Booth renters in beauty salons dream about owning their own salon. According to Lambie Slay in the video, there’s a lot to owning your own place as opposed to salon spaces for rent. Here’s what you should know.
You’ve got more going on owning your space than you did renting a booth. Lock it down with contracts: begin with 30-day probationary contracts, then move on to a 90-day contract.
If you both like each other, then extend the contract.
If you have a barber in your space or nail technicians, facial professionals, and others, ensure they’ve licenses or you’ll be legally liable. Remember the Health Department keeps an eye out for the unsanitary, so you’ll be liable for your booth renters’ unsavory habits.
The bank deposit can be replaced. You can’t. If you close at night, walk out with your last client (even if you leave a dirty store.) Ask a friend, spouse, or cop to follow you to the bank. Keep a monitoring app on your phone to watch over the store day and night.
Potential clients need to know you’re there, so hit the Internet big time. Even a one page, freebie website will get customers to notice you. Social media messages and videos go a long way. You might not believe it, but simple yard signs waving in the breeze catch the eye.
It’s a lot of work owning your own space. However, it can be satisfying as well as profitable to step outside your salon spaces for rent. With these management tips, you got this!