There are lots of technical details that play into going solo, and there are a lot of things that you need to get straightened out before you start. But in the end, it’s all about your character. How much do you know about operating a business, and how hard will you work to get there? Even if you have a killer business plan and a phenomenal customer base, your venture will ultimately fail if you’re not willing to work. With that in mind, here are the top four signs that you’re ready to become an entrepreneur.
Entrepreneur hairstylist cutting hair in his salon.
You’re ready to work hard. Entrepreneurs don’t become successful overnight! It takes months, and sometimes years, of work to build up a steady customer flow and make a decent living from your own business. Are you willing to stick it out for the long run?
You know your personal brand and how to sell it. Entrepreneurship is all about selling yourself first and your products second. Why should a potential customer select you? Having an “elevator speech” is the best way to know if you’re ready to take the plunge.
You’re financially responsible in your personal life. If you aren’t responsible for your own resources, it’s foolish to invest in purchasing equipment and products for a start-up business. Business finances are much harder than personal expenses, which is why fiscal responsibility is an essential character trait for entrepreneurs.
[tweetthis]”You need to understand yourself before you leap into entrepreneurship.” REBECCA BEARDSLEY[/tweetthis]
You have a clearly defined end goal. This doesn’t have to be in the form of a business plan or official document; the most important part of being an entrepreneur is keeping up your motivation, no matter how you do it. Whether it’s providing for your kids, paying for your marriage, or eliminating debt, you won’t be ready to start your own business until you have a reason why.
These four character traits are essential before going into business by yourself. If you’re considering starting your own salon, make sure that you have these qualities before you invest your time and money into a business venture! If you lack a few on this list, it’s perfectly OK–all you need is time to develop them. And for that process, working in a pre-existing salon might be just what you need.
If you’ve decided to work for a salon, it can be hard to choose which one. Urban and suburban areas often have a lot of options to choose from, and the process can seem overwhelming at first. But not to worry! In most cases, you can decide whether or not a salon is a good fit with just three simple questions.
Hairstylists helping each other cut a blonde girl’s hair.
What does this salon have to offer?
Of course, you need to consider pay. Sometimes the perfect rate is just handed to you, but other times you’ll need to negotiate for the price you deserve. But there are other things that can set a salon apart from the rest. Consider the benefits of working for the company, like vacation days, discounts, or health insurance. If a company is generous, it’s usually a good place to work.
[tweetthis]”Choose a salon environment that suits your nature, and you can commit to.” REBECCA BEARDSLEY[/tweetthis]
What do they expect of me?
You want to choose a job that suits your life; never build your life around a job. When you are looking into a salon, make sure to clarify what hours you’d need to work both at the beginning of your career and when you are more experienced. Many companies make new employees work harder shifts or more often, so check with your potential employer for details on when and how much you’ll have to work.
Do I enjoy the people and the environment?
When you work at a salon, the staff becomes your family. You have the opportunity to really get to know the people you work with and create lifelong relationships that can also spark your career. Before you accept any job offer, be sure to interact with the current employees. Make sure that they are the kind of people you want to have around you. The best co-workers are uplifting, open, and friendly, even when they are having a rough day on the job.
These three questions are some of the most essential things to consider when choosing a salon job. Don’t get caught unprepared and work awful hours with people you can’t stand. Instead, do a lot of research into your salon of choice, and concentrate your applications on the few salons that best suit you.
So you’re considering going solo?
Before you take out that first loan from the bank, make sure that you know all the details of what it takes to be successful on your own. If you do your research up front and create a great business plan, you have a much better chance of achieving success. With that in mind, here are 10 important parts of being your own boss that you can’t forget about.
Solo hairdresser standing in front of her chair
- Taxes. Keeping a detailed record of your expenses and income is crucial for staying both legal and successful. Before you get started, figure out your best strategy for staying organized.
- Licenses. Make sure you have all of the licenses, whether business or hair related, required to operate in your state. This will most likely include an LLC licensing to protect your business property from lawsuits or damage.
- Clientele. When you switch to your own business, you can expect to lose some of your clients. Have a plan for how you will retain your clients and keep up your business flow.
- Booking. Online booking systems are essential for success in today’s technological world. Do some research about the best systems and software for your size and goals.
- Products. As you know, salons spend a hefty portion of their budget on products. Choose your products wisely, and see if you can find any promotion deals.
- Marketing. How are you going to make up for the customers who left when you switched business platforms? The answer to this question will dictate how you run your business in the early stages, so be sure to have a clear marketing strategy.
- Staff. You’ll need to decide whether or not you want to work alone. You can take on a partner to start a company together, or you can hire new people later in the game. Whichever path you choose, you need a plan from the beginning.
- Savings. Set up accounts to keep your money secure. Don’t put it all into a checking account; instead, establish a savings account to keep your finances secure for a rainy day.
- Training. You have all of the hair styling skills necessary to run your business, but what about financial, marketing, and customer service skills? Don’t be afraid to invest some capital into a training class in your weak areas.
- Planning. Have a long-term plan before you spend a dollar on your business; make sure you know where you are going and how you’re getting there.
These 10 things are the most essential parts of starting a new business, and letting just one slip through the cracks can be a disaster. Spend a lot of time up-front making sure that you are ready to go solo, and your business will profit long-term.
In your hairdressing career, one of the most important choices to make is where you will work. Some professionals choose to work for a pre-existing salon, whether a chain or a local businesses. But others decide to create their own opportunity by going solo. Here are three important questions to ask yourself that can help you determine what’s right for you.
2 female hair stylists doing clients hair at a hair salon. (more…)
Life presents beautiful convergences and happenstance along its pathways. What happens when you are a budding or seasoned stylist and reach a defining moment? Who comprises your support system? Who provides advice to you at critical stages?
Most people turn to their parents at pivotal junctures in life because it is natural for children to look for parental approval. After all, parents guide their children from birth onwards and know not only who their children are as adults, but the person’s inner child.
When should you seek parental advice and how big of a role must it play in your decision?
Obviously, don’t search for parental advice if you they were abusive, absent, or you are otherwise estranged. If you have a healthy relationship, run the situation past them. Parents are fantastic at linking your best interests with your course of action. They tend to support what is best for their child; it’s just an instinct. If your parents play a financial role within your life, you have a little less wiggle room.
[tweetthis]”There comes a time when you realize your parents may know better.” REBECCA BEARDSLEY[/tweetthis]
They are also individuals themselves with their own attitudes, traditions, and values. There comes a point in many people’s lives where they build their own identity, irregardless of what an older generation finds acceptable. Parental advice carries more weight when it’s linked to financial ties or in certain cultures, but you are still in control of your destiny. After all, where there’s a will, there’s a way!
How do you approach your parents for advice?
As with looking for advice from anyone, approach them at a quiet, convenient time. It’s never an idea to ask your parents, say, whether they think you need to buy your dream home while on the middle of a crowded interstate. Pick a time when people aren’t stressed out from external circumstances, so they focus on what you’re saying and participate in the conversation.
Arriving at a crossroads, or anticipating a change of direction, is deeply personal rollercoaster. Often, we naturally seek out the advice and guidance of those in our lives. Crossroads represent major turning points since no one possesses magical powers or genie bottles for predicting the future. When we reach a turning point, we like to bounce off ideas to those closest in our life, such as boyfriends, spouses, or partners. Since crossroads are often personal journeys, when is it appropriate to heed the advice of others?