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10 key questions

Why do I want to set up my own salon? What are the opportunities/advantages? What are the risks/disadvantages? What size ...

Calculate your costs per minute

To define your pricing in the best possible way you need to take 3 things into consideration. The required lowest price based ...

Calculate your profit

As soon as you know your annual or monthly running costs (material, overall and employee costs, including salon owners wage), yo ...

Calculate your running costs

The following 3 cost elements are important to define as accurately as possible to generate a rough calculation of how your turn ...

Choosing a broker

Most salon owners prefer to use an insurance broker for general and commercial insurance. An insurance broker will help identify ...

Create a financial plan

Consider the following steps as a basis for working out your financial needs: First of all estimate how much money you requir ...

Don’t forget to schedule your goals

"Vision without action is a daydream. Action without vision is a nightmare." (Japanese proverb) You may feel you've achieved yo ...

Financing a new salon

The more to the point and accurate the figures are the bigger the chance of preventing any unexpected surprises or payment probl ...

General introduction to legal business structures

To put your salon business on a proper footing you need to make sure that it has the right legal structure. It's worth thinking ...

Get yourself prepared

Commit your ideas to paper Write a brief summary of the ‘overall idea'. Be precise, so that someone who is not yet familiar ...

How much capital will I need?

Do I have enough capital to survive the launch phase? Financial plans are often calculated far too optimistically and your own r ...

Introduction to salon finances

Most salon owners are also hairdressers and so have made the transition from an employee working in someone else's salon to havi ...

Leasing premises

Leasing Leases typically have agreements of between three to 25 years and can offer long-term stability. However, lease lengths ...

Liability Insurance: How it works

As a salon owner, you have a legal responsibility towards your employees, customers and the public. You could be held legally l ...

Management is…

The main management skills needed for success are: People management [relationships] Financial management [cashflow] System ...

Organising your salon

Consider using these templates to structure your time, team and client records effectively: Service card Performance statis ...

Overview of legal structures

Sole trader The advantages of being a sole trader include independence, ease of set up and running and the fact that all the pr ...

Paying Tax: Outlining the basics

Tax for the self-employed Self-employed people pay tax on their business profits, not on what they pay themselves. Profit equal ...

Renting or buying?

Renting premises Renting premises suits many hairdressing salons and there is a wide range of commercial premises available. Th ...

Searching for premises

Here is a list of questions you may wish to consider when looking for a location for your salon: What are my requirements? D ...

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