So you want to start a hair salon business? Start researching so you can write a killer business plan!

By Jeff Lippincott

QUESTION.
I would like to  start a hair salon buisness. How do I get the licensing and regulations on starting a salon buisness? How do write a proposal for a small buisness grant?  And how to keep the business financally stable?

ANSWER.
SCORE offers two kinds of counseling. One is email counseling (the type you are seeking now). The other is face-to-face counseling. I recommend you contact your local SCORE chapter and schedule a face-to-face session with two SCORE volunteers. Visit the following link (see http://www.score.org/findscore/chapter_maps.html) and enter your home zip code in the appropriate space to find your local SCORE.
 
Before you call to make an appointment I recommend you find, read and study the following book. See
 
HOW TO START A BUSINESS IN YOUR STATE ONE

HOW TO START A BUSINESS IN YOUR STATE TWO

Make sure to read the book review I wrote for it at Amazon.
 
Two more links that might interest you. See

PICK A BUSINESS, CREATE A BUSINESS PLAN, AND START IT SOON 
 
HOW TO WRITE A BUSINESS PLAN
 
Consider consulting your public library to find the following reference collection. See
 
BUSINESS PLANS HANDBOOK
 
Volume 6 has a sample business plan for a hair salon. Try to search it out. I also recommend you read as many of the sample business plans in the collection to help you get a feel for what a business plan is all about.
 
I’m 99% sure you aren’t going to get any grants. But you may end up applying for a small business loan and you will need a stellar business plan to get any money from a bank. The local SCORE counselors should be able to point you in the right direction to get the license you need.
 
I hope my comments are helpful to you. Good luck! Regards, -Jeff
 
Jeff Lippincott
SCORE.org Counselor
Princeton, NJ
scoreprinceton @ aol.com
www.scoreprinceton.org
www.jlippin.com

2 Responses to “So you want to start a hair salon business? Start researching so you can write a killer business plan!”

  1. James Dukich Says:

    Dear Mr. Lippincott,
    My name is James Dukich, and I am trying to research how to write up a proposal for federal grant to start a small business. I know this business venture would bring employment opportunities for the unemployed, and create a safe environment for families to spend quality time together. The town I live in, is small, and there are a lot of kids that have nothing to do. The reason the kids in this town are getting out of hand is sheer boredom. The reason their bored is because this town has been know to have more bars and a bunch of drunks, instead of popular hangouts for preteens and teens to do things constructive instead of destructive. I realize that this idea to start a small business is going to take a while to get started, and there will probably be alot of set backs, yet I truly feel in my heart that if I don’t go with my dream for a better life for my family, then I will have failed before I even tried. I am going to find the score chapter in my area and schedule to meet with them and discuss this in further detail. I am going to continue to research on how to achieve my goal of getting grants and loans to start a business. If there is anything advise or information that you can provide me with, I would really appreciate it. Thank you for taking the time to read this, and for your website.

    sincerely,
    James Dukich

    • Jeff Lippincott Says:

      I doubt you will find a federal grant to apply for. And even if you did I doubt it would be granted for a startup. Government money is tight today. And it cannot afford to throw money at pipedreams – what most startups are.

      If you want to start a small business, then you will need to do some investigation and research in order to write a sound business plan. Get three books at your public library on how to write a business plan and you should be able to write a good plan. Contact your local SCORE chapter to schedule a face-to-face meeting with two SCORE volunteers to discuss the first draft of your business plan. Find your local chapter by using your home zip code and the link at SCORE.org’s homepage. The meetings are free.

      You need a business plan to know if you have a sound and profitable business to start and operate. And you need to the plan in order to know how much startup capital will be required to get the business up and running before it started making a profit. If you need startup capital, then you will need the plan when seeking funds from a bank or investors.

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