Hair care has been around as long as humans have been on the planet. The earliest record of personal hair care dates back 2.5 million years ago, when brushes used to create cave paintings in Spain and France were adapted for use in hair grooming. Interestingly, many of the innovations in hair design that are still used today originated in the late 19th century.
According to 2002 statistics, there were 1.4 million personal care services in the United States, 313,000 of which were beauty and hair salons. The hair salon service industry alone had revenues of $55.9 billion, while salon product sales were $5.5 billion. Coloring alone brought in $10.4 billion for the beauty industry in 2002.
The biggest single customer group is the baby boomer generation, who by the way now constitute the largest population segment in America, and who are more than willing to spend money on a hair care services.
What this means is that the prospects for owners of hair care businesses are solid and strong. The 2003 Job Demand Survey, distributed by the National Accrediting Commission of Cosmetology Arts and Sciences, indicated that average total income (including tips) for salon owners was $53,150 per year.
There are three ways you can enter the hair industry. You can open a franchise hair salon, in which you pay money upfront to use someone else's established name and resources such as advertising campaigns. You can buy an established salon from someone who is retiring from the business or has damaged the business and is forced into bankruptcy. Thirdly, you could establish your own salon.
So what does it take to be a successful salon entrepreneur? First, it helps to be a risk taker, you have to be willing to try anything to succeed, you have to have determination and an entrepreneurial mind-set to be successful and you need to have a vision and goals for your business long term.
Learn more about owning your own hair salon business: http://www.hjventures.com/hair-salon -business-plans.html
Howard Schwartz is a partner in several business strategy groups, including HJ Ventures International, Inc. Howard has worked with hundreds of entrepreneurs worldwide with a focus on writing business plans for companies interested in raising capital from Venture Funds and Angel Investors. Howard's business plans have secured several million dollars in funding. http://www.hjventures.com
At an International Franchising Symposium in London, Peter Holt made... Read More
I think it's fair to say that not everyone is... Read More
Entrepreneurship is a great magnet to deliver new ideas, unique... Read More
If you want to compete in the world of high... Read More
Any time you make changes in your life you are... Read More
Summary: Even with a wide variety of sources available, coming... Read More
Franchises offer the first time business owner a proven and... Read More
If your company is like the one I work for,... Read More
Why, exactly, do you want to go into business for... Read More
If you have seen me speak you will know that... Read More
Franchising Trade Journals do not do well, because today with... Read More
Whether you are just starting your business or focusing on... Read More
Times are tough. The economy is in a constant state... Read More
Entrepreneurial e-gnorancePart 1: Questions for the entrepreneur to beIf you... Read More
Making the financial transition from paid employment to earning a... Read More
What to Look Out For:Copyright - you absolutely must check... Read More
Who would ever have imagined that going door-to-door in my... Read More
The first step in deciding whether to start a business... Read More
This year, over 800,000 of the approximately 2,000,000 start up... Read More
All franchised companies must have Territory Limitations to maintain the... Read More
As a first time entrepreneur, there are a variety of... Read More
With the economic downturn, students in all the major business... Read More
As I awaken with the gift of yet another day... Read More
I hear it all the time. "What should I do... Read More
Dwight Payne and Gary Heap reside in Santa Barbara, CA,... Read More
Use this comprehensive checklist to plan each step of your... Read More
You have this burning desire you want to be on... Read More
It never ceases to amaze me. Almost everyone peers into... Read More
One of the most important benefits employed people enjoy is... Read More
7 Financial Strategies for Transitioning from Salaried to SoloA 40's... Read More
I have worked in the credit industry for over 17... Read More
Many people who set up as consultants never make more... Read More
What seems like a century ago, I left school and... Read More
So you had that fantastic business idea, the one that's... Read More
Running a one-person business is a creative, flexible and challenging... Read More
Frequently overlooked and hidden deep within our marketing tool box... Read More
It always amazes me when I see someone on television... Read More
Okay, I'll begin by telling you that I've been divorced... Read More
If you want to make big money, you have to... Read More
The "spark" for many entrepreneurs is seeing an opportunity that... Read More
The term "Infopreneur" is a relatively new industry buzz word... Read More
If you want to grow your micro-business (defined as a... Read More
If you look up the definition of hero in Webster's,... Read More
The world sure has changed in the last two-decades hasn't... Read More
You should wait until you're older and have more business... Read More
I sat watching a documentary on U.S. Navy SEAL Team... Read More
? Beginners often rush into business without any planning.? Unless... Read More
As more and more people start or consider starting their... Read More
The morning sun sheds its brilliance and warmth... Read More
It's your first business or the next Great Idea in... Read More
I am going to begin this article by sharing a... Read More
We've all seen the hype: "We'll put your plan in... Read More
Hello Creative Entrepreneurs!Thought for the day:"It is not easy being... Read More
Does A Franchise Meet Your Needs?When you think of becoming... Read More
The long-term outlook for the Mobile Car Washing industry is... Read More
I've seen terrible images today on the television and internet-bodies... Read More
The Department of Labor predicts that the #1 employer in... Read More
Does the idea of running your own business sound exciting?... Read More
Hey!Many of you might disagree and I'm prepared for that.Many... Read More
Define for yourself what an Entrepreneur is:What makes you think... Read More
Not everyone is cut out to run a business. Not... Read More
Does it seem like everyone and everything is vying for... Read More
I'm convinced that asking the right questions is one of... Read More
In the early days of my first consulting business, I... Read More
I'm sure that you've heard about how many start up... Read More
While it is tempting to just leap into a new... Read More
Entrepreneur |