Starting a Hair Braiding Salon
You can easily earn INR 30,000-INR 50,000 per month by opening a Braiding Shop or a salon. Starting a braiding salon is very profitable now a days just you need a good and strong business plan and preparation. owner just need a good ,experienced and trustable employees.
When it comes to starting a business then Beauty Industry is pretty good choice. According to a survey done by Retail Analytics Firm -
It is found that The beauty industry is valued at $532 billion and is on an upward trajectory. So it is very profitable for a person to start a business in hair braiding salon, even these business are not affected during economic recession, but it is also a challenging process as we all know that in starting everyone faces struggle.
So it's a bit challenging but profitable business. Costing for starting your own business is around $62,000 for a basic setup of the salon, but it can also go up according to the setup you have done in your salon.
At first you have to make a plan to setup the salon step by step, So these steps are :
1. Firstly you have to take Licenses and permits
For opening the salon firstly you have to take all the required licenses and permits so that there will be no problem in future.If you are a seller then you need a seller's permit.
2. Real estate
You have to find land/ place for opening of the salon it can be either on rent or you can buy. If you choose to pay rent then you have to pay rent every month.
3.Inventory
if you have planned to sell the beauty products and give services too then you need to stock up your inventory before opening.
4.Insurance
For the safety and for covering up your business insurance is very important. If you want a decent amount of money for your loss insurance is must.
So these are the steps and costing process to start a salon business. keep these process in your mind before you open a salon.
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