

A typical business plan usually spans three to five years. It puts across the financial success range of your business and sets out a clear roadmap for future growth. This helps you to make your mark and stand apart from your competition.Īn effective business plan should be strong, detailed and concise. Assess the type of audience you want to attract and how your business could meet their needs and fill a niche. What can you offer that no other salon does?įor example, if you want to open a hair salon, you could specialize in curl care or braiding. Consider what would make your business unique. It would be terrific to be everyone’s go-to salon for any and all services. You don’t want to be one among many in the market. But why should you open a particular type of salon in a particular location? Many refer to this reasoning as a business’ unique selling point or USP. We’ve already taken a brief look at the various services you could offer. This three-letter word can be an absolute force of change in setting up your salon and leading it to success. Keep reading to decide what could be the best option for you. You can also offer mobile services or set up a salon in your home. Some salon businesses or beauty bars offer a mix of the above services.

The beauty industry is evolving and constantly seeking new talent. Research by Statista has revealed that the US market size for beauty salons (hair, skin, nails) is $42.8 billion. How-to - 9 min read Set up your own beauty salon.
