Thinking of Owning Your Own Salon?
Here are some of the biggest challenges of salon ownership
Do you have what it takes?
Do you know what it takes?
Have you measured your strengths and weaknesses? Here is a quiz that will help you measure your strengths and weaknesses Click here.
Business planning and organization
Do you know your break even analysis
Your business plan
Legal structure
Aware of the new labor laws
Are you misclassifying your workers?
Fictitious name
Name of your salon
What are the challenges and obstacles?
Compliance guidelines — protecting both your rights and the labor law rights of yourworkers?
Are you willing to make a commitment owning your own business?
Select the right location? Your lease? Make sure you have an attorney that specializes in lease agreements.
Choosing your accountant
Your square footage
Is it affordable?
Pre-opening expenses
Your monthly expenses
Break even analysis
Where to find help
Have you clearly defined your competitive edge?
Have you defined your competitor’s competitive edge?
Give me a reason why I should patronize your business
Branding and choosing a name of your business?
Have you researched the industry you will enter?
Do you know how to select your workers?
Do you have a staff development program in place?
Do you have an employee handbook and operations manual?
What will be your legal structure?
Do you know how to balance ownership and your personal life?
Do you know what to look for when adding staff?
Do you know how to recruit top talent?
Do you have an employee training program?
How about an apprenticeship and junior stylist program?
Staff retention guidelines?
Client retention guidelines? Do you know the damage of customer loss?
Monitoring staff performance and productivity
Have you measured your staff’, referral and customer return rate?
Do you know the new labor laws
Classifying your workers properly? Do you know the consequences if you lose an audit?
Have you taken any classes on leadership training?
Avoid comingling of funds
Do you have an accountant?
Do you have a marketing plan and budget?
Do you have your own web site
Are you using all the benefits of social media?
Labor Law mandates — are you classifying your workers properly?Independent contractor, booth rental, suites, hourly pay, commission, combination commission /salary.
Other questions you need to be concerned about.
Are you prepared to maintain control of your business should an unexpected due to unforeseen challenges?
How do I combat poor work habits and negative attitudes of some staff members?
How can I implement a team culture?
How do I develop my business skills?
How to I find quality workers?
Where do I find quality education and resources?
Where can I turn for help, if needed?
How can I identify and avoid the damage of customer loss?
How can I start on a path to financial independence?
How do I develop a staff development system?
How do I develop an employee training program?
How do I implement my own apprenticeship and junior stylist system.
How do I combat staff turnover?
Do you have a cost-effective marketing and advertising progra
Do you have your own web site
We are in the tech age learn all the benefit social media
do you have a facebook business fan page?
Do you have your own you tube channel
How do I build a customer loyalty program? How to win back lost customers?
On August 24- 25 Mon. Tues I will be presenting my 2 day business seminar in Las Vegas to help you meet and overcome the above challenges. Click here.