Owning a hair salon is a very lucrative business in Lagos. It was popularly believed to be dominated by women. But recent events show that guys can do even better. It is a business that can be done on the side or full time depending on your availability, goals and projection. It is also a business one can start even if you do not possess hair making skills.
Hair salon business is an enterprise that hardly runs out of customers at any time of the day. It is frequently patronized by individuals who take delight in looking good at all times. Some are ready to go the extra length just to look attractive.
With a good business head on your neck and great hiring skills, you may be on the way to owning a lucrative hair salon in Lagos thus improving your life and making you an employer of labor.
Are you interested in starting a hair salon business? Do you want to learn what it takes to setup a hair stylist salon? Do you need a hair salon business plan template? Below is a detailed hair salon business plan.
1. Acquire as much knowledge the hair salon business
In business, knowledge is not just power but also a strong competitive advantage. To succeed as a hair stylist entrepreneur, you must know everything that needs to be known about the business. You must know about the human or women’s hair, you must know a little about beauty care, you must know how to run a hair salon business and you must also be well informed about fashion in general.
2. Get the needed skills
To run a successful hair salon business, you need skills. It is even advisable you know how to style and dress hairs but that is not too important as you can always employ capable hands to do the job. More important than the technical skills or hair styling and dressing, you need business skills such as accounting, marketing, management, customer service, sales, negotiation, networking skills, etc.
3. Write a Business Plan
To start a business, a small business plan is crucial. The purpose of a business plan is to guide you through the process of setting up your business. Also, many banks or financing organizations require a business plan before they lend you the funds to start your business. There is no business exempted from requiring a business plan even a hair salon, no matter how small, will need one. Usually, there are people you can hire to write your business plan for you but if you don’t know anybody or you are not willing to pay for a service like that, there is always a sample hair salon business plan template available on the web that you can refer to.
4. Seek the most profitable location for your business
The location of your shop must be in a place where people frequently pass by. Avoid placing your shop where many competitors exist – this is to prevent any possible difficulties during your business’ launch.
5. Employ professional and skillful personnel
If your goal is to become a successful hair stylist and business owner, then you are going to need extra talented hands. The beauticians you must hire must be licensed, skilled and experienced. It is also advisable to create a manual and contract for your future workers before you start hiring.
6. Hire an interior designer to make your shop look clean and beautiful
This will help you convince the health inspector to give you a business permit immediately. And since you are entering the beauty industry, it is essential that your shop is clean and beautiful to attract customers.
7. Advertise through the power of viva voce (word of mouth)
Word of mouth is the most effective technique when it comes to advertising and marketing. You can start by providing free or discounted services during the first days or week of your shop to get more customers to know you. Letting many people know your existence will raise the awareness of the people around you about your presence.
In conclusion, I believe that these tips on starting a hair salon business would surely get your dream shop running in no time. Just make sure you take note of the points above and implement them; and I will see you at the top.