One of the main reasons as to why people get into the salon business, well, any business for that matter, is because they think it is going to give them financial freedom. It gives them the belief that they are no longer going to be a slave to an employer. It gives them the belief that they are going to have the money that they need to do anything that they want. These people fail to realize that this is not the case most of the time. In fact, if you are after freedom then you may be better off working for somebody that is not yourself.
People pour thousands, if not hundreds of thousands of dollars into getting a business up and running. The sad fact is that most of these people are never going to get their money back. They quickly discover that running a business is not as easy as they thought. They quickly realize that they are going to need to work harder than they ever have in their life. They are quickly going to realize that they need skills that they most likely do not have. Most businesses are going to fail within the first three years and it is for this very reason.
Do not expect freedom if you are getting into the salon business. You are most likely going to be working a lot harder than you would if you worked for somebody else. In fact, it is not uncommon to find people putting over fifty hours a week into running their business. What you need to realize is that you are no longer going to be just a technician. You are also going to be a boss, a marketing expert, a sales expert, the stock buyer, and so much more. This is a lot of work. The sad thing is, during the early stages of your business it is unlikely that you are going to be paid a lot. In fact, some people have described owning a business as akin to slavery.
You are not going to have the freedom that you require if you just jump into running a business with no clear goal in mind. These people are the ones that are going to find that their business is causing them all sorts of stress…even when they are not actually at work. It is not uncommon for a business owner to think about their business whilst they are on vacation or even as they drift to sleep at night. This is not healthy. It is the main reason why people quit the world of business.
What you need to realize is that running your own business should not be your goal. It should be a means to get to your goal. You are then going to structure your business around achieving what your ultimate goal is. Perhaps this is to spend more time with your family. For this goal you may wish to limit your expansion or even get in some highly skilled staff who are up to the job. If you are searching for financial freedom then you may wish to maximize your revenue streams through expansion and you may get in some staff who are able to help you with this. Basically it is all about structuring the company around your needs.
It is worth noting that it is going to take years of effort and dedication before you reap the rewards from running your own company. However, if you do it properly then this is going to be one of the most rewarding ventures. If you do it wrong then you are going to be a slave to your business and you will fail.