financial tips

7 Things to Do Before Opening a Hair Salon

7 Things to Do Before Opening a Hair Salon

When it comes to owning a business, the beauty industry generates approximately $60 billion annually, with hair care makes up to 24% of the revenue. Also, this industry often remains unaffected during economic recessions. So, if someone is looking for a steady, profitable business (initially with less investment), a hair salon is a pretty safe bet. But before …

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5 Most Important Financial Projections for Startups

5 Most Important Financial Projections for Startups

Alongside accounting basics, an important part of business planning includes the preparation of financial projections to predict the outcome of an organization’s future income and expenses. This section will show potential investors about how a startup company will operate in its first few years.  How are financial projections prepared in a business plan? “A business plan …

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A Comprehensive Guide to Launch a Successful Beauty Salon Business

A Comprehensive Guide to Launch a Successful Beauty Salon Business

A beauty salon — sounds like a girl’s dream. No doubt, the field of beauty is an attractive (ahem) business! A person can turn a handy profit from this business if run smartly. From licensing and health inspections to financing, equipment, accounting, and marketing activities, there’s a lot to consider. Looking for a guide? In this article, we have to break down some …

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A Comprehensive Guide to open a Profitable Hair Salon Business in 2020

A Comprehensive Guide to open a Profitable Hair Salon Business in 2020

The hair salon is a service profession par excellence! Opening a hair salon is a popular activity. Many professionals open their own salons to be self-employed. However, working in a hair salon and opening one is very different. You can’t improvise your own boss. You must comply with specific regulations. Put the odds on your …

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How to build financial projection for startup

How to make realistic Financial Projections for Your Startup?

A business plan is the most crucial pillar of a new business. The financial projection is its essential component. These projections forecast the inflow and outflow of your cash, income and your balance sheet. It is crucial to show the bankers and investors how you’ll pay off the loan. Moreover, it also shows your strategies …

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