The beauty/skin care/nail salon industry is projected to have revenues of 11 Billion dollars by 2018. That is an astounding figure, but not a surprise once you consider how image-based our society has become. So in other words, beauty is money.
Entrepreneurs have been opening beauty salons, luxury spas and especially nail salons consistently for years, with no signs of that trend slowing down. One BIG trend that drives today’s nail salon industry is the desire to be pampered. When life is busy and stressful, people are always looking for ways to relax and luckily, salons nationwide are reaping the benefits. The opportunity to operate your own business has never been better.
However, often economic downturns can cause ripples in your cash flow, along with trend shifts or fluctuating seasonal volume. These factors can affect your ability to run your business smoothly.
So when times get tight, business owners may look for ways to refresh their operating capital.