#SalonManagement@LTA Speeding Up for Success after Failure of #Salon & SPA Business
Speeding Up for Success after Failure of #Salon & SPA Business
Beauty and wellness industry have become the most flourishing and growing business compared to other industries. Three words that best describes of owning a successful and profitable #beauty business are apathy, change, and turmoil. Salon owners are facing many challenges and obstacles because of changing and competitive environment.
The increasing excessive income, need of presenting oneself well coupled with beauty and health consciousness as well as psychological benefits are a few reasons why this industry is a lucrative one.
Every day there are hundreds of salons, SPAs, and #beauty clinics emerging all across the country to take advantage of this popular trend. While we have several great reasons to believe salon and SPA business will succeed, also it’s true that 80% of such mushrooming units do not survive beyond 2 years. The others do not cross even 1000 days. Some of the challenges of owning a successful #career in beauty are a lack of business management skills, increasing competition, lack of information, turnover, obsolete education system and lots more.
So who is at fault? What’s the reason that salons and spas are closing down their business in large numbers? Is it not an interesting profession or a non-viable business? The new generation of young salon owners and hairdressers are especially vulnerable during these difficult times.
As per my belief and judgment, the truth is neither of the above. The only reason of an unsuccessful salon and spa is impulsive failure to apply sound management of practices and methods. 95% of non-corporate salon business do not realize the necessity of taking training on the science of managing a business.
They tend to assume that if you are a trained and qualified beauty therapist, hairdresser, have knowledge in SPA and makeup or hire a technical staff and put a decent looking salon, it will definitely work. This is one of the biggest mistakes most of the professionals make.
Chill! No worries! In my multi-blog series, I’ll love to share with you some of the essential and far-reaching salon and SPA management practices before you plunge into this business. I guess it’s not too late to imbibe these skills now for a rewarding business in the future. #LTASchoolofBeauty wishing you success and better luck!
Keep watching this space
Vaishali k shah
Founder director, LTA school of beauty
Beauty Skill Expert