Free Hair and Beauty Salon Sample Business Plan PDF

Author: Elon Glucklich

Elon Glucklich

6 min. read

Updated February 7, 2024

Looking for a free,  downloadable hair and beauty salon sample business plan Word doc  or  PDF  to help you create a business plan of your own? Bplans has you covered.

Keep in mind that you don’t need to find a sample business plan that exactly matches your business. Whether you’re launching an upscale, full-service salon in a bustling city or a neighborhood barbershop, the details will be different, but the bones of the plan will be the same.

Are you writing a business plan for your salon because you’re seeking a loan? Is your primary concern building a clear roadmap for growth? Either way, you’re going to want to edit and customize it so it fits your particular company.

No two salons are alike. Your business model will be different if you’re renting space to independent hairstylists, rather than taking on employees, for example. So take the time to create your own financial forecasts and do enough market research so you have a solid plan for success.

  • What should you include in a hair and beauty salon business plan?

Your hair and beauty salon business plan doesn’t need to be hundreds of pages—keep it as short and concise as you can. You’ll probably want to include each of these sections:

  • Executive summary
  • Company summary and funding needs
  • Products and services
  • Marketing plan
  • Management team
  • Financial plan

One of the things that makes a salon business plan different from some service-based business plans is that you might decide to offer a combination of products and services.

Maybe you’ll sell shampoo, beard oil, or other cosmetics and beauty products, in addition to offering services like haircuts, manicures, or massages. If that’s the case, make sure you include your ideas for upselling products to customers to increase the value of every appointment you book.

Here’s an example of a salon business plan outline.

Hair and beauty salon sample business plan outline.

Brought to you by

LivePlan Logo

Create a professional business plan

Using ai and step-by-step instructions.

Secure funding

Validate ideas

Build a strategy

  • The 7 elements of an effective hair and beauty salon business plan

1. Executive Summary

The  executive summary  provides a high-level overview of your business plan. It should outline the objectives of your hair and beauty salon, such as to offer high-quality services, to expand the client base, or to break into a new market.

Your salon’s mission statement should describe its purpose and what sets it apart from competitors. For example, you may aim to offer a personalized experience for each customer or provide eco-friendly hair and beauty services.

The keys to success are the factors that will help your salon thrive. These may include a prime location, hiring experienced staff, excellent customer service, or a unique product and service range.

2. Company Summary and Funding Needs

The company summary offers a detailed overview of your salon, including its legal structure , location, and history. Also, it highlights your salon’s funding needs if you are seeking financial support.

Clearly state how much funding you need, what you will use it for, and how it will benefit the salon. For instance, you may need funds to renovate the premises, purchase equipment, or boost marketing efforts.

3. Salon Products and Services

This section should detail the products and services your hair or beauty salon will offer. These may include haircuts, hair treatments, manicures, pedicures, massages, and beauty treatments.

If you plan to retail beauty products such as shampoos, conditioners, or skin care items, include this information too. Highlight any unique services or products that differentiate your salon from competitors.

4. Salon Marketing Plan and Analysis

Your marketing plan should outline the strategies you will use to attract and retain customers. These strategies might include social media advertising, loyalty programs, partnerships with local businesses, and special promotions.

Additionally, you should conduct a thorough market analysis. Understand your target customers, their preferences, and their spending habits. Identify your competitors, their strengths and weaknesses, and how you can differentiate your salon.

5. Salon Management Team

The management team section provides information about the salon’s key personnel. This could include the salon owner, managers, stylists, beauticians, and other staff members. Highlight their roles, responsibilities, qualifications, and experience.

If you plan to rent chairs to independent stylists rather than hiring employees, describe how this arrangement will work and the advantages it offers for your business.

6. Financial Plan and Forecasts

Your financial plan should present detailed financial projections, including revenue, costs, and profitability. Include a cash flow statement, income statement, and balance sheet. This section should clearly demonstrate the salon’s potential profitability and financial viability.

Also, outline your pricing strategy. How have you priced your services and products, and how do these prices compare with competitors? What are your wage costs, and how will they affect your profitability?

7. Appendix

The appendix includes any additional supporting documents that complement your business plan. This might be market research data, lease agreements, employee contracts, or licensing and permit documents.

While not always necessary, the appendix can provide valuable context and proof to support your business plan’s content.

  • Crafting a Successful Salon Business Plan: Key Considerations

Understanding your target clientele’s needs is crucial to writing a hair or beauty salon business plan that you can put into action. To ensure your business plan is the foundation of a growing operation rather than just checking boxes, ask yourself whether you’re taking these considerations into account.

1. Comprehensive Services Offering

In the beauty industry, customer preferences vary significantly, and staying versatile in your offerings can help cater to a broader clientele. Include a wide range of services that cater to different demographics. You may also consider offering unique or specialized services that distinguish your salon from others.

2. Pricing Strategy

Pricing can make or break your salon. Competitive pricing attracts customers, but your pricing should also cover your costs and ensure profitability. Effective market research can help you understand the average cost of services in your area, which you can use to set your prices competitively.

3. Salon Atmosphere

The ambiance of a salon plays a significant role in attracting and retaining customers. Consider factors like décor, cleanliness, and customer service when planning your salon.

4. Staff Training and Expertise

Quality service is crucial in the hair and beauty industry since word-of-mouth exposure from existing clients is a major driver of new business. Investing in ongoing staff training ensures that your team stays updated with the latest trends, techniques, and customer service skills.

5. Digital Presence

Although word of mouth is one business driver, many of today’s customers research online before visiting a salon. Having a strong online presence, including a well-designed website, effective search engine optimization and active social media accounts, can significantly boost your business.

  • Download your free hair and beauty salon sample business plan PDF

Download this  hair and beauty salon sample business plan PDF  for free right now, or visit Bplans’ gallery of more than  550 sample business plans  if you’re looking for more options.

There are  plenty of reasons  salon business owners can benefit from  writing a business plan —you’ll need one if you’re seeking a loan or investment.

Even if you’re not seeking funding, the process of thinking through every aspect of your business will help you make sure you’re not overlooking anything critical as you grow.

Content Author: Elon Glucklich

Elon is a marketing specialist at Palo Alto Software, working with consultants, accountants, business instructors and others who use LivePlan at scale. He has a bachelor's degree in journalism and an MBA from the University of Oregon.

Check out LivePlan

Table of Contents

Related Articles

how to write a business plan of salon

8 Min. Read

How to Write a Home Health Care Business Plan

how to write a business plan of salon

9 Min. Read

Free Etsy Business Plan Template [2024 PDF + Sample Plan]

how to write a business plan of salon

18 Min. Read

How to Write a Business Plan for a Subscription Box Service

how to write a business plan of salon

5 Min. Read

How To Write a Business Plan for a Life Coaching Business + Free Example

The Bplans Newsletter

The Bplans Weekly

Subscribe now for weekly advice and free downloadable resources to help start and grow your business.

We care about your privacy. See our privacy policy .

Garrett's Bike Shop

The quickest way to turn a business idea into a business plan

Fill-in-the-blanks and automatic financials make it easy.

No thanks, I prefer writing 40-page documents.

LivePlan pitch example

Discover the world’s #1 plan building software

how to write a business plan of salon

  • Sample Business Plans
  • Beauty Salon & Fitness

How to Write Hair Salon Business Plan

Executive summary image

Passionate about hair styling and cutting?

If yes, you might have thought of starting your own hair salon business.

But it takes more than just an artistic talent to give cuts that suit different hair types and styles. It also requires a solid business plan in place to make it thrive, as there are 952,909 hair salons in the US.

Need help getting your plan? Not to worry; we’ll help.

This hair salon business plan will help you get started and guide you every step of the way, from crafting your business idea to evaluating your salon’s financial success.

Ready to begin? Let’s dive right in!

Why you need a business plan for your hair salon

Hair salon business plan is a professional, living document that outlines your business ideas, goals, and strategies to achieve them.

Whether you’re starting a new salon or aiming to expand an existing one, you’ll need a business plan. It serves as a strategic roadmap for your entrepreneurial journey.

Here are several key reasons why having a hair salon business plan is essential:

Clarifies your vision & mission

Once you’ve decided to start or grow your hair salon, writing a business plan helps you think about all the details of your business. It outlines your business concept, vision, mission, and its core values. Also, it enables you and your team to understand your business’s purpose and ensures everyone is aligned.

Attracts investors to raise funding

Investors often request to see your business plan before investing in your business. At that time, a good business plan helps you demonstrate your business strategies, realistic financial forecasts, and potential for success. Also, it shows your idea is viable and convinces them to raise funding.

Helps reach your business goals

A well-thought-out business plan allows you to consider your short-term goals and long-term objectives. It also summarizes the strategies & steps to reach them, as well as how long it will take to achieve those goals. Further, with specific benchmarks and milestones, you can measure progress and keep track of your goals.

Determines your financial needs

A business plan helps you estimate the funding required for your salon. It includes detailed financial projections and clarifies how much money you’ll need to raise and how you’ll use those funds in different areas. This means you can ask for realistic funding needs to grow your business.

Reduces potential risks

While preparing a business plan, you can identify the potential risks and challenges that your salon might face. By knowing these threats earlier, you can develop effective strategies and contingency plans to mitigate them. This ensures your business is safe and improves your chances for success.

Now that you know the importance of having a business plan, let’s explore how to create a successful business plan for your salon.

How to write the perfect hair salon business plan in 8 steps

here is the simple step by step guide on how to write hair salon business plan.

1. Executive Summary

An executive summary is the first and foremost section of a business plan that provides a high-level overview of your hair salon business.

In fact, it might be the only section that potential investors or stakeholders will read and get a better idea of your business, including its concept, core values, objectives, and growth plans.

If your plan summary isn’t interesting or compelling enough, they won’t read it any further. So, ensure you keep this section simple, crisp, yet effective.

While writing an executive summary , consider including the following key elements:

  • A quick overview of your salon
  • Mission-vision statement

Target market

  • Unique product or service offerings
  • Marketing strategies
  • Financial highlights

Though it is the first section of your salon plan, it’s typically written at the end once all the other sections are drafted. This is so because it summarizes all the most important aspects of your business.

Say goodbye to boring templates

Build your business plan faster and easier with AI

Plans starting from $7/month

CTA Blue

2. Business description

As you will provide a quick business overview in the executive summary, this section will expand on it and give detailed information about your salon.

So, here, explain your salon concept in detail and give readers a better understanding of your business, including what your hair salon business is all about.

For instance, you may ask yourself a few questions to plan this section:

  • Where it’s located & why did you select that place?
  • What’s the legal structure (e.g., sole proprietorship, LLC, corporation)?
  • When and why did you start the hair salon business?
  • Who are the owners or partners?
  • What type of hair salon do you operate?
  • What business milestones have you achieved till now (if any)?

In addition to that, you may highlight your salon’s short-term goals and long-term objectives that every potential investor or lender needs to know.

3. Market analysis

The market analysis section presents your external business environment. Generally, it involves in-depth research of the specific industry or sector in which your business intends to operate.

This means you’ll need to conduct comprehensive market research and analytical work to start a successful salon venture.

It also helps you get valuable insights into the salon industry, market size & growth potential, target customers, market demand, competitors, and opportunities.

Here are a few essential components that you may include in your market analysis:

Here, you may provide details of the target market you serve or expect to serve. This will help you identify your target customers and create a buyer’s persona, along with the psychographic and demographic details.

Competitive analysis

It’s a very important aspect of market research that helps you identify and analyze all other salon businesses nearby. It will cover direct and indirect competitors, including their strengths & weaknesses, and explain your competitive advantages .

Market trends

As a salon owner, you know that the hair salon industry is dynamic and continuously growing. So, you’ll have to explore the current and emerging trends (technological advancements, adoption of sustainable products, etc.) in the indus try and explain how your business will cope with them.

4. Organization and management

The organization and management section introduces the key personnel responsible for running the salon, including the salon owner, managers, hair stylists, and other staff members.

You may start by describing their roles and responsibilities, educational qualifications, industry experience, and expertise that help you grow your salon.

Then, consider discussing the employee benefits, compensation plans, and business operations, as well as outline the organizational structure, including reporting lines and how decisions will be made.

Furthermore, try to highlight advisory board members (if any) and explain how they can contribute to the salon’s overall success.

If your team is lacking and you’re planning to hire, mention whom you’ll hire and clarify how they will manage day-to-day operations, what type of work experience you’ll need, and how you’ll address training practices.

5. Services and products

As the name suggests, this section illustrates all the different types of services or products your salon will offer to its customers.

For instance, you may include a wide range of services, such as haircuts, styling, coloring, hair treatments, manicures, pedicures, etc. Also, describe each service in detail, along with the pricing plans, techniques used, and expected results.

For easy understanding, you may take the below as a reference to craft your offerings:

Platinum Hair’s Services

1. Haircuts: Classic Haircut

Price: [$40] per session

Description: A timeless haircut tailored to your preferences, ensuring a polished and stylish look.

Specifications: 

  • Suitable for: All hair types
  • Duration: 45 minutes

2. Coloring Services: Highlights

Price: [$110] per session

Description: Partial or full highlights, to add dimension and brightness to your hair, enhancing its natural beauty.

Specifications:

  • Duration: 150 minutes
  • Styles Available: Partial, Full, Balayage

If you’re running a hair salon that offers a great selection of products, like, hair care products, skincare items, or beauty accessories), mention them as well.

This will help investors better understand how you plan to satisfy all your customer’s needs & preferences and what value your salon brings to the market.

6. Marketing and sales strategy

Your marketing and sales strategy decides how you plan to draw new customers and retain existing ones for your hair salon.

A well-written sales and marketing plan can help you keep track of the marketing budget and maximize ROI while developing online and offline marketing or external promotional campaigns.

Consider including the below information in this section:

Unique Selling Proposition (USPs)

You may define your unique selling points to distinguish your salon business. For example, consider presenting holistic hair care services, sustainable & environmentally friendly products, and highly skilled stylists.

Online advertising

Using online channels such as social media platforms, email marketing, and professional branding can help you target certain audiences and build trust among them. You may also create visual ads and content to showcase all your offerings.

Partnerships or collaborations

You may partner with local businesses to expand your brand’s visibility and reach a wider audience. This will draw new customers and increase your growth opportunities.

Workshops and events

You may organize workshops or events at your salon and invite the local community to explore your space. Ask them to engage in live demonstrations of hairstyles and treatments. Also, don’t forget to collect their feedback and preferences.

Discounts or rewards

Giving special discounts helps you attract new clients and retain existing ones. So, try to offer discounts to the new consumers or introduce a loyalty program to reward regular clients.

7. Financial projections

A financial plan is the most crucial aspect of the hair salon business plan. It offers a comprehensive overview of your financial projections for the first 3-5 years.

However, the startup financial plan includes several critical statements and reports, such as income statements, cash flow statements, and balance sheets.

For your hair salon financial plan, consider providing detailed financial projections, including sales forecasts, revenue projections , initial startup costs, funding requirements, break-even analysis, or even sensitivity analyses for different scenarios.

This will help you demonstrate the long-term growth and profitability of your salon and allow potential investors or financial backers to make informed decisions.

8. Appendix

In the appendix, you may attach any supporting documents that might complement your business plan.

It includes market research data and surveys, licenses & permits, equipment leases, salon layouts, resumes of executive members, and many more.

In short, you can place additional information or attachments that don’t fit into specific sections, but readers might use them for reference.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

crossline

Now that you have a detailed hair salon business plan outline, it’s much easier to kickstart your plan writing process.

However, preparing a comprehensive business plan from scratch can be an intimidating and daunting task. But not to worry; Upmetrics could be a great companion here!

It’s a modern business plan software that enables new entrepreneurs and small business owners to create investment-ready plans quickly and efficiently.

From easy-to-follow guides and 400+ business plan examples to financial forecasting software, Upmetrics offers valuable resources to streamline the entire business planning process.

So, wait no longer; start preparing your plan!

Related Posts

Hair Extension Business Plan

Hair Extension Business Plan

Business Licenses Guide

Business Licenses Guide

Pricing Strategy for Small Business

Pricing Strategy for Small Business

Barber Shop Business Plan

Barber Shop Business Plan

Frequently asked questions, what financial projections are most important for a new salon.

The following are the most important financial projections for a new salon:

  • Sales and revenue forecasts
  • Profit and loss statement
  • Cash flow projections
  • Balance sheet
  • Initial funding needs
  • Break-even analysis
  • Loan repayment plan

How often should a hair salon business plan be updated?

It’s necessary to review and update your hair salon business plan regularly, at least once a year, or more often whenever there are significant changes in the business environment or market.

What are the essential elements of a salon business plan?

While writing a comprehensive business plan for your salon, consider including the following essential elements:

  • Executive summary
  • Business overview
  • Market analysis
  • Products and service offerings
  • Marketing and sales strategy
  • Management team
  • Operations plan
  • Financial projections

About the Author

how to write a business plan of salon

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

Plan your business in the shortest time possible

No Risk – Cancel at Any Time – 15 Day Money Back Guarantee

bpb AI Feature Image

Create a great Business Plan with great price.

  • 400+ Business plan templates & examples
  • AI Assistance & step by step guidance
  • 4.8 Star rating on Trustpilot

Streamline your business planning process with Upmetrics .

Download How to Write Hair Salon Business Plan

  •  Contact Us

hair stylist on a table in a hair salon

  • February 27th, 2024
  • Business Tips

How to Write a Hair Salon Business Plan

Are you thinking about opening your own hair salon? Or maybe you already have a salon and are thinking about opening another location?  

Well, when it comes to opening a new salon business, knowing how to write a hair salon business plan can make or break your success. The good news is—we’re here to help. 

In this article, we’ll go over the ins and outs of creating a hair salon business plan. This includes everything from market analysis and financial projections to your goals for the future. Having a plan will help you obtain funding and stay on track as you grow. 

Let’s get started. 

Do I Really Need to Write a Business Plan for a Hair Salon?  

You wouldn’t drive from San Francisco to Boston without either a GPS or a map, right? So, you shouldn’t run a business without a plan either. 

A hair salon business plan is a roadmap for your beauty business. Whether you have two chairs or 200, it’s essential for your ongoing success. 

In fact, opening or expanding a business has a lot more at stake than a drive across the country. You may have saved or taken out a loan to start your salon. And you likely have employees or contractors who are dependent on your business sense, too. 

A business plan gets you organized when you’re first starting out or opening a new location. Plus, it keeps you on track as you grow. You can reach or exceed your goals, but you must know what they are first. And you need to have a detailed set of strategies to use along the way. 

Let’s go back to our road trip metaphor.  

Suppose you want to get from California to Massachusetts. First, you figure out how many miles or hours the journey will take. Then, you divide that by how many miles or hours you can comfortably drive in a day. That’s how many days it will take. Finally, you plan overnight stops along the way for each of those days to make the drive doable. 

A salon business plan isn’t much different. You probably have goals for things like: 

  • How much gross income you want to bring in 
  • How much profit you want after overhead and labor 
  • Ideal business model structure (e.g., booth rent vs. commission) 
  • Services you would like to offer clients 
  • Places where you’d like to open additional salons 

Without a specific business plan for how to make them happen, those are just pie-in-the-sky dreams. You need a more granular approach to turn them into a reality. 

For instance, how much money do you need to make each month to reach your desired net profits? If that’s how much you need to make each month, what do you need to make daily, assuming you’re open five days per week? How many chairs do you need to have? At what capacity do you need to operate? 

Not to mention, you’ll almost certainly need a formal business plan if you want to get financing for your salon. Salon equipment and real estate can be quite expensive. A bank may loan you money to get set up, but only if they see you have done your homework first. 

Lenders don’t want to back a business that is more likely to fail than to succeed. And new hair salons have an average success rate of 50% in the first three years of operation. 

That means half of those businesses will fail. Most fail not because of a lack of talent or ambition but because the owner doesn’t know how to properly run a business. You can be the best hairstylist in the world. But if you consider things like business accounting and marketing, you will likely lose more money than you are bringing in every month. 

Do you want to be in the 50% of new salons that thrive? Keep reading to learn the step-by-step method of developing a business plan for your salon. 

RELATED ARTICLE:  

Owning a Hair Salon: Your Launch Guide  

hair stylist at salon front desk on laptop

How to Write a Hair Salon Business Plan: Step by Step  

Below you’ll find information on each section commonly included in a business plan. But first, here’s a tip to help you make the most of these categories. 

Use the SMART method for setting goals. What are SMART goals ? They are: 

  • Specific – highly detailed, not vague 
  • Measurable – able to be quantified with hard numbers and actionable items mapped out to achieve the goal you’ve set 
  • Achievable – doable within the framework of your business model 
  • Relevant – related to your salon today, not somewhere else or too far in the future 
  • Time-bound – tied to specific dates for end goals and milestones 

Any time you set a long-term or short-term goal, ask, “Is it SMART?” If not, dig deeper to get the details you need to make it work. 

Executive Summary  

Think of the executive summary as the introduction to your salon business plan. It gives brief information about: 

  • The purpose of your salon and who it will serve 
  • Your business objectives (offer something novel, expansion, etc.) 
  • How your salon will be different from your competitors 
  • Why you think the business will perform well 

For instance, you could talk about how you plan to open a salon in a busy urban area to cater to downtown employees. Your client demographic is primarily white-collar workers aged 25 to 45. 

Your unique selling proposition , or USP, is what makes the salon special. Say it’s that it will offer 20 and 50-minute appointments to fit into standard lunch breaks. Additionally, you’ll have 10-minute appointments for fast services during coffee breaks. 

Customers can get a quick trim on their fringe or ends. Beard and mustache trims are another rapid service you will offer. Everything can be booked and paid for online to streamline the process and get customers in and out in a jiffy. 

Maybe after work hours, your salon will be open for more traditional appointments. And you’ll have more quickie services available for businesspeople going out at night. They can get an updo, blowout, or style refresh before a date. On Fridays, you’ll offer manicure services too. 

In your business plan, you’d want to outline howyour USP will help your salon be successful. For our example, you might say you believe the salon will do well financially because of three factors: 

  • The area is currently underserved by hair salons. 
  • You are catering to the needs of businesspeople in your locale. 
  • You hired an experienced stylist who’s bringing their clients with them. 

You don’t have to get into a ton of detail yet. This is a proverbial bird’s eye view of your business proposition. You could, however, outline a rough roadmap of how you envision your business will start and where you see it going in one year and five years. 

For instance, perhaps you plan to start with one location and 10 chairs. Five years from now, you want to open two additional locations. At that time, you will add new services like brow waxing and makeup consultations. 

You can mention market analysis in this section, too. Market analysis looks at competition and consumer needs in your niche. However, there will be a place later in your business plan to address this in more detail. 

Remember, your executive summary is an investor or lender’s first impression of your salon business. Therefore, you want to make it shine. 

Company Description  

This section goes into detail about the structure of your company. How long have you been in business? Who are the owners and managers? 

You’ll also want to review how many employees or contractors you plan to have. Will they be employed under W2 status, or will they contract as 1099 workers? 

Will hair stylists pay you a fee for the use of a chair? Will your salon take a cut of their fees? How will tipping be structured? 

For example: 

  • Our salon is a startup organization that is not yet in business. 
  • It is co-owned by two stylists who participate 50-50 in leadership. 
  • There will be 10 chairs in total in the salon. 
  • Eight contract stylists will be working as 1099 independent contractors. 
  • Contract stylists will pay a monthly chair rental fee and a percentage of their billables to the owners. 
  • All tips will go to the employed stylists, with a percentage going to a shampoo assistant. 
  • Contract stylists make a commission on products sold in the salon. 
  • You will also have two paid receptionists who will be W2 employees. 

You will go into more detail about financials in the Services and Pricing section. But this section should give readers an understanding of the basics of your planned salon operations. 

You can also include funding or investing requests in this section. Again, you will have further opportunity to dive into financials later. But touching on what you need to open or expand gets readers primed as they go through the next four sections. 

woman reading a laptop and taking notes

Market Analysis  

The market analysis section of your business plan is another area where you can wow readers and make your salon stand out. It answers the question, “Why you, and why now?” 

Remember, you don’t want to fit in with all the other salons in the area. Instead, you want yours to be unique . 

Your hair salon might be unique because of its business model, like the hypothetical one described in the executive summary. Or it could be you have a string of well-known stylists. 

Perhaps you offer extra luxury services and product lines. Maybe you offer great prices. It could be the whole vibe of your salon that’s one of a kind. Maybe it’s a retro nod to the ‘70s or a high-tech glimpse into the future. 

You don’t want to pitch your salon with a kitchen sink-style of features. After all, when you appeal to everyone, you really appeal to no one. But you can list several unique attributes that will give you a competitive market edge. 

In this section, you’ll show what the current market is like in your location. How many other salons are within a mile or two? Who do they cater to? Is there a gap you can fill to capture more market share? 

Be realistic. If everyone who comes through your door is on a tight budget, you can’t offer $300 color jobs. You need to match your services to your demographics. 

If you’ve ever sold a real estate property, you’ve done something similar to a business market analysis. You or your agent prepare “comps” or comparables. The comps show how your property is special, while reviewing what the rest of the area has to offer. 

Whether your salon is brand new or you’re opening a new location for your existing salon business, you may need to conduct market research. You can do this on your own or hire a consultant to do it for you. 

The more populated the area in which you operate, the more complicated market research is likely to be. If you’re in a suburb or rural community, there may only be a few hair salons to compete with. 

Don’t forget to include how your USP and ability to fill a need relates to industry trends. Let’s use the example above. There is a current national trend towards more online conveniences for salon customers. So, offering online payments and booking is going to help you stay at the front of the curve. 

Also, employees are feeling busier than ever these days. They struggle with work-life balance. And many are returning to the office after working remotely for several years. 

Your salon leverages this trend as well by providing stress-free quick appointments that fit into work breaks. Workers can get their hair done over their lunch hour and make better use of their personal time after work. 

If you have an existing business that you’re expanding, you can survey your clientele. Maybe you’re going to a second location because it’s underserved. Or perhaps you’re adding more services because that’s what clients want.  

It’s great to be able to give objective data that says there’s a need for your services. 

Hair Salon Industry Trends for Growing Your Salon Business  

Marketing Strategy  

How do you plan to promote your new salon or additional location? That’s the focus of this section of the plan. 

Some common salon marketing methods include: 

  • SEO website 
  • Social media accounts 
  • Paid advertising 
  • Loyalty programs 
  • Cross-promotion with other businesses 
  • Flyers in area office buildings 
  • Bulk mailings with coupons 
  • Free makeovers 
  • Local news editorial coverage 
  • Online review platforms 

An SEO (search engine optimized) website is a great place to start promoting your business. You can add other components later. An optimized website is set up to rank higher on search engines like Google and Bing. 

How do you improve a website’s SEO? 

  • Use keywords related to your exact services that clients would search for when looking for a hair salon. 
  • Be sure to mention your location multiple times on the website, including your state and local landmarks. 
  • Add a blog for value-added content with links to authoritative sources. 
  • Get your salon mentioned on other websites and in social media mentions. 

This section overlaps with your market analysis. You’ll be using your unique selling proposition to focus marketing campaigns. Every marketing effort is an opportunity to promote what makes your salon stand out. 

Talk about how you plan to cement the two cornerstones of a healthy salon business: 

  • Repeat customers who book appointments regularly 
  • New customers who keep things fresh and balance natural attrition 

How to Design and Roll Out a Beauty Salon Rewards Program  

Management and Organization  

Here’s where you can go into more detail about your salon’s company structure and staff payment plan. You can include elements like credentials here, particularly if you or a manager have a business background or education. 

Don’t simply list how you plan to pay workers. Explain why this is best for your salon business’s long-term financial health. 

Are you and any other owners taking a salary? What corporate structure are you using (LLC, S corp, etc.)? Your state may determine how you want to set this up.  

Speaking with an accountant can clarify questions for you, especially about taxes. 

stylist and client choosing hair dye color from a book

Services and Pricing  

This section of your hair salon business plan outlines the meat and potatoes of what your salon will offer. It is essentially a menu of all the services and treatments you provide. It also includes prices for each. 

You can mention why you chose the pricing model you did. For example, if you’re serving affluent clients in a resort area, you can justify charging a little more. Or you might do group pricing because you serve a lot of bridal parties. 

Don’t forget to add any products you plan to sell. Why is carrying these items beneficial to your business? 

Financial Projections  

Financial projections are the nuts and bolts that lenders want to see. They’ll also keep you on the right path as you grow your salon. 

You’ve already outlined your services and pricing. Now, it’s time to do the math and calculate what that means in terms of income. 

Answer these questions first: 

  • What do you expect your salon to gross (total income) in a year? 
  • What are your overhead expenses (rent/mortgage, staff, utilities, wholesale supplies, etc.)? 
  • What portion of your expenses are due to payroll? 
  • Do you have to make capital purchases for equipment? Will these be paid with a lump sum, financing, or rental payments? 
  • What is the net profit you expect (gross income minus overhead and expenses)? 
  • Where do you predict expenses or income will change over the next few years? 

You want to make your business plan financial projections look truly professional. So, break them down into these categories: 

  • Sales forecast – total sales expected over the next several years 
  • Expenses budget – all the costs you need to operate 
  • Profit and loss (P&L) statement – a 12-month summary of revenue versus expenses 
  • Cash flow statement – how cash moves in and out of your business, including monthly payments 
  • Projected balance sheet – items that aren’t in your P&L, like interest debt, equity, and other factors that affect the net worth of your business 
  • Break-even analysis – what you need to earn (at least) to make your expenses and start turning a profit 

A certified public accountant (CPA) can help you put together this part of your business plan for a reasonable fee. It’s well worth it if it helps you obtain investors or bank funding. 

How You Can Start Writing a Hair Salon Business Plan Right Now  

Ready to get started on your hair salon business plan today? Use these tips right away to make it both convincing to lenders and helpful as an internal roadmap: 

  • Write a mission statement. To write a solid executive summary, it’s helpful to first compose a mission statement. This delves into why you want to open your business in the first place. Some people include this in their executive summary. Others keep it private and use it as an inspirational jumping-off point. 
  • Include milestones in your financial projections. These are points where you will examine progress and see if you’re on target. Be ready to course correct if you’re not hitting your goals. 
  • Compile an appendix. It’s a good idea to include an appendix in your business plan with copies of extra materials. This is an ideal place to include photos of your salon, certifications, licenses, and financial documents. It will keep everything organized for you and make you look more professional to lenders. 
  • Enlist help. If you have questions about certain sections of your salon business plan, consider consulting with the appropriate professionals. Paying a one-time fee to an attorney or CPA can save you money and headaches down the line. You could even consider hiring a business manager to deal with office and financial issues. 
  • Research your competition. If you’re not sure what services to offer or how you stand out, do some in-person recon. Visit competitor salons and check out influencers on social media. How can you align with service gaps and trends to make the most of your business? 
  • Explore salon management software. Salon management software can save you a lot of time and make your job a lot easier. For instance, you can use it to quickly and easily generate reports to keep a pulse on your performance. It’ll also help you with other tasks related to your financial success. The best salon management software can automate appointments, keep track of inventory, and assist with marketing. 

Learn How to Manage a Hair Salon Business with SalonBiz  

Share Article Online:

Download Marketing Toolkit Ebook

Follow us on Instagram

how to write a business plan of salon

Most Popular

a stylist standing with arms folded

Understanding Monthly Expenses for a Hair Salon (+ Free Expense Sheet)

a stylist holding a dryer and a comb

6 Tips for Naming Your Salon Business 

tan leather salon chairs and blue back wall

How to Professionally Lay Out a Salon

champagne flutes and candles

How To Elevate Your Clients’ Salon Experience with Amenities

Sign-up for our newsletter, related posts.

As a hair salon owner, you must spend money to make money. But how much should you spend, and what should you spend it on? Your salon’s success depends on how you manage monthly expenses. 

The right hair salon name idea will communicate your brand identity and help you attract customers who are interested in your services and the client experience you and your stylists offer.

Knowing how to lay out a salon is a must for owners. A good design can make a real difference to your employees and customers. You need to consider certain factors before you invest in major changes.

Salon amenities show that your business is willing to go above and beyond to treat your clients. It provides them with experience outside of the services they’re paying for.

Let's Connect

We’d love to learn more about your business! Give us 20 minutes and we’ll show you how SalonBiz can help you crush your goals.

  • 3601 Walnut St. Unit 400 Denver, CO 80205
  • 1.888.809.2802
  • [email protected]
  • Hardware Requirements
  • IP Update Request
  • Privacy Policy
  • Terms of Use
  • Patron Terms

BBI logo

Now offering $5k per occurrence / $10k aggregate Tools and Supplies Coverage limits!

How to Write a Successful Salon and Spa Business Plan

  • April 12, 2024

Julis Navarro

Table of contents.

Woman smiles while writing on clipboard in beauty salon

You’ve dreamt of opening your own salon and spa , and now you’re ready to make it a reality. Congrats! You’re in for a rewarding journey ahead. Now is the time to prepare your new venture for long-term success with a comprehensive business plan.

Why should you write a business plan? A spa and salon business plan is your playbook—it’s your vision for your company and the steps you’ll take to bring it to life. Developing a business plan will help you outline your goals, strategize, and make informed decisions. It involves thorough research of your target market and competitors, as well as creating effective marketing strategies and assessing finances.

This blog will guide you through nine essential steps to develop a successful salon and spa business plan—whether you’re a hairstylist, an esthetician, a massage therapist, or a cosmetologist. Follow along with our free downloadable template and create your very own road map toward a flourishing business.

image of salon and spa business plan template

1. Start With the Executive Summary

The executive summary is the first section of your business plan. Think of it as a high-level overview of your salon and spa business. It should include a brief description of your business, its unique selling proposition, goals, mission statement, and keys to success.

The executive summary sets the tone for the rest of your spa and beauty salon business plan, so write it concisely and compellingly to grab the attention of potential investors and lenders.

2. Include Your Company Description and History

Why should a potential lender or investor care? This second section dives deeper into what makes your salon and spa unique—such as its services, target clientele, and competitive advantage.

If you’re already in business, you should also highlight your growth and success by including a brief business history. This will enable potential partners or investors to feel confident that you’re a worthwhile venture.

A well-crafted company description and history will help your salon or spa business plan stand out in the industry and give interested parties a clear idea of what your company offers.

3. Perform a Market Analysis

Performing market research provides the context of where your business will fit in. This requires thoroughly examining the current state of the salon and spa industry, identifying your target market, assessing the demand for your services in your area, and doing a competitive analysis to develop unique selling points.

Once you understand your desired clients’ needs, you can identify reasons why they might choose you over your competitors. As you write your spa’s or salon’s business plan, position your business with the insights from your market research, so that your company can rise above a crowded market.

Man smiles while holding tablet in barbershop

4. Detail Your Services and Pricing

This section enables potential lenders and investors to understand the scope of your provided services and your pricing strategy. It also helps you establish your business in the marketplace and communicate clearly with your customers. Highlight your value by outlining your services and prices—this, in turn, will illustrate how you will make money for your salon and spa business.

5. Explain Your Marketing and Sales Strategy

How will you attract customers and keep them happy? In a salon or spa business plan, this section outlines your methods for getting customers interested and generating sales. It should provide details on the target market’s psychographics and demographics, as well as your marketing strategies for engaging with them.

This can include initiatives, such as collaborations, social media marketing, partnerships, advertising, and promotional activities —all the ways you plan to raise awareness and acquire customers.

The sales plan should also detail pricing strategies, like bundles or discounts, and establish referral or loyalty programs to encourage repeat business. Ultimately, a salon or spa business must leverage thoughtful marketing and sales strategies for continued success.

6. Outline Your Operational Plan

Mapping out your daily operations, including opening hours, staffing, and service processes, allows potential lenders to envision your spa and salon business functioning at its best. It also ensures you have thought through the small details that can make or break your business.

In this section, you can also include information about your suppliers and a description of your facility to round out your operational plan. You’ll also need to think through operational needs, like:

  • What client scheduling software to use
  • Which types of salon insurance you’ll need
  • The payment processing tools that will best fit your needs—and more.

7. Highlight Your Management Team and Organization

Your management team plays a vital role in the day-to-day operations of your business, and investors want to know that you have a skilled and experienced team in place. In this section of your spa and beauty salon business plan, you must provide details about each management team member, including their responsibilities, credentials, areas of expertise, and previous work in the salon and spa industry.

You should also touch on your current and future staffing needs in this section. By showcasing your management team’s skill level and by forecasting employee organization, you will show investors that you have the necessary leadership to manage and grow your salon and spa business effectively.

Close-up image of financial report, calculator, budget binder, and other various items on desk

8. Present Your Financial Projections

Now it’s time to talk numbers. Your salon and spa business plan must include financial projections, which examine the financial health and anticipated profitability of the company. It outlines startup costs, a timeline for estimated income, expenses like salon and spa equipment and insurance, and a cash flow forecast.

Lenders and investors can determine your company’s viability based on these forecasts. It also helps you establish realistic financial objectives and create plans for success. Financial predictions are essential in proving the company’s financial viability and potential for growth in a spa and beauty salon business plan.

9. Finish With an Appendix

The final piece in a business plan for salons is the appendix, which provides additional details and supporting documentation. It includes market research data, financial forecasts, résumés of key employees, and other pertinent details that give your plan more substance and credibility.

By including an appendix, potential investors or lenders can learn more about the intricacies of your salon and spa business, increasing the professionalism of the plan and the likelihood of receiving backing for the endeavor.

Why Writing a Salon and Spa Business Plan Is Important

Writing a salon and spa business plan is crucial for several reasons. It helps you define your business goals and objectives, outlining the direction of your salon or spa. It creates a clear road map for success and guides your decision-making process.

A well-written spa or beauty salon business plan can also secure funding from investors or lenders, showcasing your professionalism, salon marketing plan and market knowledge, and potential for profitability.

Moreover, it is a valuable tool for monitoring progress and making necessary adjustments to ensure long-term success. Even if you’re not seeking funding, thoroughly thinking through every aspect of your business ensures nothing critical is overlooked as you grow.

Now that you know how to write a successful spa and salon business plan and why it’s important, it’s time to get started on yours. Use our free downloadable template below and lay the groundwork for the business you envision!

FAQs About Writing a Salon and Spa Business Plan

What is a salon and spa business plan.

A salon and spa business plan outlines goals, strategies, and financial projections. This plan serves as a road map for entrepreneurs and stakeholders, providing direction for growth and success. It includes sections on market analysis, target customers, competition, marketing strategies, services, operations, and finances. It addresses factors like location, staff, pricing, and revenue.

Why Should I Write a Salon and Spa Business Plan?

A salon and spa business plan is crucial for success in the beauty and wellness industry. A well-developed business plan is essential for funding, attracting investors, and guiding operations. Even if you’re not seeking funding, it ensures no critical aspects of your business are overlooked.

What Is the Business of a Spa?

A spa is a business that offers relaxation and rejuvenation services to consumers – massage therapy , facials, body treatments, and other health services like yoga or meditation sessions. The goal of a spa is to create a calm and pleasant atmosphere where clients can relax and take care of themselves, away from the stress of daily life.

What Is the Business of a Salon?

Salons provide beauty services to clients – manicures, pedicures, facials, waxing, haircuts, styling, coloring, and treatments. Salons often offer additional services like body treatments, massages, and cosmetics applications. The main goal of a salon is to enhance customers’ appearance and overall well-being, helping them to look and feel their best. Some salons also sell beauty supplies that customers can purchase and bring home.

Get Protected with Beauty and Bodywork Insurance Today

Get covered with.

Policies Starting at

or $96/year

About the Author

Picture of Julis Navarro

Related Articles

Female esthetician wearing a towel on her hair applies moisturizer to her cheek while filming with a smartphone.

7 Tips for Elevating Your Esthetician Instagram Account

  • July 2, 2024

how to write a business plan of salon

A Starter’s Guide to Cosmetology Insurance

  • April 26, 2024

Hairstylist and client smiling in salon

The Top 7 Benefits of Hairstylist Insurance

  • April 22, 2024

Ready to Make Your Life A Whole Lot Easier?

Let’s get you some insurance.

lotus flower alt logo image

Who We Insure

Massage Therapists

Cosmetologists

Estheticians

Hair Stylists

Salon & Spa Owners

What We Cover

General Liability Insurance

Professional Liability Insurance

Tools & Supplies Coverage

Products & Completed Operations

Cyber Liability Insurance

Personal & Advertising Injury

Fire Legal Liability Insurance

Helpful Links

Coverage Details

Insurance Glossary

Connect With Us

All policies have conditions, limitations and exclusions, please read the policy for exact verbiage. Claim scenario circumstances vary in nature and similar claims do not guarantee coverage.

  • Terms & Conditions
  • Privacy Policy
  • California Privacy Policy
  • Insurance Coverage by State
  • © 2013-2024 Veracity Insurance
  • All rights reserved.

Yocale

  • Calendar Schedules at a glance, easily customizable
  • Client Management Manage your clients ' journey (one place)
  • Client Portal All your clients’ needs in one place
  • Online Booking 24/7 booking from your website, Google, and beyond
  • Point of Sale Accept payments, manage invoices + better rates
  • Business Management Powerful yet easy business reports
  • Marketing Your latest business and marketing needs
  • Notifications Automated, digital reminders for clients + staff
  • Forms & Annotation Easily create digital forms + automate paperwork
  • Virtual Meetings Fully integrated, secure and interactive video conferencing
  • Reserve with Google Get booked right from your business listing on Google Maps
  • Yocale Pay Reduce your payment processing fees by up to 30%
  • Yocale Marketing Gain more clients and increase your revenue
  • Beauty Services Hair salons, barbers, eyelash studios, etc.
  • Health & Medical Medical spas, therapists, optometrists, etc.
  • Car & Automotive From carwashes to repair shops.
  • Shops & Boutiques For both in-store and online appointments.
  • Public & Professionals Law firms, notaries, etc.

how to write a business plan of salon

  • Online Calendar
  • Client Management
  • Client Portal
  • Online Booking
  • Point of Sale
  • Business Management
  • Notifications
  • Form & Annotation
  • Video Conferencing
  • Yocale Marketing
  • Beauty Services
  • Health & Medical
  • Car & Automotive
  • Pet Services
  • Public & Professionals
  • Shops & Boutiques
  • Beauty and Salon
  • May 27, 2024

How to Write a Winning Beauty Salon Business Plan

beauty-salon-business-plan

In today’s competitive beauty industry , starting or expanding a salon without a solid plan is like navigating a maze blindfolded. You might make some progress, but you’ll likely face numerous obstacles, detours, and frustrations along the way.

Without a clear roadmap, you’ll miss crucial opportunities or make costly mistakes that can jeopardize your salon’s success.

Fortunately, there’s a solution: crafting a comprehensive beauty salon business plan. This strategic document not only clarifies your vision and goals but also serves as a powerful tool for executing your strategies effectively and staying on track toward sustainable growth.

In this article, we’ll guide you through the process of creating a winning beauty salon business plan that can set you apart from the competition and position your salon for long-term success.

What is a Beauty Salon Business Plan?

A beauty salon business plan is a strategic roadmap that outlines your vision, goals, and actionable steps for starting and growing a successful beauty salon business. This comprehensive document serves as a blueprint for executing your strategies effectively, making informed decisions, and navigating the challenges and opportunities that arise along your entrepreneurial journey.

Why You Need a Beauty Salon Business Plan

A well-crafted business plan is more than just a document; it’s a strategic tool that can guide your beauty salon toward long-term success. Having a solid plan is crucial for several reasons:

– Defines Your Vision, Goals, and Unique Selling Proposition:

The process of creating a business plan forces you to crystallize your vision for your salon, articulate your long-term goals, and clearly identify what sets your salon apart from competitors. This clarity helps you define your ideal target market, including client demographics, psychographics, and buying behaviors.

Having a well-defined vision, goals, and unique selling proposition is essential for crafting an effective marketing strategy, delivering a tailored experience that resonates with your target audience, and staying focused on your objectives.

– Analyzes the Competition and Identifies Opportunities:

Conducting a thorough competitor analysis is a key component of your business plan . This process involves researching and analyzing direct and indirect competitors, their strengths, weaknesses, and market positioning. By understanding the competitive landscape, you can uncover opportunities to differentiate your salon and gain a competitive edge.

– Outlines Operations, Financials, and Facilitates Funding:

Your business plan should include detailed operational plans, such as your service delivery processes, staffing strategies, and legal/ regulatory compliance measures. Additionally, it should feature comprehensive financial projections, including start-up costs, ongoing expenses, revenue forecasts, and break-even analyses.

These operational and financial details are not only essential for making informed decisions and ensuring the viability of your salon but also demonstrate your professionalism, market understanding, and potential viability to potential investors or lenders. A well-crafted business plan can increase your chances of securing the necessary capital or funding to launch or grow your beauty salon.

– Guides Growth and Expansion:

As your salon grows and evolves, your beauty salon business plan serves as a roadmap for navigating challenges, seizing opportunities, and implementing strategies for sustainable growth and expansion.

– Measures Progress and Enables Course Correction:

By establishing clear benchmarks and metrics within your business plan, you can effectively track your salon’s progress and make informed decisions about pivoting or adjusting your strategies as needed.

A well-crafted beauty salon or medical spa business plan helps you stay focused, make data-driven decisions, and increase your chances of achieving your goals.

Key Components of a Beauty Salon Business Plan

Creating a comprehensive business plan is no small feat, but breaking it down into key components can make the process more manageable. A well-rounded and effective beauty salon business plan should encompass the following essential elements:

1. Executive Summary

The executive summary is the opening section of your business plan, designed to capture the reader’s attention and provide an enticing overview of your entire concept. Think of it as your elevator pitch – a concise yet compelling snapshot that summarizes the key highlights of your plan.

While this section will be the first component you present, it’s often written last, after you’ve fleshed out the other sections. This allows you to distill the most important and persuasive elements into a punchy, engaging summary.

Key Elements of an Effective Executive Summary:

  • Business Overview: Introduce your salon’s name, location, and a high-level description of the services you’ll offer.
  • Mission and Vision: Clearly state your salon’s mission – the driving purpose behind your business – and your vision for its future growth and impact.
  • Competitive Advantages: What key competitive advantages will help you stand out in the market? This could include your team’s expertise, eco-friendly focus, membership model, specific amenities, or other differentiators.
  • Growth and Revenue Potential: Include a teaser of your projected growth trajectory, revenue forecasts, and the overall market opportunity you aim to capture.
  • Leadership Team: If you have a strong management team or industry veterans on board, mention their experience and expertise as a competitive advantage.

Remember, the executive summary should be concise, typically no more than one page. Its purpose is to pique the reader’s interest and provide a compelling overview that motivates them to delve deeper into your comprehensive beauty salon business plan.

2. Company Description

This section provides an in-depth overview of your beauty salon, allowing readers to fully understand your business concept, goals, structure, and what makes you unique in the market.

Key Elements of a Company Description:

  • Business Structure & Ownership: State whether your salon will operate as a sole proprietorship, partnership, limited liability company (LLC), corporation, or other structure. Outline the ownership details accordingly.
  • Company History (if applicable): If you are an existing salon, provide a brief history covering when and why the business was started, key milestones, and any previous ownership.
  • Salon Concept & Branding: Clearly describe the overall concept, theme, and branding for your salon. What type of experience and ambiance will clients enjoy? Use descriptive details to paint a vivid picture.
  • Services & Product Offerings: Outline the full range of services and product lines you plan to offer. Consider categorizing them into hair care, skin care, nail care, makeup, etc. Highlight any specialties or niche offerings.
  • Target Market & Positioning: Reiterate your intended target market segment(s) and how your salon will be positioned to attract those ideal clients. This could relate to factors like price point, service quality, location, etc.
  • Legal Structure & Licensing: Note any specific licenses, permits, certifications, or other legal requirements to legally operate your salon.
  • Mission, Vision & Values: Share your company’s mission describing its purpose, your vision for its future growth, and core values that shape the business culture.

By the end of this section, readers should have a clear picture of your salon’s identity, market positioning, and exactly what makes it unique and poised for success.

3. Market Analysis

A thorough market analysis is essential for gaining valuable insights into your industry, target customers, and competitors. This research-intensive section explores the landscape you’ll be operating in and identifies both opportunities and potential threats.

Target Market Analysis:

  • Define your ideal client demographics (age, gender, income level, location, etc.)
  • Describe the psychographic profile (values, interests, lifestyles, behavior patterns)
  • Evaluate the market size and growth potential for your target segment
  • Identify key drivers and motivations that influence buying decisions
  • Uncover any underserved niches or opportunities within your target market

Competitive Analysis:

  • Identify your direct and indirect competitors in the area
  • Conduct a SWOT analysis of major competitors (strengths, weaknesses, opportunities, threats)
  • Analyze competitors’ market positioning, pricing strategies, and unique selling points
  • Estimate market share and outline how you plan to capture a portion

Here’s an example of a SWOT analysis table for a beauty salon business:

– Highly skilled and experienced staff – High competition in the local market – Growing demand for beauty services – Economic downturn affecting consumer spending
– Unique and trendy salon ambiance – Limited budget for marketing and advertising – Expanding into new service offerings (e.g., skincare, spa treatments) – Seasonal fluctuations in demand
– Strong customer loyalty and repeat business – Limited parking space or accessibility – Partnering with local businesses or events for promotions – Entry of large chain salons in the area
– Convenient location with high foot traffic – Reliance on a single supplier for key products – Increasing focus on eco-friendly and sustainable practices – Rising costs of salon equipment and supplies

Industry Analysis:

  • Assess the current size and growth projections for the beauty/ personal care industry
  • Identify key industry trends and drivers (sustainability, clean beauty, technology, etc.)
  • Examine seasonality factors that impact demand for beauty services
  • Understand the regulatory landscape and legal requirements to operate compliantly
  • Analyze economic factors that could influence the industry positively or negatively
  • Identify potential threats from disruptive new technologies or service models

To gather data for your analysis, use a combination of primary research (customer surveys, focus groups, etc.) and secondary research (trade publications, market reports, government data, etc.). Consider including charts, graphs, or other visuals to effectively present your findings.

By thoroughly analyzing your market, competition, and overall industry, you demonstrate a solid understanding of the space you’ll operate in and the viability of your salon concept.

4. Marketing and Sales Strategy

Having a comprehensive marketing and sales strategy is crucial for attracting and retaining clients for your beauty salon. This section outlines your plans for building brand awareness, generating leads, converting prospects into customers, and fostering long-term loyalty. It should include:

Branding and Positioning:

  • Brand identity (name, logo, tagline, brand personality)
  • Unique value proposition and key differentiators
  • Positioning strategy to stand out in the market
  • Messaging and visual identity guidelines

Marketing Channels and Tactics:

  • Digital marketing plan (website, SEO, social media, influencer marketing, email, etc.)
  • Traditional advertising (print, radio, direct mail, etc.)
  • Local marketing initiatives (events, partnerships, community outreach)
  • Referral and loyalty programs to incentivize word-of-mouth
  • Launch marketing activities to build initial awareness

Pricing Strategy:

  • Pricing model (e.g., à la carte, packages, memberships)
  • Pricing analysis of competitors and perceived value
  • How pricing aligns with your target market and positioning
  • Opportunities for upselling, cross-selling, or value-added services

Sales and Promotions:

  • Lead generation and conversion funnel process
  • Special promotions, discounts, or free trial offers
  • Client retention strategies (superior service, rewards, education)
  • Up-selling and cross-selling opportunities at the point of sale
  • Retail merchandising and product promotion tactics

In this section, be sure to include specific metrics you’ll use to measure success, such as website traffic goals, lead generation targets, conversion rates, average ticket size, and client retention rates. With a detailed, multi-pronged approach, you demonstrate how you’ll acquire and keep a loyal client base, helping you craft a winning beauty salon business plan.

5. Operations Plan

An effective operation plan details the systems, processes, and logistics essential for running your beauty salon’s daily activities while ensuring a consistently exceptional client experience. It usually covers:

Physical Location and Facilities:

  • Salon address and description of the area demographics
  • Square footage and layout design (reception, styling stations, treatment rooms, etc.)
  • Any unique amenities or design elements to enhance the client experience
  • Compliance with zoning, accessibility, and other regulations

Equipment, Supplies, and Inventory:

  • List of essential equipment (chairs, stations, dryers, hot towel cabinets, etc.)
  • Beauty products and retail inventory (haircare, skincare, makeup, etc.)
  • Suppliers and vendors for managing inventory levels cost-effectively
  • Equipment maintenance and replacement plan

Service Delivery Process:

  • Appointment booking systems and procedures (You can use a beauty salon software like Yocale )
  • Client intake, consultation, and check-in/ out process
  • Protocols for different service workflows (hair, nails, facial, etc.)
  • Strategies for efficient staff utilization and client throughput
  • Systems for ensuring consistent service quality and excellent experiences

Staffing and Training:

  • Roles and responsibilities for staff positions
  • Recruitment and hiring criteria for new talent
  • Comprehensive training programs on technical skills and customer service
  • Continuing education opportunities to sharpen skills
  • Employee compensation, benefits, and incentives structure

Legal and Regulatory Compliance:

  • Required licenses and permits (cosmetology, business operations, etc.)
  • Health, safety, and sanitation protocols per industry regulations
  • Insurance requirements (liability, etc.)
  • Customer privacy and data policies
  • Continuing education for staff to maintain licensing

By detailing your operational strategies, you demonstrate a well-thought-out plan for delivering your services seamlessly while prioritizing the client experience.

6. Management and Organization

The management team and organizational structure are critical for executing your salon’s operational strategies and cultivating a positive, productive workplace culture. This section of your beauty salon business plan outlines:

Ownership and Management Team:

  • Owner(s) background, relevant experience, and roles
  • Bios of other partners, directors, or executive management (if applicable)
  • Internal salon management / leadership structure and responsibilities
  • Board of advisors or external professionals providing guidance

Staffing Plan:

  • Projected staffing needs based on salon size and services
  • Job descriptions and responsibilities for each role
  • Recruitment and hiring strategy to attract top talent
  • Comprehensive training programs for technical and customer service skills
  • Employee compensation, benefits, and incentive structure
  • Strategies for promoting from within and succession planning

Corporate Culture and Values:

  • Core values and principles that shape the company culture
  • Vision for cultivating a positive, productive work environment
  • Policies and programs that reinforce desired culture (open communication, work-life balance, continuing education, etc.)
  • Performance management and employee review processes
  • Approaches for resolving conflicts and promoting accountability

Investors and lenders will closely evaluate this section to gauge whether you have a strong, unified leadership team with relevant experience and the ability to build a skilled, motivated team aligned with your company’s values and vision.

By providing thorough details on your management team, staffing strategy, and approach to corporate culture, you demonstrate your salon’s potential for long-term success driven by its people.

7. Financial Projections

According to the U.S. Small Business Administration, 80% of small businesses survive their first year, but only about 50% make it to the five-year mark. A solid financial plan can increase your chances of long-term success. This plan should include a detailed analysis of your current financial situation, clear long-term monetary goals, and specific strategies to achieve these goals. Key components of a financial plan typically involve:

Start-up Costs and Capital Requirements:

  • Estimated leasehold improvements, equipment, furniture, and technology
  • Legal and professional fees for licenses, permits, business formation
  • Initial marketing and advertising expenses for launch
  • Starting inventory and supplies
  • Initial hire and training costs
  • Working capital buffer for operating expenses before profits

Operating Expense Projections:

  • Rent or mortgage payments
  • Payroll and employment taxes
  • Utilities, insurance, security, and facility maintenance
  • Supplies and disposables for service delivery
  • Marketing, advertising, and promotional costs
  • Professional services (legal, accounting, etc.)
  • Loan repayments and interest
  • Other overhead expenses

Revenue and Income Projections:

  • Service pricing and anticipated demand forecasts
  • Client visit estimates and average spend projections
  • Retail product sales forecasts
  • Projected income statements for 3-5 years
  • Cash flow projections showing funds from operations
  • Break-even analysis identifying when profits are expected

Funding Requirements and Use of Funds:

  • Total funding needed for start-up and initial growth phases
  • Existing capital or financing commitments already secured
  • Additional equity or debt financing still required
  • Detailed breakdown of how funds will be utilized

This section should include concise narrative explanations of your forecasts and assumptions, as well as charts, graphs, and financial statements that clearly depict the numbers. Be sure your projections are well-researched and as accurate as possible, as unrealistic figures could undermine your credibility.

Robust financial projections in your beauty salon business plan instill confidence in potential investors by demonstrating your thorough understanding of costs and your salon’s path to profitability.

8. Appendices

The Appendices contain additional information and materials that further validate and reinforce the key details outlined throughout your business plan.

Potential Appendices to Include:

  • Professional Resumes/ CVs/ Bios : For all key members of the leadership and management team showcasing relevant experience.
  • Licenses, Permits, and Certifications : Copies of any required operational licenses, professional certifications for staff, building permits, etc.
  • Market Research Data : Any proprietary market research, consumer surveys, focus group findings, or third-party industry reports referenced.
  • Product/ Service Details : Brochures, menus, sample marketing materials, or other marketing collateral detailing your offerings.
  • Site Plan and Photos : Architectural renderings, layout designs, and photographs of the proposed salon location.
  • Franchise Documentation : For franchised salons, include Franchise Disclosure Documents and agreements.
  • Letters of Intent or Partnerships : Formal letters or documentation of any strategic partnerships.
  • Leases and Contracts : Copy of property leases, equipment leases, vendor agreements, etc.

The appendices provide an opportunity to expand on information concisely summarized in the main plan, giving readers a deeper level of detail if desired. Be sure to clearly label each appended document for easy reference.

Having a comprehensive set of appendices further validates the legitimacy of your beauty salon business plan and the depth of research and preparation behind it.

Writing Your Beauty Salon Business Plan

Here’s a suggested step-by-step approach to help you craft an effective and detailed beauty salon business plan:

  • Research and Gather Information: Conduct thorough market research, analyze your competition, and collect data on your target audience, industry trends, and financial projections.
  • Outline Your Plan: Create a detailed outline that covers all the key components mentioned above. This will help you organize your thoughts and ensure a logical flow.
  • Write and Refine: Flesh out each section of your plan, using clear and concise language. Don’t hesitate to seek feedback from mentors, industry experts, or professionals who can provide valuable insights.
  • Finalize and Implement: Once you’ve refined your plan, finalize it and use it as a living document to guide your decision-making and track your progress.

Remember, your business plan is not set in stone – it should evolve as your salon grows and adapts to changing market conditions or new opportunities.

Creating a comprehensive beauty salon business plan requires time, effort, and dedication, but it’s an investment that can pay dividends in the long run. By clearly defining your goals, strategies, and financial projections, you’ll be better equipped to navigate the challenges of running a successful salon.

With a solid business plan and the right tools in place, you’ll be well on your way to building a thriving beauty salon that stands out in a competitive market.

1. How do I write a salon business plan?

To write a salon business plan, start with an executive summary of your mission, services, and goals. Include a company description, market analysis, and details about your management team. Describe your services and pricing, and outline your marketing and sales strategy. If seeking funding, specify your financial needs and projections for the next 3-5 years. Conclude with an appendix for additional documents like resumes and permits. Tailor each section to reflect your salon’s unique vision and objectives.

2. How can I succeed in beauty salon business?

To succeed in the beauty salon business, focus on providing excellent customer service, offering high-quality services, keeping up with industry trends, and implementing effective marketing strategies. Additionally, manage finances wisely and continuously train your staff to maintain a competitive edge.

3. Is a beauty salon a good investment?

A beauty salon can be a good investment if it’s well-managed, located in a high-demand area, and offers quality services. Success depends on factors such as effective marketing, excellent customer service, and keeping up with industry trends.

4. Is it hard to start a beauty business?

Starting a beauty business can be challenging due to factors like securing funding, finding a suitable location, and attracting clients. Success requires thorough planning, industry knowledge, effective marketing, and excellent customer service. However, with dedication and the right strategies, these challenges can be overcome.

5. How to create a salon budget?

To create a salon budget, start by estimating initial costs such as rent, equipment, licenses, and renovations. Calculate ongoing operating expenses, including utilities, salaries, inventory, marketing, and insurance. Project your revenue based on service prices and expected client volume. Plan for contingencies by setting aside funds for unexpected expenses. Regularly review and adjust your budget to stay on track and ensure financial stability.

  • How to Write a Sales and Marketing Plan, BPlans, https://www.bplans.com/business-planning/how-to-write/marketing-sales/
  • How To Run A Successful Salon (The Salon Owner Guide), Trafft, https://trafft.com/how-to-run-a-successful-salon/
  • 6 Basic Financial Ratios and What They Reveal, Investopedia, https://www.investopedia.com/financial-edge/0910/6-basic-financial-ratios-and-what-they-tell-you.aspx
  • 7 Ultimate Ways to Grow Your Salon Business in 2023, The Salon, business, https://thesalonbusiness.com/how-to-grow-your-salon-business/
  • The SWOT of a beauty salon (with examples), Dojobusiness, https://dojobusiness.com/blogs/news/beauty-salon-swot
  • How to Write a Market Analysis: a Comprehensive Guide, Sharp Sheets, https://sharpsheets.io/blog/how-to-write-market-analysis/

Ready to Get Started?

  • Forever free plan
  • No credit card required
  • Cancel anytime

how to write a business plan of salon

  • Terms of service
  • Privacy policy

Popular features

  • Online calendar
  • Client management
  • Forms & annotation
  • Virtual appointments
  • Help center

Growthink logo white

Beauty Salon Business Plan Template

If you want to start a beauty salon business or expand your current one, you need a business plan.

Over the past 20+ years, we have helped over 5,000 entrepreneurs and business owners create business plans to start and grow their beauty salons.

Below are links to each section of an example beauty salon business plan template:

Next Section: Executive Summary >

Beauty Salon Business Plan FAQs

What is the easiest way to complete my beauty salon business plan, where can i download a beauty salon business plan pdf, what is a salon business plan or beauty bar business plan.

A business plan provides a snapshot of your salon as it stands today, and lays out your growth plan for the next five years. It explains your business’s goals, business model, the type of services you will offer (beauty services, spa services, nail services, skin care services and/or hair salon services), management team, target market, and a marketing plan for the many ways you can reach new and existing clients. It also includes market research to support your plans and allow you to find the perfect salon location.

A comprehensive financial plan is also key to include so you can show investors the potential viability of your business.

Why Do You Need a Business Plan for a Beauty Salon?

What are the sources of funding for a beauty salon.

With regards to funding, the main sources of funding for a new beauty salon are bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional salon business plan. Such a plan will give them the confidence that you can successfully and professionally operate your own business.

The second most common form of funding for any type of salon is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan. 

This is all true for a new salon business plan or a plan to grow an existing salon business.

BEAUTY SALON BUSINESS PLAN OUTLINE

  • Beauty Salon Business Plan Home
  • 1. Executive Summary
  • 2. Company Overview
  • 3. Industry Analysis
  • 4. Customer Analysis
  • 5. Competitive Analysis
  • 6. Marketing Plan
  • 7. Operations Plan
  • 8. Management Team
  • 9. Financial Plan
  • 10. Appendix
  • Beauty Salon Business Plan Summary

Other Helpful Business Plan Articles & Templates

Use This Simple Business Plan Template

BusinessDojo

Item added to your cart

How to write a business plan for your hair salon.

business plan for a hair salon

Starting a hair salon is a great way to be your own boss and make a living doing something you love.

It also offers potential for growth and diversification, allowing you to add additional services or products to your business.

But, before launching anything, make sure you have a business plan in place.

A business plan is an essential tool for any new project, and a hair salon is no exception. Writing a business plan will help to ensure that the project is well-thought-out and has a clear roadmap for success.

In short, a thorough business plan will help make sure your hair salon is profitable .

What should you consider when writing a business plan for a hair salon? What should be the main focus areas? What are the important financial ratios to consider? How can I speed up the process of developing an efficient business plan?

Please, find comprehensive answers to all these questions below.

Additionally, it's worth noting that you have the option to avoid starting your business plan from scratch.

Instead, you can download our business plan for a hair salon and adapt it to your project.

business plan beauty salon

Creating a business plan for a hair salon

Will a business plan be beneficial for your hair salon.

Yes, you should create a business plan to ensure the success of your hair salon.

Developing a robust business plan will enable you to:

  • learn about the hair salon market
  • be aware of new consumertrends and apply them to your project
  • identify factors for viability in a hair salon
  • understand the latest hair trends, styling preferences, and customer expectations in salon services
  • find a great unique value proposition for your hairstyling salon
  • investigate competitor customer retention strategies
  • find competitive advantages for your hair salon
  • find a business model that delivers consistent positive financial outcomes
  • establish and execute a solid and strategic action plan for long-term success
  • evaluate potential risks specific to a hair salon, including customer satisfaction, employee training, and product safety

Our team has drafted a business plan for a hair salon that is designed to make it easier for you to achieve all the elements listed.

How to outline a business plan for a hair salon?

Your business plan will include a wide range of numbers and valuable information. It must be presented in a structured format, to make easy to read and digest.

When we built our business plan for a hair salon , we took care to arrange it appropriately.

There are 5 parts within the business plan.

1. Market Opportunity

The introductory section has been named "Market Opportunity".

Our team has gathered essential information and metrics about the hair salon, providing valuable insights for entrepreneurs in this industry.

The data here is always kept current; we update it biannually.

2. Project Presentation

The "Project" section provides an opportunity to describe your hair salon, specifying the range of hair services you offer (cut, color, styling), specialized treatments, talented stylists, haircare products, salon ambiance, and the unique value proposition that guarantees exceptional hairstyling and customer satisfaction.

Remember to introduce yourself at the end of this section.

Discuss your passion for hairstyling, your expertise in hair trends and techniques, and how you plan to create a personalized and transformative hair salon experience for clients. Highlight your range of services, your skilled stylists, and your dedication to providing individualized consultations and exceptional customer service that leaves clients feeling confident, stylish, and satisfied at your hair salon.

We prepared text in our business plan. Customize it to suit your idea.

3. Market Research

Moving on, there's the "Market Research" section.

In this section, you will find a market segmentation analysis for your hair salon.

It includes a study of other hair salons in the area that will be competing with you. Your salon's unique hair services and competitive advantages are also highlighted. A customized SWOT analysis is included.

4. Strategy

The "Strategy" section outlines a comprehensive 3-year action plan, detailing the initiatives and steps needed to transform your hair salon into a highly profitable endeavor.

Furthermore, this section encompasses a comprehensive marketing plan, a strategy to mitigate risks, and a completed Business Model Canvas.

5. Finances

In the end, the section titled "Finances" is where you can present the financial plan and breakdown for your project.

business plan hair salon

How to write the Executive Summary for a hair salon?

The Executive Summary gives a summarized glimpse into the business plan of your hair salon.

Keep it brief, not going over 2 pages. Highlight the essential points.

When you share your business plan with an investor, this is the part they will read at the beginning. It should grab their interest and make them want to read the rest of the plan.

In the Executive Summary of your hair salon, address the following queries: what services does your hair salon offer? who is your target audience? are there other hair salons in the area? what makes your salon unique? what funding do you need?

How to do the market analysis for a hair salon?

Analyzing the market for your hair salon allows you to gain insights into factors such as customer preferences for hairstyling and haircare services, competition from other salons, and emerging trends in hair fashion.

By conducting a comprehensive market study, a hair salon can identify customer preferences, offer a range of hair services, optimize pricing strategies, and execute targeted marketing campaigns, ultimately leading to a loyal customer base, increased appointments, and a prominent position in the local hair care industry.

Here's what we've incorporated into the "Market Research" section of our business plan for a hair salon :

  • fresh and updated data and statistics about the hair salon industry, including popular hairstyles, hair care trends, and customer preferences
  • a list of potential market segments for a hair salon
  • the competitor analysis
  • the competitive advantages to target for a hair salon

business plan hair salon

The key points of the business plan for a hair salon

What's the business model of a hair salon, business model of a hair salon.

A hair salon's model revolves around providing various hair care services, including haircuts, styling, coloring, or treatments. Revenue is generated through service fees, potentially offering retail hair products or additional beauty services.

The business model focuses on employing skilled hair stylists, providing personalized consultations, using quality hair products, creating a welcoming and trendy salon environment, and building strong client relationships through exceptional service and hairstyling expertise.

Success depends on stylists' talent and creativity, effective marketing to target individuals seeking hair services, maintaining industry trends and techniques, fostering positive client reviews and referrals, and providing a satisfying and rejuvenating salon experience.

Business model ≠ Business plan

Be clear on the distinction between "business plan" and "business model."

A business model is a blueprint for how a company operates and makes money.

In a business plan, you use the Business Model Canvas as a visual aid to explain the inner workings of your business.

Rest assured, there is a Business Model Canvas (already completed) in our business plan for a hair salon .

How do you identify the market segments of a hair salon?

Market segmentation for your hair salon involves dividing your potential customers into different groups based on their haircare needs, preferences, and demographics.

These categories may include factors such as haircuts and styling, coloring and highlights, extensions, or customers seeking specific hair treatments (e.g., keratin treatments, scalp treatments).

By segmenting your market, you can offer a range of hair services and solutions that cater to each segment's specific requirements. For example, you might provide a variety of haircut and styling options for customers seeking trendy or classic looks, offer professional hair coloring and highlighting services for customers looking to enhance their hair color, specialize in hair extensions and volumizing treatments, or provide specialized treatments for customers with specific hair concerns such as damaged hair, dry scalp, or frizz control.

Market segmentation allows you to effectively target your marketing efforts, showcase your hairstyling expertise, and deliver personalized and satisfying hair services that meet the unique needs and preferences of each customer segment.

In the business plan for a hair salon , you will get a detailed market segmentation, helping you understand your target audiences and their needs.

How to conduct a competitor analysis for a hair salon?

Without surprise, you won't be the only hair salon in your city. There will be other establishments offering hair styling, cutting, and coloring services to customers.

Your business plan must incorporate a thorough examination of your competitors, including their characteristics, strengths, and weaknesses.

Pay attention to their weaknesses (such as inexperienced stylists, lack of trending hairstyles, or poor customer satisfaction).

Why is it crucial to notice these aspects? Because these weaknesses can impact the client experience at hair salons. By addressing these elements, you can provide a wide range of hair services and treatments, offer skilled and creative stylists, and create a welcoming and stylish salon environment, establishing your hair salon as a preferred choice for hair care and styling needs.

It's what we call competitive advantages—work on developing them for a distinct business identity.

Here are some examples of competitive advantages for a beauty salon: skilled and experienced stylists, wide range of beauty services, relaxing and luxurious ambiance.

How to draft a SWOT analysis for a beauty salon?

A SWOT analysis can help identify potential strengths, weaknesses, opportunities, and threats that may affect the success of a hair salon.

As you can guess, there is indeed a completed and editable SWOT matrix in our business plan for a hair salon

The strengths for a hair salon

The letter "S" in SWOT signifies Strengths, highlighting the project's internal advantages or positive features.

For a hair salon, potential strengths include excellent customer service, a wide range of services, experienced staff, and attractive pricing.

The weaknesses for a hair salon

The "W" stands for Weaknesses, referring to the areas or aspects of the project that need to be addressed.

For a hair salon, potential weaknesses could include lack of repeat customers, limited marketing budget, lack of online presence, and lack of staff training.

The opportunities for a hair salon

O represents Opportunities in SWOT, referring to the external factors or conditions that can create opportunities for the project's advancement.

In the case of a hair salon, potential opportunities may include offering online booking services, expanding into new markets, providing additional services such as cosmetics and nail care, and advertising on social media.

The threats for a hair salon

The "T" in SWOT stands for Threats, which are external factors that may pose risks or challenges to the project's success.

How to outline a marketing strategy for a beauty salon?

A marketing strategy is a vital element of a business plan as it details how a business will attract customers and generate business.

A hair salon can attract clients in need of professional and trendy hairstyling services by implementing a targeted marketing plan that highlights the salon's skilled stylists and personalized approach.

Clients won't choose your beauty salon without effective marketing; showcasing your range of services, talented stylists, and relaxing atmosphere is crucial.

Are you implementing effective marketing strategies for your hair salon? Consider offering first-time client discounts or referral programs, showcasing trendy hairstyles or transformations on social media, and partnering with local fashion influencers for endorsements.

Don't fret if you lack ideas for your project's marketing strategy.

How to build a solid financial plan for a beauty salon?

A successful business plan must include detailed financial information, such as income and expense projections, cash flow statements, and a break-even analysis.

As you outline your business plan, you should include revenue projections for your hair salon.

The inclusion of a relevant and credible revenue forecast in your business plan adds credibility and enhances appeal to banks or investors.

Our financial plan for a hair salon is straightforward and equipped with automated checks, enabling you to validate and adjust your assumptions easily. This way, we make sure you're building solid financial projections.

Without a doubt, you'll need to come up with a basic budget for starting your hair salon. Make certain to include all expenses without exception - you can find them all listed in our financial plan!

The break-even analysis is a crucial tool in your financial plan, providing insight into whether your hair salon will become a profitable company or not.

  • Choosing a selection results in a full page refresh.
  • Opens in a new window.

Features overview

All Features

Keep your business running 24/7 with Trafft features and integrations

Features and Plans Comparison

Check the detailed comparison of Trafft plans

Reserve with Google

Accept bookings via Google Search and Maps

WordPress Plugin

Add Trafft booking form to any page of your WordPress website

Business and client management

Business Dashboard

Gain a comprehensive view of your business performance

Business Processes Automation

Automate every single aspect of your business with one tool

Employee Management

Organize everything related to employees

Customer Management

Gain more returning customers

Self-Serve Customer Booking

Let your customers book, cancel or reschedule appointments 24/7

Booking and Scheduling System

Booking Core

Adapt Trafft completely to your specific booking needs

Smart Calendar and Scheduling

Have a clear view of all your appointments in one calendar

Flexible Scheduling

Create your schedules with complete flexibility

Payment Automation

Payments Processing

Get paid for your services easily, safely and on time

Invoicing and Tax Management

Manage invoices, taxes and payments automatically

Marketing and Sales

No-code Booking Page Creation

Promote your brand online with a customizable booking page

Loyalty Boost

Automate and personalize the communication with customers

Lead Capture

Turn your leads into customers with effective marketing

Integrations

Use Trafft's integrations to connect Trafft with other tools

Can’t find your industry?

Book a demo to see if we’re a match!

White Label Solutions

Trafft Blog

Check out the latest information on industry trends and get advice for running a service business online

Guides and Documentation

Get a detailed explanation of how every Trafft feature and integration work

Read about Trafft’s story, mission and values we share

Affiliate and Partners

Join us on our journey of helping service businesses thrive through automation

Partner with Trafft and expand your market reach

Investor Relations

Reach out to us if you are interested in investing in Trafft

Learn more about why you should choose Trafft

Feel free to reach out if you have any questions or suggestions

WordPress plugin

Creating a Successful Salon Business Plan: A Step-by-Step Guide

Jovana Smoljanovic Tucakov

  • January 23, 2024
  • For Salon Owners

illustration of a salon business plan

If you plan to open a salon, besides setting the objectives, you’ll need to know how you’re going to achieve them. Or, in other words, you need a sound salon business plan.

Creating a salon business plan can help you identify specific goals and strategies, as well as provide guidance on how you can reach them and see your business thrive. Knowing how to craft your plan is vital, as it can easily make or break your salon business.

This article will walk you through how to create a salon business plan step-by-step.

Why is a Salon Business Plan so Important?

What is a salon business plan.

A salon business plan is a formal, written statement of the goals you want to set for your business. It explains why you want to set those goals and what your plan is for reaching them. A salon business plan might also include information about the individuals or teams working toward those goals with you.

A good salon business plan gives an overview of where your business is at now and explains where you want to be in the future. It also includes marketing information and research that impact your business plan in general. In fact, think of your salon business plan as a road map where you show where you are now and explain where you’re headed and what it will take to get there.

As you build your salon business plan, it’s important to include information about the process of opening your salon. This information is important because, right from the get-go, you lay the groundwork for success. This groundwork then helps you run and grow your salon business .

Why is a business plan essential for the success of your salon?

A salon business plan is an essential tool for the growth and success of any salon. It is important as it helps you to jot down your ideas and thoughts, arrange them in an organized manner, and develop an overall plan to implement them.

Writing a salon business plan also enables you to identify potential difficulties and challenges that may arise in the future. Once you’ve identified them, you can create a strategy to address them.

Having a business plan is just one of the essential steps to opening your very own salon – to see what other boxes need to be checked, download our Opening a Salon checklist PDF :

The Ultimate Checklist You Need to Open Your Salon

Get Trafft’s FREE & PRINTABLE step-by-step opening a beauty salon checklist every salon owner needs.

Bonus: Discover 5 essential steps to building a successful beauty salon

how to write a business plan of salon

Benefits of having a sound salon business plan

A well-crafted salon business plan comes with many benefits:

  • A Greater Success Rate : A good business plan allows you to mitigate risks, make better-informed decisions, and improve your chances of running a successful salon.
  • Better Financial Management : A well-written salon business plan includes your budget, financial projections, and expense management. This helps you keep tabs on your salon’s financial health, which leads to financially sound decisions.
  • Improved Marketing Strategies : A sound business plan requires you to conduct market research and develop marketing strategies. Then you can identify your target market, predict customer preferences, and adjust your marketing efforts to be more effective.
  • Increased Operational Efficiency : A salon business plan ensures that you implement efficient operational processes. This allows your salon to keep running smoothly and leads to increased customer satisfaction.

How to Write a Salon Business Plan in Just 12 Steps

  • Write an executive summary
  • Create effective mission and vision statements
  • Include a salon business description
  • Analyze the market and identify your target audience
  • Check what your competitors are up to
  • Identify products and services you wish to offer
  • Craft a sound financial plan
  • Tackle management and organization
  • Plan your everyday operations
  • Think about your marketing strategy
  • Think about sales
  • Don’t forget to include risks

1. Write an Executive Summary

An executive summary explains what your salon is like and why it is successful. In most cases, a potential investor would go straight to this section to get an idea of what the business is like. If the executive summary isn’t interesting or compelling, they won’t read any further. That makes it an essential section and the first step when writing your salon business plan.

The executive summary should include information that is relevant to stockholders or investors. Include details about your target market, business objectives, and financial projections. Don’t forget to add information about your products and service menu, as well as your vision and mission. The main idea is to let the reader know what’s up, grab their attention, and make them want to keep reading.

Key components

An executive summary of every salon business plan should include the following information:

Business overview : Introduce the reader to your salon. Include information like the name and location, and a brief description of your core values, vision, and mission.

Market analysis : Provide a summary of your research on your target market. Include details about the target market’s trends and demographics. Then highlight gaps or opportunities in the market that you plan to capitalize on.

Your business objectives : Clearly identify your business goals and state what you want your salon to achieve. This might include details like expansion plans, revenue targets, or customer acquisition goals. In this section, you can include any goals that will affect your salon’s growth and success .

Products and Service menu : Give a brief overview of what your salon offers. Make sure your unique features and competitive advantages stand out. Explain what your salon is doing to meet the needs of the target market.

Marketing strategies : Explain your marketing strategy. This includes information about advertising, branding, social media, and so on. If you have any original ideas for how to make your salon stand out from the competition, make sure to highlight them.

Your financial projections : Provide a detailed financial plan overview. Include any information about profit targets, expenses budget, and revenue forecasts. Highlight any achievements or milestones you have reached that prove the financial viability of your salon.

Any funding requirements : Clearly explain the funding requirements for your salon. Explain how much funding you need, how you will use the funds and any other potential sources of funds you have.

2. Create Effective Mission and Vision Statements

Girl standing on growing arrows and looking through binoculars. Woman searching for opportunity or job flat vector illustration. Business strategy, goal, pathway, career concept

Image by pch.vector on Freepik

A mission statement is a short explanation of why you created your salon, what your goal is, and how you want to achieve it. Your mission statement is an important part of your salon business plan, so it should be the first thing you see on the page. It’s a good idea to put it at the top of the page where you and others can see it and be reminded of your purpose.

The mission statement gives you the chance to express your purpose and intention. It not only explains why you started the salon, but it also explains what you have to offer. It shows what sets you apart from the competitor salons and captures the spirit with which you run your salon.

In just a few words, your mission statement can determine what drives your business.

Defining your purpose and aspirations

Part of the purpose of a mission statement is to define your purpose and what you offer. Your purpose is the reason you exist and what you have to offer potential customers. To get an idea of what your mission statement should include, ask yourself “Why does my salon exist?”

A vision statement serves a similar purpose. It explains where you want to take your business and what you hope to achieve. It defines your goals and the future impact you want to have. To identify the key points that will go into your vision statement, ask yourself “Where do I see my salon in the future?”

Putting your purpose and your long-term goals in writing plays an important role in having a successful business plan.

How to craft mission and vision statements

Here are a few examples of things you can consider when you are writing your mission statement and your vision statement. This will help you come up with ideas that reflect your identity and direction as a salon.

  • Have a brainstorming session with your team. Ask them “What do you think makes this salon unique? What do you love about working here? What do you personally want to achieve?”
  • Identify core values. What specific values do you want to uphold in everything you do? Some examples of core values are: creativity, integrity, excellence, diversity, and
  • Put your mission statement in writing. Use your core values as a starting point. Then write a short, simple sentence that sums up your salon’s purpose and what you offer to clients.
  • Write your vision statement. Write a short, inspiring sentence that describes your long-term goals for the salon and what you want to achieve.
  • Review and refine. Once you have your mission and vision statements written down, take some time to review them. Make sure your statements are both clear and concise, as well as compelling.

In case you need a bit of help, take a look at some brilliant salon mission statement examples sure to inspire you.

Also, writing an effective slogan will only underline the message you wish to send, so make sure you have one ready.

3. Include a Salon Business Description

Company description.

A company description is a quick overview of your business that explains the core values of your company. This part of your salon business plan is all about giving a quick and simple rundown to the readers. It’s meant to give them a general idea of what your business is all about.

Outlining the details

Your salon business description provides all the basic details about your salon. You should include the name of your salon, the location, and your contact information. Also, include the details about the legal structure of your salon. This information is the foundation of the rest of your business description. Thus, it’s important that the information is accurate and up to date.

Company history and brand story

In this section, you should provide some information about the background and history of your salon. When was your business founded? What led to you starting your business? Whatever your story is, this section is your chance to tell it.

Describe what you offer and your USP

This section details what your clients can expect to find at your salon. You can use this section to provide details about new beauty products or services you are offering. If you are working on your own line of products, this is also a good place to mention it and provide an estimated timeline for when it will be available.

Your salon’s USP (unique selling proposition) is what makes your salon stand out from the rest of the market. It is very important to highlight your USP in your business description.

4. Analyze the Market and Identify Your Target Audience

The market analysis shows that you’ve put some serious thought into your target audience. You’ve also done some research to find out what the competitors are missing out on. What’s more, it shows that you really know your area and have made some changes to your approach to fit in.

When you identify and analyze your potential clients, you are better able to adjust your marketing strategy to catch their eye.

Conducting market research

Market research means collecting data about the needs, preferences, and behavior of potential clients. Then you analyze this data. Market research helps you identify who your target market is and what their expectations and needs are. Based on these findings, you can create a marketing strategy that is appealing to that audience in particular.

Conducting market research also helps you identify who your competition is. Knowing this helps you get a good idea of reasonable pricing and ideal locations. Factoring this information in helps you gain and retain clients.

Here are some ideas on how you can make the entire process more interactive and fun (both for you and the participants):

Salon pop-up surveys

Set up a pop-up booth or station near popular local spots and events. Engage with passersby, offering quick surveys with a fun incentive like discount coupons for your salon. This allows you to gather diverse opinions and attract potential customers .

Instagram polls and stories

Leverage the interactive features of social media. Use Instagram polls and stories to ask your followers about their favorite salon experiences, desired services, or beauty trends. Encourage them to share their thoughts and tag friends for a chance to win a free service.

Salon open house events

Host an open house event at your salon. Invite the local community to explore your space, meet your staff, and participate in live demonstrations or mini-makeovers. Use the opportunity to collect feedback and preferences directly from attendees.

Collaborative mood boards

Create collaborative mood boards or Pinterest boards where clients and potential clients can contribute their favorite hairstyles, colors, and beauty inspirations. This not only gathers valuable insights but also fosters a sense of community and involvement.

Beauty trend workshops

Organize workshops on the latest beauty trends. Invite participants to share their thoughts on emerging styles and treatments. This not only serves as a research platform but also positions your salon as a trendsetter in the community.

Community surveys with prizes

Distribute physical or digital surveys within the local community, emphasizing the importance of their opinions. Include a prize draw or a special discount for survey participants, encouraging more people to contribute.

Interactive social media challenges

Create engaging challenges on social media platforms, encouraging followers to share their favorite salon experiences or dream makeover ideas. Use a unique hashtag to track responses and offer prizes for the most creative entries.

Beauty polls and quizzes

Develop entertaining online polls or quizzes related to beauty and salon preferences. Share these on your website and social media to capture audience insights while providing a fun and interactive experience.

By infusing creativity and engagement into your market research efforts, you not only gather valuable information but also strengthen the connection between your salon and the community. The more interactive and enjoyable the process, the more likely you are to receive enthusiastic and authentic responses from your audience.

Identifying behaviors, demographics, and preferences

Once you have information on your target market you can use it to better understand them. Here are a few things to look at:

The behavior of your target market. This refers to the way clients make purchasing decisions, their brand loyalties, and other similar behaviors. In general, behaviors can include anything that affects a client’s decision-making process.

Demographics refer to the characteristics of your potential clients.

Geographic location, educational background, and income can all impact the way clients respond to your marketing strategy.

Even the age and gender of the people you want to draw in can affect which strategies you use. Understanding this will help you create a marketing plan that resonates with the clientele you want to attract.

Then you have to factor in the preferences of your target market. What do they like and dislike? What kinds of ambiance are they drawn to? Which salon services are most popular with this group? What are their thoughts on pricing? What do they look for in customer service? All these factors play their part in whether or not a potential customer chooses your salon.

Client analysis

This part of your salon business plan is all about who your potential clients are. Depending on where your salon is, you might get certain types of people coming in. Or, it might be a mix of different types. You need to include details about who your market is made up of and what they’re like.

Here are a few things involved in conducting a client analysis for your salon:

  • Define the scope and the objective of the analysis. Include information about the services and products, the time frame, and the area your customers are coming from.
  • Collect data from a variety of sources and analyze. You can use surveys, online reviews, industry reports, interviews, and social media, as well as other sources.
  • Identify specific customer groups. This includes demographics, needs, and behaviors.
  • Create a profile for each customer group. Include descriptions of preferences, characteristics, expectations, and motivations.
  • Evaluate the salon’s current performance. How are you doing with customer retention, satisfaction, and loyalty? How much is your salon profiting?
  • Identify specific areas where you can improve customer relationships.

5. Check What Your Competitors Are Up To

A competitive analysis explains your plan for your salon to dominate the market. It is important for your competitive analysis to give a brief explanation of the existing competitors. This can include direct competition, like another salon, or indirect competition. The indirect competition includes any other option for clients to receive the products or services you offer. In this section of your salon business plan, you can bring out the strengths and weaknesses of your competition and explain how your target market views them.

Knowing your competition will help you determine what your own advantages are. Then you can capitalize on those advantages to attract and keep more customers. Once you can pinpoint your unique strengths, you are better equipped to carve out your own place in the market. It will give you a starting point to work from to identify a new way to attract customers. It may also help you find something unique to offer that no one else in the area is offering.

Conducting a SWOT analysis

To be able to succeed and stand out from the competition, it is helpful to carry out a SWOT analysis . SWOT is an acronym for strengths, weaknesses, opportunities, and threats. This analysis will help you diagnose the factors that play a role in the potential and performance of your competition.

What are the strengths of your competitors? Maybe a competing salon has a good reputation and a strong brand. Perhaps they offer a wide range of services or have a skillful team. They might have a good relationship with their suppliers, offer a clean and welcoming atmosphere, or have an optimal location.

What are their weaknesses? Perhaps they offer a limited number of services or have staff that lacks experience. They might be struggling with high overhead costs or have a difficult location. Or they may be on the losing end of high competition and/or struggle to maintain customer loyalty.

Opportunities for a salon include expansion opportunities or new services and products. Other opportunities include increased online presence, partnering opportunities, or new technology and trends.

What is a threat to a salon? Economic recessions, loss of customers to the competition, and negative reviews all threaten the success of a salon. Other threats include supply chain disruptions, legal problems, and environmental and health risks.

6. Identify Products and Services You Wish to Offer

This part of your salon business plan lays out all the different services that your salon will offer its customers. You can expect a wide range of services, from haircuts, styling, coloring, treatments, manicures, pedicures, facials, and many more. Each service is described in detail, including the techniques used, expected results, and pricing structure. We’ve also got a great selection of salon products that you can buy, like hair care items, skincare products, and beauty accessories.

By providing a comprehensive overview of the salon’s products and services, we’re showing that we’re committed to meeting all our customers’ needs and preferences. We want to make sure everyone feels welcome and satisfied with their experience at our salon. This sets the stage for a successful and thriving salon business.

7. Craft a Sound Financial Plan

financial section, as an integral part of a salon business plan

Image by vectorjuice on Freepik

Here is where you provide details about the financial history, budget, and projections for your salon. Any potential investors or lenders will be especially interested in this section of your salon business plan.

When writing this section, you should include your financial plan for your salon for the next 3-5 years, as well as your financial history going back 3-5 years. If the salon has income, include financial statements. You should also include potential funding sources and your plan for keeping your salon running.

A good budget is the foundation for any effective financial plan. A budget allows you to distribute resources like time and funds effectively. A good budget also allows you to make better decisions about saving and spending and set goals for your finances.

Start by identifying all the sources of income for your salon. This includes product sales, service fees, and so on. Then identify all the expenses your salon has, like rent, salaries, supplies, and other operational costs. You could make a category for expenses that are always the same, like rent, and another for expenses that vary from month to month, like supplies. This might help you to see patterns and identify areas where you could cut back on some costs.

Once you have identified all your income and expenses, then you can set goals. From time to time, check your progress against your budget to see how you are doing and if you can make any further adjustments.

Income streams

Adding income streams is a good way to increase revenue. The following are a few options you could explore:

  • Subscriptions : Charge fees for a set period of time instead of per transaction.
  • Advertising : Promote certain brands in-store and online.
  • Freemium plans : Certain services are free and “premium” services cost extra.
  • Third-party licensing : Give third parties the right to use or sell your patented products.
  • Renting or Leasing : Rent out assets (for example, real estate or products) for a price.

As you create your financial projections, factor in the demand in the market and the volume of customers. You should also include your pricing strategy for the products and services you offer. It would be helpful to go back and review your sales history. Then you can isolate specific trends. This will help you make more sound financial decisions moving forward. It would also be helpful to you to do some research on the current market.

Alternative funding options

There are a variety of options when it comes to alternative funding sources for your salon. Each option has pros and cons. Some options include loans, grants, crowdfunding, or partnerships.

Loans may offer somewhat low interest rates. However, it’s important to find out what they require for collateral or how strict the repayment terms are.

Grants can offer funds that you don’t have to repay, but they might have strict eligibility requirements and limits on how you can use the funds.

Crowdfunding can get you funds from a pool of investors, but it might mean sharing control or ownership of your salon.

Partnerships can get you access to extra capital and more expertise. On the downside, partnerships can mean profit-sharing. You may also have to consult with your partners before you make decisions.

Expense management

If you want your salon business plan to have success, it is vital that you manage your expenses carefully. To maximize your earnings, you have to optimize your expenses and control the costs your salon faces. This is the only way to make sure that your salon remains financially stable.

Regularly review your expenses and identify ways to cut costs without sacrificing quality. Be on the lookout for chances to negotiate better deals on supplies and cut out unnecessary expenses. For example, could you choose equipment that is more energy efficient? Is there a way you could maximize the lifespan of the products you use and cut back on supply costs?

Hiring freelancers or contractors

Hiring a contractor or freelancer can have a lot of benefits. These independent professionals can provide you with the expertise you need to do a specific project or task. Some of the benefits they offer include:

  • Saving on Costs: Hiring contractors and freelancers can save you money on payroll taxes, training, benefits, and more. You pay for the work they do and depending on your needs you can adjust your budget.
  • Greater flexibility: You hire contractors and freelancers only as you need them and for as long as you need. You can adjust the scale of your team depending on the demand of the project and their availability.
  • Expertise: Freelancers and contractors bring in fresh ideas and perspectives. Their knowledge of the industry is also an asset to your salon business. They can also carry out tasks that are beyond your skill set or that require special equipment and tools.

8. Tackle Management and Organization

The management and organization plan is the backbone of your salon business plan. It shows how your salon will operate and reach its goals. This section gives an in-depth look at the salon’s management team, including their qualifications, experience, and roles inside the salon. It also explains how the salon will be structured, how decisions will be made, and how different teams will work together.

By sharing a clear management and organization plan, your business plan shows that the salon has capable people and a well-structured system to make it in the competitive beauty industry.

9. Plan Your Everyday Operations

The salon’s operational plan outlines the day-to-day procedures and practices that drive the smooth functioning of the salon. It covers all the essential operational aspects, from staff scheduling and client management to inventory control and quality assurance.

The plan sets out who’s responsible for what, so everyone works together like a team to give customers the best service. It includes strategies for optimizing appointment bookings , managing walk-ins , and handling peak hours efficiently .

Moreover, the operational plan addresses health and safety protocols, emphasizing the importance of maintaining a clean and hygienic environment for both clients and staff. By adhering to the operational plan, the salon can enhance productivity, elevate the overall customer experience, and create a thriving and well-organized salon environment.

Implementing booking software into your salon’s everyday operations

As a forward-thinking salon owner, integrating booking software into your daily operations isn’t just a tech-savvy move – it’s a strategic investment that brings a myriad of benefits to your business.

Booking software simplifies the appointment process, allowing clients to schedule services seamlessly. With real-time updates, your staff can manage and optimize appointments, reducing the risk of scheduling conficts and ensuring a smooth workflow.

Also, booking software enables you to create and manage staff schedules effortlessly. With automated notifications and reminders, your team stays informed, reducing scheduling conflicts and enhancing overall productivity.

Not to mention that clients appreciate the convenience of booking online, as it allows them to be in charge of everything – they can choose services, select preferred staff members, and book appointments at their convenience.

Revolutionize Your Salon Management with Trafft: A Solution Tailored for Salon Owners

As a salon owner, you’re no stranger to the challenges that come with managing a bustling beauty business.

Managing appointments, handling last-minute rescheduling, dealing with overbooking, creating and managing staff schedules, and struggling to be there for your clients in the middle of the night – these are just some of the common pain points you face as a salon owner.

Enter Trafft ! Tailored with your specific challenges in mind, Trafft is designed to transform your daily chaos into an efficient salon experience.

trafft booking software and app

What do you get from Trafft?

  • Say Goodbye to Daily Organizational Chaos : Bring order to the chaos with real-time updates and efficient scheduling. Trafft makes organizing your calendar, keeping track of appointments, and managing staff schedules a breeze.
  • Minimize No-Shows : With Trafft’s automated reminders, you can reduce no-shows and make sure that each appointment slot is valuable. You’ll receive timely notifications via email or SMS which will help you cultivate a reliable and engaged customer base.
  • Reschedule with Ease : When your clients choose a new time, Trafft will send notifications to both of you. Plus, it’ll confirm the booking and update all your calendars. No need to worry about canceling an appointment – Trafft will do it for you!
  • Be Available 24/7: Allow clients to schedule appointments at their convenience. Transform your salon into a 24/7 beauty oasis, breaking free from traditional booking hour constraints.

So, are you ready for a salon management revolution? Embrace Trafft and start your transformation now!

10. Think about your marketing strategy

This is your game plan for your salon to bring in new clients and promote your services. A thorough marketing plan , with plenty of marketing ideas and marketing tools you plan to use, is essential. It allows you to stand out from the competition and reach your target market. It also allows you to create connections with your customers and achieve your marketing goals.

This is the most flexible section of your salon business plan . As your business grows and the market changes, your marketing plan will adapt to it.

Marketing strategies that attract and retain clients

It’s important for salon owners and managers to create strategies for advertising and marketing. This helps to attract new customers and retain existing clients , as well as improve the reputation and visibility of the salon. Here are a few strategies you might try:

  • Create a salon website or social media account . There customers can get information about your prices, services, location, and hours. Websites and social media accounts are great ways to showcase your work or advertise special events and promotions.
  • Try offering discounts, coupons, referrals, loyalty programs, or gift cards . This will encourage customers to visit the salon more frequently and make them more likely to spread the word to friends and family.
  • Participate in local events . Are there any festivals, fairs, charity drives, or fashion shows coming up? These events are a great opportunity for the salon to showcase its skills and services. It also gives you the chance to network with potential customers and partners and generate publicity.
  • Look for opportunities to partner with other local businesses like spas, hotels, gyms, or restaurants. You can cross-promote services and offer deals or packages to shared customers.
  • Send emails or newsletters to customers about your latest news, tips, beauty trends, and offers.
  • Ask for feedback from customers . Then use their responses to improve customer satisfaction and quality of service.

11. Think About Sales

In this section of your salon business plan, you should outline the strategies and tactics that will be employed to drive revenue and achieve your salon’s financial objectives.

This section delves into the target market and defines the salon’s unique selling proposition, emphasizing what sets it apart from competitors. It details the pricing strategy for various services and products, taking into consideration factors such as market demand, competition, and the perceived value of offerings.

The sales plan also identifies promotional activities and marketing campaigns that will be executed to attract new clients and retain existing ones. It includes a timeline for these initiatives, along with a budget allocation for marketing expenses. Furthermore, the section discusses techniques for upselling and cross-selling to maximize the average transaction value per customer.

By laying out a comprehensive sales plan, the business plan showcases the salon’s dedication to achieving financial success and growth through a well-structured and effective sales approach.

12. Don’t Forget to Include Risks

The risk management section of the salon business plan addresses the potential challenges and uncertainties that the salon may encounter during its operations.

This section identifies and assesses various risks, including financial, operational, legal, and industry-specific risks. It outlines the proactive measures that will be implemented to mitigate these risks and ensure business continuity.

Strategies such as obtaining insurance coverage, adhering to strict health and safety protocols, implementing sound financial practices, and conducting regular staff training are discussed to minimize potential liabilities. Additionally, contingency plans are detailed to handle unexpected situations, such as economic downturns or natural disasters.

By carefully analyzing and addressing potential risks, the risk management section demonstrates the salon’s commitment to safeguarding its interests and building resilience, providing potential investors and stakeholders with confidence in the salon’s ability to navigate challenges and succeed in the long run.

So, What’s the Secret to Creating a Successful Salon Business Plan?

Running a successful salon requires more than just a flair for aesthetics; a robust salon business plan is equally essential. This plan is not a one-time document but a dynamic tool that evolves alongside your business. It serves as a roadmap, guiding your financial decisions, attracting funding, and steering your salon toward lasting success.

When writing your salon business plan, don’t forget to include a detailed market analysis, your financial projections, operational plan, services and pricing strategy, marketing, and branding.

Be sure to check in on your plan regularly and see how you’re doing compared to your goals.

Remember, a well-thought-out salon business plan is not just a formality; it’s a dynamic tool that empowers you to make informed decisions, navigate challenges, and seize opportunities for growth. Invest time and effort in crafting a plan that aligns with your vision, and watch your salon flourish.

Looking for More Salon-Related Resources?

If you enjoyed this article about creating a successful salon business plan, you should check out these as well:

  • The Best Salon Appointment Booking App On the Market
  • How To Manage A Salon Successfully (Salon Manager Tips)
  • How To Run A Successful Salon (The Salon Owner Guide)
  • How To Get More Clients In A Salon (The Ultimate Guide)
  • How Much Do Salon Owners Make? Tips for You to Earn More
  • Salon Cancellation Policy Examples and Templates To Use
  • The Best Salon Slogans and Mottos to Use for Your Own
  • Salon Mission Statement Examples and Tips To Create One
  • The Types of Salon Insurance You’ll Need for Your Business
  • Salon Social Media Marketing 101
  • How to Make a Salon Price Increase Notice without Losing Clients
  • The Most Efficient Salon Marketing Ideas You Need To Try
  • The Best Salon POS System to Pick From
  • Salon Booth Rental Tips and Best Practices to Know

FAQ on Salon Business Plan Essentials

Why do i need a salon business plan.

A salon business plan is essential because it serves as a roadmap, guiding you through the process of starting and growing your business.

It outlines your goals, target market, services, pricing, and marketing strategies, helping you stay on track and make informed decisions.

A well-prepared business plan can also be valuable when seeking financing, as it demonstrates your commitment and expertise to potential investors or lenders.

What should I include in the company description?

In the company description, provide an overview of your salon, including the name, location, and ownership structure.

Explain your salon’s mission, vision, and core values, as well as the unique selling points that set you apart from competitors. This section should also highlight the salon’s atmosphere, target clientele, and the specific services you plan to offer.

What is an example of a salon mission statement?

An example of a salon mission statement could be: “At [Your Salon Name], we are dedicated to delivering exceptional beauty experiences that empower our clients to look and feel their best. Our mission is to create an inviting, inclusive environment where creativity thrives, and our team is committed to providing personalized, high-quality services that enhance natural beauty and boost confidence.”

What is the best business structure for a salon?

The most common business structures for salons are Sole Proprietorship, LLC (Limited Liability Company), or Corporation. Each has its own advantages. Sole Proprietorship is simpler but offers less liability protection. LLC combines liability protection with flexibility. A Corporation provides strong liability protection but involves more complex formalities. Consult with a business advisor to determine the best fit for your salon.

How do I choose the right services for my salon?

Choosing the right services for your salon starts with understanding your target market and their needs.

Research your local area and identify gaps in the market or underserved segments. Consider your own skills and expertise, as well as those of your team, and focus on services that align with your strengths.

Offering a mix of essential and specialized services, such as haircuts, coloring, and unique treatments, can help you stand out and attract a loyal clientele.

How do I set salon pricing?

Setting salon pricing requires balancing the cost of providing services with what customers are willing to pay.

Research competitor pricing in your area and consider factors such as your target market, the quality of your services, and your salon’s atmosphere. You can opt for tiered pricing based on the experience of the stylist or offer service bundles to encourage customers to try additional services.

Be prepared to adjust your pricing as your business grows and evolves.

What’s the best way to market my salon?

Marketing your salon requires a combination of traditional and digital strategies.

Word-of-mouth referrals from satisfied clients can be powerful, so encourage customers to share their experiences with friends and family. Utilize social media to showcase your work, engage with potential clients, and share promotions.

Collaborate with local businesses or participate in community events to raise brand awareness. Don’t forget about email marketing, loyalty programs, marketing tools , and targeted advertising to attract new customers and retain existing ones.

How can I ensure a top-notch customer experience?

Providing an exceptional customer experience is crucial for salon success. Start by hiring skilled, friendly staff who share your vision and commitment to customer satisfaction. Offer ongoing training to ensure your team stays up-to-date on industry trends and techniques.

Also, handle bookings professionally, with the help of salon scheduling software and booking apps .

Create a welcoming, clean, and comfortable salon environment, and be responsive to customer feedback. Consistently delivering high-quality services and personalized attention will help you build a loyal client base.

How do I manage salon inventory and supplies?

Effective inventory management is essential for a successful salon. Implement a system to track product usage and sales, ensuring that you always have adequate supplies on hand without overstocking. Regularly review your inventory levels and adjust your ordering frequency or quantities as needed.

Negotiate with suppliers for the best prices and consider implementing inventory management software to streamline the process.

What legal requirements should I be aware of?

Before opening your salon, familiarize yourself with any legal requirements, such as licenses, permits, and zoning regulations.

You may need a cosmetology license, business license, or specific permits for your location. Additionally, ensure your salon meets local health and safety guidelines and complies with employment laws. Consult with a legal professional if you’re unsure of your obligations.

How do I create financial projections for my salon?

Creating financial projections for your salon involves estimating future revenue, expenses, and cash flow. Start by estimating your income from services and product sales, taking into account factors like pricing, target market, and more.

Outline your anticipated expenses, such as rent, utilities, salaries, marketing, and inventory costs. Create a cash flow statement to ensure you have enough working capital to cover your expenses and support your salon’s growth.

Use your financial projections to set realistic goals and adjust your business plan as needed. Regularly review your financial performance and compare it to your projections, making necessary changes to stay on track and achieve your objectives.

How do I measure the success of my salon business?

Measuring the success of your salon business involves tracking key performance indicators (KPIs) that align with your goals.

Common KPIs for salons include revenue growth, client retention, client acquisition, average ticket value, and employee productivity.

Track these metrics regularly to assess your salon’s performance and identify areas for improvement. Additionally, use customer feedback, online reviews , and testimonials to gauge the overall satisfaction of your clients and the quality of your services.

This information can help you refine your business strategies and ensure your salon’s ongoing success.

Jovana Smoljanovic Tucakov

  • Jovana Smoljanovic Tucakov

Jovana Smoljanovic Tucakov is a Content Marketing and SEO Specialist who uses both words and data to communicate a message and deliver value. With more than 5 years of experience in digital marketing and content production in the IT industry, she loves identifying and solving the readers’ pain points and creating targeted content.

Curious about the human mind and emotions, especially those that drive consumer behavior. Likes fitness, food preparation, board games, reading (both for pleasure and learning), and binge-watching Netflix.

Related Posts

how to get new clients in a salon with Trafft booking software

How To Get More Clients In A Salon: The Ultimate Guide

trafft best salon scheduling software

The Best Salon Scheduling Software in 2024

  • October 9, 2023

Barber shop building facade with customers, small local barbershop with scissors on signboard and storefront window, salon with hairdresser cutting mans hair

Are Barbershops Profitable? Unveiling the Financial Potential

  • September 28, 2023

StyleSeat Pro Beauty Blog

Salon & Business Tips for Stylists

  • Hair Trends
  • Hair Styling
  • Makeup Trends
  • Business Growth
  • Marketing Tips
  • Client Relationships
  • All For Pros
  • Success Stories
  • All Our Community

How To Create a Successful Salon Business Plan in 10 Steps [+ Template]

' src=

Looking to open your own salon? Despite a looming recession, it’s a great time to do so — beauty industry statistics show the salon industry grew about 17 percent in 2022 , and the majority of Americans claim they’re not planning to cut back on beauty spending anytime soon. 

But before you start rounding up clients, you will need a thorough salon business plan to align your goals. While it may be tempting to jump in on the action as soon as possible, taking the time to plan your business properly will set you up for success in the long run. From market analyses to advertising campaigns, we’ll walk you through everything you need to know to create a winning salon business strategy.

1. Create your mission and vision statement

First things first — what are you planning to do with your new salon business? To answer this question, you’ll need to put some serious thought into your mission and vision statements. These statements articulate the purpose and goals of your salon and will guide the rest of your business plan.

Image covers differences between mission statement and vision statement.

Mission vs. vision statements

While mission and vision statements are often used interchangeably, there are differences between the two. It’s recommended that a new business have both statements before laying out its business plan.

A mission statement describes the short-term goals of the company — essentially defining the core purpose of the company and how it plans to achieve that purpose. Let’s break down this example of a salon’s mission statement:

Mission Statement

“We strive to offer our clients the highest-quality cuts at affordable prices because every woman deserves to look and feel her best.”

In this example, the business plans to offer high-quality cuts at affordable prices — the “what” and “how” —  because they believe “every woman deserves to look and feel her best” — the “why,” or core purpose.

The mission statement serves as a roadmap to achieving your business’s vision statement.  A vision statement defines your salon’s big-picture aspirations — the driving force behind your short-term actions and goals. Here’s a vision statement the example salon above might write:

Vision Statement

“We strive to expand our services nationwide as the premier choice for affordable, high-quality cuts.”

This example clearly states the business’s future goals to help define the path toward future success.

2. Know your market

Before you open your doors, you need to know who you’re opening for (your target audience) and what salons you’re up against (your competitors). Both will provide valuable information to help you determine what your clients value most .

Recognize your target audience

Your target audience is a particular group of people who may be interested in your services. A target audience profile can be broken down into four main characteristics:

  • Demographic: The main characteristics of your target market, including age, income level, gender, occupation, and education level
  • Geographic: Where your audience lives, works, or travels 
  • Psychographic: Your target audience’s lifestyle, attitude, interests, and values
  • Behavioral:  What your ideal clients want, why they want it, and how they go about achieving their needs

Let’s face the facts — everyone and their mom could use a cut and color. It’s up to you to determine who to market your business to. Are you most interested in serving the most high-end clientele, or would you rather cater to college students looking to experiment with fun, trendy styles? Will the area of town you’re located in affect how you position and price your services? 

Knowing your target audience will influence every stage of your business plan, so it’s essential you recognize what their needs and motivations are from the start.

Conduct a market analysis

Analyzing your salon’s target audience is just the first step in breaking down your target market. To truly get a comprehensive view of your business landscape, you’ll want to conduct a market analysis. 

A market analysis is a thorough assessment of your specific market within the salon industry. In addition to defining your target market, a market analysis should include:

  • Potential clients’ buying habits
  • The size of your target market
  • The state of the industry and industry projections
  • How much your potential clients are willing to pay for your services
  • Who your main competitors are
  • Your competitors’ strengths and weaknesses

A thorough market analysis is essential for reducing risks, identifying emerging trends and opportunities, and projecting revenue. It’s good practice to reevaluate your findings annually and adjust your salon’s business plan accordingly. Plus, you’ll be able to factor in actual customer feedback once your doors are open.

Take advantage of free market research tools like Google Trends, SurveyMonkey, and data from the Bureau of Labor Statistics and U.S. Census to aid in your market research strategy.

3. Identify your strengths, weaknesses, opportunities, and threats

With a better understanding of how you plan to position your salon within your target market, you’re ready to dive into your first SWOT analysis. A SWOT analysis is a compilation of internal and external factors that will impact your business.

Image defines strengths, weaknesses, opportunities, and threats (SWOT) for business.

Internal factors are resources and experience readily available to you — they’re categorized as either strengths or weaknesses. Examples of internal factors to include in your SWOT analysis are:

  • Financial resources
  • Physical resources
  • Human resources
  • Natural resources
  • Trademarks, patents, and copyrights 

Your opportunities and threats are defined by external factors, such as:

  • Market trends
  • Economic trends
  • Demographics
  • Suppliers and partners
  • Political, environmental, and economic regulations

Once you’ve completed the SWOT framework, create an innovative business strategy that will leverage your strengths and opportunities to overcome your weaknesses and threats. The SWOT analysis compels you to take a methodical and objective look at where you stand now and what you need to do to succeed.

4. Draft your salon’s executive summary

With your target market and new industry knowledge in mind, it’s time to create the most important part of your salon business plan: the executive summary. 

An executive summary is a short synopsis of your overall business plan and intentions for your new salon. Don’t let its size fool you — your executive summary is the first impression business partners and investors will have of your business. While it may be brief,  your executive summary must make an impact.

Business strategy experts agree that an executive summary should be between 5 and 10 percent of the length of your entire business plan.

What to include in your executive summary

A solid salon executive summary will provide a ton of useful information condensed into a short, sweet, and easy-to-understand package. Try your best to tie in the following when drafting your summary: 

  • Strong introduction: If you want to capture your reader’s attention immediately, you’ll want to put together an introductory paragraph that not only pulls them in, but explains who you are, what you offer, and what problems you intend to solve. Keep your intro short and concise.
  • Market view: Based on your market research analysis, briefly summarize the state of your target market, the needs of your target audience, and how you plan to position your salon amongst your competitors. 
  • Unique selling points: What will your salon bring to the table that’ll set it apart from competitors? List any unique selling points that customers and stakeholders will find valuable. 

Financial expectations and forecasts: If you plan on sharing your business plan with potential investors or stakeholders, list the projected expenses and costs it’ll take to open and operate your salon, as well as what profits you expect to generate within the first six months. Explain why your salon needs financing and why investing in your business is a smart move.

5. Write your salon’s unique business description

Congratulations on completing the research portion of your salon business plan — it’s finally time to start bringing your dream salon to life! 

First and foremost, you’ll need to figure out how to brand your salon. There are almost a million registered hair salons in the U.S., so how can you make yours stand out?

Start by drafting your salon’s business description — this should set the scene for what customers can expect when walking into your salon. Are you hoping to give off a funky, casual vibe? Or maybe a more elegant ambiance, champagne included? The tone of your business description should convey this, as well as:

  • Services you specialize in
  • Packages or perks you offer
  • Unique selling points that distinguish you from other salons

With a business description in place, you can now create a company logo and tagline to complete your new brand!

6. List your products, services, and prices

Let’s get down to the nitty-gritty — what are you offering, and how much will it cost? While you may be able to do it all, some services will pay off better than others. You may be doing yourself a disservice if you purchase all the supplies for perms when your clients want blowouts. 

To determine which services and products will benefit your business the most, ask yourself the following questions:

  • What is my target audience interested in?
  • What do I have experience in?
  • What is trending?
  • What are my competitors offering (or more importantly, what are they not)?

Once you have your service list set, you’ll need to calculate pricing . Striking a balance between making a stellar profit and attracting and retaining clients is one of the most difficult parts of running any business. Consider these factors when determining a fair price for your salon services:

  • Similar rates in your area
  • Cost and use of supplies
  • Time spent on the service
  • Your experience level

Review and reevaluate your services and pricing at least once a year to ensure you’re charging your worth. Cost of living, supply costs, and any additional training you may have undergone warrant a price change — just be sure to notify your loyal regulars before new pricing goes into effect.

7. Lay out your salon’s operation and logistics plan

While the earlier sections of your salon’s business plan defined your goals, your operation and logistics plan will detail how you plan to meet them. Your operations plan will have two sections:

  • Short-term processes: List all the tasks, employees, vendors, software, and supplies you’ll need to run your salon on a day-to-day basis.
  • Long-term milestones: Describe what you hope to achieve in the future. For new businesses, this could include the date you plan to finalize your lease, your grand opening date, or the date you hope to reach your first $100,000 in sales. 

Putting together your operations and logistics plan may make you realize just how much work goes into running a salon. Scheduling appointments, promoting your new business, managing payment processes, and tracking down no-shows on top of actually performing your services can get really overwhelming, really fast. Learn how StyleSeat can help you manage and grow your business so you can focus on what you do best.

how to write a business plan of salon

8. Define your marketing and outreach strategy

No matter how much effort you put into designing your salon, acquiring top-of-the-line tools, or hiring the best stylists in your area, no one’s going to schedule an appointment at your salon if they don’t know you exist. That’s where your salon marketing and advertising strategy comes into play.

While there are literally thousands of way to bring attention to your salon, these marketing and outreach tactics are tried and true:

Build a website

Whether you’re targeting tech-savvy Gen Zers or old-school baby boomers, you’ll need to ensure your business is Google-able. Building your website should be the first step in creating your online presence. For the best customer experience, make sure to include your salon’s:

  • Contact information and address 
  • Services and pricing
  • Unique selling points and mission statement
  • Customer reviews and testimonials
  • Links to social media profiles

Invest in social media marketing

Harness the power of Instagram , Facebook, TikTok, Pinterest, and more with a dedicated social media marketing and influencer strategy. Sharing behind-the-scenes content, before and after photos, and happy customer reactions can make your business appear more personable and reputable. It’s also a great way to boost engagement, interact with your client base, and cultivate brand awareness.

Studies Show

44 percent of beauty salons were focused on growing their social media profiles in 2022, and 35 percent of stylists claim their growing social following was their biggest opportunity for business growth.

Establish rapport and build customer loyalty

Convincing a potential customer to give a new hairstylist a try is a lot more difficult than it seems. One way to sweeten the deal is to offer first-service discounts or lower prices the first few months to get interested clients through the door . If they’re happy with your service, they’ll likely stay — especially if you have a loyalty program in place that offers discounts and perks for regular customers!

8. Get your finances in check

If you’ve already set your prices, take a bow — the hardest part of your salon’s financing strategy is already done. However, you’ll need to take your money a step further to get a rough idea of how your business will progress on a monthly and annual basis. This is especially important if you plan on applying for a loan or seeking investors. 

It may be best to put together your full financial statement three to six months after opening your salon. It should include your income statement, balance sheet, and cash flow statement so you and your stakeholders can get a better understanding of your salon’s financial health. 

Income statement

Your income statement lists both your revenue sources, expenses, and net income over a given period of time. This should include:

  • Cost of sales
  • Administrative expenses
  • Operating expenses
  • Non-operating income and expenses
  • Gains and losses
  • Non-recurring items

If you haven’t opened your salon yet, you can project future milestones with the same information.

Balance sheet

Your balance sheet provides a look at how much equity you have in your business. It consists of two parts:

  • Business assets: What you own, such as cash, accounts receivable, inventory, prepaid expenses, or salon supplies  
  • Liabilities: What you owe, including loans, credit card balances, payroll taxes, accounts payable, and your lease 

Once you’ve listed your salon’s business assets and liabilities, you can calculate your shareholder equity by subtracting the total value of your liabilities from your assets.

Cash flow statement 

Your cash flow statement will help you see when cash is low, when you have a surplus, and when you might need to access funding to keep your business afloat. Your cash flow statement lists revenue and expenses similar to your income statement, but it also takes into account when revenue is collected and when expenses are paid. 

Your cash flow is positive when you have more cash coming in than you have going out, and negative when the opposite is true.

Using graphs to visualize your cash flow can help you forecast when you may need to adjust operations to account for negative cash flow.

10. Plan for the future

With a well-structured business plan in hand, you’re ready to take on whatever the market has in store for you — at least for the first six months. But if you want to stay on top of industry fluctuations, the newest marketing trends, or competitor announcements, consistently review your salon business plan and company goals.

Salon business plan template

Opening a new salon requires a lot of moving parts — from remodeling your space to hiring your A-team, putting together your actual business strategy can get lost in your to-dos. Download this free helpful template to streamline your business plan and keep your goals top of mind.

The average profit margin for salons is 8.2 percent — 0.5 percent higher than the general business average of 7.7 percent. Salon owners in the U.S. can expect to make between $14,441 and $385,332, with an average salary of $74,699.

The startup cost for your salon will depend on a number of factors, including the type of salon, location, size, number of employees, and type of clientele you’re hoping to attract. Expect to spend anywhere from $10,000 to $200,000 before your grand opening.

Salons can make more money by implementing an effective marketing and advertising strategy, running promotions and contests, and reevaluating their pricing structure. Research your industry, emerging trends, and your competitors’ strategies for inspiration.

A thorough salon business plan can help you determine your short- and long-term goals, resources required, and effective strategies to drive business to your salon. Ready to hit the ground running? StyleSeat can help you manage and grow your new salon — no monthly fee required.

Pro banner

Related articles

hair stylist and client sitting in a salon chair

Get business tips right to your inbox.

pro

  • Get Started

Home >> #realtalk Blog >> Manage a business >> How To Write a Salon…

How To Write a Salon Business Plan

By Homebase Team

Woman getting a haircut

So you’re thinking of opening a salon business—congrats! Gearing up to owning your own business is a huge step.

But if you’ve never owned a salon before or are simply looking to give your existing business a refresh, you’re probably thinking, “Where do I even start?”  Well, the first step is to write a salon business plan.

What is a business plan for a salon?

A salon business plan is a written document that covers your business goals and how you’re going to reach them.

Every business plan looks different. But for a salon, your business plan will likely include details like who your target customer is, where your salon is going to be located , what salon services you’ll offer, and more. 

Why you need a business plan for your salon

As a salon owner, the thought of writing a detailed business plan might immediately put your stomach in knots. But we promise that the time and effort you take to put a business plan together for your salon will pay off in spades.

Here are some reasons why you should have a business plan for your salon.

To prove your salon business is a good—and profitable—idea

As entrepreneurs, we often have a million great ideas.  But a new business is a big commitment and investment.

Your decision to launch a salon is most likely a great one. But a business plan doubles as a gut check to make sure that you have a solid plan in place. This way, you can open your salon doors with confidence knowing that you’re almost guaranteed to be a success.

To help you reach your short and long-term salon goals

What are your business goals? What steps do you need to take to reach them? How long will it take to reach those goals?

A well-written business plan answers these questions and more. It’s essentially a roadmap that answers all and helps outline how you’ll reach your business goals. Then as you open and grow your business, you can look back and make sure you’re on track!

To help you get funding (and other loans)

Banks and investors often want to see a business plan before they provide you with funding. Having a business plan shows that you’ve done your research, have a plan in place, and that you’re less likely to be a risk.

Even if you don’t need a loan or an investment, financial products like credit cards can be hard to come by if you don’t have a business plan.

To determine your revenue and labor costs

Salons often need multiple stylists and administrative staff. Depending on your goals and the size of your salon business, a business plan can help you determine how many employees you need to hire and train to serve your customers.

Without forecasting your labor costs, you can find yourself with too many customers and not enough workers—or vice versa.

Things to consider before you start writing a business plan for your salon

Before you can start writing your business plan, it’s time to do a bit of brainstorming and research. There are some key questions you’ll want to ask yourself before you start putting pen to paper.

  • Where will your salon be located?
  • What experience do you have that will help you grow your business?
  • Are there similar salons in your area?
  • Is there something that will make your business stand out from other salons?

Once you’ve spent some time thinking about these factors, it’s time to get writing.

How to write a salon business plan in 7 steps

Here’s a simple step-by-step breakdown of how to write a business plan and the important tidbits you need to know as you get started.

1. Executive summary

The first thing anyone will read in your business plan is the executive summary. Think of it like an elevator pitch. It’s a brief summary that covers all the most important details so the reader wants to learn more about your business.

As a general rule, your executive summary should cover:

  • A short overview of your business venture
  • Your salon mission or vision
  • Your short and long-term business goals
  • Highlights around why \ your salon will be successful

2. Company overview and description

This section should be an overview of your company and what makes it unique. Who are you? What do you do? Why do you do it?

Don’t be afraid to dive into your background and the circumstances that led to you wanting to start your salon business. This is your opportunity to tell your story and share what makes you and your business special as an entrepreneur.                                                                                                                     

3. Market analysis

There are almost a million salons in the US—and that only covers hair salons. The thing about salons is that they can be similar and still be successful. But it’s important to understand how your particular salon will stack up. A market analysis looks at all the competing salons in your region—and beyond—to help you understand your positioning in the market. This then influences everything from your pricing strategy, your service offering, or even your location. 

For example, in your market analysis, you might find that you fall into the category of a premium salon, which means you’ll need to target a more affluent market. Or you might find yourself looking in an oversaturated area, so you’ll want to choose a location with less competition.

4. Salon business offerings

Not all salons are alike. For example, your salon may specialize in blowouts. Or you may have a full-service nail salon. 

Before you open, you should have a clear understanding of the services and products that your salon business might offer. Think of this section of your business plan as a menu of services that your potential customers can choose from.

5. Salon operations and management

This is where you’ll talk about the operational side of your business. Some things to think about around salon management might include:

  • Will you rent out chairs to stylists or will you hire them as employees? 
  • What will your business hours look like?
  • How will you schedule salon appointments ?
  • What overhead costs will you have?
  • What salon management software will you use?

6. Marketing and public relations (PR) strategies

As much as we wish customers would appear out of thin air, for the most part, you need to drum up excitement for your business. That’s marketing. 

In the marketing section of your business plan, you’ll want to Include details such as your brand messaging, how you’ll reach potential customers, and what marketing and PR investments you plan to make.

7. Financial projections

Calculating your financials isn’t the most glamorous part of owning a salon business, but it’s one of the most important.

When writing a business plan, you need to review your short- and long-term financial projections. This is essentially an estimate of how much money you expect to spend and make over the course of the next few years. 

The goal is to show that you’ll have a profitable business. And if not, it allows you to tweak your business strategy so you can create a financial plan that you feel comfortable with.

Free salon business plan template

Need some help getting started? 

We’ve put together a free template that covers all the basics. Use this as a starting point, so you know that your business plan is comprehensive and includes everything you need ahead of opening day.

Download your free salon business plan template here.

Business tools as sharp as your shearing scissors

Once you have a salon business plan, it’s time to make a plan for hiring and managing your employees. Homebase is the all-in-one employee management tool loved by 100,000 + salons and small businesses. 

With Homebase, you can:

  • Schedule employees for your salon in just a few clicks.
  • Track employee hours and run payroll from one app.
  • Stay on top of employee compliance and labor laws with expert HR guidance.
Get the all-in-one employee management app that’s a  (hair) cut above the rest.

Salon business plan FAQs

Why should you create a business plan for your salon even if you aren’t looking for financing.

A business plan is more than just a document to help you secure financing for your salon business. It can help you organize your business strategy and outline the steps needed to reach your business goals.

What is the best way to create your salon business plan?

The best way to create your salon business plan is by following these steps:

  • Write an effective executive summary.
  • Create a company overview and description.
  • Conduct a thorough market analysis.
  • Outline your services and business offerings.
  • Decide how you want to manage your salon business.
  • Make a plan for marketing your business.
  • Put together your financial projections.

You can also use our free salon business plan template to get started.

Remember:  This is not legal advice. If you have questions about your particular situation, please consult a lawyer, CPA, or other appropriate professional advisor or agency.

Related posts

July 15, 2024

How To Start A Small Business in 2024: 12 Simple Steps To Jump Start Your Dream

Considering starting a business in 2024? You’re not alone. There are over 6 million small businesses in the US, and…

Restaurant Business Plan Template: Grow Your Business the Right Way

Planning the best way forward for your new restaurant can be a daunting task. Whether you’re living the dream of…

Writing an Effective One-Page Business Plan: What You Need to Know (+ Free Template)

If you’ve started—or are starting—a small business, you’ve probably heard the words ‘business plan’ thrown around. That’s because a business…

July 3, 2024

Your go-to checklist for starting a small business (+ free download!)

Maybe it all started with your EZ bake oven marketing plan, and it’s been your long-time dream to start a…

June 26, 2024

How to Start a Construction Business in 8 Easy Steps

Being able to build something from the ground up is an incredible skill: a skill you can monetize into your…

Top 4 Strategies to Grow Your Construction Business

For those in the construction business, laying the foundation for a house can be a piece of cake. But what…

Subscribe to our newsletter

Looking for ways to stay up to date on employment laws and small business news?

Homebase makes managing hourly work easier for over 100,000 local businesses. With free employee scheduling , time tracking , and team communication , managers and employees can spend less time on paperwork and more time on growing their business.

  • Hiring & onboarding
  • Team communication
  • Employee happiness
  • HR & compliance
  • Integrations
  • Food & beverage
  • Beauty & wellness
  • Medical & veterinary
  • Home & repair
  • Hospitality & leisure
  • Education & caregiving
  • Contact sales
  • Become a Partner
  • Careers – We’re hiring!
  • #realtalk Blog

how to write a business plan of salon

Small Business Trends

How to create a salon business plan, what is a salon business plan.

Once you enter the growth phase, the plan helps you showcase the value of your business to potential investors and new partners.

Why Do I Need a Salon Business Plan?

A good business plan is not just essential in the early stages of your business. It is relevant in the future as well. For example, if you want to expand your business and start a franchise you may need investment. Potential investors or business partners will be interested in understanding your vision and where you think your business will be in the next couple of years. This is where your business plan will be a key document to attract funds.

Getting Started

Writing a salon business plan.

The cover page is useful when you’re trying to provide key information about your business. But you may also choose to skip this since you will share the information in the salon description section.

Table of Contents

Executive summary.

Brevity is key when creating an executive summary. Include high-level growth plans and financial information to hook your reader. If they find the section compelling, they will continue reading for more information.

Mission Statement

Describe your salon.

The company description provides a quick overview of your business. It describes what your company all about and its core values. This section should be brief and straightforward so the readers quickly get some background information.

Research shows relaxed customers are willing to pay 10-15% more than tense clients. Salon environment plays an important part in helping clients feel relaxed. And this makes it important for you to focus on creating the right ambiance.

Services and Product Lines

The services and products you offer to your clientele play a huge part in differentiating your salon from competition. That’s why, it’s important to describe the benefits your products and services provide to customers.

Hair Salon Services

Beauty salon services, what problem does the salon solve, how does your salon provide a solution to the problem.

Identifying a problem to be solved is just the first step. Once you have found the problem, you must figure out how your salon will help solve it for your customers. Otherwise, you will not be able to take advantage of a customer need to offer products and services your clients truly value.

The Salon Business

The hair salon business.

In this specific section, you can describe the hair salon business in detail. How long have you been running this business? How many people do you employ? What’s the unique selling point? These are just some of the questions you must attempt to answer to provide a clear description of your business.

The Beauty Salon Business

Business organization and management model.

The business organization and management model should include the number of employees, their roles, salon partnerships and management structure. It should be transparent in explaining how each employee, partner and vendor play a part in providing customer service and retaining clients for the salon.

Hair Salon Organization Example

Beauty salon organization example, multiple income stream revenue model.

The COVID-19 pandemic has been especially hard on service-based businesses such as salons. Many salon owners suffered huge losses leading to an eventual shutdown of their business. The crisis has highlighted the need for multiple income sources to stay afloat. That’s why many salon owners are adding multiple income streams to their business.

Hair Salon Income Streams

Beauty salon income streams, funding for hair and beauty salons.

Running a successful salon, of course, comes for a price. And as a small business owner, you may not always have the means to execute your growth plans. This is where funding can support your business goals.

Target Market and Customer Analysis

The next step is to understand the market dynamics that will impact your business. Here, you need to do your research well. For example, what are the local area laws and regulations that you must comply with while running your beauty salon? Are there any special permits that you must procure before you open the shop? A comprehensive market analysis will help you find answers and avoid hassles later.

Competition Analysis

Marketing analysis and activities plan.

The products you offer and the prices of your services are important elements of your marketing analysis. You could have the most exciting products that still won’t sell because their prices are exponentially higher than what your competitors offer. Or you could be selling products that customers don’t want to buy. Your marketing plan will help you find the sweet spot where your products and price points make the most sense for your business — and your customers.

Major Targets, Expectations and Milestones to Achieve

If you have additional documents to share more information about your products, services or marketing plan, you may choose to include an appendix. This is an optional section that you may also choose to skip if you feel you have covered everything in the salon business plan.

Tips for Creating a Salon Business Plan

Don’t delay, keep the plan up to date, make sure your business plan is focused.

You may have ten brilliant ideas to take your business to the next level, but it’s easy to get distracted. Make sure your salon business plan is focused so you know where your priorities lie.

What is the difference between a hair salon and a beauty salon?

How do i start a salon business plan, how much does it cost to start a salon business, how much does it cost to run a salon monthly.

While the costs differ based on the area, you should set aside approximately $6,000 a month to run your salon. Some of your monthly expenses would include insurance ($50-$1,000 a month), marketing expenses ($100-$500 a month), products ($100-$600 a month) and cleaning ($50-$200 a month) among others. With a business plan, you will have a clearer idea about how much you need to spend every month.

Is owning a salon profitable?

What is the best business structure for a hair salon.

green chairs at a salon studio

How to Create a Salon Business Plan

If you are starting a salon with Cosmo Salon Studios, it’s important to create an organized and actionable plan before you open the doors to your space.

Making a business plan for your salon will help you to set realistic goals, understand your unique niche, and come up with a plan to help you succeed. These are the components that you should include in your salon business plan.

State Your Business Goals

The first part of creating your salon business plan is establishing your business goals and determining a plan for how you will achieve them. Be specific about what you want to accomplish and set goals for the short-term and long-term future. For example, a concise short-term goal might be to use social media to increase your clientele by 20% in the next quarter. This statement identifies a numerical goal, how you will reach it, and when you want to accomplish it. Setting goals for your business plan will help you to hold yourself accountable, achieve your goals, and run a successful business.

Describe Your Products and Services

The next part of your salon business plan should detail the service you provide. Cosmo Salon Studios offers spaces for hair stylists, nail technicians, makeup artists and more. In your salon business plan, you will want to write about what you do, what you specialize in, and what makes you unique. For example, if you are a hair stylist that specializes in balayage, make sure you include that. Or if you are a makeup artist that mostly works with brides before their wedding, list that in your salon business plan.

In this section, you will also want to write about the products that you are using on your clients and selling in your salon. With Cosmo Salon Studios, you use and sell the retail products that you prefer, and keep 100% of whatever you sell. In this section, it is important to note what those products are, where you will purchase the products from, and how you plan to distribute the retail products.

Create a Marketing Strategy

Another important aspect of the salon business plan is the marketing strategy. In this section, address how you plan to promote your business and get new clients. At Cosmo, we care about your growth, which is why we recommend using social media to promote your business. You can post about your recent work, services you specialize in, and upcoming promotions you may be running. Whether it’s word of mouth referrals or paid advertising that drives your business, you should include that information in this section of your salon business plan.

Write Your Financial Summary

When it comes to starting a business, the finances are usually what people have the most questions about. In your salon business plan, you will want to detail your projected finances for the next three years. Include your expenses and how you plan to cover these fees. With Cosmo Salon Studios, we help you get up and running. We keep the costs low for you by providing you with the most expensive elements of running a salon such as the cabinetry, wash basin, styling chairs and more. In this section of the business plan, you will also want to give an estimate of the number of clients and revenue you are expecting within the next three years. Use your marketing strategy, business goals, and industry experience to come up with an accurate number.

Helpful Tips:

  • On the first page of your business plan, write a summary of each section. This will make it easier for an investor or business partner to quickly understand of your business.
  • Stay realistic. It’s easy to become overly optimistic and set goals that may not be realistic. By setting practical goals, you are not only more likely to achieve them but you will be able to plan for future promotions and marketing strategies that way. Remember, this is the roadmap to your success, so by over or underestimating what you can achieve, you are only hurting yourself.
  • Regularly review your salon business plan to ensure you are on track to meet your short-term and long-term goals. Adjust them accordingly and continue to set new goals and you grow.

Ready to start your own business with Cosmo Salon Studios? Contact us today to reserve your space.

Share this blog with your favorite hair stylist!

Related content.

salon suite photograph

Is Booth Rental Right for You? Or Could Owning a Salon Suite Be a Better Fit?

salon suites numbered down a hallway

Building Your Dream Beauty Business: Why Salon Suites Are the Key, How-to Choose a Space in the Right Location, Find likeminded beauty professionals and open your own premier salon suite.

salon studio showcasing products and amenities

  • Inspirations

Opening Your Own Salon Suite

  • Own Your Salon
  • Cosmo Cares
  • Schedule a Tour
  • How Much Could You Make?
  • Frequently Asked Questions
  • Studio Gallery
  • Cosmo Franchising
  • Beauty Practitioners
  • Hair Stylist
  • Esthetics & Skincare
  • Massage & Spa
  • Piercing & Tattoos
  • How It Works
  • Cosmo Reviews
  • Latest Trends

How to Write a Business Plan for a Salon

  • Small Business
  • Business Planning & Strategy
  • Write a Business Plan
  • ')" data-event="social share" data-info="Pinterest" aria-label="Share on Pinterest">
  • ')" data-event="social share" data-info="Reddit" aria-label="Share on Reddit">
  • ')" data-event="social share" data-info="Flipboard" aria-label="Share on Flipboard">

How to Write a Flier for a Stylist to Rent a Booth

The target market in the salon industry, what does a beauty supply business plan consist of.

  • How to Start a Nail Salon in Florida
  • Home Bakery Business Plan Example

Writing a business plan is a basic requirement for entrepreneurs seeking investment in a startup or business owners looking to expand or upgrade their facilities. Contrary to popular opinion, however, not all business plans are crafted the same. If you’re looking to open a salon, you will need to focus on different considerations than if you are opening a pizza parlor.

Salons have a different set of challenges, so a business plan for a salon isn’t just about outlining your goals and how you intend to achieve those goals, it’s also about showing that you understand the salon market, the popular trends and styles, and how your salon will be different from the competition.

Create a Business Plan Summary

The first section of your salon business plan should include a summary of the entire business plan and a company profile that lists your goals in the next five years. This is often known as an abbreviated five-year plan, and should clearly summarize where you want to locate your business, the costs of operating the business in the first five years, your projected revenue and liabilities during those five years, and the goals you want to achieve in that time period. It’s best to list about five to seven attainable goals and the milestones for achieving each goal.

Describe Your Business

It’s important that you provide information about the type of salon you want to own, the types of services and products that you will offer, and the unique selling proposition (USP) that will distinguish your salon from other salons in the community. A USP is what makes your products and services different from everyone else that offers the same product or service.

For example, if your salon’s services are 25 percent less expensive than the prices of your competitors, include that USP in your business description. It’s also important that you explain why you chose the location of your salon and the demographic breakdown of the neighborhood that your salon will serve. If you’re targeting an upscale clientele, explain how your products, services, and staff will cater to high-income patrons.

Create a Mission and Vision Statement

Your plan should include a mission statement and a vision statement. A mission statement is a summary of the purpose of your company, and in one sentence, should provide readers with the reason your business exists. A vision statement is similar to a mission statement, but instead of describing what your business is in the present, a vision statement is all about describing your company’s future aspirations and goals. For example, a mission statement for a salon could be, “XYZ salon wants to use the Aveda concept to provide you with salon services that not only make you beautiful, but also promote mind, body, and spiritual healing.”

Describe Your Market Research

You must also include market research in your business plan that demonstrates your thorough knowledge of your target audience, the successes and failures of all competing salons in the city where your salon will be located, and how your salon will take advantage of marketing trends to provide an alternative to existing salons.

Explain Your Marketing Plan

Once you’ve outlined your target audience and the market demographics, you must explain how your salon will compete with other salons in the area. For example, are you the only salon in the area that has embraced the Aveda concept of mind, body, and spiritual healing? Does your salon focus on single women, couples, or is it a family salon that provides services to all ages?

After you’ve listed your ideal client, explain how your marketing plan will appeal to that audience. Will you use local advertising, local outreach, social media, and mobile devices, or will you focus primarily on a website that offers valuable content?

Describe Your Financial Plan

Finally, you want to provide financial information such as an estimated budget, financial projections for the first five years, anticipated liabilities, estimated profit margins, and the amount of time necessary for your salon to break even.

  • Salon Today: How to Write a Business Plan
  • Timely: Writing a Business plan: A step-by-step Guide to Getting Your Span or Salon off the Ground
  • Salon Business Secrets: Secret #2: How to Write a Business Plan for a Salon
  • American Salon Magazine

Sampson Quain is an experienced content writer with a wide range of expertise in small business, digital marketing, SEO marketing, SEM marketing, and social media outreach. He has written primarily for the EHow brand of Demand Studios as well as business strategy sites such as Digital Authority.

Related Articles

How to build a salon business, how to make a feasibility study for a pedicure spa, advertising ideas for salons, what is needed to get started in the spa business, how to finance a tanning salon business, how to buy a tanning salon franchise, how to set up a marketing plan for cakes, how to set up a beauty salon, graphic design business plan, most popular.

  • 1 How to Build a Salon Business
  • 2 How to Make a Feasibility Study for a Pedicure Spa
  • 3 Advertising Ideas for Salons
  • 4 What Is Needed to Get Started in the Spa Business?

placeholder

Secret #2: How to Write a Business Plan for a Salon

  • January 15, 2014
  • Business Planning / Essential Secrets

how to write a business plan of salon

I’ve read a few articles recently suggesting that new start-up businesses should do away with ‘traditional’ business planning in favour of a “Just Do It” approach to business. This is part of a larger pool of business advice surrounding the general concept of action being better than sitting down and thinking about things, researching and planning. The theory being that this could possibly lead to  the phenomenon of “over analysis” and therefore inaction .

Rarely do I come across a new business idea or concept that I disagree with so completely! To be fair, when you look in to these ideas more, they are really aimed at lean startup operations such as online businesses. There is an argument that new businesses involved with such cutting edge, brand new technology may struggle to use pre-existing data to base projections on. However, for any type of service provider competing with other similar businesses for customers, planning, although at first glance not the most exciting thing in the world, is essential.

“Failure to plan, is planning to fail” – Alan Lakein

 Why Should You Write a Business Plan?

If you are reading this, then I presume that you either have your own business and are curious to learn how to improve or grow your business or you are starting out on your salon business journey. A business plan is an essential tool when you are starting out in business and an extremely valuable tool when you are already in business – even when you have been in business for years. Business plans have previously been likened to having a map before setting out on a long journey. However, a really effective business plan should actually be more like your GPS navigation system in your car – or a Sat Nav for our UK readers.

First let’s look at why your salon business plan is like a map.

You’re already setting out on a journey by starting a business. When you start out on any journey it helps to have a map or directions to where you are going. A basic business plan should help you know where you are heading on your business journey. This is why people compare it to a map, but there is a better way . . .

  Better to have GPS Navigation than a map.

Let’s face it, we’re in the 21st Century, so wouldn’t you rather have GPS Navigation than a simple map? I think a great business plan is more like GPS because not only does it help you to know where you are going, it also tells you when you are going to get there, what your progress is like, whether you need to adjust course and should someone throw up a roadblock or other unexpected situation, it can help you navigate around the problem to get back on track.

 “Lack of planning contributes to 80% of business failures.” – Source: BBC News

Who is a Business Plan For?

This is another point on which different advisors and authors tend to disagree. Some will say that a business plan is simply written for people you want to invest in your business or your bank manager so that you can get a loan. Others suggest it is little more than a formalised process of making sure your idea has merit and verifying that your business stands a chance of being successful.

Your business plan for salon should serve both the above conditions, but also a lot more. A business plan should be for you and – if you have one – your business team and employees, so you all know where you’re going, what it’s going to take to get there, how well you’re doing at any stage and – to carry on the map analogy – when you actually get to your destination. A business plan shouldn’t be something only you create once when you are starting out. It’s a valuable tool that should be addressed every year you are in business and particularly when you are embarking on any strategic improvement such as an expansion, relocation or even just a change in product lines.

how to write a business plan of salon

Your business plan for your salon should be a real document, not a collections of notes, or worse, a series of thoughts in your head. You should be able to physically hand the document to someone who will be able to follow it through and understand what you are building and where you are heading. Who exactly might be interested in reading your business plan?

Well it’s true that the vast majority of formal business plans are for the purposes of gaining some form of investment. This could be in the form of a business loan from a bank, investment from a private individual, friend, family member or contact or it could be to secure big money from an investor or venture capital company. However, business plans in general should be as much for you as they are for anyone else. In general you can think of your business plan as being for both External and Internal purposes.

External – Formal or not, your business plan can be read through by investors, bank managers, advisors, partners, friends etc. Write down all your thoughts, ideas and reasonings so that others can follow them through. If you have ignored any factors, over looked something or mis-calculated in your forecasts, someone in this group will notice and point this out to you. Far better to make a mistake at the business planning stage than when you put real money, risk and effort in place.

Internal – For yourself, your managers and your team. As we have already said, your business plan is your GPS navigation for your business. It should tell you where you are going, where you are now, how you are getting on and whether things in the real world are matching your plans. If not you can make adjustments and get back on track. You might want to remove some of the more detailed forecast calculations if you are making your plans available to your team, but this is a great way to involve everyone and gain their buy in and their confidence. They will see that you have thought about things clearly moving forward and you have a plan of how to get your destination.

So What IS a Business Plan for a Salon?

There are of course books and books filled with advice on writing business plans. It’s an important area that I’ll cover in more depth in coming months, however today I want to cover the main elements of what really makes up a business plan, the fundamentals, to get you started straight away.

Most business books will tell you that your business plan needs to follow something close to the following format:

  • Executive Summary
  • Business Overview/Company Description
  • Market Analysis
  • Financials and Forecasts
  • Risk, Opportunity and Sensitivity

This is all absolutely true. If you are writing a formal Business Plan for funding or investment you will need to ultimately follow this format, but I find it really helps to understand the very real core of what your business plan is aiming for, rather than focus on all those complex headings from the start.

The fundamental aim of your whole business plan is really to answer these five questions:

  • What are you offering?
  • Who are you offering it to?
  • Who are your competitors?
  • What things do you need to do to get there?
  • How much money do you want to make?

I could be wrong, but I bet if you sat down and thought about your salon you would be able to answer the above 5 questions, far more easily than you would the formal business plan headings above. Go ahead, give it a try now. It should only take you 15 minutes to write something down – you might need to show some form of working out for point (5), but we are not looking for detailed spreadsheets right now, write down whatever comes to mind.

Are you Done? Great . . . you now have the foundation of your business plan!

Don’t believe me? OK . . let’s look at them again:-

What are you offering? – forms the basis of the Business Overview section

Who are you offering it to? – forms the basis of the Market Analysis section

Who are your competitors? – forms the basis of the Risks, Opportunity and Sensitivity section

What things do you need to do to get there? – becomes the Strategy section

How much money do you want to make? – ends up as the basis of the Financials and Forecasts section.

Once you have these basic ideas and information for each of these simple questions, starting to create a more structured business plan doesn’t seem quite so daunting.

Ongoing Business Plans

Most people associate writing a business plan only for starting something new, whereas if you understand the basic principle of a business plan being more for guidance – back to the GPS navigation analogy again – then you’ll see there is real value in always having a business plan to work to. No matter what stage your business is at, there are seldom times when everything is just exactly the way you want it. You rarely find a business owner claiming that they have exactly the right number of existing customers and new customers, that their profits couldn’t be higher or their costs lower, that they have no staff issues and their premises and equipment are all in perfect working order.

If you have a particular project in mind, why not write a business plan around it. You might be planning a refurbishment, changing product lines, hiring new staff, opening an additional branch or expanding the one you have. Plan it out as we have suggested above, you don’t need to prepare a formal one – unless you will be looking for funding of some sort – but answer the 5 key questions and then spend some time turning that in to a document that you can follow, show to others and monitor to see how you things are going.

Even if you are not making any significant changes to your business, follow this exercise anyway. Just cover what small things you would like to achieve in the next year. Write things down in a format you can follow so when things get busy day to day, you have your GPS business plan to remind you where you are going and what you are aiming for.

The Final Forgotten Stage

There is a crucial final stage to any business plan that is commonly overlooked even in the most formal plans. This is not a section that you need to include in your business plan itself, but I would say it accounts for a significant proportion of the success of any business plan. This is called the Review stage.

So you have written out your business plan, whether it was because you were starting out, making big changes or just setting yourself a path for the coming year. Keep checking your business plan to make sure you are on track, make adjustments where necessary, but when your new business has been open for a while, or your major changes are complete or the timeframe you defined has expired make some time to review.

Grab yourself a tea, coffee or class of water – leave the wine for now – sit down somewhere calm and go through your business plan. Are you exactly where you were aiming for? Did some things work better than others? Did you have to make any adjustments at any point? Write these things down and then add them to business plan itself so you will be able to look back in the future. Then guess what you should do next . . . .

. . . write another plan! Use the lessons learned from the plan you just reviewed to make your new plan even more effective. As you repeat this process you will build up valuable information covering what your plans were and how things worked out. This will allow you to target any area of your business in your next plan and be confident that your plans will become a reality.

If you would like a sample business plan for a salon, we are working on one right now, but we didn’t want to rush it. I wanted to give you the BEST sample business plan for salon or spa that we could, so we are taking our time over it and checking all our details and information. Whether you are looking for a business plan of a beauty salon or you are thinking of opening a hairdressing salon then we suggest you enter your email below and as soon as it is ready we will send it to you.

Image by: SalFalko

You Might Also Like

Productivity – how to spend your time and make the right decisions.

The Beauty Business Owners Coronavirus Crisis Management Plan

The Beauty Business Owners Coronavirus Crisis Management Plan

How Is Your Business Doing?

How Is Your Business Doing?

This post has 2 comments.

' src=

kelly riley

Iam a full time mum to two beautiful little toddlers who is hoping to set up as a mobile beutition and make up artist . I have found “salon business secrets” tips fantastic and really inspiring.thanks kelxx

' src=

Thanks Kelly – Really glad you are finding the info useful. Best of luck with setting up as a mobile make up artist and beautician, if there is anything else you are struggling with, have a question about or anything else that I might be able to help with please do let me know.

Leave a Reply Cancel reply

Save my name, email, and website in this browser for the next time I comment.

how to write a business plan of salon

Ultimate Guide to Salon and Spa Business Growth

Ultimate Guide to Salon and Spa Business Growth

July 25, 2024, share this:.

Running a spa or salon business means working in a fast-paced industry with high customer expectations and tight financial margins. Whether you’re just opening your salon or spa or have been in the business for years, you likely deal with different obstacles on a daily basis, some of which can take considerable planning to overcome.

Still, being a business owner comes with a wonderful sense of freedom and ownership that makes the journey worthwhile. You get the chance to supply people in your community with services that make them feel and look great. In many ways, it’s a rewarding career path that allows you to make a positive impact on your clientele.

We’ve put together an ultimate guide to help you navigate the complexities of growing your salon and spa business so you can enjoy success while giving your clients the best services you can provide. With determination, persistence, and market research, your business can expand and thrive. Keep reading to learn about industry challenges and how you can overcome them as a business owner.

What Challenges Do Salons and Spas Face?

There are several recurring obstacles that spa and salon owners face, but each presents an opportunity for your business to excel. Understanding these issues is the first step toward overcoming them.

As you read through this list, consider which areas for improvement resonate with you the most. Where are you thriving, and what business elements could you spend more time on?

Fast-Paced Industry

Fashion and beauty trends change quickly, and it’s important for salons to stay on top of new trends. While some clients will enjoy trying new trends, others will prefer classic beauty treatments like blowouts and French manicures.

Fast-Paced Industry

The trends you decide to follow will depend on your clientele and location. While some trends change quickly due to celebrity beauty choices, others — like the move toward sustainability — will likely become the new industry standard.

High Overhead Costs

Another challenge spas and salons face is high overhead costs. These costs include expenses like rent, equipment, product inventory, utilities, and more.

A high overhead is particularly challenging for spas and salons because their business income fluctuates month to month. Building a base of recurring clients is one of the best ways to create stability in this industry. As your clientele grows, you can expand your services and organically grow your business.

Marketing and Client Retention

Because this industry is so competitive, reaching and retaining clients can be a problem. However, you don’t need everyone in the area to choose your business. What you do need is a loyal customer base that covers your expenses and has some margin for business growth.

Marketing and Client Retention

One of the best ways to gain new clients is through word of mouth, so over-delivering each client’s experience can go a long way toward growing your client base. When a client receives stellar service at your salon or spa, they’re highly likely to tell their family and friends, bringing you more clientele.

Other marketing ideas and strategies include creating a user-friendly website, using email marketing, and keeping up with the latest industry trends.

Hiring and Retaining Staff

The employees you hire are the face of your business and part of the service you offer. When clients interact with them, they gain an impression of your spa or salon that they’ll share with others.

Investing in your staff is essential to running a sustainable business that aligns with your mission and values. When your team offers an incredible experience, client retention and rebooking grows .

Regulatory Compliance

Another industry hurdle is ensuring you follow all necessary regulations. In the spa and salon industry, this includes licensing requirements, health and safety standards, and some environmental regulations.

Facing these industry challenges demands planning and strategic business decisions and should be a constant focus of your operations so you can meet changing requirements.

Tips for Spa Business Planning

There are two sides to running a spa and salon business. On one side, you want to offer extremely high-quality services to your clients. This is the creative side of your business, where you hone a craft you love and share it with others. The other side is the business itself, which requires understanding your finances, seeing your time as an investment, and learning to set healthy boundaries.

These two sides work together. When clients think of your spa or salon, they’ll remember the personal interactions they had. However, you know there’s a lot of additional work that goes into sustaining a profitable spa or salon . When you improve the operational side of your business, the creative side massively benefits.

Creating a business plan for your salon or spa  is an important step for business growth. It helps you maintain direction, reach measurable goals, and understand where you are in your business journey. When you have a plan, you can use it like a map to navigate tough decisions.

Running a successful spa and salon business doesn’t require you to have it all together. You can learn as you go, taking one step at a time toward success. Wherever you’re at in your business journey, use these tips to take the next step forward.

1. Start With Your Values

As the business owner, you get to decide the culture of your business. “Culture” is just another word for how staff members act, talk, and think within the business environment. It includes the way they engage with customers, how they interact with each other, and the quality of service they offer. The values you prioritize define the culture of your business.

Start With Your Values

As the business owner, you’re the primary role model for creating a healthy company culture. When you’re clear on your company values, you can communicate them to staff through the hiring process, training, and feedback. Clear values mean consistency in your service standards and customer experiences.

Here are a few questions you can ask yourself to clarify your business values:

  • How do you want customers to feel when they’re in your space?
  • What do you want them to say about their experience afterward?
  • Who do you want to appeal to? Who is your ideal client?
  • What three words describe ideal customer service?
  • Think about your personal best spa/salon experience. What stood out?

2. Make a Financial Plan

Make a Financial Plan

Since overhead is high and business income often fluctuates in this industry, it’s important to be intentional with your finances. Part of setting up a successful business is managing your funds well — tracking expenses, finding ways to save, and planning for the future.

If you’re just starting out, think about how you can best finance your business until it gets off the ground. It’s not uncommon for sales to just cover expenses at first until your salon or spa has expanded and can generate profit.

Here are a few tips for making solid financial decisions as a spa or salon owner:

  • Start small so you can offer high-quality niche services.
  • Trade your time for money — do things yourself when possible.
  • Put money aside in busy months to help cover slow periods.
  • Prioritize high investments that generate more revenue.
  • Consider unexpected expenses when budgeting.

By thinking ahead, you can make better financial decisions and invest in your business’s growth over time. If you can, hire a financial assistant to help you set up and create a solid financial plan. Having a plan will help you make better financial decisions and stay focused on your goals.

3. Invest in Your People

The staff members you hire are your most valuable business asset. They determine your clients’ experiences and the stories they share about your business with their friends. If you have a team that aligns  with your mission and culture , they’ll be a powerful force for turning your spa or salon into a well-known local spot.

To attract and retain the right staff , you need to be clear on who you’re looking for. Are you creating the kind of environment they’ll want to work in? Consider the benefits and compensation package you plan to provide. What can you reasonably offer?

In addition to stylists, massage therapists, and makeup artists, you should consider hiring staff members to run the operational side of your business. When you can afford it, this role can take pressure off the rest of your staff, leaving them free to focus on clients.

Ultimately, you only want to hire people who contribute to your business’s vision and mission. If they don’t fit the culture, wait until you find someone who does. Creating hiring guidelines and dedicated job descriptions can help you streamline this process and make quick decisions. It’s up to you as the business owner to define and cultivate a team that takes your business’s success to the next level.

4. Conduct Market Research

Another way to boost your spa and salon business is by doing market research. Even if you’ve been in operation for a while, doing research can help you find new clients and opportunities in your area.

Market research should include what competitors are already offering in the area. Based on what you know about the spa and salon industry in your town or city, how are you going to make your business stand out? For example, it’s important to consider the accessibility of your location and what other beauty services are nearby.

Conduct Market Research

Spending some time on research can help you identify new trends and find opportunities to upsell existing clientele. You also want to stay on top of current industry trends so you have expert knowledge to share with clients and can anticipate their interests and concerns.

How to Boost Salon Growth

Once you’ve taken care of the operational side of your business, you should also spend some time focusing on the creative service side. Taking good care of your clients is the number one way to increase business and revenue at your salon or spa. When clients love your business, they’ll tell everyone they know about it.

Attracting Salon Clients

Attracting Salon Clients

Because this is a service-oriented industry, your clientele grows through building relationships. This involves several stages, from connecting with clients for the first time to investing and reconnecting with them. However, before you can think about client retention, you have to find ways to connect in the first place.

Many spas and salons use social media marketing to get the word out about their services. Showcasing sales and deals is a great way to connect with new clientele. However, word of mouth is the most powerful way to gain new clients. When your business is recommended by someone a client knows, they tend to show up and keep showing up.

Here are three ways you can attract salon and spa clients :

  • Advertise on social media and with physical posters.
  • Stay true to your values and do high-quality work.
  • Put your client’s needs before making money.

People can tell when you genuinely care about them. A stylist or massage therapist is someone you want to trust, and the best way to build trust is through genuine service. Think about your clients’ needs first and your needs second.

This doesn’t mean you should make poor business decisions. However, it does mean that you shouldn’t do things like aggressively upsell products to clients who aren’t interested in them or overlook genuine client concerns and complaints. Listen, ask questions, and make recommendations that are truly best for your clients.

As your clientele grows, your reputation for being trustworthy will spread. You’ll attract clients who like your business’s approach and feel connected to your unique vision. Staying true to your values can also help you connect with potential staff who like the way you work.

Improving Spa Client Retention

To improve your client retention, take some time to assess your business decisions. How can you offer more value to your clients? How can you exceed their expectations? Your clients should never feel rushed or like they’re only valuable for the revenue they bring you.

One way to improve client retention is to offer personalized customer experiences. Allow clients to mix and match services and give them discounts when they ask for multiple services in one visit. Learn their personal preferences and keep notes so you can refresh your mind before their next appointment.

Another  way to improve retention is to listen to client suggestions. Your clientele has insider information on what services they prefer and the experience they’re looking for. By listening to them, you can gather information about how to improve your services and bring them the best value.

Keep an email list of clients, and send out periodic emails to the ones who haven’t come by in a while. You can even offer discounts that incentivize them to choose you instead of another competitor. Still, remember to refrain from pestering past clients, as this will make them want to avoid your business!

Enhancing Salon Employee Experience

Because your employees are so integral to your business’s success, they deserve to be valued. Making your business a place where people want to work takes more than offering them a fair salary and benefits package. You also need to consider their daily experience, bonuses, and how you can support their work/life balance.

Make a point of noticing positive behavior. Positive feedback will boost your employees’ confidence and improve their work culture. However, it’s equally important to be clear when you’re unhappy with something they’re doing. It’s all about creating a balance that facilitates great work.

When your employees respect you, they’re more likely to have high job satisfaction and feel secure in their position. Building trust and sharing responsibility happens one day at a time through each interaction and the way you manage your own emotions and decisions.

Enhancing Salon Employee Experience

You can invest in your staff by continuing to train them. When they feel valued as people, they’ll be more motivated to do their best work at your business. Going on staff trips, paying for additional courses, and practicing new skills together are all ways to invest in your staff.

Creating a Salon Marketing Plan

Having a solid marketing plan is another important part of boosting your salon or spa’s growth. Marketing is how you reach new clients, engage past clients, and share incentives like deals and special packages.

However, posting on social media isn’t the same thing as having a marketing plan. To create a powerful strategy, you need to know your clients and competitors in the area, as well as when you may need to market more than usual . You should start with a list of goals that outline specifically what you hope to achieve with your marketing plan.

Once you know what your focus is, you can plan a social media campaign that aligns with that direction. It’s a great idea to take notes on how successful your marketing choices are so you can adapt and improve for the next time.

BONUS: Use our free annual marketing calendar to market your business and boost bookings!

Save Time, Increase Revenue, and Simplify Operations With Meevo

Meevo is a cloud-based software for spas and salons , designed by industry experts to help you succeed. It’s uniquely configurable for your business, allowing you to streamline administrative tasks so you can spend more time offering premium services and connecting with your clients.

Save Time, Increase Revenue, and Simplify Operations With Meevo

Because Meevo operates from the cloud, you can access it from anywhere at any time. Manage scheduling, check reports and finances, update staff schedules, and more after you’ve left your salon and whenever is most convenient for you. Customers who use Meevo love this feature because it simplifies their access to business data and management.

Meevo is an all-in-one platform to help you communicate with clients, complete administrative tasks, and manage marketing. As your business grows, Meevo will grow with you — allowing your salon or spa to expand with the support you need to stay organized and thrive.

At Meevo, we have a reliable and fast customer support team that’s always willing to answer your questions and ensure the software is doing its best for you. We’ll help you set up your business on Meevo, streamlining the process so the transfer is as smooth and seamless as possible. The only thing you’ll regret about working with Meevo is not trying it sooner!

Contact Meevo Today for a Free Consultation

Meevo’s innovative management software makes streamlining your salon or spa business easy. We offer solutions for booking, automated appointment reminders, inventory management, and more.

Keeping up with operational details is simple with the right tools. Contact us today  for a free consultation and learn how Meevo can support your business!

Contact Meevo Today for a Free Consultation

You May Also Like:

washing new clients hair at a salon

February 15, 2024

Captivate & convert: 12 surefire ways to grow your salon and spa clientele.

Interested in learning how to get more clients as a hairstylist? You've come to the...

Woman setting spa and salon goals on laptop

January 11, 2024

Strategies for setting spa and salon business goals: a professional’s handbook.

Having a clearly defined target for your spa or salon can keep your business pointed...

Women of different ethnicities representing International Women's Day

January 15, 2024

Spa & salon promotion ideas for international women’s day.

Spas and salons continually strive for innovation in a highly competitive industry....

Education at your fingertips

Subscribe to our monthly meevo inspo newsletter and be the first to know when our latest content has been added..

First Name*

how to write a business plan of salon

Create a Compelling Concept To Start Your Salon Business

Interior of hair salon

Define your services

Identify your target audience.

In hair salon

Determine your unique selling points (USPs)

Create the right atmosphere, develop your brand identity.

integration

Take control of your schedule with Reservio

Recommended articles.

QR code with social media logos

Simplifying Booking Process with Unique Booking Links

Modern interior of a spa

Create a Compelling Business Plan for a Wellness Business

Upselling vs. cross-selling graphic

What is Upselling & Cross-Selling and How to Use Them in Your Salon

Build a client experience

Run your business, grow your business, build your brand, size of business.

how to write a business plan of salon

48 Hair Salon Slogan Ideas To Grow Your Business

how to write a business plan of salon

No credit card required.

how to write a business plan of salon

A killer slogan makes your salon unforgettable – even before clients walk in the door. 

Getting clients to remember you is all about branding. And customers can only try you out if they know you exist. Using a slogan across your online presence and in advertisements is a catchy way to let people know what you're all about before they come into your salon to check out the vibe. 

Read on to learn more about why you need a catchphrase and how to create one. Plus, check out these 48 hair salon slogans to inspire your own.

What’s a Slogan? 

A slogan is a powerful, memorable catchphrase businesses use across their advertising. An excellent slogan captures a brand’s essence in only a few words (no more than 10 or so). It’s a marketing tool that sets you apart from competitors and conveys your brand's personality, values, and unique benefits in just a few words. 

The goal is to quickly resonate with a target audience – the group of consumers the brand wants to reach – to show them what the business is all about. For example, a hair salon's target audience may be people aged 25–40 looking for trendy, modern styles. 

Examples of well-known advertising slogans include Nike's "Just do it" and McDonald's "I'm lovin' it." When it comes to beauty and hair advertisements, quotes like "Because you're worth it" from L'Oréal Paris and "Love the skin you’re in," from Olay are empowering and recognizable. 

A slogan is just as important as a business name for a hair salon – potentially even more so, because it tells customers even more about the brand and its goals. A catchphrase like "Where style meets comfort" highlights the quality of your services and the welcoming atmosphere of the salon itself. 

3 Reasons Why You Should Use a Beauty Salon Slogan 

[CTA_MODULE]

Here are three key reasons to add a slogan brainstorming session to your to-do list: 

1. Differentiates Your Business  

A catchy slogan gives your brand a unique voice and identity in a crowded market. It makes it easy for potential and current clients to remember who you are and what you offer beyond your business name.  

For example, a slogan like “Beauty beyond boundaries” tells potential clients your hair salon pushes the envelope regarding style and creativity, helping you connect with people seeking innovation in haircare. 

2. Attracts New Clients 

A hairstylist dampening a client's hair

A fun slogan can be a magnet for new clients, especially if it sticks in their heads. For example, something like "Transforming hair, transforming lives" suggests your salon offers life-changing hair experiences – and who doesn't want that? It turns potential clients' heads and encourages them to choose your salon over others. 

3. Enhances Brand Recognition 

A powerful slogan creates a lasting impression on your audience and makes your business more identifiable. When clients see or hear your motto, it’ll immediately bring your salon to mind. 

Think about “The happiest place on Earth.” What comes to mind? It’s probably not your ex’s house or the grocery store down the street. It’s Disneyland. Same for “Snap! Crackle! Pop!” You don’t think about Froot Loops or Frosted Flakes – it’s Rice Krispies.

Encourage current and potential customers to remember your salon by consistently using your slogan across your marketing channels. Add your slogan to your website, TikTok and Instagram captions , and signage to make it easier for your audience to associate it with your services. It might take time, but soon enough, loyal customers will never forget your slogan. 

GlossGenius can also help you curate your brand with a modern booking website for your business that will show off your vibe. You can add your slogan to your website and socials with our easy-to-use marketing tools . 

5 Tips To Create Catchy Hair Slogans  

Write a winning slogan with these five tips for salon owners : 

1. Keep It Short and Simple  

A short, simple slogan gets right to the point and is easy for clients to say and remember. Avoid long slogans clients have to decipher. It’s a catchphrase, not the Da Vinci Code.

2. Reflect Your Salon's Identity and Values 

“We cut hair” is clear, but way too vague. Your salon's slogan should embody its unique identity and values. For example, if sustainability is one of your primary values, try a slogan like "Eco-friendly elegance" or "Sustainable beauty" to convey this. Choose words that reflect what your salon stands for without compromising personality. 

3. Highlight Unique Selling Points (USPs) 

A USP is what makes your brand better than its competitors. Focus on what sets you apart, whether it's stellar customer service or a focus on certain types of hair textures or styles, like natural hair or event up-dos. "Expert cuts for every curl" is a slogan that speaks directly to a salon specializing in curly hair, while "Embrace your natural beauty" draws in clients who need expertise in natural hair textures. 

4. Make It Catchy and Memorable 

Every great slogan is super catchy. Use techniques like rhyming, alliteration (repeating the same sound or letter in each word in a series), or playing on words to catch clients' eyes and ears. For example, "Snip, style, shine" is an alliterative slogan. And "From roots to tips, beauty that flips" is a fun rhyming slogan.  

5. Consider Your Salon's Target Audience 

Who are your clients, and what do they value? How do they want to look and feel? Tailor your slogan to appeal to their preferences and needs, whether they’re young and trendy or more mature and professional. Just be careful not to use too much slang, because you don’t want the slogan to become outdated in a few years.

Try GlossGenius free for 14 days!    

48 Hair Stylist Slogans To Inspire You 

You work hard to create a vibe at your salon, from the decor and lighting to who you hire. It only makes sense that your slogan encapsulates everything you’ve done so far. These 48 slogan ideas will spark your creativity to come up with your very own.

Catchy Hair Salon Slogans

Keep things short, sweet, and simple with these catchy slogan ideas: 

  • "Style beyond the chair"
  • "Hair dreams come true here"
  • "Snip into something fabulous with us"
  • "Trust us to transform your tresses"
  • "Your hair is our canvas"
  • "We make hair dreams come true"
  • "Chic cuts, bold hair, fun colors"
  • "Hairstyle magic happens here"
  • "Styling you stunning, every single time"
  • "Fresh cuts for fresh looks"
  • "Beauty by the strand"
  • "Your hairdresser awaits" 

Fun Hair Salon Slogans 

Add some cheeky flair with these fun ideas:

  • "Good hair days only"
  • "Fabulous hairdressing starts here"
  • "Take a walk on the wild side"
  • "Where we take scissors to your hair goals"
  • "Your best hair day is waiting"
  • "Get noticed, guaranteed"
  • "Where we play with hair"
  • "She cuts her hair back and forth"
  • "Live, laugh, love, hair"
  • "Haircut happiness starts here"
  • "No bad hair days allowed"
  • "Life is short, love your stylist" 

Elegant Hair Salon Slogans 

These chic ideas are oozing with class:

  • "Beauty in every strand"
  • "Timeless beauty from your hairstylist"
  • "Graceful transformations at any age"
  • "Sophisticated cuts, dye, and styles"
  • "Hair care at its very best"
  • "Luxurious locks and looks"
  • "Beautiful hair with a modern touch"
  • "Effortless elegance is calling"
  • "Pampering starts with your hair"
  • "Poise and polish"
  • "Grace, glamor, and great cuts"
  • "The salon for upscale styles and smiles" 

Cute and Funny Hair Salon Slogans 

Make clients smile with these funny (and punny) slogans:

  • "Hair today, gone tomorrow"
  • "Snip happens"
  • "We'll hair you out"
  • "Making the cut, one snip at a time"
  • "Comb on in, we're open!"
  • "We're dyeing to meet you"
  • “Life's too short for boring hair"
  • "Cute cuts for kids"
  • "Keep calm and get your hair colored"
  • "Haircuts that will make you flip"
  • "Hair's looking at you, kid"
  • "Don't worry, be hairy" 

Elevate Your Salon Business With GlossGenius 

A captivating slogan establishes your brand, attracts clients, and fosters brand loyalty and recognition. Use the ideas above to refine your catchphrase, and GlossGenius can help with the rest.

GlossGenius's all-in-one platform makes managing your salon 's branding and marketing a breeze. With GlossGenius,  you can simplify your entire business with features like Client Engagement , Scheduling , and Online Booking so when clients walk in the door or book a hair appointment with you online, they know your brand’s vibe.

Sign up for a 14-day free trial with GlossGenius today. 

Try GlossGenius free for 14 days!

how to write a business plan of salon

related posts

how to write a business plan of salon

Top 80 Instagram Captions for Hairstylists and Salons

how to write a business plan of salon

30 Creative Spa Instagram Captions to Engage Customers

how to write a business plan of salon

How to Represent Your Brand on Instagram

Workbooks & more

how to write a business plan of salon

Join Our Genius Newsletter

Get the latest articles, inspiring how-to’s, and educational workbooks delivered to your inbox.

Run your business the smart and stylish way with GlossGenius

© 2024 GlossGenius. All Rights Reserved.

IMAGES

  1. Creating the Perfect Nail Salon Business Plan

    how to write a business plan of salon

  2. The Most Helpful Salon Business Plan Template [Free Download]. Get a

    how to write a business plan of salon

  3. Salon Business Plan Revenue Projection

    how to write a business plan of salon

  4. Hair Salon Business Plan Template Sample Pages

    how to write a business plan of salon

  5. Beauty Salon Business Plan Template

    how to write a business plan of salon

  6. How to Write a Salon Business Plan in 2023

    how to write a business plan of salon

VIDEO

  1. كيف تكتب خطة عمل

  2. How to Write a Business Plan

  3. Salon business plan introduction

  4. Mark Bouris: What Business Plans Are Really About

  5. Join our community @ askraghuraj.com

  6. Write Your Business Plan Challenge: Day #1 Defines Values & Goal

COMMENTS

  1. How To Write the Perfect Salon Business Plan in 7 Simple Steps

    Here we've broken down the entire process into 7 easy-to-follow, foolproof steps, along with their templates, to help you create a successful salon business plan. Write a mission and vision statement. Create an executive summary. Analyze and identify your target market. Perform a competitor analysis.

  2. How to Write the Perfect Salon Business Plan in 6 Steps

    1. Create an Executive Summary. The executive summary is the first section of your business and management plan and provides a brief overview of your salon business. This section should include your mission statement, business objectives, target market, products and beauty services, and financial projections.

  3. Free Hair and Beauty Salon Sample Business Plan PDF

    The 7 elements of an effective hair and beauty salon business plan. 1. Executive Summary. The executive summary provides a high-level overview of your business plan. It should outline the objectives of your hair and beauty salon, such as to offer high-quality services, to expand the client base, or to break into a new market.

  4. How to Write a Hair Salon Business Plan: Template & Guide

    How to write the perfect hair salon business plan in 8 steps. here is the simple step by step guide on how to write hair salon business plan. 1. Executive Summary. An executive summary is the first and foremost section of a business plan that provides a high-level overview of your hair salon business. In fact, it might be the only section that ...

  5. How to Write a Hair Salon Business Plan (2024)

    Sales forecast - total sales expected over the next several years. Expenses budget - all the costs you need to operate. Profit and loss (P&L) statement - a 12-month summary of revenue versus expenses. Cash flow statement - how cash moves in and out of your business, including monthly payments.

  6. How To Write A Salon Business Plan

    For writing your business plan (and all future writing): Grammarly. Use this to make sure your salon business plan reads perfectly. For your financial charts and maps: Google Sheets. Perfect for the financial section of your site, you can use Google to generate charts and graphs without paying for more expensive software.

  7. Salon and Spa Business Plan: How to Write + Free Template

    1. Start With the Executive Summary. The executive summary is the first section of your business plan. Think of it as a high-level overview of your salon and spa business. It should include a brief description of your business, its unique selling proposition, goals, mission statement, and keys to success. The executive summary sets the tone for ...

  8. How to Write a Winning Beauty Salon Business Plan

    To write a salon business plan, start with an executive summary of your mission, services, and goals. Include a company description, market analysis, and details about your management team. Describe your services and pricing, and outline your marketing and sales strategy. If seeking funding, specify your financial needs and projections for the ...

  9. Beauty Salon Business Plan Template & Guide [Updated 2024]

    A business plan provides a snapshot of your salon as it stands today, and lays out your growth plan for the next five years. It explains your business's goals, business model, the type of services you will offer (beauty services, spa services, nail services, skin care services and/or hair salon services), management team, target market, and a marketing plan for the many ways you can reach ...

  10. Hair Salon: get a solid business plan (pdf example)

    Developing a robust business plan will enable you to: learn about the hair salon market. be aware of new consumertrends and apply them to your project. identify factors for viability in a hair salon. understand the latest hair trends, styling preferences, and customer expectations in salon services.

  11. How to Write a Salon Business Plan that Yields Profits

    An executive summary serves as your plan's overview. Think of the summary as a clear, concise preview for the reader of what's to come. Your executive summary should include the objectives of your salon and your mission statement. Use it to paint the big picture. The summary should include your business keys to success.

  12. Creating a Successful Salon Business Plan: A Step-by-Step Guide

    6. Identify Products and Services You Wish to Offer. This part of your salon business plan lays out all the different services that your salon will offer its customers. You can expect a wide range of services, from haircuts, styling, coloring, treatments, manicures, pedicures, facials, and many more.

  13. Salon Business Plan: How to Write a Beauty Salon Business Plan

    Marketing Strategy. Your market analysis will serve as the foundation for your marketing strategy. First, define the type of clients you would like to attract. Create a detailed picture of your ideal clients: their age, gender, income, lifestyle, occupations, desires and needs. Then, outline your position.

  14. How To Create a Successful Salon Business Plan

    8. Get your finances in check. If you've already set your prices, take a bow — the hardest part of your salon's financing strategy is already done. However, you'll need to take your money a step further to get a rough idea of how your business will progress on a monthly and annual basis.

  15. How To Write a Salon Business Plan

    Write an effective executive summary. Create a company overview and description. Conduct a thorough market analysis. Outline your services and business offerings. Decide how you want to manage your salon business. Make a plan for marketing your business. Put together your financial projections.

  16. How to Create a Salon Business Plan

    A salon business plan is your blueprint to guide you through the process of starting and managing your establishment. It provides a roadmap to set up, structure and run your business. In the startup phase, the salon business plan helps you outline your key objectives with the business. It also helps you set a strategic direction for the salon.

  17. How to Write A Business Plan

    Here are a few tips before you begin. First, your business plan should be no more than 12 pages long plus supporting financial documents. In each section, always list qualitative objectives and quantitative goals. State any likely roadblocks along the way and indicate how you plan to overcome these issues.

  18. How to write a business plan for a hairdressing salon?

    A business plan has 2 main parts: a financial forecast outlining the funding requirements of your hairdressing salon and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.

  19. How to Create a Salon Business Plan

    State Your Business Goals. The first part of creating your salon business plan is establishing your business goals and determining a plan for how you will achieve them. Be specific about what you want to accomplish and set goals for the short-term and long-term future. For example, a concise short-term goal might be to use social media to ...

  20. How to Write a Business Plan for a Salon

    Create a Business Plan Summary. The first section of your salon business plan should include a summary of the entire business plan and a company profile that lists your goals in the next five ...

  21. How To Create A Salon Business Plan: A Blueprint For Success

    5. Organizational Overview. In this section, detail any human resources necessary in running your salon. This may include any business partners, personal assistants, styling assistants, apprenticeships, etc. This may also include any work that is outsourced, such as booking, filing, advising, accounting, legal and more.

  22. How to Write a Business Plan for Salon

    In general you can think of your business plan as being for both External and Internal purposes. External - Formal or not, your business plan can be read through by investors, bank managers, advisors, partners, friends etc. Write down all your thoughts, ideas and reasonings so that others can follow them through.

  23. Ultimate Guide to Salon and Spa Business Growth

    Creating a business plan for your salon or spa is an important step for business growth. It helps you maintain direction, reach measurable goals, and understand where you are in your business journey. When you have a plan, you can use it like a map to navigate tough decisions.

  24. How to Start a Business: Steps to Start Up a Business

    2. Write a Business Plan. A business plan is where you plan out your business's future objectives and how you will achieve them. Think of it as your guide for success and any potential roadblocks you may face. Your plan should show you're looking three to five years ahead, and include markers for milestones along the way. You need a ...

  25. Create a Compelling Salon Concept

    Starting a salon is more than just picking the perfect decor and ordering high-end furniture. The real work begins with defining a clear and compelling concept for your salon. This is the foundation of your business, influencing everything from the services you provide to the ambiance you create and the clientele you attract.

  26. 48 Hair Salon Slogan Ideas To Grow Your Business

    Write a winning slogan with these five tips for salon owners: 1. Keep It Short and Simple A short, simple slogan gets right to the point and is easy for clients to say and remember. Avoid long slogans clients have to decipher. It's a catchphrase, not the Da Vinci Code. 2. Reflect Your Salon's Identity and Values