Future Prospects For Working At A Salon

FUTURE PROSPECTS FOR WORKING AT A SALON The total revenue of U.S. salons is rising at an average annual rate of 3.3% The total revenue will reach $49.3 billion by 2017 Salon profits are expected to 5.5% to 5.9% in 2017 increase from Employment at a Salon Beauty salon employment is increasing by 3.8% per year 15.2% 11.4% 7.6% 3.8% Year 1 Year 2 Year 3 Year 4 By 2017 there will be 1.8 million salon employees. Currently there are: 627,700 Hairdressers, hairstylists, and cosmetologists 62,200 Barbers 22,300 shampooers Salon Wages Wages for salon workers in 2010: $11.45 for barbers Š10.94 for hairdressers, hairstylists, and cosmetologists $8.78 for shampooers Salary for Salon Owner: $30,000 - $80,000 a year (depending on location) Salon What Work is There? • Barbers, hairdressers, and cosmetologists work mostly in a barbershop or salon • Some work in a spa, hotel, or resort. • Some lease booth space in other people's salons. • Some experienced and well educated people open their own salon after several years of experience. Overall employment of barbers, hairdressers, cosmetologists, and shampooers is expected to grow 14 percent by 2020. 2020% Demand for hair coloring, hair straightening, and other advanced hair treatments has increased in recent years, a trend that is expected to con over the coming decade. Data is sourced from: http://www.sbdcnet.org/small-business-research-reports/beauty-salon-2012 Created by: Avenuefive.com/ | Infographic Design by: SmallBusinessOnlineCoach.com