The Top 5 Things You Need to Know
as a Salon Suite Renter
If it’s finally your time to take that huge leap from stylist to stylist + business owner, we’ve just got to say—WE’RE PROUD OF YOU.
Take a minute to really let your accomplishment sink in, because honestly, it probably took you some hard work and dedication to get this point and you’re doing the damn thing!
Now that you’re stepping into a whole new role, there’s something super important we need to say—if you’re planning to start your own salon and are renting a salon suite, you need to transition you’re thinking. Because now, honey, you’re a business owner—and a badass one at that.But that frame of mind is different than being a stylist. That’s not to say that being a stylist takes less skill—um, no way—just that being a successful business owner takes a different set of skills. Skills that, sometimes, can take some time to develop.
But don’t sweat it.
We’ve laid out a few really important tips for you to transition from stylist to small business owner—especially if you’re planning to rent a suite!
You’re in Charge—That Can be Good and Bad
Being your own boss and being totally in charge absolutely rules—but it can also be really overwhelming.
The good news? Both of those feelings are totally okay.
Running your business technically means flying solo—but don’t mistake that for meaning you’re totally on your own in every aspect. It’s encouraged to get help from people who’ve been there before, so know that there’s no shame in the asking for help game.
Because you’re in charge, you’ll be the one handling the bulk of the responsibilities—that means you’ll be responsible for carrying your own health insurance, disability, and liability insurance, you’ll be responsible for employee wellbeing, and you’ll have to learn how to handle every aspect of your business (from finances to pricing to marketing to customer service).
The Laws, Regulations, and Finances are Up To YouYou’ll probably have to take over sections of a business you’ve never dealt with before—finances, taxes, the legal stuff, etc. That can be scary, but there’s no reason why you can’t handle it!
Work with people who’ve done it before, hiring on some advisors—whatever you do, make sure you’re handling this part totally legally and responsibly! (Because it’s obviously important!)
Reading the Fine Print & Getting a Solid Contract Hammered Out is Huge
When you enter into a tenant/ landlord relationship, it’s so important for you to make sure you’re doing things on the up-and-up.
That means sitting down with your landlord (and potentially a lawyer) to make sure the contract makes perfect legal sense, isn’t leaving you on the hook for anything insane, and doesn’t mess you up with any weird, fine print.
Your contract should go over things like:
- Defining your independent status clearly and legally.
- Termination policies and clauses.
- Start and end dates for your lease.
- Lease-specific charges, fees, and regulations.
- Flat rates and monthly fees in specific detail.
Add Marketing to Your ListOne of the really cool things about working with a commission salon is that they typically take care of the marketing piece for you. And that’s great—but it’s a little limiting, too.
When you run your own salon, the power is in your hands to market to the audience you want to—how you want to.
If marketing isn’t inherently in your wheelhouse, there are plenty of resources out there that can teach you some basics—or, if you have the budget, you can work with marketing professionals to make your brand dreams come true.
You’re Responsible For Learning as You GoIn the past, you might have worked for people who pushed you to learn, continue your education, and develop new skills.
All of that is well and good—and we could all use valuable mentors in our life—but now, the responsibility to encourage others and yourself to improve is going to fall squarely on your shoulders.
But don’t sweat it—if you love what you do, you can make it happen.
Was this helpful? We thought so.
We have the ultimate salon guide for you when you decide to run your own salon suite! Receive this FREE Ebook by filling out the form below!
Got more salon-suite rental advice for your fellow badass business owners?
Share it in the comments, guys! That’s what that’s sections there for.
If you’ve got a tip, a trick, or some insight that can make anyone’s transition easier to renting a salon space, then drop it there—your community will thank you (and so will we!).
If it’s other advice, trends, and biz knowledge you’re looking for, keep checking in with our regularly updated blog right here on EBS!