Use this data and your own business savvy to formulate ideas on how you intend to run your business. According to Forbes, in 2010 many salons spent $75 to $125 per square foot to handle chairs, sinks and salon space for customers.
Decide how you intend to compensate your employees.
But you need to figure out what your way is before you can anyone else learn it.
And the best way to do that is to go study the business from the inside.
The best way to understand how a salon works is to work in one.
You have to learn, analyze, and answer the following aspects of running a hair salon: The list goes on and on.
We’ve rallied up with the top local hair salon owners help to break down the steps to opening a hair salon business with topics ranging from beauty salon services to salon marketing plans, and of course the requirements to open a hair salon.
Make sure you check out our opening a salon checklist on the right sidebar as a free download.
Section 1 typically focuses on the business and includes subsections for marketing, your competition, how you intend to manage the business, your hiring strategies and business insurance information.
Section 2 covers the financial aspects of your business and includes loan applications, balance sheets, detailed budget projections for each month during your first year and quarterly budgets for the next three years.