12 March 2014
The NHBF has published a series of online start-up guides to help hairdressing, barbering and beauty entrepreneurs take the plunge and launch their own businesses.
With government figures suggesting as many as 20% of start-ups fail within their first year, and half fail within three years, it’s important to really think through what’s involved in running a business.
The free NHBF guides, which can be found at http://www.nhf.info/salon-start-up-documents/, set out practical tips and advice on how to get started. They also encourage would-be salon owners to think about how they will build a profitable and long-term successful business once their salon is up and running.
The guides, for hairdressing, beauty and barbering, cover topics including:
- how to get started
- effective market research
- renting vs buying
- fitting out your salon
- writing a business plan
- accessing finance
- taxes, VAT and accounting
- managing your staff
- sustaining momentum and taking your salon to the next level
NHBF chief executive Hilary Hall said:
The economy may be recovering but it is still tough on the high street, which makes it all the more important start-ups do their homework to maximise their chances of success.
At the NHBF we want to encourage businesses to do things properly right from the start. Being a great hairdresser, barber or beautician is not by itself a guarantee of success anymore. If you’re serious about going into business, these three guides outline the things you need to be thinking about and planning for well in advance.
The NHBF also runs training programmes around the UK on how to make your salon more profitable, managing yourself and your team and delivering a consistently great client experience. Whether your business is new or has been running for years, it’s great to share ideas and top tips for success with expert trainers and other salon owners.”