If you love hairdressing, making people feel better and can thrive in a paced environment then hair stylist studio business idea is suitable for you. Get the benefits of this highly lucrative business opportunity and earn thousands of dollars by offering salon services and products.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
THE BUSINESS IDEA
If you love hairdressing, making people feel better and can thrive in a paced environment, then hair stylist business is suitable for you. As a hair stylist, you will be offering different hair salon services. Apart from your experience, communication and customer service skills will play an important role.
You can specialize in a single niche or offer different services including, hair cutting, shampooing, blow drying, hair coloring, facial and makeup services, beauty and hair products, and massage services. If you will offer more services, you will get an edge over the competition. Offer makeover services for bridal showers, birthday parties, bachelorette parties and girls’ night out.
Smart and effective marketing approaches will play an essential role in growing your business. Advertisement in local newspaper and radio is a good option. This is a type of business that will require customer retention. So, develop a customer reward system to offer special discounts for regular customers.
Provide further discounts to the clients who refer others to you. An additional benefit of this business idea is that you can become sale representative of a beauty company and sell its products through your salon. This will not only increase your income, but you will also be able to provide a wide range of services.
Hair cutting and grooming is a universal need. You will be fulfilling hair maintenance and styling needs of kids, men and women. Women spend more on hair grooming then men. Thus, you should target female population in your marketing strategy.
- Shop: In popular malls or at a prominent and accessible location in community or town. You will need capable staff, eye-catching décor, and comfortable seating.
- Mobile Salon: To offer hair salon services at hospitals and old-age homes since some of the customers can’t travel to shop because of different illnesses.
In-Home Salon: Home-based hair salon will enable you to allocate a specific portion of home for business. This will save rent expenses. Suitable as home business or part-time idea during COVID-19 pandemic.
- Social Media: You can also use social media platforms to promote your business, such as YouTube marketing and Facebook posts.
The startup cost for hair stylist studio business idea is high. However, you can get a huge profit since this business never stops. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- This business offers satisfaction and flexibility. Hairstylist business requires less time to grow
- Grooming and hair services are universal need so you will be getting customers every day
- You will be receiving cash money as payment of your services
- High startup investment with huge profit potential