A: I would
suggest that you go to Barnes and Nobel and purchase a book on business start
up. I think there may even be one on the beauty industry. Sit down and read… no
study that book.
We can
help you with the numbers portion but there is a fee. If I were you I would
want to know several things before I go any further:
· Who is my competition
· Where am I going to get workers
· What is the current pricing in my area
· What will I have to pay the workers
· How am I going to get clients to come to me
· What is my marketing plan
· Calendar of tasks to do before startup
· City codes/zoning requirements
· Construction costs
· Financing
· Lease versus purchase of equipment
· Knowledge of employee laws
· Preparation of employee manual
· Signage
· Payroll tax requirements
· Job duties
· Who is doing payroll
· Monthly cash flow for working capital
needs
· Breakeven point.. How many clients to I need to see just to keep the
doors open
· Computer software choices
· Grand opening planning
· Choice of products
· Initial orders
This is
not a full list but things off the top of my head. You have to know these
things of you are headed for failure. You have to have the knowledge or you
have to buy the knowledge.
Ownership
is not easy and to be quite honest not profitable at first. Trust me. I get to
deal with salons that are 12 to 18 months old that did not have a clear
understanding of what they were getting into and many times by then it is ”too
late to save the patient.
Read the book… no study the book and after you have studied if you would
like contact me we can talk.
