Thinking of Starting a Salon or Spa?

"Someday I am going to start up my own Spa". Have you ever heard a friend say that or maybe this has been a personal dream of yours. Well, I can understand why; Spas are a $9.4 billion business in the United States, employing more than 234,000 workers, according to the International Spa Association.

But, there’s a lot of thinking to be done before you start one of these businesses. Starting a Salon or Spa is one of those huge, life-altering events. Proper planning is the key to turning your dreams into reality.

Every year thousands of perfectly intelligent Americans jump into owning a Salon or Spa without doing all their homework. Oh sure, they've tested the market and created a business plan. They've lined up a lawyer and accountant, purchased equipment and set up a Web site. But even though they may think they've covered all the bases, surprises show up in some unusual places.

Although there isn't any way that you can guarantee that you'll become a successful owner, you can greatly improve your odds by becoming well-prepared for the task. You'll want to make sure to conduct as much research to see whether your idea is really feasible. This will involve gathering, analyzing and evaluating information to help you formulate your business goals.

Some questions to consider are:

• What product/service will you provide?
• Is your idea feasible (is it going to make money)?
• Is there a market for your product/service?
• What skills do you need?
• Who are your competitors?
• What difference will you bring to the market?
• Do you have the financial capacity?

If you go through this sort of process in great depth, your decision to proceed will be based not on so much emotional or personal interest factors but on cold hard facts. You will have already come a long way forward in the necessary mind-set of making sound business judgments, which will automatically build you a far better chance of financial survival.

Knowledge of the business, sufficient capital, and good experience,are just some of the characteristics of a successful Salon or Spa owner. Are you well-prepared for the task?

If you are struggling on whether to open a Salon or Spa; schedule an initial FREE 45 min Consultation to discuss your potential options.