Tips For Launching a Beauty Business And Being Smart About Your Resources
Ready to make 2024 the year you launch a business? If you’re tired of working as a salon employee and are motivated to become your own boss, entrepreneurship may be the most lucrative (and fulfilling) path for you. There are many perks to being a business owner, but access to startup funding is one of the most common roadblocks. If you’re interested in starting your own business but have concerns about how you’ll make it work, we’re here to offer a few tips to help you navigate the early stages. After all, Indie Salons offers far more than just salon suites for rent–we’re a network like none other! We’ve helped many of our Indies get started, and we believe in you, too. Here are a few of our top pieces of advice for successfully getting your business going while watching your resources:
Make a Detailed Business Plan
There’s no way around it: planning is an absolute must when it comes to any business. Whether you’re a stylist, nail or brow artist, or medspa professional, the planning process is the same–you need to make a roadmap of your expenses and expected income. Using your current numbers as your guide, determine a budget for rent, products, and other expenses. If you’re working as an employee or commission-based position, evaluate your current salary or income and calculate appropriate pricing for your new business. At Indie we have a Salon to Salon Suite Owner Roadmap which we can walk you through, and we can help you understand what is involved.
Find the Best Fit
Once you’ve created a budget, you’ll want to find a studio that checks as many boxes as possible, as your space is instrumental in making positive first impressions and setting the tone for your services. As an Indie, there are many strategies you can implement to help you build a profitable business.. It’s possible to share a studio here, so if you have a friend who wants in as well, it’s a win-win! In addition to multiple types of studio sharing options, we also offer our exclusive wholesale beauty supply programand rent rewards program. These programs make it possible for Indies to buy high-end beauty supplies at wholesale prices for backbar and retail and earn rent rewards with every purchase! Our program includes 20 professional product lines that cover everything from hair care, color, conditioning, specialty treatment lines, hair extensions, skincare and more.
Build Your Social Media Presence
When you need to get your business going full steam ahead, don’t underestimate the power of social media! Even if you don’t think of yourself as a social media expert, you can use this free tool to your advantage. If you don’t want to spend money on ads, you can keep it simple by identifying your target audience, selecting the best platforms, and creating a posting schedule. Of course, high-quality photos are also a must, and there are several steps you can take to ensure your photos turn out Instagram-worthy.
If you’re ready to make this the year you become your own boss, we’re here for you! We know firsthand what it takes to get your business off the ground and want to be smart with your capital and resources. When you’re ready to start touring salon suites for rent, we hope we can be your first point of contact. Once you see our incredible studios and meet our supportive team, we think you’ll see immediately why Indie Salons is the best choice. To schedule your tour of our locations in Boulder, Denver, Cherry Creek, or Lone Tree, please contact our Market Director, Kandice Meylan. You can reach Kandice via call or text at 303-792-8222 or by email at hello@indiesalons.com.
