Some things to consider when starting your new hair extension business
1. Executive summary
One page nutshell. Your mission, your vision, your plans.
What are your aims and ambitions with your hair extension business.
2. Target market
Who are your clients? Survey people to gather demographics, interests and budgets
Define your competitors. What are their strengths and weaknesses? Will you do anything differently?
4. Human resources.
Will you work by yourself at the start? Will you need any extra staff to run your business? What will you pay them? What are their roles?
Who are your suppliers? What supplies will you be using on a regular basis? When you complete your training with us we supply you with a list of recommend hair extension suppliers. You will be able to avail of trade discounts once you are qualified.
6. Marketing plan
How will you get your services in front of your clients? Will you use social media, print advertising or word of mouth?
How are you going to run your business? Do you have a salon already? Will you rent a chair or offer mobile hair extensions?
8. Financial projections
How much money do you need to start your hair extension business? How many heads of extensions do you need to do per week/month to reach your goals? Determine the profitability of your business.