How to Open a Nail Salon
Business Overview:
Having a manicure and pedicure can bring such pleasure to people, but did you know profit can abound when you learn how to open a nail salon of your own? Starting a nail salon is a great business idea for the right entrepreneur, and one that has stayed strong despite changing economic times. Here’s the basic idea of an effective nail salon business plan: Beyond the obvious business license, insurance and operating permits, you will need to rent a commercial space to house your salon. It need not be too large because the equipment can be fairly minimal in this business. Next, you will want to select your equipment—tables, chairs, nail polishes and supplies. Finally, you will need your nail technicians. It is important that every employee who works on your customers has a beautician’s license that is up to date and that includes manicures and pedicures as part of the accreditation. With an attractive ambience and a competitively priced menu of nail services, your business will have customers almost immediately. This is the simplest way of opening a nail salon, but from there you can easily build your menu of services to include body treatments (massages, waxing, and other spa treats) and improve your equipment to include the latest and greatest gear (like bubbling footbaths and therapeutic chairs). Initially, though, with good nail technicians and an array of polish options, you’ll have all you need to start a nail salon that is successful.
A Day in the Life of a Nail Salon Business Owner:
Once your business is up and running, your typical day will consist of high-level management; you might spend a part of your day at the salon ensuring things are running smoothly while the rest of your time can be spent behind-the-scenes making supply purchases, reviewing financial records, and considering how to increase your revenue. If you choose to be more hands-on and you are also a licensed beauty technician, you might also work on customers and make yourself part of the day-to-day work in the salon. Whichever way you decide to run your business, you will likely find yourself in a lucrative and enjoyable business venture with a perk: You’ll always have great-looking nails.
About Your Customers:
Your customers will span both genders and every age group, especially as the idea of having a manicure and pedicure is now so mainstream. If you create your menu of services effectively, you might find yourself with customers like pre-wedding bridal parties, groups of young girls out for a birthday party, and women and men of all ages seeking the pleasure and attractive outcome of getting a manicure and pedicure. Offer them a relaxing environment and a little slice of heaven for a great price, and you’ll find yourself with more customers than nail stations.
What You Need to Start:
- A storefront location set up in a nail salon fashion
- Business license, insurance, and permit
- Licensed nail technicians
- A wide variety of nail colors and manicure supplies
- A menu of salon services
- Financial-tracking software
The Good:
- This business can be lucrative and enjoyable for someone interested in the field of nail salon services.
- Once started, the business owner can take a backseat to the daily workings of the salon.
- You can jump into a franchise opportunity or even open more than one of your own salons as your business experience—and salon reputation—grows.
- The business holds steady through changing economic times.
The Bad:
- The business requires a substantial startup investment.
- It can be very time-consuming in the beginning as you setup and initially run the business.
Resources:
- Professional Beauty Association
- Salon and Spa Association
- Bureau of Labor Statistics on Barbers, Cosmetologists and Other Personal Appearance Workers
- Wikipedia on Nail Salon
About The Author
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