Cutting edge styles and color can help give your hair salon its unique identity.
You have been successful at working at salons as a hair stylist and have developed your own loyal client base. Now you may be considering opening your own salon. You have a few options. If you have capital to pay for a name that is known and reputable, you can open a franchise hair salon. You also can consider keeping your eyes open for a good price to purchase an existing salon. Or, start your own salon from scratch using your own hard work and talent. Whichever route you choose, writing a business proposal will help you identify the direction and feasibility of your hair salon business.
Instructions
1. Develop a mission statement as the direction of your hair salon. Identify the types of clients you will serve, the services you will provide, such as cutting, styling and coloring, as well as other areas such as facial grooming and hair extensions. Include product sales as an additional benefit to draw customers to your salon. Research the location and space to suit your capacity.
2. Describe the operations of your business, including a staffing plan, budget and administration, and marketing. Plan to hire stylists that have an extensive client base to build your client base. Consider both full-time stylists as well as on contract. Consider allowing a stylist to bring her own supplies while using your space and equipment and paying you a monthly fee. Plant to hire hair washers and secretarial staff as your business grows.
3. Develop cash flow projections. Estimate the number of clients per month with notes of how you arrived at those numbers. List your monthly expenses, including rent, supplies, marketing, insurance and in-house training to promote cutting-edge styles. Renting space with approximately five chairs and five stylists is a good start for which you will need about 1,000 square feet of space, the cost of which will vary depending on the area.
Tags: hair salon, client base, your hair, your hair salon, your salon, using your