Hair Today: Opening Your Own Salon

Hair Soday OPENING YOUR OWN SALON Why Open Your Own Salon Hair care service in the U.S. is a $40 BILLION per year industry Hair care is a relatively Revenue is expected to grow an average of RECESSION -PROOF 3.3% EACH YEAR INDUSTRY 2010 2020 14% GROWIH RATE in salon employment expected from 2010-2020 How to Open Your Own Salon CREATE A BUSINESS PLAN Examine your Obtain business loans if necessary Decide on a finances and target market establish a You may want to focus on a budget certain gender or age group 2 DECIDE WHICH SERVICES TO OFFER Haircuts, hair coloring, and hair styling for special occasions Nail services Spa treatments FIND A LOCATION OPEN Most salons are Make sure your Research where 1,000-1,500 location is easy your competition is located square feet to get to 4 PURCHASE SALON EQUIPMENT Stylist tools - shears, combs, clips, blow dryers Contact American Retail sales - Make sure to get Beauty Equipment for an equipment listing pop displays and other products to sell. 5 HIRE STAFF TWO OPTIONS: Rent booth spaces Find a trustworthy Hire your own stylists to stylists person to assist with day-to-day operations 8. MARKET YOURSELF Ligo Invest in eye- Utilize social media Offer incentives catching signage websites to create for client referrals hype about your business INFOGRAPHIC PROVIDED BY MS1993RO ABE. American Beauty Equipment www.spaandsalonequipment.net http://www.entrepreneur.com/article/79550 http://www.bls.gov/ooh/personal-care-and-service/barbers-hairdressers-and-cosmetologists.htmt tab-6 http://www.sbdcnet.org/small-business-research-raports/beauty-salon-2012 http://www.nysbsa.org/pdf/News 2011EconomicSnapshotoftheSalonindustry. pdf