Tuesday, 17 July 2018

Lifestyle | What To Do Before Starting A Beauty Business

Are you ready to turn your passion into your career by starting a beauty business? We are going to spend the vast majority of our time working, and so it is pivotal that we spend it doing something that we love. However, as is the case with any good business idea, it needs a lot of planning and preparation to be turned into a reality. After all, the statistics regarding start-up survival do not make pretty reading. You don’t want to be just another number. With that in mind, read on to discover some of the things that you need to do before starting a beauty business.

Refine your hiring process – It can be very easy to jump in headfirst because you want to get people on board as soon as possible. However, hiring the right beauty squad is of paramount importance because business reputation is key. This is why you need to choose beauty therapists that have the qualifications necessary to carry out the tasks you are looking for. For example, a level 2 or 3 NVQ (or the equivalent) is generally what is required in the industry. For any specialist treatments, extra specific qualifications should be presented.

Make sure your finances are in good order – One of the main reasons why start-up businesses do not see the second or third year is because they run out of money. This is why you need to make sure that your finances are in excellent order before you get started. This starts by making sure all of your debt is paid off and that your credit score is positive so you can secure any business finance you may need. If you believe your credit score is incorrect or unjust, you can launch a Transunion dispute. Aside from this, make sure you set your business up correctly legally and that you have a separate business account so your personal and business expenses are separate at all times.

Beware of the masked rules and regulations – There is a wide range of rules and regulations you are going to need to adhere too. Plus, you are going to need a variety of licences, insurance, and qualifications for the likes of manicures, sun beds, saunas, beauty treatments, and massages. Health and safety are one of the massive considerations for all beauty business owners. Control of Substances Hazardous to Health (COSHH) Essentials is just one of the key regulations you are going to need to make sure you fall in line with so you can avoid being on the wrong side of the law and any massive compensation claims.

So there you have it: some of the important things that you need to do before you set up your beauty business. No matter what type of beauty company you wish to set up, if you follow the advice that has been provided above, you can make sure that it has the best possible chance of being a success.

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