Since the advent of millennium, the stock market has rather been in a freefall but it was a pretty propitious time for day spa and beauty salon opening.
According to one authoritative internet small-business statistics resource in 2002 in the United States there were over 1.5 million personal care services, more than 500,000 of which were beauty salons and spas. The revenues of the salon industry alone made up over $50 billion and sales of salon products rose to over $5 billion. Undoubtedly this impetuous growth of beauty salon industry was possible because many of the salon services simply can't be fulfilled at home.
There are several options for you to leave your mark in the beauty industry.
Opening a franchise beauty salon is the first option. Here you pay money for the privilege of beauty salon opening using someone else's recognized name (which will provide you with an instantaneous reputation) and its resources (for example, advertising campaigns).
The second option is buying an established beauty salon from someone who is retiring from the beauty business, or someone who has simply tired of it, or has spoiled the business and declared the bankruptcy (all these happen regularly).
A third option is starting beauty salon on your own. In this case, beauty salon opening will require your own money, your own optimism and your own initiative.
It's important to mention another option for beauty salon opening. This type of beauty salon operating is very prevalent in the beauty business. Booth rental beauty salons are owned by a person (or group of persons) who on the whole is the landlord for beauty service providers who work under his roof. As the landlord, the beauty salon owner levies a set monthly fee from providers of beauty services, for which they exercise the opportunity to use salon room and stationary salon equipment like salon chairs, stations and other new or used beauty salon furniture.
Service providers, in turn, are considered self-regulating contractors who have to use their own beauty salon supplies (everything from perm rods to hair dryers), set their own schedule, book their own arrangements and have own keys to the salon building.
So what does it take for beauty salon opening and being a successful entrepreneur in the beauty industry? First of all, it helps to be a risk taker, says owner of Scizzors beauty salon in Massachusetts. "It's advantageous to jump in and simply do it," he says. "Don't overanalyze the procedure or you won't have anything done. Take a chance, open the doors and let customers in."
Co-owner of Goldwaves Salon in Texas believes that it is important to have a will to try anything to accomplish something. "If you're frightened, you'll deter your development. Instead, go for it, then reconsider what doesn't work and fix it," he says. "You must be able to see the large picture and not get bogged off in the details," says the owner of La Jolie Salon in New Jersey.
A longing for knowledge, an indefatigable spirit and a strong constitution are also traits the entrepreneurs in the beauty business said were necessary for triumph.