Are you tired of working for someone else?
If you are reading this article, you are at the very least considering the possibility of renting a booth rental.
Before you sign on the dotted line, and take on that commitment, consider the following issues in this article, and then call us at Salon & Spa Galleria at 972-691-7300. We will give you the facts about a booth rental salon like ours.
Read on and take to heart the advice we give in this article.
Know what it means to go solo
Going solo means you have no safety net. You have no beauty salon owner funneling customers to you. You have no established business name funneling customers to you. You have your name and your ability, and that is it. And unless you have a rich uncle bankrolling you, you have no financial safety net at all.
You have no one to tell you to go to work each day. You have no one to establish your hours.
Now that may sound like heaven, but the reality is that not all people are self-starters, and you need to have a good, long talk with yourself to determine whether you are, in fact, a self-starter who can handle the pressure of being on your own.
That’s just the real of it!
Know the laws
Rent a salon suite and you instantly go from being an employee to being a sole proprietor. You go from paying taxes as an individual to paying taxes as a business. You will need to keep good books, and you will need to pay close attention to every detail of owning a business under the laws of the state and city you reside in.
Our suggestion: get an accountant and, at the very least, pay to have a chat with a business lawyer before you start.
Have a customer base
Rent a salon booth for rent and you will need a customer base. Do you have a loyal following? Do you have customers who will follow you to your new salon booth lease? If not, you’ll need to start marketing immediately. You will need business cards. You will need an aggressive marketing campaign. Are you up for the challenge?
Have a financial foundation
Very few businesses start out gangbusters! Most business owners experience a slow period when they first open for business. And there will be down periods even once you are established. Do you have a sturdy and solid financial foundation so you can weather the down periods?
Do you have what it takes?
This really is the only question worth asking? Everyone thinks it sounds so romantic and inspiring, the little guy/gal going it alone, taking on the odds, and making a huge success of themselves, but the reality is a story of hard work and determination. Do you have what it takes to succeed in a highly-competitive business? Only you can answer that question!
A word about Salon & Spa Galleria
Salon and Spa Galleria is all over Tarrant County with fourteen locations. We actually expanded during the pandemic struggles of 2020/2021, and that screams “SUCCESS.” Call us and arrange for a tour of a facility near you. We are always looking for talented and driven independent beauticians to be a part of our rental team.
