Since the beginning of the new century, the stock market has been rather in a freefall but it was a pretty propitious time for starting beauty salon and day spa.
According to one very respectful internet small-business statistics resource in 2002 in the United States there were 1.5 million care services, 310,000 of which were beauty salons. The revenues of the salon industry alone made up about $54.8 billion, up 4 percent from that of the previous year, and sales of salon product rose 3.5 percent to $5.3 billion. No doubt this impetuous growth was possible because many of the salon services simply can't be done at home - or at least not done well.
Starting beauty salon
There are three options for you to make a mark on the beauty industry. Opening a franchise beauty salon is the first option, in which you pay money for the privilege of starting beauty salon using someone else's well-known name (which will give you an immediate reputation) and its resources (for example, advertising campaigns).
The second option is finding a beauty salon for sale and buying it. For instance, it is possible to buy an established beauty salon from someone 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 often). A third option is starting beauty salon on your own using your own money and establishing your own beauty salon business plan. Your own optimism and your own initiative are all-important in this option.
It's important to admit that there is one more type of beauty salon that is very prevalent in the beauty business. Booth rental beauty salons are owned by a person or a group of persons who on the whole are the landlords for a hairstylists group and other beauty service providers who work under his or their roof. As the landlord, the beauty salon owner collects an equal monthly fee from beauty service providers, for which they exercise the opportunity to use salon room and stationary equipment like salon chairs and stations.
The renters, sequentially, are considered self-regulating contractors who have to use their own supplies (everything from perm rods to hair dryers), set their own work hours, book their own arrangements and have own keys to the building.
So what does it take for starting beauty salon 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 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.