Are you considering setting up your own hair salon? For many hair stylists, owning their own salon is the ultimate goal. The earning potential and the satisfaction of owning your own business is incredibly high, but only if you do it correctly.
There’s a surprising number of factors you need to consider before you set up a salon. Without adequate planning and research, you could soon find your dream turning into a nightmare. Here, you’ll discover some of the most fundamental points to consider before you start.
Location is everything
One of the first things you’re going to need to research is location. Where you base your business will have a significant impact on its success. You’re going to need to choose an area which is easy for your clients to get to, with as few competitors as possible, and which has a good level of passing foot traffic.
Although you will want to be located in a sought-after location, you need to consider the costs of setting up in a popular area. The rental or purchasing prices of premises in sought-after locations are going to be quite high. So, factor in how much it will cost you each month before deciding on the right premises for your salon.
Many hairdressers choose to start with a mobile salon business until they can save up enough to buy a salon.
Choose your suppliers wisely
Whether you decide to open your own salon, or start with mobile hairdressing, you’re going to need several pieces of equipment. While you will want to save as much money as you can, it’s vital you invest in high-quality equipment. Cheap, poor quality equipment will break easier and it also won’t do the job as well as higher cost equipment.
It is possible to find affordable high-quality salon supplies through companies like Capital (Hair & Beauty) Limited. Keep in mind that although the price for top-quality equipment may be slightly higher initially, it offers long-term value for money.
These are just two things you’re going to need to look into before starting your own salon. There’s also laws and regulations you’ll need to familiarise yourself with and you’ll need to go over all of the costs to ensure you can survive financially.
Overall, setting up your own hair salon can be a great opportunity, but it’s really important to consider the above factors before taking the plunge. You’ll need to do as much research and planning as you can to ensure your salon’s success.
