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Why Salons And Spas Fail

Starting a business is difficult. Heck, it’s nearly impossible. It’s estimated that 80% of new businesses fail within 18 months. There are a slew of reasons for this, however there are some that are more prominent in our profession than other. If you think you may be having these problems, then it’s time to do something about them.

One big reason salons and spas fail is that they do not keep enough cash in reserve. You should have at least six months worth of operating costs saved up to make sure you can make in the beginning or in a tight spot. You need to know your clients. Many salons and spas fail to know what exactly their customers are in the market for. You may want to do avant garde hair art, but if you’re surrounded by older men and women who want the usual, you will fail. Another big pitfall for out industry is bad pricing. You need to know what your selling. “You can be the cheapest or the best, but not both”.

Finally a huge trap we often fall into is that we cannot do everything ourselves. As salon or spa owners we need to know how to hire the right help and delegate well.

For more tips follow the link below-

http://www.entrepreneur.com/article/236750

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