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Starting a Hair Salon Business: Here’s What You Need to Know

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Starting a Hair Salon Business: Here’s What You Need to Know

Business Overview:

Whether you’re a hair stylist wanting to open a shop or an entrepreneur looking for a fresh business idea, you should consider starting a hair salon business. The hair styling industry is booming and with the popularity of celebrities’ hair trends, finding out how to start a hair salon business is a smart move. Before going too far, you should do a quick Internet search for “business plan for hair salon” and find one that meets your needs and then modify it to your specific goals.

Once you have looked through hair salon business plans you may have a better idea of what’s involved in owning your own salon. Being a stylist in someone else’s salon is much different from operating your own salon and it’s important to have a good plan in place. If you are not a trained stylist, you will need to hire a team of stylists to work for you.

Finding talented stylists is vital to the success of your business so you will want to implement an extensive interview process. You should discuss the stylists’ training, previous jobs and familiarity with industry trends. Before hiring a new stylist, you may want him or her to do a sample cut on a willing client. A stylist who already has a solid customer base is much more valuable than one without any clients. The beauty business will always be popular and having a great salon will be a lucrative business venture.Starting A Hair Salon Business

 

A Day in the Life of a Hair Salon Business Owner:

A typical day for a hair salon business owner will depend on whether you are a stylist or manage a team of stylists. If you are the owner/stylist, you’ll want check your schedule for the day’s appointments and ensure you have all the products on hand that you will need for those clients (hair color, perm solution, etc.). Between appointments or at the end of the day, you might spend some time working with your finances to make sure all payments have been recorded. Many clients will pay in cash so it’s important to track all payments accurately. During the day you will take calls for new appointments; be sure to write those down accurately.

If you are not the stylist, you should check the appointment book for the day and make sure your stylists know which appointments they have. You’ll want to check in with them (or have your manager do this) to see what supplies your stylists need and then you’ll do a quick inventory to see if you’re running low on anything. You may need to make a quick trip to the beauty supply store to replenish products. During the day, you’ll check in with your employees and the customers to make sure everything is running smoothly. You may take calls for new appointments. Finally, you’ll want to be sure to record all payments and pay any bills that are due.

 

About Your Customers:

Your customers will be men and women needing haircuts and other hair care services.

 

What You Need to Start:

  • Salon
  • Business plan
  • Salon equipment (chairs, shampoo stations, hair driers, etc.)
  • Styling products (curling irons, flat irons, shampoos, hair spray, etc.)
  • Licenses and permits
  • Insurance
  • Computer with bookkeeping software

 

The Good:

  • Hair salons will always be in high demand.
  • Beauty supplies are relatively inexpensive.
  • Talented stylists can charge high prices for their services.
  • A hair salon is a fun work environment.
  • You get to talk to people and do what you love every day.

 

The Bad:

  • Finding quality stylists takes persistence.
  • It may also take some time to spread the word about your new salon.
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