By Bumerang22 CC0, via Wikimedia Commons |
To become a nail salon owner you have three options.
Start the business from scratch, try franchising or purchase an existing salon.
Purchasing an
existing salon and franchising are rather price so carefully consider your
options. Secondly you are at liberty to hire nail technicians or learn the
technical skill.
Sole proprietorship business is very challenging and time
consuming. You need to balance the books, work out client schedules and fix
appointment.
A nail salon is a social business that facilitates
leisure gatherings and communal living. Startup costs for a nail salon is low
and also dependent on business structure.
You can start a salon business from home, shop environment
or go mobile. In my locality, neighborhood walk in salons are the most popular.
Opening
a Nail Salon
Types
of Nail Salons
There are different types of nail salons based on the
business template. You can start a home based nail salon or try mobile service.
Mobile nail service is highly lucrative and the
technicians charge appropriately. Common patrons for mobile nail services are
brides, traditional weddings, ceremonies and famous clients.
Another business model is establishing the salon from
scratch or buying into a franchise. If you want to purchase an established nail
salon, hire an accountant to look into the books.
Note that nobody sells a highly profitable venture if
there are no hiding challenges.
Get Trained
Make sure you acquire the perquisite training as a nail
technician. Alternatively hire only qualified technicians for your
establishment.
Services
Offered in a Nail Salon
Create a list of services you intent offering your
customers. Common services include nail art, plain coloring and wraps. Other
pedicure and manicure services such as gels, nail care and application of
acrylic nails.
Register
the Nail Salon
Select a good business name for your enterprise.
Incorporate the business as a one man business or LLC. Apply for a business
license and get insurance cover.
You need to qualify as a nail technician before starting
the business. Try to get a personal identification
number for tax reasons. The legal structure of your enterprise will determine
the liability claims.
Locating
the Nail Salon
Nail salons are community based enterprises. Therefore
the best location is densely populated urban areas.
Locating the nail
salon close to residential homes is essential to the success of your business.
Make sure the shop you rent has ample working space. Find out the zoning
formula for such commercial entities in your country.
How to
Manage your Nail Salon
Setting up the salon is half the work the real job begins
before your first customer. You need to organize and book appointments and set
operational hours.
Calculate an effective price that is competitive and
profitable. Make sure you have a POS for
card payment and accept cash.
You need to keep track of inventory, budget and balance
your books. Find a product line that offers high quality products and flexible
payment.
The product line might offer free technical assistance
and tutoring. Find supplies and buy discounted products for higher profit
margin.
Interior
décor
Invest in a befitting interior décor for your salon. Hire
a qualified interior decorator to create the best ambiance. Don’t forget the
external look and landscape.
Once you are through with the décor install equipment for
your trade. Only purchase high quality branded equipment and tools including
nail brushes, colors and products.
A good way to
attract customers is through a beautiful indoor display.
Hire
Staff
Hire dedicated salon staff with good interpersonal
skills. You need a receptionist, cleaner, qualified nail technicians and a
manager.
Marketing
Advertise your salon through print and electronic media.
Work within a budget and hire professional advertising agent for your
campaigns.
Use attractive
signage and flyers within your host community. Develop a website targeted at
your preferred demography.
Showcase your skills with photographs and client
recommendations. Include an email, telephone number and location. Provide
information on the type of services your company renders.
Conclusion
Before launching your nail salon write a business plan. Then
carry out a comprehensive feasibility study of your host community.
Choose an ideal location, hire an interior decorator and
install equipment. Register your business as a limited liability company and secure
permits and operational licenses.
Secure contracts with suppliers and actively find
discounts. Hire qualified nail technicians and other staff members. Apply
appropriate pricing and do lots of promotions and advertisement.
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