You actually have three choices if you are in the beauty industry: renting a booth in a salon, choosing a booth rental, or opening your own beauty salon. Since very few of us have the money necessary to open a full-service beauty salon, we will dedicate this article to the most common two choices: working for someone else in their beauty shop, or taking the booth rental option.
In this article, we will look at the pros and cons of both options.
We are Salon & Spa Galleria, serving the Greater Fort Worth area with twelve locations. Call us at 972-691-7300 for more information about a salon suite rental at one of our locations.
Now, though, let’s talk about renting a booth in a salon vs a booth rental.
The pros of renting a booth in a salon
The biggest benefit of renting a booth, or chair, in an established beauty salon is security. You know you have a job every day. You do not have to worry about paying payroll or business expenses, and you do not have to worry about finding new business. It is a low-risk venture, and it has been reasonably successful for decades in the United States.
The cons of renting a booth in a beauty salon
The biggest con of renting a booth in someone else’s salon is your financial limitation. You are working for commissions. You will almost never rise above financial mediocrity, and that’s just the real of it. There are very few “rich” salon workers. There are many rich salon owners, but not salon workers.
The pros of booth rental
The first advantage of booth rental, or salon chair rental, or salon suite rental, is the fact that you keep 100% of the profits. You can reach financial security by being your own boss and running your own business.
The second pro is the fact that booth rental is reasonably inexpensive. At Salon & Spa Galleria, you can obtain a booth rental for under $100 per week. That is a ridiculously low price in an established and well-known agency.
The third pro is there is very little in the way of risk. Your total investment, to get started in your own booth business, is probably around $500. There are very few businesses available with that small an initial investment.
The cons of booth rental
The cons begin, and end, with this: there is no safety net if you fail. There is nothing to fall back on. You are your own boss. You are making decisions which directly affect the amount of money you will have in the bank, and directly affect whether you can pay your bills.
There is pressure in running your own business, emotional pressure, and some people cannot handle it.
Some people believe they are made of the right stuff, and find out they are not. It is a common mistake. People want to believe they can make it on their own, when the reality is that not all people are good at running a business.
The choice is up to you
The bottom line is this: the opportunity is available to you if you should so choose. Check around in the city you live. There is bound to be something similar to Salon & Spa Galleria in your city. Give them a call and ask to sit down and discuss what they are offering. If you have an established customer list, customers who would be willing to follow you to a new location, and if you have the start-up cash necessary, AND if you are made of the right stuff, then a booth rental really is your key to financial independence.
A word about Salon & Spa Galleria
Twelve locations in the Fort Worth area, locally owned and operated, Salon & Spa Galleria is the name to remember for those who want to shape their own future in the beauty industry.