How to open a beauty salon on your savings

Organization of a beauty salon is a real women's business. Usually, those women who have the education of a hairdresser, make-up artist or cosmetologist, supported by relevant experience in independent work, begin to deal with it. But one good and demanded specialty for organizing a business is not enough. Need organizational skills and start-up capital. Is it possible to open a beauty salon on my own savings?

You will need

• - premises;

• - equipment;

• - expendable materials;

• - staff;

• - cash;

• - entrepreneurial skills.

Instruction manual

1

Evaluate your "internal potential" before embarking on the organization of the salon. Do you have the necessary business skills and entrepreneurial acumen? Business in any field requires not only the possession of special knowledge and skills in the chosen field of activity, but also organizational skills, which not every good specialist possesses. Be prepared for the fact that at first you will have to work without compensation.

2

Audit your financial capabilities. If you rely only on your own savings, your starting possibilities will probably be limited. To make an informed decision about starting a business, make an estimate of expenses, including the costs of renting a room, buying or renting equipment, and salaries for employees. Do not forget about supplies, without which it is difficult for a beauty salon to do.

3

Based on the financial side of the organization of the salon, draw up a detailed business plan. It will be needed not so much to attract additional funds, if necessary, when expanding the matter, but to put your thoughts in order. Describe the stages of development of your enterprise for at least three to four years. So much is usually required for the full payback of the enterprise. Make up the expenditure side of the plan by calculating monthly costly items.

4

Separately calculate the cost of staff salaries, payments to non-state funds and tax deductions. They will make up the bulk of the costs. Do not forget about smaller current payments: payment of utilities, office supplies. Otherwise, you will be unpleasantly surprised when your real business expenses exceed planned.

5

Define the class of interior that you want to create. Practice shows that the most cost-effective are not luxury salons or beauty studios, but establishments designed for less affluent clients belonging to the middle class. The level of your business expenses will depend on the class of salon. Starting small, you have every chance to subsequently reach a higher, elite level, when income from the enterprise allows it.

6

Consider the possibility of third-party investment in your plans, even if you do not plan to use it at the initial stage. This can be a line of credit at a bank or a loan from private investors. Having thought over this part of the financial plan, you will get rid of the need to find the funds that will be needed for business development, for example, if you decide to expand the range of services.

7

When you draw for yourself a complete picture of the resources that will require the opening of a beauty salon, make the final decision and proceed with the implementation of the plan. Remember that even a small hairdresser, requiring a minimum initial investment, can eventually turn into a chic salon with a constant circle of customers.