How to start a beauty parlor business?
In a survey conducted by lifestyle experts its learned that the cosmetic industry, in the last five years, has grown 60%in India. Along with there has a been a rampant increase in the parlor or salon industry too by 35% a report from leading lifestyle magazines forecasts, that in the year to come the beauty industry will grow twice as fast as us and European markets in India.
Beauty industry covers beauty products, an establishment of a beauty parlor, salons, wellness center etc. salons or [parlors are definitely a promising business with plenty of opportunities in India, especially for women entrepreneurs who play a major role in this industry.
Beauty parlor business models
A salon or beauty parlor can be categorized into different types depending on what aspect of this business you would want to take up-a part of the service or whole package.it all depends on the types of service you would offer to the customers.
Beauty parlour ownership types
The beauty parlours industry accommodates small business as well as the giant chain. Therefore prior to starting the beauty parlour business, it is important for the entrepreneur to decide on a mode, scale and ownership structure for the business.
Independent beauty parlour
Independent beauty parlour or hair salon are the most popular and prevalent type of ownership structure.in this model, an independent entrepreneur or group of entrepreneur would establish and operate an independent beauty parlour in a neighborhood withy good customer base. Entrepreneur experienced in the beauty industry could establish a successful beauty parlour under this model.
Franchisee of beauty parlour chain
Under this business model, the parlour will operate as a franchisee of a large beauty parlour chain. Since the beauty parlour would be set up as a franchisee, the franchisor would provide support for setting up of a beauty a franchisee, the franchisor would provide support for setting up of a beauty parlour, operations, staff training, branding, advertising etc.
If you plan to start a beauty parlour with two or more store or salons at different locations under the same management, then you are looking at a chains of salons.