2 years, 2 months ago
I am opening an hair salon with three of my friends. Can I have some advice regarding this?
I would also like to get info about the equipments needed, working hours, the list of services and so on.
Thanks.
Thanks.
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M$3 Answers
I am a businessman but know nothing about hair salons.
My advice would be to go in knowing that going into business with friends is a VERY delicate thing and can often end in disaster. Plan for that up frong and set up clear written guidelines that you all agree upon.
1) Divide up responsibilities, who is working when, who does the books, who buys the products, who hires and fires, etc
2) When you don't all agree with something, how will you resolve the conflict? Vote? 3rd party advice?
3) How will profits be taken or split early on.
4) Tough to think about in the beginning when you are excited but worst case scenario - how will things be settled if the place goes out of business?
5) What will happen if a partner decided to leave the business? Buyout? Sell to a different partner - do the others get to approve sale?
I think all this stuff should be drawn up in a contract by a lawyer. This link has some other advice.
Good Luck
My advice would be to go in knowing that going into business with friends is a VERY delicate thing and can often end in disaster. Plan for that up frong and set up clear written guidelines that you all agree upon.
1) Divide up responsibilities, who is working when, who does the books, who buys the products, who hires and fires, etc
2) When you don't all agree with something, how will you resolve the conflict? Vote? 3rd party advice?
3) How will profits be taken or split early on.
4) Tough to think about in the beginning when you are excited but worst case scenario - how will things be settled if the place goes out of business?
5) What will happen if a partner decided to leave the business? Buyout? Sell to a different partner - do the others get to approve sale?
I think all this stuff should be drawn up in a contract by a lawyer. This link has some other advice.
Good Luck
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M$Report Abuse
Hi, the answer Dave gave you is a very solid one. I also wanted to suggest that if you have not done so already the three of you create a business plan. As Dave mentioned you'll want to make sure each of you know your responsibility.
If you're not sure of how to write a good business plan, or the steps involved in creating one you can find out how on the Microsoft Start Up Center (link below). There is no registration required and you'll find a lot of good information. There is even an area on Online Services and how to acquire domain names, if you choose to have a website for your business.
Good luck to you!
Cheers,
Rebecca
The Microsoft SMB Outreach Team
If you're not sure of how to write a good business plan, or the steps involved in creating one you can find out how on the Microsoft Start Up Center (link below). There is no registration required and you'll find a lot of good information. There is even an area on Online Services and how to acquire domain names, if you choose to have a website for your business.
Good luck to you!
Cheers,
Rebecca
The Microsoft SMB Outreach Team
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
This is a delicate situation my advice is to know each others strengths and weaknesses in professional capacity ie who has the most experience in hair accounts etc.
you will need mirrors and chairs wash basins, reception desk, till, appointment book or computer but ensure if you have a computer till you have good knowledge of how to work it before you open, record cards for customer data ie services personal details, you will need products to do hair ie. shampoo/conditioner colours perm lotions, bleach peroxides, tint bowls and brushes, shade charts, it is a good idea to get in touch with company reps ie l'oreal, wella as they can give you good deals on starter packs for your salon and general promotional stuff, rollers perm rods and papers, combs selection of brushes, styling products ie. serums hairspray, gels waxes etc. you will also need retail products to sell as you make profit from these, a god tip si to buy some semi permanent colours matching your colour range which clients can buy to top up their colour in between appointments this generates a lot of profit for me, always ensure you have tea coffee biscuits for your clients no chipped mugs/cups, you will also need towels capes cutting collars, stain remover, barbicide to sterilise tools, also promotional posters etc try to put together a portfolio for clients to browse through and plenty of hair and lifestyle magazines another great earner is a nail bar if possible hire a nail technician and another good way to make money is to rent out 1 - 2 of your chairs to stylists who will pay you a weekly rate to work in your salon and they will take care of their own taxes and products, Try to offer 1 or 2 late night opening depending on the location of your salon, opening hours are generally 9 - 5 or 6 6 days a week, always ensure 1 of you are working never leave a new business in the hands of staff as it is not their baby and they dont care about the running as much as you would, I never hire a trainee until salon is making money if it can be avoided, go to local college and see about getting some work placement students who will work 1 day a week and they don't get paid also a Saturday girl as this will generally be your busiest day, do some research in your area what are other salons charging what services do they offer, try to come up with vouchers or leaflets offering reduction to get people through the door also an opening night is good offer champaign wine, gift bags and try to get the press involved for maximum exposure. free client consultations, if possible open to gents also, you want to offer, cut and blow dry, cut and colour, semi permanent permanent colouring hi lighting t zone half head full head, stripping colour, perming, wash and blow dry, permanent straightening, hair ups, bridal packages, offer a walk in service at least until you start to fill up with appointments I started with a walk in service this generated 70% of my start up business.
Dont forget add vat onto your services and dont go straight in with expensive services try to get the prices as low as possible but with enough profit to cover your overheads, remember where not in the best financial climate and people are looking for bargains. i did a storm at christmas offering cut and colour at £50 for all services ie. hi lights full head colour including cut and blow dry. hope this helps
you will need mirrors and chairs wash basins, reception desk, till, appointment book or computer but ensure if you have a computer till you have good knowledge of how to work it before you open, record cards for customer data ie services personal details, you will need products to do hair ie. shampoo/conditioner colours perm lotions, bleach peroxides, tint bowls and brushes, shade charts, it is a good idea to get in touch with company reps ie l'oreal, wella as they can give you good deals on starter packs for your salon and general promotional stuff, rollers perm rods and papers, combs selection of brushes, styling products ie. serums hairspray, gels waxes etc. you will also need retail products to sell as you make profit from these, a god tip si to buy some semi permanent colours matching your colour range which clients can buy to top up their colour in between appointments this generates a lot of profit for me, always ensure you have tea coffee biscuits for your clients no chipped mugs/cups, you will also need towels capes cutting collars, stain remover, barbicide to sterilise tools, also promotional posters etc try to put together a portfolio for clients to browse through and plenty of hair and lifestyle magazines another great earner is a nail bar if possible hire a nail technician and another good way to make money is to rent out 1 - 2 of your chairs to stylists who will pay you a weekly rate to work in your salon and they will take care of their own taxes and products, Try to offer 1 or 2 late night opening depending on the location of your salon, opening hours are generally 9 - 5 or 6 6 days a week, always ensure 1 of you are working never leave a new business in the hands of staff as it is not their baby and they dont care about the running as much as you would, I never hire a trainee until salon is making money if it can be avoided, go to local college and see about getting some work placement students who will work 1 day a week and they don't get paid also a Saturday girl as this will generally be your busiest day, do some research in your area what are other salons charging what services do they offer, try to come up with vouchers or leaflets offering reduction to get people through the door also an opening night is good offer champaign wine, gift bags and try to get the press involved for maximum exposure. free client consultations, if possible open to gents also, you want to offer, cut and blow dry, cut and colour, semi permanent permanent colouring hi lighting t zone half head full head, stripping colour, perming, wash and blow dry, permanent straightening, hair ups, bridal packages, offer a walk in service at least until you start to fill up with appointments I started with a walk in service this generated 70% of my start up business.
Dont forget add vat onto your services and dont go straight in with expensive services try to get the prices as low as possible but with enough profit to cover your overheads, remember where not in the best financial climate and people are looking for bargains. i did a storm at christmas offering cut and colour at £50 for all services ie. hi lights full head colour including cut and blow dry. hope this helps
source(s):
my own knowledge i am a hairdresser
my own knowledge i am a hairdresser
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
