Tuesday, November 13, 2012

Guide to Successful a Successful Esthetics Business


       Jumping into booth rental (or opening your own spa) without a plan is asking to give money away. If you go into business for yourself, but you don't write a business plan you will likely fail quickly into your venture.
       It is exciting to start your own business, and no one wants to bring themselves down off that honeymoon stage of excitement, but the reality is that you must use business sense as much as you need your excitement to fuel your motivation to move forward.
       Plan your business out. You need to know the costs involved to get started: booth rent, insurance, products, equipment, advertising, supplies and branding.
       You need a budget before you even begin your venture. You need to go know what things cost and how you will afford those items. Will you take a personal loan from the bank? Will you borrow money from family? Or do you have money saved for this new business already? Will you use credit cards? Also, it is wise to seek the advice of a tax professional.
       Most businesses fail in the first year, not because their ideas were bad or they lacked the motivation it takes to successfully run a business, but because they did not map out their plan of success.

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