Here at Beya Salon Studios, we have seen firsthand what it takes to establish a successful business. We have seen beauty salon, air salon, nail salons and massage parlors come and go, and we have seen some stay and carve out a profitable niche for themselves.
It takes a special kind of resilience and the will to thrive to make it in this high-competitive environment. Here are a few things all small beauty salons must take care of before they can become big:
Figure Out Funding
It is extremely important to ensure that you have enough money to operate out of pocket, and without much income the first two months of the business at least.
The foot traffic will trickle through if your salon is in a great location, there is no denying that. But it is imperative that you have a secure source of funding to help your business survive the tougher times. This could mean having investors who are willing to put money into your business, or go the traditional route and get a bank loan.
Invest in an Accounting and Inventory System
No, it’s not too early to start tracking your revenue, expenses and inventory. Keeping track of your money and growth projections is an important part of succeeding at building a profitable salon business. And when the time comes, you will also be on top of the tax situation and know exactly what you need to pay Uncle Sam. So sit down with an accountant and figure this out while the business is still in its infancy.
Get The Right Location Like Your Life Depends on It!
Because it does! Of course salons can and do find success even when they are tucked away in obscure corners, out of sight.
But really! Why make life any more difficult than it already is? Select a quality location, someplace that is easy to remember, with safe parking nearby and high visibility. Just like what we offer at Beya Salon Studios here in Atlanta, GA.
For starters, make sure you have created comfortable, warm and welcoming environment that your clients will love.
Next, make sure they are always welcomed with a smile and get services that’ll keep them coming back from more. Keep your clients in mind when making the business plan and when buying products and tools for your salon.
And finally remember, winning takes patience.
Now, are you ready to start your journey to salon ownership in Atlanta? Begin here!