3. Going Into Business for Yourself I believe that when you deicide you want to own any business you should know a good amount about the business that you will be running. The more you know the more successful you will be. Actually working in the same environment that you want to own makes it easier for you to understand what going on if your employers have any questions.
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5. Having a clean and safe working environment helps for the customer to be relaxed
6. Opening up and full service salon makes it more convenient for your customers. Also the most services you have the more money comes in
7. The most important thing to know is that you might fail (http://www.salonbuilder.com/salon)
10. Individual This type of business is better for someone that likes to make his or her own rules You must make sure that you are responsible enough to meet all the duties to run a business
11. Partnership A partnership business lets you have more opportunity for increased investment and growth…..
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13. When you start a business by corporation you will save a lot of money in taxes, provide greater business flexibility and make raising capital easierbiztaxlaw.about.com
14. Where to Find Money for Your Business “After devoting many hours to planning you business you will come to realize you will need at a minimum of five to 20 thousand dollars or more to start you business” (pg.78) In order to take out a business loan you must come up with and very comprehensive and persuasive business plan It helps if you can show records of your past assets Cosmetology Law Act of 2006)
15. Drawing Up a Lease Most of the time when you own your own business you don’t own the building space When you rent or or lease a space you must have and agreement between yourself and the building owner that has been well thought out between yourself and who ever your leasing the building from. (pg 845) (Standard Cosmetology)
16. Protection Against Fire, theft and Lawsuits Must have Insurance Make sure your business has the correct locks, fire alarm system, and burglar alarm system Makes sure your insurance covers any burglary and damage to the business Make sure you familiar with the laws governing cosmetology and with the sanitary codes of your city and sate Keep accurate records of your employees You will need a disability policies (Pg 845) (Standard Cosmetology)
17. Working With Others If you can not work with others then your business will never work. When you work with others you have to appreciate others ideas ands and opinions. When you don’t agree with someone then you cant embarrass them at the work place of in front of anyone. You must remain professional at all time. (“Mrs. Shultz”)
18. What You Need To Know!!! “ The amount of capital you need to start the business depend on the type, quality and choice of salon design, rent and utility deposits, fixtures, leasehold improvements, opening inventory and equipment that you intend to use” Having a business out your house my be more difficult because of zoning restrictions some residents may not be tolerant of the flow of traffic as well as parking in the neighborhood You most have the right equipment (http://www.powerhomebiz)
29. Market Developing for Salon You must have a staff that makes your clients feel comfortable The customers must have satisfaction, if the customers have satisfaction then they will keep coming back (http://www.ehow.com/how)
30. State Requirements Every owner of a salon must assign a person in charge of the salon in other words a manger of the salon must be present when the owner absence. Every stylist in the the salon must have a cosmetology license and while they are working the license must be somewhere on their work station In Pennsylvania if your are a stylist and want to own your own salon you must be twenty three years of age and been and have been experienced for five years with a licenses to own a salon If you own a salon at your house the entrance to the salon must be located in a private home so that the clients enter the salon directly from the public thoroughfare without passing through any part of the home (Pennsylvania Code)
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32. Salaries Salaries can vary from well over 100,00 a year to 15,000 a year most people that make good money had five to ten years of experience stylist that make 15,000 are usually just starting cosmetologist in a salon Many salaries depend on the salons location “It takes a few years for a beginning cosmetologist , barber or even makeup artist to develop a regular clientele.” (Careers in Focus)
33. Understanding the Pros and Cons PROS CONS Pros- when a stylist finally builds up his/her cliental and brings in $500.00 dollars in one week then I get half of what they made and my salon would have brought in $250.00 Cons of that is if I was to pay my stylist $200.00 and my stylist on had two clients and only made $170.00 on there own (commission) then I would lose 30 because because no matter what they get $200.00 Standard Cosmetology)
34. A Full Service Salon Includes… Hair Salon Business Services:Haircuts, styling and trims. Hair coloring and highlights Hair and scalp treatments. Hair shampoo and conditioning. Hair relaxers and perms. Hair curling, reconstructing and waving Nail Salon Business Services: Manicures. Pedicures. Nail polish. Nail repair and sculpting. Hand conditioning. Day Spa and Beauty Business Services:Body scrubs. Body wrapping and herbal wraps. Massage and aromatherapy. Hot stone therapy. Acupuncture and Reflexology. Derma abrasion. Anti-aging. Facials. Makeup and makeovers. Skin cleansing and care. Body waxing. Polishing, buffing and bronzing. Tanning. Piercing. Salon and Spa Products: (http://www.salonbuilder.com)
35. More things full Services Salons include…… Hair Salon Products:Shampoos. Conditioners. Extra hair treatment. Pre-styling products. Hair styling products. Hair finishes. Brushes and hair tools. Skin Care, Nail and Beauty Products:Face skin care products. Body skin care products. Makeup. Makeup tools. Nail polish products. Nail finish products. Nail tools. Perfumes. Bed and bath products. (http://www.salonbuilder.com)
36. Sanitation in the Salon Sanitation Sanitation is very important in a salon If you happen to not properly sanitation a person hands, hair, nails, skin, work stations, and implements you will have a lawsuit on your hands. You can many types of diseases from improper sanitation Cosmetology Law Act of 2006)
37. Health in the Salon Health You must be aware of a of a person medical conditions Example: if someone had high blood pressure and you performed a massage you could increase blood flow to there heart
38. Accounting System When researching for an accountant is important to look for and accountant that specializes in salon industry You may have and regular accountant
39. Salon Flooring and Spacing You must have the proper amount of floor space for each stylist in the salon. In a single owned salon there must be a minimum area of 180 feet and has to be a minimum width of 10 feet For every additional stylist there must be and additional 60 square feet (Chp7-pg31) (Pennsylvania Code)
41. Making a Name For Yourself Advertising A new salon owner would want to get their new business up and running The first thing a new salon owner should consider is how to advertise his or her salon (Standard Cosmetology)
42. Costumer Service The clients that are satisfied will become the heart of your business the ones that will get your salon out there with mouth to mouth adverting On the other hand, dissatisfied clients will complain about you to an average of ten people A client-friendly salon staff is the most effective way of building a loyal customer base and growing your business. www.profitablesalonowner.com
43. Keeping Up With Styles Keeping up with styles is better for your business. In order to expanded your cliental and make more money you must keep up with different trends (http://www.hairstyleaccess.com/)
44. Selling in the Salon Many People like to sale products in the salon Selling other products in a salon helps to bring in more money for your salon (Standard Cosmetology pg.856)
45. Salon Image When walking into a salon it is important to have a good image. The worse thing in having any type of business is for someone to walk in and walk right out because they don’t like what they see Making a few simple changes can drastically improve the salon, giving it a whole new atmosphere. http://hooked-on-nails.com
Knowing what you are getting yourself into helps you a lot in the long run. Own something like a salon makes thing even easier when you actually are a cosmetologist because you would of built up a cliental and when you deiced to move on to owning your own business you will already have some customers.
Having a good location will set help you to expose your business to new customers. if you choose a place that has parking or is easy to walk to or easy access to public transportation makes it easier for more customers to come to you when ever they need you. You will also make it earlier for you to be known because your business want be hidden 2. Knowing that you might fail seems harsh but its reality. When you know this your more determined to be successful. Especially a business like a salon. There are salon everywhere trying to be the best is very hard because there is competition on every corner so you must and have to think a step a head of the competition3. When you keep one customer happy they will start talking to other people about you and your salon business.4. When people go out and tell other people this is called word of mouth. That is the best and easiest way to get yourself out there.
These are three types of businesses that you will need to ask your self witch one best suites you.Picking the wrong type type of business could mess you up financially
Witch is very hard because it will talk up a lot of you time when you own your own business. When you own your own business you have to: Manage the business, Determine policies, and has the last say in decision making, Assuming expense, receives profits an bears all lossesPartnership lets you have more opportunity for increased investment and growth. A partnership can be two or more people. Its shared ownership but not really equal, assumes the others unlimited liability for debts, makes it easier to share work responsibilities and decision making.Corporation is the best way that a business owner can protect his or her personal assets. When you start a business by corporation you will save a lot of money in taxes, provide greater business flexibility and make raising capital easierCorporations raise capital by using shares or stock certificatesStockholders have an ownership in the interest in thee companyYou can be a sole stockholder a stockholder is required to pay unemployment unlike partnership and individualIncome tax is limited to the salary that you draw and not the total profits of the business
A partnership can be two or more people. Its shared ownership but not really equal, assumes the others unlimited liability for debts, makes it easier to share work responsibilities and decision making
Corporations raise capital by using shares or stock certificatesStockholders have an ownership in the interest in thee companyYou can be a sole stockholder a stockholder is required to pay unemployment unlike partnership and individualIncome tax is limited to the salary that you draw and not the total profits of the business
The amount that you choose will obviously depend on how much space your business will have or need Its very hard to get a business loan from a bank you must have extremely good credit Assets meaning you things that you own you can prove that your are responsible for paying things or if you cant pay for your loan they can take your car or house to cover
The lease should specify clearly who owns what, and who is responsible for which repairs and expensesExemptions of fixtures or appliances that be attached to the salon so that they can be removed without violating the leaseAgreement about necessary renovations and repairs, such as painting plumbing, fixtures and electrical installationOptions so that the landlord that allows to assign the lease to another person
With doing this you will have saved yourself lots of money because you will have insurance and want have to come out of pocket if anything like the ones listed were to unfortunately happen
If you have problems like these your business will look completely unprofessional and will cause you to loose a lot of clients but by having people in your salon that can not work with one another if you fire them you can loose clients because of the stylist.
Most salons need a space of about 500 to 2000, square feet, the amount of space depends on the types of services that will be providedIf you don’t have the right equipment then you can have a lawsuit on your hands because something could go wrong but use the wrong equipmentCapita- meaning moneyZoning restrictions- controls the use of the land and what you do with itThe equipment that you will buy depends on the services that you offer
Most nail salons provided waxing, eyebrows, pedicures, manicures, and eyelashesBarbershops provide clipper cutting, shaving, and braidingMost spas provide skin care, all types of massagesAny hair service ( color, cutting, perms etc)Any type of braiding service ( cornrows individuals and sometimes sewing weaves)Full service salon have any service that you can think of that has to do with cosmetology including makeup
Even thought you want to keep your customers happy you must market you salon with new customersOne of the best ways is by radioPop ups on the internetDirect mailTV commercialsWord of mouth is the best method of advertising that’s why making your customers satisfied will help you to build a great salondi
When the owner is not person the other person in charge name must be posted some where in the salon.A stylist must be at least sixteen years of age and have a tenth grade education When its means near the premises this means within the square footage of the salonThe only equipment that can be sanitized is metal or plastic this that are wood or thing like nails files or anything of that nature must be thrown away right after use, things like nail clippers combs razors etc must be cleansed asapYou must call state board in order to have your name approved some people stay on the phone up to six hours just to see if the names they chose are able to be used
These are the very few things that the state requires
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Cosmetologist may be salaried or work for commission and tips , salon owners pat commission of around 50 percentBarbers salaries range from 15,080 to 75,000Image consultants and color analysts make around 15,00 to 75,000 Cosmetic surgeons make around 164,800 to 266,000Cosmetologist/ hair stylist make around 18,000 to 45,00 and moreDermatologist make around 80,000 to 238,000Makeup artists make around 13,00 to 260,000Massage therapist makes around 10,712 to 72,800Mortuary cosmetologist make 13,280 to 32,000Nail technicians 15,236 to 24,000Salon managers 23,000 to 37,00Skin care specialists make 10,700 to 28,600
When you open a salon like this you must make sure that everyone is specifically certified for the position that they positioned in the salon. One person may have their license for more then one service in the salon.Administration Equipment- includes one cash register and computer, phones, basic office supplies, desks, and furniture
Its important to keep a medical record of your clientsHave your clients fill out a sheet the tells you what types of conditions they might haveIf you don’t know the medical history you might make a mistake that can cause you your salon just by you simply not knowing but it is stylist job to know important information like this
Do to the different types of tax liability and taxable incomes and tax breaks payroll deductions it would be easier to have and accounted that knows how to deal with all the different types of taxes that occurs in the salonIts for your accountant to balance your books at the end of ever business years for taxes purposes this is now you see if you had any profits or loses for the year
What this means is if I have one stylist working in my salon in my salon then I have to have a minimum of 180 square feet and a width of 10 feet if I hire ten more stylist then I a minimum of 600 hundred square feet plus 180 feet because I needed to add 60 feet for every stylist plus the stylist I already had working in my salonI have a drawling for this slide to
Many people want to get there business up and running to pay off your debts It is important to understand the many aspects of advertising
When the clients are not satisfied the will hurt you business by damaging your reputation
Not knowing what is in and what is not will really but I dent in the money that you bring in. If you are familiar with what trends are and can do those trends or understand what a client is trying to explain what type of hair styles they want will really help you. Now knowing what they are talking about because your are no up to date with the different trends will make you loose clients and money by either not knowing how to do different stuff or trying to do things that are not fimilar to you and messing up someones hair
When selling in the salon make sure you don’t seem aggressive or pushy you do not want to seem like that person or you will not sell any products and you can as while loose customers.
Clients Like to get a feel for the atmosphere You must as yourself some question when setting up a salon Do have enough waiting spaceIs the furniture rearrange nice and neatWill the clients feel comfortable when they walk in my salon
In the cosmetology field there is a lot of interaction with the customers. Most of that interactions has to do with being in the customers personal space.
