{"id":37684,"date":"2018-09-12T09:00:08","date_gmt":"2018-09-12T08:00:08","guid":{"rendered":"https:\/\/phorest-ob-staging.com\/?p=37684"},"modified":"2024-09-04T11:02:33","modified_gmt":"2024-09-04T11:02:33","slug":"salon-spa-business-plan","status":"publish","type":"post","link":"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/","title":{"rendered":"The Importance &#038; Benefits Of Having A Salon\/Spa Business Plan"},"content":{"rendered":"\n<p><span class=\"s2\">It\u2019s one thing to dream about owning your own business, but converting those dreams into reality takes careful research and planning. Underestimate the costs of running a business, and there will be no profit left. A salon\/spa business plan helps to clarify your thoughts and ideas and can act as working document that you refer to (and tweak)\u00a0during both the initial setup and the <a href=\"https:\/\/www.phorest.com\/features\/salon-scheduling-software\/\">day-to-day running of your salon business<\/a>. It can help you spot potential problems, mitigate their risks and act as a useful benchmark to track your progress. Developing your business plan once you\u2019re up and running helps you to step back and look at what&#8217;s working in your business and what you can improve on.<\/span><\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>Listen to the audio version of this blog, and&nbsp;<a href=\"https:\/\/itunes.apple.com\/ca\/podcast\/the-phorest-blog\/id1182467915?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\">subscribe to the Phorest Blog Podcast here<\/a>:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-spotify wp-block-embed-spotify wp-embed-aspect-21-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Spotify Embed: The Importance &amp; Benefits of Having a Salon\/Spa Business Plan\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" allowfullscreen allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\" src=\"https:\/\/open.spotify.com\/embed\/episode\/3BtJdOghahen9YWeUFINrH?si=FBeh5QynRnGEXOiX6C1Sdg&#038;utm_source=oembed\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"s2\">Anyone Can Open A Salon, But Not Everyone Can Run A Successful One<\/span><\/h2>\n\n\n\n<p class=\"p1\"><span class=\"s2\">Starting a business without a clear plan is like embarking on a journey without knowing where you\u2019re going!&nbsp;<\/span><span class=\"s2\">Consider your plan as a sat nav: it takes you on the fastest, safest, most sensible route.<\/span><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/d2dfxqxblmblx4.cloudfront.net\/wp-content\/uploads\/2018\/09\/08095244\/webimage-28533451-3080-4631-a2e1-09ba0080971e-300x200.png\" alt=\"\" class=\"wp-image-110218\" srcset=\"https:\/\/d2dfxqxblmblx4.cloudfront.net\/wp-content\/uploads\/2018\/09\/08095244\/webimage-28533451-3080-4631-a2e1-09ba0080971e-300x200.png 300w, https:\/\/d2dfxqxblmblx4.cloudfront.net\/wp-content\/uploads\/2018\/09\/08095244\/webimage-28533451-3080-4631-a2e1-09ba0080971e-768x512.png 768w, https:\/\/d2dfxqxblmblx4.cloudfront.net\/wp-content\/uploads\/2018\/09\/08095244\/webimage-28533451-3080-4631-a2e1-09ba0080971e.png 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p class=\"p1\"><span class=\"s2\">In business, taking the longest route is time-consuming and expensive, and as a new salon owner, the two things you have least of are precisely that:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li class=\"p1\"><span class=\"s2\">Time <\/span><\/li><li class=\"p1\"><span class=\"s2\">Money<\/span><\/li><\/ul>\n\n\n\n<p><span class=\"s2\">You need the shortest, fastest and cheapest way to get there.<span class=\"Apple-converted-space\">\u00a0There are no shortcuts to building a successful salon, but there are smarter itineraries.<\/span><\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Overcoming The Excitement &amp; Making Focused Business Decisions<\/h2>\n\n\n\n<p class=\"p2\"><span class=\"s2\">The excitement of owning your own salon, clinic, or spa can be so overwhelming writing a salon\/spa business plan can be overlooked by diving straight into the fun stuff: designing the salon, choosing the location, and setting up the social media.<\/span> While these aspects are all important when it comes to running a salon, keeping an eye on business goes hand-in-hand, and should not be ignored.<\/p>\n\n\n\n<p class=\"p2\"><span class=\"s2\">Anyone can open a salon, but not everyone can run a successful one. To ensure success, you need to:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Know where you&#8217;re going<\/li><li>Know how to get there<\/li><\/ul>\n\n\n\n<h2 class=\"p2 wp-block-heading\"><span class=\"s2\">What Happens If You Don\u2019t Plan? <\/span><\/h2>\n\n\n\n<p><span class=\"s2\">How will you know that your salon&#8217;s blueprints will be financially viable and work in the real world?<\/span><\/p>\n\n\n\n<p><span class=\"s2\">Having realistic expectations of how busy you will be and how you will cope during quieter periods forms the foundations of your business plan.\u00a0If you don\u2019t know where you\u2019re going, you\u2019ll get bogged down with superficial, everyday things that will tie you in knots and stop your salon from growing. <\/span><\/p>\n\n\n\n<p>Not planning can cause you to<span class=\"s2\"> seriously underestimate the costs of running a business, or\u00a0over-egg financial forecasts. This is a recipe for disaster. As well as that, if you&#8217;re thinking of getting funding, then a business plan is mandatory.<\/span><\/p>\n\n\n\n<h2 class=\"p2 wp-block-heading\"><span class=\"s2\">And In Turn, If You Plan?<\/span><\/h2>\n\n\n\n<p class=\"p2\"><span class=\"s2\">One of the many positives that come from having a salon, clinic, or spa business plan is that you can avoid nasty surprises, foresee possible bumps in the road, and put a plan in place to better manage issues if they do come up. In short, a good business plan prevents the business from taking control over you.<\/span><\/p>\n\n\n\n<h3 class=\"p2 wp-block-heading\"><span class=\"s2\">Before Creating a Salon, Clinic, Or Spa Business Plan:<\/span><\/h3>\n\n\n\n<ul class=\"ul1 wp-block-list\"><li><strong>Get as much business help as possible.\u00a0<\/strong>Ask friends, family, and acquaintances that own a business for some insider tips.<\/li><li><span class=\"s2\"><a href=\"https:\/\/blog.hubspot.com\/marketing\/swot-analysis\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Do a SWOT analysis.<\/strong><\/a> Find out where your strengths, weaknesses, opportunities and threats are.<\/span><\/li><li><strong><span class=\"s2\">Search for salon\/spa\u00a0<a href=\"https:\/\/www.bplans.com\/beauty_salon_and_day_spa_business_plan_templates.php\" target=\"_blank\" rel=\"noopener noreferrer\">business plan templates<\/a> online.\u00a0<\/span><\/strong><span class=\"s2\">There are many different resources readily available to help you write your business plan, including mentors, books and internet searches.<\/span><\/li><li><span class=\"s2\"><strong>Join social media business pages and groups.<\/strong> Don&#8217;t be afraid to ask for advice.<\/span><\/li><li><span class=\"s2\"><strong>Find a mentor.<\/strong>\u00a0Business mentors are usually people with extensive business experience or with a specific skill set that can advise you.<\/span><\/li><\/ul>\n\n\n\n<h3 class=\"p5 wp-block-heading\"><span class=\"s2\">Next, Create Your First Salon\/Spa Business Plan<\/span><\/h3>\n\n\n\n<p class=\"p5\"><span class=\"s2\">Creating a business plan might seem overwhelming at first, but it doesn&#8217;t need to be complicated. Remember <em>why <\/em>it&#8217;s so important and how it can help you work out your goals and the strategies you need to put in place to achieve them. Make sure you focus your resources and energy on what you need to do, rather than spreading yourself too thin.<\/span><\/p>\n\n\n\n<p class=\"p5\"><span class=\"s2\">Once you\u2019ve got a business plan in place, it\u2019s a good idea to review and update it regularly:<\/span><\/p>\n\n\n\n<ul class=\"ul1 wp-block-list\"><li class=\"li5\"><strong><span class=\"s2\">Remind yourself of your goals and priorities<br><\/span><\/strong><\/li><li><a href=\"https:\/\/www.phorest.com\/features\/salon-accounting-software\/\"><strong><span class=\"s2\">Track your targets<\/span><\/strong><\/a><\/li><\/ul>\n\n\n\n<ul class=\"ul1 wp-block-list\"><li class=\"li5\"><strong><span class=\"s2\">Assess whether your strategies are working<\/span><\/strong><\/li><\/ul>\n\n\n\n<ul class=\"ul1 wp-block-list\"><li class=\"li5\"><strong><span class=\"s2\">Adapt to any changes in your environment <\/span><\/strong><\/li><li class=\"li5\"><strong><span class=\"s2\">Make the most of opportunities as they come your way<\/span><\/strong><\/li><\/ul>\n\n\n\n<p class=\"p5\"><span class=\"s2\">Should you require <a href=\"https:\/\/www.phorest.com\/blog\/raise-money-salon\/\" target=\"_blank\" rel=\"noopener noreferrer\">funding from a bank<\/a>, you will need a detailed plan covering all financial forecasts. The bank could assign you a mentor as part of their service, or you might have to download a template online and work your way through it. Businesses have a far higher chance at getting funding if they have methodically gone through the planning process.<\/span><\/p>\n\n\n\n<p class=\"p5\"><span class=\"s2\">If the plan is<em> just<\/em> for you, a basic one-page document can suffice and consist of an executive summary (or a Lean Plan). It should contain the following:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li class=\"p5\"><strong><span class=\"s2\">A description of the problem your customers have<\/span><\/strong><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li class=\"p5\"><strong><span class=\"s2\">Your solution (your product or service)<\/span><\/strong><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li class=\"p5\"><strong><span class=\"s2\">Business model (how you make money)<\/span><\/strong><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li class=\"p5\"><strong><span class=\"s2\">Target market (<a href=\"https:\/\/www.phorest.com\/blog\/attracting-right-clients-salon\/\" target=\"_blank\" rel=\"noopener noreferrer\">who is your customer<\/a> and how many of them are there)<\/span><\/strong><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li class=\"p5\"><strong><span class=\"s2\">Competitive advantage<\/span><\/strong><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li class=\"p5\"><strong><span class=\"s2\">Management team<\/span><\/strong><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong><span class=\"s2\">Financial summary <\/span><\/strong><br><\/li><li><strong><span class=\"s2\">Funding required<\/span><\/strong><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Final Thoughts<\/h2>\n\n\n\n<p class=\"p5\"><span class=\"s2\">A business plan is not a document you create once and store in your bottom drawer. It&#8217;s a living guide that you should develop as your business grows and changes. Successful businesses review and update their business plans when circumstances change. If you&#8217;re looking to learn more on opening a salon or a spa, check out my book<\/span><span class=\"s2\"><em>&nbsp;<a href=\"https:\/\/www.amazon.co.uk\/Setting-Your-Hair-Beauty-Business\/dp\/1326906666\" target=\"_blank\" rel=\"noopener noreferrer\">\u2018Setting up your Hair, Nail or Beauty Business\u2019<\/a><\/em>&nbsp;which will guide you every step of the way.<\/span><\/p>\n\n\n\n<p>For more great tips, check out our full resource on <a href=\"https:\/\/www.phorest.com\/blog\/set-up-grow-successful-salon\/\">how to set up, run and grow a successful salon business<\/a>.<\/p>\n\n\n\n<p>Thanks for reading! #Togetherwegrow<\/p>\n\n\n\n<p>Looking for personalised advice on writing your first salon\/spa business plan? You can always <a href=\"https:\/\/www.linkedin.com\/in\/julie-lee-27649644\/\" target=\"_blank\" rel=\"noopener noreferrer\">connect with Julie on LinkedIn<\/a>! Got general feedback or want to know about Phorest&#8217;s salon &amp; <a href=\"https:\/\/www.phorest.com\/industry\/spa-software\/\">spa software<\/a>? Let us know either in the comments below or&nbsp;on&nbsp;<a href=\"https:\/\/www.instagram.com\/phorestsalonsoftware\" rel=\"noopener\">Instagram<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s one thing to dream about owning your own business, but converting those dreams into reality takes careful research and planning. Underestimate the costs of running a business, and there will be no profit left. A salon\/spa business plan helps to clarify your thoughts and ideas and can act as working document that you refer &hellip; <a href=\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/\">Continued<\/a><\/p>\n","protected":false},"author":40014,"featured_media":145491,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1297,1299],"tags":[7424,7425,13263,7426,2176,7427],"class_list":["post-37684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-management","tag-beauty-business-plan-gb","tag-business-plan-gb","tag-clinic-business-plan-gb","tag-planning-gb","tag-salon-business-plan-gb","tag-spa-business-plan-gb"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Importance &amp; Benefits Of Having A Salon\/Spa Business Plan | Phorest<\/title>\n<meta name=\"description\" content=\"It might seem overwhelming, but it doesn&#039;t need to be complex. 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Consider your salon\/spa business plan as a sat nav taking you on the fastest &amp; safest route.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Phorest\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/phorestsalonsoftware\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-12T08:00:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-04T11:02:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2dfxqxblmblx4.cloudfront.net\/wp-content\/uploads\/2018\/09\/04104117\/GettyImages-1829867977-150x150.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"724\" \/>\n\t<meta property=\"og:image:height\" content=\"483\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Julie Lee\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/d2dfxqxblmblx4.cloudfront.net\/wp-content\/uploads\/2018\/09\/04104117\/GettyImages-1829867977-150x150.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@thephorestword\" \/>\n<meta name=\"twitter:site\" content=\"@thephorestword\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Julie Lee\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/\"},\"author\":{\"name\":\"Julie Lee\",\"@id\":\"https:\/\/www.phorest.com\/gb\/#\/schema\/person\/2a409aabb3178f57cec49c22ba0e5c0f\"},\"headline\":\"The Importance &#038; Benefits Of Having A Salon\/Spa Business Plan\",\"datePublished\":\"2018-09-12T08:00:08+00:00\",\"dateModified\":\"2024-09-04T11:02:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/\"},\"wordCount\":1072,\"publisher\":{\"@id\":\"https:\/\/www.phorest.com\/gb\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d2dfxqxblmblx4.cloudfront.net\/wp-content\/uploads\/2018\/09\/04104117\/GettyImages-1829867977.jpg\",\"keywords\":[\"beauty business plan\",\"business plan\",\"clinic business plan\",\"planning\",\"salon business plan\",\"spa business plan\"],\"articleSection\":[\"Finance\",\"Management\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/\",\"url\":\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/\",\"name\":\"The Importance & Benefits Of Having A Salon\/Spa Business Plan | Phorest\",\"isPartOf\":{\"@id\":\"https:\/\/www.phorest.com\/gb\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.phorest.com\/gb\/blog\/salon-spa-business-plan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d2dfxqxblmblx4.cloudfront.net\/wp-content\/uploads\/2018\/09\/04104117\/GettyImages-1829867977.jpg\",\"datePublished\":\"2018-09-12T08:00:08+00:00\",\"dateModified\":\"2024-09-04T11:02:33+00:00\",\"description\":\"It might seem overwhelming, but it doesn't need to be complex. 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