If you run a limited company, your personal finances will remain separate. “When choosing your team make sure you employ like-minded people who you can build a solid working relationship with,” says Gary of Hooker & Young.
If you want to set up in business with other people, a partnership is the simplest way of doing this. “Start small and build your team as the salon grows organically.
You can do this very quickly on the Companies House website.
It’s a good idea to make your company name quirky and memorable.
A good front of house is a hugely important role and can help make your business a huge success.” Find out how to recruit the right team.
It is vital to have proper insurance in place to protect your clients, your employees, yourself and your business.• Create a business plan and stick to it.• Sort out your finances, including a business bank account.• Decide on your business set up: Sole trader? • Recruit the right team.• Don’t forget business insurance.• Choose a good name for your business.• Decide on your services and prices.• Keep an eye on the competition.• Use advertising and social media to attract more clients.• Join the NHF/NBF for fantastic business support.The NHF/NBF works in partnership with Coversure Insurance Services, one of the UK's leading independent brokers, to offer Members comprehensive cover specifically designed for hair/beauty salons and barbershops.Find out more and claim your Members-only 20% discount.The NHF/NBF's in-depth guides offer expert information and advice on a whole range of business issues, from employing staff, chair/room renting and finances to marketing, workplace pensions and apprenticeships. Don’t forget – the law says you must have Employers’ Liability insurance as soon as you employ anyone.NHF/NBF Members can get 20% off their insurance with Coversure. When choosing a name for your salon or barbershop, a good first step is to make sure no other business has already taken the name.A name that starts with one of the first letters in the alphabet means it will be listed higher in directories.(However, this will not make any difference to your Google ranking.) What services will your salon or barbershop offer?Benefits include: • Our friendly membership helpline for everyday business support.• Free 24/7 legal helpline.• Essential health & safety kits.• Free tax and commercial helpline.• Free Member-only in-depth guides about all aspects of running your business.• Savings and discounts on business essentials including insurance.Find out more about all the benefits of membership and how it could help you in the early stages of setting up a business.