Essential Tips for Starting Your Lash Business
We tackle the essential information needed for anyone considering opening their own lash business. Reflecting on our journey, we discuss the importance of having the right forms, licenses, and business structures in place. From understanding whether you should be an LLC or an S Corp to the necessity of having a seller's permit, we cover it all.
We emphasize the value of having a CPA who specializes in the beauty industry, as their expertise can save you time and money. We share our experiences with EIN numbers and business licenses, highlighting how important it is to understand these elements even if you're creatively inclined and not a "numbers person."
Another key topic is the significance of separating personal and business finances. We talk about the advantages of having a business checking account and credit card, which can help with organization and credit building. We also touch on the benefits of using platforms like LegalZoom for setting up your business structure.
The discussion moves to practical tips for daily operations, including tracking client information and income, which is crucial for deciding when you're ready to rent a space or hire additional staff. We share personal anecdotes about the importance of having insurance and the reality of dealing with employees and renters.
Additionally, we highlight the importance of online presence and branding. We discuss how platforms like Instagram and Facebook serve as modern portfolios that potential clients will check before booking services. Maintaining a professional online presence can significantly impact your business growth.
Towards the end, we discuss the importance of smart investing in your business, from purchasing supplies wisely to managing overhead costs. We also touch on the emotional aspects of running a business, including dealing with employee turnover and the challenges of maintaining a positive work environment.
Thank you for joining us on this episode of "Not Just Lashes: The Good, Bad, and Ugly." We hope our experiences and tips help you navigate the lash industry with greater confidence. Don't forget to follow, like, and leave a review. Share your own stories or questions with us!
We emphasize the value of having a CPA who specializes in the beauty industry, as their expertise can save you time and money. We share our experiences with EIN numbers and business licenses, highlighting how important it is to understand these elements even if you're creatively inclined and not a "numbers person."
Another key topic is the significance of separating personal and business finances. We talk about the advantages of having a business checking account and credit card, which can help with organization and credit building. We also touch on the benefits of using platforms like LegalZoom for setting up your business structure.
The discussion moves to practical tips for daily operations, including tracking client information and income, which is crucial for deciding when you're ready to rent a space or hire additional staff. We share personal anecdotes about the importance of having insurance and the reality of dealing with employees and renters.
Additionally, we highlight the importance of online presence and branding. We discuss how platforms like Instagram and Facebook serve as modern portfolios that potential clients will check before booking services. Maintaining a professional online presence can significantly impact your business growth.
Towards the end, we discuss the importance of smart investing in your business, from purchasing supplies wisely to managing overhead costs. We also touch on the emotional aspects of running a business, including dealing with employee turnover and the challenges of maintaining a positive work environment.
Thank you for joining us on this episode of "Not Just Lashes: The Good, Bad, and Ugly." We hope our experiences and tips help you navigate the lash industry with greater confidence. Don't forget to follow, like, and leave a review. Share your own stories or questions with us!
