booth rental

[Diane]

I was wondering if anyone can help me with a few questions that I may have about becoming an independent contracter... Come some one tell me how the whole booth rental thing works. I am currently a commision based stylist who is about to go chair rental and I have not the foggiest idea on how it works. My question is: what should a contract include ie: backbar, products, credit card charges, what is a good asking price on booth rental and so on... so please help out a fellow stylist looking to make it on her own!!! I greatly appreciate it...

[THE TEALS]

I have been in business for 15 years and have tried every business model available. ie. Salary, Commission, as well as Lease. what i have learned is that there has never been just a Quarter Back, getting to the super bowl without the rest of his team. I feel that the lease epidemic has been caused by poor commission management.

I feel that this attitude of singularity that lease inspires is not a cause but aides in the decline of our industry. I believe in this time of major manufactures, buying other manufactures and distributers, as well as opening schools. Their is only one thing left to do and unite on a personal level in the salon. One thing i have tried to do is find people in the industry that i look up to and do what they did or do. So my idols in the industry are people like Vidal Sassoon, Trevor Sorbie, Fredrick Fekkai, Steven Brooks, Robert Cromeans, Umberto, and so on. and to the best of my knowledge none of them leased or leased to anyone.

Not everyone needs to be a business owner. We need good hairdressers, and sometimes it is hard to focus on Hairdressing when you have to focus on your chair, business.

On a legal note, I didnt just read an article that the Fed Gov. is red flagging businesses that are 1099ing more than 5 people for more than 25,000. I dont know the specifics but that is pretty scary.

I have drank way to much coffiee, so i tend to ramble. I also apologize if there is any misspelling or grammer problems i am not much of a book learner, But i am a pretty good hairdresser.

ryan teal

[Alexander Irving]

I concur with John Durham's comment especially about the accountant. VERY important in today's economy. Listen to your accountant. State and Federal tax agencies have all hired additional people. Collecting their taxes due is going to be a high priority. Make sure your 'business' is in order and your taxes paid. Find an accountant who has other salon professionals among his or her client roster. Understand the state laws that define 'independent contractor'. Stay in the guidelines and you are in great shape.

[Kamala]

If you are a Go Getter you can do it. No not always easy but easier than owning with employees. I own and by the time you pay out all the taxes for employees plus business taxes, repairs, bad days (snow days) it is a pain.
Commish on nothing is still no money. At this point I'm thinking of changing over to booth rental. Just make sure to read the contract....READ IT, if you don't like it then pass for now. The contract protects BOTH you and the owner. But if you are going to the trouble of getting as many answers as you can, I have a feeling you'll do just fine.

[tasha parker]

i dont know if anyone said this but start a yelp.com (if you have your area on there) and have some of your clients leave you reviews.
just this week I have gotten over 10 clients from it

[paula]

oooo so i just signed up to do booth rent at a new salon and I am super scared. Rocco can you send me a copy of the contract as well? My email is [e-mail] Thank you so much it sounds like it will really help!

[Phyllis Culbreath]

Hi Diane I am not a stylist but I can show you how to build additional income streams as a hair stylist. I am a cosmetic rep & skin care rep. I show people in the salon business how to build additional income streams.If you are interested contact me & I will show you how with the salon success system work. There is no charge to see this & can be done online. I will explain all details to you when you contact me & we set up an appointment to talk.

phyllis culbreath

[Regina Severance]

Dear Diane, After 37 years of being in a commission salon( in the same salon too) I became a booth renter. What a big step. I found a couple of books on booth renting. Behind the Chair offers them. Judiffier Pearson is the author she has written 2 very good books. I recommend them. From there I started to visit booth salons and talked with people who were doing this type working arrangement. I sat down wrote on paper the amount of money I brought in a week and month. This was helpful for me to decide how much rent i wanted to pay,,, I talked with my tax man to explain paying taxes, what I would need to prepare for. The salon I am working at had the cc card machine so I could just add my self to their machine, we are charge indiviually. Just watch out signing contracts, asks how long you have to commit, because if you are unhappy you may have signed a contract that you are penalized with a fee for breaking ( several hundreds dollars ).
Open a checking and savings account put money into both for start up capital and begin to buy your products color, perms,products to use at your booth.watch for SALES at your supply house for the items you need. TAKE YOUR TIME, so you will have all your ducks in order. Once you have found a salon that fits you, then write a nice letter to your address book to anyone's hair you have done, ( you should have names addresses,etc.) announcing your new adventure, inviting them to visit you at your new location after the date you plan on being there. You will want to use your cell phone number as a way to contact and the salon # secondary. Don't forget about Malpractice insurence, I was able to hook up with my salon owner for that at a very reasonable rate.
My best advise is this is YOUR BUSINESS treat it as such.Know how much money you are bringing in and how much is going out.. don't rush ask lots of questions,be orgainized for success..
It has been 6 months for me and I am enjoying it so much,, I was able to keep about 90-95 % of my business, they moved with me. I stayed 2 miles from my former location ( important concideration as well)
I wish you the best of luck. I hope this will be helpful. Regina

[michelle wille]

Fear, caution and hesitation are just disquised opportunities for self- improvement.

[michelle wille]

The most important thing to have a tight grasp on is your point of sale. I pre-book 85% of my clients for their next appointment. Clients will go wherever you need them to go. If you are commited and loyal to them they will reciprocate that back to you. I have had 6 locations in my city with no road. Everything from commission, to chair rental and salon ownership. I never dropped the ball on my clients. It helps that I do my own bookings. No risk no reward!