Have you decided to start an exciting career in a hairdressing salon? You can accelerate your career with a hairdressing short course which has been designed specifically under the guidance of our industry expert trainers. What lies ahead is a world full of opportunities and achievements but not without its fair share of hardships and challenges. One major step is to find the right salon suite.
The trend of beauty professionals is steering away from paid hourly-based pay methods and commission models. If you finally feel ready to take the plunge, it is imperative to be fully prepared. While success is never achieved overnight, you can set yourself up for success with the right beginnings. Here are a few important factors to know before signing your contract for a hairdresser salon suite rental!
Place Matters
Your first and most important responsibility is to find an ideal location. To start with, you can get help from professionals at salonrenter.com to meet your salon needs. While choosing the location of a salon, consider three main things that you should aim for. The new salon rental should be near the place you worked before, near your regular clientele, and near you! As your clients will have to travel to the new location, it should be convenient for them to reach you.
Determine whether the location is good enough to attract new clients. Maintaining a balance between rent and location plays a vital role in your success. Don’t forget to assess different locations for utilities, laundry facilities, parking, and amenities.
Tackle Your Legal Obligations
It may be the least fun part of starting your salon studio, but crucial. You must understand the licensing you need, or you will land yourself in a legal mess before you taste success. Generally, salon suits offer assistance and guidance to tackle your legal liabilities. This process includes obtaining a salon, sales tax licensing, trade name registration, lease agreements, etc.
To get started, you need to call the local government to get a business license. Once you are done with a business license, apply for a license from the cosmetology state board. They will visit your salon to check if you are following requirements such as sanitation and hygiene.
Furthermore, you have to protect yourself and your business from claims. Find the best professional liability insurance for your business as soon as possible. Seek professional help wherever you need to because you don’t want loopholes in your legal compliance and safety.
Your Client List Must Be In Place
As anyone related to the beauty business would agree, your regular clients are the bread and butter of your business. So this list is necessary to follow to keep everything else running smoothly and effectively. The transition to a suite owner is tricky, but building strong relationships with your clients is a buffer up the risk.
Connect with them on social media so that you can communicate about any of the business updates related to your business and in your services area. Keep them informed about the location changes right before or after moving. Their appointments remain booked but only at the new suite.
Typically, about 15% of the clients will not follow you to the new salon suite, but most of your clients will support your new business. It would help if you always went above and beyond your previous marketing strategies to build your clients.
Keep Track Of The Monthly Plus Yearly Expenses
Being on your boss comes with the responsibility of keeping track of monthly and yearly expenses. The best advice you can get is to find a good accountant for your salon suite business. While accounting software can help your business initially, most of them are yet to replace the need for a professional accountant. An accountant will help you look into the finer details and guide you to save your money. Your business-related expenses can be itemized and listed as business deductions.
Startups’ costs often include but are not limited to security deposits, rents, licensing, furniture, décor items, tools, hair products, phones, setting up credit cards, and internet services. Monthly expenses include taxes, phone bills, accountant fees, laundry, supplies, rent, and credit card fees.
Double Check Your Lease Agreement
Whether renting to a hairdresser or physiotherapist, both of the involved parties must sign a lease agreement. Please consult a lawyer to take a look at the lease agreement before you sign it. You should consider important details such as equipment, freedom of painting, and installing wall shelves. See how repairs and updates are to be handled in the future and if the utilities and internet services are included in the agreement.
Pick The Right Products For Your Retail Shelf
Having a salon suite allows you to earn profit from your retail shelf. You get to be the sole decider of what stays on the shelf, so make your choices carefully. The companies you work with impact your reputation and hence the money you will make.
Partner with the most reliable of brands, but don’t overdo it. Customers may get confused if you have a lot of brands on the same retail shelf. Whether you are interested in selling hair extensions, shampoos, hair creams, or all of them, put your effort into making the retail shelf aesthetically appealing. It pays off without a lot of hard work. Once you know how to entice your customers to buy the products, all you have to do is maintain a high inventory.