SALON BUSINESS

Introduction to Salon Business.

Anyone who chooses a career in Cosmetology, Barber, Esthetics and Nail Technology will someday dream of owning their own business as many people do so at a point in their career.

Skin care is an exciting industry that is emotionally gratifying and financially rewarding. It is also fiercely competitive.

In the last two decades the business of skin care has expanded into a variety of new business models that includes salons, spas, fitness facilities, medical aesthetic practices, and wellness centers.

There are countless variations of these themes, but to compete in this new environment one thing is absolutely certain: You need excellent business and financial management skills.

Massage Business Class

After completing this course, you should be able to:

Discuss the risks involved in business ownership.

Explain the importance of drafting a business plan.

Describe several methods that can be used to finance a business.

List the main financial tools used to track business.

Explain why insurance is important to the small business owner.

List the primary methods of compensation in the skin care industry.

Explain the importance of understanding IRS guidelines

Course outline

As taught on the school’s previous online portal (Massage Business Class).

Part 1
- MBC- Introduction
- CALCULATING BUSINESS RISK
- THE BUSINESS PLAN
Part 2
- Financial Components of Your Business Plan
- FINANCIAL PLANNING
- EMPLOYEE COMPENSATION
Part 3
- INDEPENDENT CONTRACTOR & TAX
- EMPLOYEE TAX STATUS
Quiz
- Quiz — Quize For MBC