Blog

Owning a beauty salon: challenges and potential risks

Tues, 31 Dec.

Running a successful hair salon demands information, attention, control and improvement. First, you have to know the field very well while keeping up with the ever-changing trends. You have to consider your area of action when making important decisions concerning your business. For instance, you probably shouldn’t hire staff experts in the latest dyeing techniques if you’re in a part of town mostly populated by college students who simply cannot afford pricey services and instead, prefer simple and affordable hairstyles. Or, older ones who will always choose a traditional look instead of a modern hairstyle. Secondly, you have to pay close attention to your clients. Their reaction will tell you everything you need to know after receiving a service in your beauty salon. For instance, they may come, ask for a haircut, and say that they love it while leaving your salon in disappointment and deciding that they will never return. You have to become a master at reading facial expression or body language if you want to know the real opinion of your customers regarding the services receives at your beauty salon. Thirdly, you should always seek to improve your business.

The challenges of running a beauty salon

Indeed, as a business owner, you have many obligations and responsibilities that you need to accomplish. Nevertheless, as a beauty salon owner, you also face many challenges that require using your creativity and ingenuity. As mentioned above, one of those challenges is keeping up with the fashion and styling trends that are constantly evolving. This is very important because you have to be able to provide guidance and advice for your customers in order to meet their standards. You have to be aware that some of the younger clients will come to you with high requirements and you need to have the right answers to their questions and demands. Of course, when you run a beauty salon, finding the time for this might be difficult, but not impossible. The second challenge is bringing something new to the table. The reality is that you are competing with large companies and big brands, which means that you must find a way to differentiate yourself from them and stand out on the market. You probably offer hair products in your salon to your clients but they can purchase the same products from any supermarket or online shop nowadays meaning that you need to step up your game. The last challenge is keeping current customers and attracting new ones at the same time.

How to manage potential risks of owning a beauty salon

Peaks and troughs fill every pathway towards success, which means that you cannot expect to win something without encountering certain obstacles on the way. The sad truth is that many businesses do not even survive the first year on the market, due to multiple reasons. The most important thing is that you can avoid this unfortunate outcome by taking certain precautions and minimizing the potential risks. Do not hesitate when it comes to investing in greater education for your staff and yourself, communicating with experts in the field, creating and strictly following a business plan and a risk management plan.

David Sanderson
MyCuts Founder

Organizing your hair salon inventory properly

Tues, 30 Nov.

If you own a hair salon, you should already know how difficult it is to track each and every matter related to organizing both your employees and your stocks. Keeping your inventory full of the right kind of products at all times might represent the biggest problem you’ll encounter as a manager. The idea becomes even more important when talking about a hair salon, where each nuance of hair dye, each shampoo used, and every type of product is paramount for obtaining the right kind of results and for making the client happy. This article is meant to present some methods that might help you out with organizing your hair salon inventory the way you should. Read below a series of tips and tricks you’ll definitely want to try this year.

Mapping and labeling

In order to keep your inventory organized at all times, it is absolutely necessary to implement a mapping/labeling system. Without it, employees will get lost between so many products and there is a possibility that they might make some irreparable mistakes. A client that desires to obtain a certain hair color will be more than disappointed to find out that the product used is not the appropriate one. When mapping every sector of your inventory, you’ll highly reduce the risk of mistaking items. Adding labels all around will help your employees by making it easier to find certain items and will also help you know when you are running out of a certain product.

Inventory management apps

Since technology is now taking over many industries, you can make good use of that and search for a hair salon app that could help you with both managing your inventory and your appointments. Hiring someone to take care of these tasks for you is costly and often inefficient. This is the main reason why replacing the traditional manual agenda with an app that can keep track of all these things for you is essential. Reducing human errors and costs would be ideal for any company, especially for a hair salon where each mistake can represent a huge disadvantage for the owner.

Shelving

Talking about the actual place where you store the inventory of your hair salon, it is highly important to make sure that it is physically organized properly. For instance, if you haven't already, add multiple shelves to your inventory room and keep everything labeled per shelf. This won’t require a huge investment, but the results will be evident. Try this and you’ll definitely be glad that you did it. Shelving is a great way to keep everything where it is supposed to be, this way reducing the risk of making mistakes tremendously. When all the products are stored in one single place, with no visible categorization, it takes time and attention to choose exactly what the client needs. With separated shelves, this won’t represent an issue anymore.

David Sanderson
MyCuts Founder