Overview of Wig and Hair Saloon Business in Nigeria

There is something certain in this life, everybody wishes to look great. When people look in the mirror, it is due to the fact that they wish to check out how they look and obviously, they would desire the picture in the mirror to be appealing. Women are ready to go the extra miles simply to look appealing in the eyes of men as well as to compete with their other women and make them jealous. The hair is just one of the significant components of the body that can either bring out one's beauty or hide it; thus, a great deal of women is very certain regarding what hairdo they make and how well it is made. This is where the hair salon business comes in. When you wish to list out businesses that generate instantaneous profits every day, you will need to mention hair salon business. This business sees customers trooping in morning, afternoon as well as evening depending on how good the hair stylist is. A hair salon business might be a really profitable business since fashion is a continuous process however that is if you understand the best ways to work your onions. It is one business that generates money every day.

Potentials of Wig and Hair Saloon Business in Nigeria

There are a lot of reasons the wigs and hair saloon business are lucrative in Nigeria. The first reason why the business is profitable is due to the high demand for its services. Nigerian ladies, women and girls like looking gorgeous. Because of this, they spend money to make their hair. They might either plait it, fix attachments or just purchase wigs to wear to look great.

The major benefit of this business over many various other businesses is that it can be started anywhere, be it in your living-room, at the corner of your room or a small rented space. Hair salon is very easy to begin however it is really important that you make some research simply to assist you in ensuring the hair salon does not fail in a few years.

How to Start Wigs and Hair Saloon Business in Nigeria

The followings are the steps to starting wigs and hair salon business in Nigeria;

Learn Hair Making

This is the very first step on how you can begin a hair salon business in Nigeria. Hair salon business is a handwork. Except you are most likely to employ a worker(s) that will make hair for your clients you have to discover ways to make hair. Learning to make all kinds of hair is essential to ensure that your clients will not have any need to leave your shop to another hair salon.

Write a Hair Salon Business Plan

The second step to starting a lucrative hair salon business in Nigeria is to write a hair salon business plan. This is extremely important particularly if you are investing huge capital into the business. If you are not investing a substantial capital into the business, you can simply do the market survey for the business particularly in the location you wish to begin your hair salon business.

Get Required Capital

Depending on the area you wish to begin your hair salon business you will require substantial capital particularly for the shop rent and the hair salon devices. You have to ensure you have sufficient cash to begin the business before you enter into the business to ensure that you do not get stuck midway. In the meantime, if you do not have all the capital required you can render home services initially till you have saved for the capital required. The capital needed to begin a hair salon business varies from #500,000 - #1,000,000.

4. Buy Hair Salon Tools

Hair salon tools varies for original to fake, expensive to cheap and new to Tokunbo. The type of hair salon devices you purchase for your hair salon business depends on the resources you have at hand. Lots of people that enter into the business purchase Tokunbo devices rather than new ones. Nevertheless, it depends on you. When it comes to the generating set, you have to purchase a generator that can work with your hair dryer and various other essential electronic devices in your shop.

Rent Shop for Hair Salon

When it comes to renting a shop for your hair salon business in Nigeria there are couple of things you have to consider. You have to take into consideration the size of your hair salon shop. You do not want a place where your clients cannot conveniently stay. You likewise need the shop to be able to show various other things you wish to market to clients like wigs, attachments and more. You have to think about the location of your shop. You do not wish to rent a shop in a hidden place - a location clients cannot quickly find you. You ought to think about looking for available shops at bus stops, roundabouts, junctions and major streets.

Furnish Hair Salon Shop

After getting the shop you have to furnish it with all the tools you purchased. You will likewise require bright bulbs to illuminate the shop particularly in the evening. The electrician will help you to correctly set up all electronic devices in the shop while a furniture will help you install all furniture in the shop.

Start Hairdressing Business

You can begin your business instantly if you are done furnishing your hair salon shop. You do not have to wait for an ideal time before starting. To get your first set of clients, you can just invite your friends and family to come make their hair in your salon. If you do a great job with their hair, they will refer you to their friends free of charge. You can likewise inform your church members about your hair salon business. And assure them a discount when they come to make their hair.

Overview and Features of the Excel Template

The excel template comes with a powerful presentation and a thorough financial analysis and model for succeeding in this business venture. The template will enhance your chances of getting grants, attract investors and bank loans.

Inside this template, you will get:

1. 3 years Income Statement.
2. 3 Years Financial Position
3. Cash flow Statements
4. Trial Balance and Account Charts.
5. Automated Macros to make the template faster, user friendly and accurate with little or no manual input.
6. 24/7 Support from our team of financial experts and analysts.