How To Start A Hair Salon Business Plan

If you want to start your own hair salon, one of the first steps is writing a business plan.

There’s no question that this beauty industry is huge.

The great thing about the hair salon is the customer retention opportunities.

If so, it may be a good time to consider opening your own hair salon.

The beauty industry is expected to grow to $11 billion by 2018 with no signs of slowing down.

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.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.As a woman, you only need 1 car, but you’ll need at least 3-4 haircuts a year, and if you’re like me, 3-4 color sessions a year! Hair salon owners can pay themselves a salary of upwards of ,000 per year (depending on the state and city of course)!That doesn’t even count the earning potential if you’re also styling hair in your salon…And then, there’s the potential of a hair salon being acquired… It’s a big industry, and with a lot of hard work and planning, you can grow this hair styling passion into a really great nest egg.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.The reasons hair salons fail come down to the following mistakes: We’re here to help you avoid those pitfalls.As the saying goes: “Knowing is half the battle.” You’re already ahead of the game by knowing the and preparing for those 3 common mistakes hair salons fail. Let’s dive in to the 12 steps on how to open a hair salon!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.