If you’re looking to open a hair salon, you’re in for quite the challenge. There is such a huge variety of hair salons and spas in the United States today, it seems there are seventeen that cater to every demographic imaginable. You’ll need a truly state­of­the­art business plan in order to slice through the competition and bring your salon to the attention of potential backers.

 

Here are a few tips for designing a killer hair salon business plan.

 

How much know­how do you bring to the table? How qualified is your roster of key staff members? Be sure that when describing your personnel, you harp upon each of their most impressive qualifications and detail their years of experience, any special training and outstanding personal skill.

 

Sell your location. Got a weird spot by the side of the highway? Emphasize your plans for advertising. Lucked out and scored a high ­traffic location in a trendy part of town? Hammer that tidbit home. 

 

Know exactly how you’re going to defeat the competition. This means having a full, detailed “Competition” section as well as a solid mission statement. You’ll need to know without a doubt A: what your business is up against and B: what exactly your salon will bring to the table that others will not.