plan to open hair and beauty salon in Los Angeles

plan to open hair and beauty salon in Los Angeles

I have always desired to start my own business since a young age, and my main focus has been on the beauty industry. With the beauty industry being a billion-dollar industry, I would craft my niche there. My main desire is to sell beauty products for now; however, in the future; I would like to start my cosmetics and hairline. I plan to open hair and beauty salon in Los Angeles. Our many services would be selling beauty products, offering beauty advice to the customers and well as general beauty services such as offering makeup, nail care services, waxing and other kinds of hair removal. We will also offer skincare treatments, facials, tanning, as well as massages.

I also intend to offer hair services such as hair treatment, haircutting, colouring and styling.

Considering that it is a holistic beauty centre, I intend to employ several employees. We shall have several specialists such as makeup artists, massage therapists, beauticians, barbers, hairstylists, shampooist, waxing specialists, receptionist, salon manager amongst others. Since we offer several services and we desire that our business to be a one-stop-shop, we would have at least 20 employees with various designated roles. Since it is a big business and we offer holistic services, I intend to partner with two other people so raise enough finances for this venture. My partners are my brother, who is an accountant working in the banking industry. I am specifically interested in him because he will be helping in managing our finances. The other partner is long-time friend, Jimmy. Jimmy has been in the beauty industry for a while, but he was working for someone. He had always wanted to start his own business; however, he had no finances. When we, therefore, came together with each contributing a third of the capital, the financial part is catered for. Again having my brother, who has a financial background, facilitated the use of finances, not to mention his guidance on loan application. On my part, my saving will cater for 80 percent of my contribution, and I will have to take a bank loan for the remaining portion.

The form of ownership shall be limited liability company LLC. This is a beautiful business structure because we will not assume personal liability for the losses. In LLC, owners do not get taxed as a separate business entity; instead, they are taxed as sole proprietors. That is the business income is passed through the members’ individual income taxes. There are several benefits to LLC. First, there are no ownership restrictions; if we desired to add more members, we can. I believe in future we would want to expand to other locations and therefore having this kind of ownership allows us to incorporate other members along the way. In LLC, there is the ability to utilize the cash method of accounting; this implies that until income is received, it has not been earned.

There is tax flexibility. LLC is regarded as a pass-through entity during taxes. There is no double taxation. Additionally, the owners are not mandated to pay for unemployment insurance taxes. There is also the allocation flexibility. There is no limit on the percentage of ownership. Members can create an agreement with various percentages of profits and losses.

The most advantageous thing about LLC is the limited liability. If members are used, our personal assets such as real estates, bank accounts are protected. We will only lose the money that we put in the business and not our other investments. Lastly, there is freedom in management. We are free to run our business the way we want. We settled on this entity because of the legality of this ownership, should a member decide to opt-out, laws which govern their exit are clearly outlined.

There are several requirements for our business. First, in the beauty sector, we will partner with several cosmetic companies to supply us their beauty products.

The administrative equipment

A POS system and register are vital for making an appointment and registering sales. Phones system, basic office supplies and desk for the manager and the receptionist shall be need. Scheduling software shall be required.

Reception area-

There shall be décor along with comfortable chairs and couches to guarantee that waiting clients have a place to stay.

Retail products shelving

There shall be a shelve that promotes products and are neatly displaced near the reception areas.

Uniforms and workwear. There shall be a designated dress code for all staff. Additionally, protective gears like gloves shall be purchased

Laundry equipment

With the use of several towels, a commercial washer and dryer are needed.

Hair salon equipment and supplies

Salon chairs and mirrors are a primary necessity. They have to be adjustable and comfortable for both the clients and the stylists and barbers.

Other necessities include dryers, supply carts to move supplies around, shampoo bowls. Professional hair styling supplies such as razors, towels, spray bottles, haircutting capes, combs, hand mirrors, styling tools, and colouring equipment as well as hair care products.

Nail salon equipment

Manicure and pedicure products, sterilizing tools, lamp, hand and foot bath, nail drying lamps, nail care products and supplies like clippers, acrylic nails, nail tips and so forth

Other necessities include waxing products, waxing tables, backwash units, massage chairs and massages products. Stools, and magazine racks. There are tan products, lash and brow kits, spray tan machine, tanning products amongst others. These basic necessities and we hope to add others along the way.

We hope to rent a property and partition it into various sections. There shall be massage area, tanning area, salon, makeup section, hair cutting section, reception, backroom for washing and storage area.

Considering that this is an LLC type of business. Several contracts shall be needed. First is the lease of the property. Since we will be renting a property, we will be a leaseholder. There shall be a legally drawn lease contract, and we will hire a professional to do this work for us.

We will also have employment contracts even though we will hire employees on a temporary basis first. There shall be written statement including the terms and conditions of the employment along with expected remuneration and benefits.

The third contract shall be with an insurance company. We will seek to insure our business in its entirety, and therefore the cover shall encompass everything. We shall seek warranties in all our equipment as well as products. We shall also have a contract phone system contract along with the internet.

There shall be contract outlining our terms and conditions with the following clauses

Definitions and interpretation.

salon rules

Appointment

Eligibility for treatment

Regulations, complaints, waivers

Eligibility for treatment

Severance

These contracts shall have special clauses. In the employment contract, there shall be non-disclosure agreement where our employments shall never reveal any information about our businesses to our competitors or anyone. This is meant to protect our business. Additionally, there shall be clauses on termination of employment. If a worker fails to meet our expectations and their contract is ended immaturely. Restrictive clauses shall be present to protect our businesses. This restricts our former employees from using key information like customer details, a business strategy in their next employment.

Additionally, it shall safeguard our business by restricting former employees from competing with our business for a particular time. Our restrictive contract shall be clearly outlined in the scope of geographical area, type of information to be protected and the period imposed on post-employment limitations. This shall be tailored to senior employees like managers because they quickly access sensitive information. Non-solicitation covenants shall require that our former employees do not give or solicit advice to our clients. Some clauses govern a termination of employment.

LLC regulations mandate a distinctive business name. Additionally, LCC should file articles of incorporation explaining the number of owners and how the company shall operate. There ought to be registered street address which the state government can communicate to us. We are also mandated to obtain an employer identification number since we are hiring employees. There must be proper licencing and inspections which include building code compliance and health inspection certificates which are hung where clients can see. Workers such as cosmetologists ought to have licenses. Sanitation and hazardous chemicals compliance -Considering the sensitivity of tools sued in the talent, proper hygiene must be observed. It must have first aid kits. Workers and employees should have washrooms which are clean and functional. Protective gears must be given to employees. Chemical storage and disposal must meet the safety and health regulations. A majority of the products used in the salons are hazardous and flammable, the law, therefore, requires caution in handling, storage and disposal. Any blood contamination must be disposed of in a clinical waste container.

The labour laws must be adhered to and displayed. This is to ensure that workers know their rights and this include

• Equal Employment Opportunity
• Family & Medical Leave Act
• Federal Minimum Wage
• Occupational Safety & Health Act
• Notice to Workers with Disabilities
• Uniformed Services Employment and Reemployment Rights Act
• Job Safety & Health Protection
• Employee Polygraph Protection Act

State laws also mandate that workers know how to style, cut hair to protect customers. Massage therapists must have valid licenses. Sanitation: health and safety staff and customers is paramount. Sanitation standards must be observed, such as disinfection of the reusable tools, equipment as well as washing hands between clients.

The salon should comply with the rules of the Occupational Safety and Health Administration (OSHA) to safeguard both the clients and employees. (OSHA) Mandate that stylists read labels for every product they plan to use. The salon must be properly ventilated. OSHA as well requires that employers keep detailed records. They ought to document any injuries that take place between customers or employees. All details of the accident, such as a person’s state, death, or medical treatment, must be noted. Any tests done, such as air tests, must be documented as well.

Positive business practices

We intend to comply with safety and health standards. This shall not only safeguard our customers and employees buts also the environment. Additionally, we seek to use eco-friendly products. We intend to lead with integrity by using legit products and giving our clients value for their money. We shall avoid shortcuts of using cheap and unhealthy products. We shall work toward forming an inspired culture which emphasis on diversity and inclusion. We shall employ people of all ethnicity as long as they are required to reflect our mission and goal.

additionally we shall seek to nurture young talents by offering opportunities to apprentices to upcoming stylings and beautician, makeup artists. We will try to bring the best out of all the employees but providing a conducive work environment as well as giving them rewards for excellent work. We shall engage in an annual seminar to teach the community about the beauty products, its use, and the dangers of using counterfeit products. This is to help the community mitigate harms and possible dangers and injuries caused by unlicensed beauticians and illegal products. As previously stated, we shall source our products locally so that we can support our local suppliers and manufacturers. We shall seek good neighbourliness by collaborating with neighbouring and complying with state regulations on noise pollution, disposal of products and keeping hygiene at all times. Having these affirmative business practices shall encourage enhanced business outcomes. They help in improving trustworthiness and credibility to attract more clientele as well as retain them along with investors and employees. It also helps in building trust in business and forging a strong relationship between vendors, suppliers and those who are dedicated to being a part of the business.