Open a Hair Salon: The Ultimate Guide
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DEFINE YOUR BUSINESS
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Select a hair salon business model
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Employee-based
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Booth/station rental
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Identify what makes your salon unique
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Identify your key target market(s)
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Define the salon’s culture
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Select salon business name
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Decide on your salon service offerings
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PLAN YOUR BUSINESS
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Organize finances
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Create salon goals
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Set a budget
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Elevate financing needs/options
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Finalize service pricing
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Identify start-up costs
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Operational costs
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Booking and CMS software - http://heymt.com/salonopen
See description -
Accounting software
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Website (design, development, domain & hosting)
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Workstation furniture
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Waiting area furniture
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Hair stylist equipment and tools
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Salon lighting
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Towels and smocks
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Sink basins
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Laundering solution
See description -
Plumbers, electricians & handymen costs
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Salon decor
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Consumer product inventory
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Purchase backbar order
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Identify ongoing costs
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Lease or mortgage payment
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Labor costs (i.e. wages, payroll taxes)
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Utility bills (power, security, water, waste, etc.)
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Internet/phone bill
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General maintenance & repairs
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Booking and CMS software
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Accounting software
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Credit card processing fees
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POS/Terminal
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Website maintenance - http://heymt.com/salonopenmarketing
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Marketing costs - http://heymt.com/salonopenmarketing
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CHOOSE BUSINESS LOCATION
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Dedicate substantial time for location search
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Submit LOI (letter of intent) and application
See description -
SETUP YOUR BUSINESS (Paperwork)
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Get salon\'s Employer Identification Number (EIN)
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Register for state and federal taxes
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Open business bank account and credit card
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Setup a business accounting process
See description -
Obtain permits and licenses
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Cosmetologist license
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State & local business license
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Get certificate of occupancy
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Get resale certificate
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Get business insurance
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Join trade organization
See description -
SETUP YOUR BUSINESS (Physical Location)
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Contact utility providers (power, security, water, waste, etc.)
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Hire any required contractors/sub-contractors
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Order salon equipment and supplies
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Purchase salon outdoor/indoor signage
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HIRE FOR YOUR BUSINESS
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Identify best hiring channels
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Create a list of all needed positions
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Create stylist training plan
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Post jobs listings for team members
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Interview & hire team members
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Schedule & train staff on salon processes
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PROMOTE YOUR BUSINESS
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Develop & launch website - http://heymt.com/salonopenmarketing
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Develop a marketing strategy
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Create social media account(s)
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Finalize branding
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Print business cards & other collateral
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Setup search engine info
See description -
Connect website to online booking software
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Grand opening marketing strategy - http://heymt.com/salonopenmarketing
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Post flyers in local businesses
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Reach out to local publications
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OPEN YOUR BUSINESS!!!!
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Crush it!