How Do I Start My Own Salon Business?

Steps to Start a Profitable Salon

• Define your concept.
• Create a business plan.
• Register your business.
• Select location.
• Order equipment.
• Hire staff.
• Outline offerings.
• Find financing.
• Offer services.
• Set trends.
• Gain clients.

Initial Costs and Essential Questions

• Initial costs range from $2,000 for a basic setup to over $500,000.
• Essential questions before opening a salon include: Are you an entrepreneur? Familiarize yourself with the necessary steps. Write a plan to: Secure funding. Clarify vision. Stay on track.

Profitability and Business Models

• Salons can earn an average profit margin of 8.2%.
• Different types of salon business models:
  1. Employee Model.
  2. Independent Contractor Model.
  3. Commission-Based Model.
  4. Booth Rental Model.
  5. Franchise Model.
  6. Salon Suite Model.

Salon Business Plan Importance

• A salon business plan is a roadmap with goals and milestones to lead your salon to success.
• Why you need a salon business plan: To get in control of your beauty business and enable the right decisions up front.

Advice for Starting a Salon

1. Research the competition and industry.
2. Choose the right location.
3. Create a comprehensive business plan.
4. Find the right equipment and supplies.

Home Beauty Salon Setup

• Opening a small salon at home:
  • Define your concept.
  • Create a business plan.
  • Register your business.
  • Select location.
  • Order equipment.
  • Hire staff.
  • Outline offerings.
  • Find financing.
  • Offer services.
  • Set trends.
  • Gain clients.