We spoke with Tabatha Coffey, well-known hairstylist and salon owner, about how salon or beauty business owners can use additional capital to take their businesses to the next level. Access to fast, flexible capital can help your business:
- Replace chairs
- Open a new location
- Hire new stylists or estheticians
- Expand services
- …and more
Go beyond the chair.
If you’re running a great business behind your chair, take the next step as a business owner. Tabatha believes the qualities you have as a stylist are transferable to being a business owner. Don’t let fear hold you back. Take your salon or beauty business beyond the chair.
If you only had the money…
A lot of small business owners wonder, “If only I had the money to…” With convenient access to a line of credit, you can take your business to the next level. When you combine ambition, passion, talent and the right capital, the sky is the limit for your business, says Tabatha.
Know capital the way you know your customers.
You didn’t go into the salon or beauty business for the money; you went in for your passion. However, according to Tabatha, you have to know capital as well as you know your customers. If you want to grow your business to success and keep making customers feel beautiful inside and out, access to flexible funding is key.
Make money…by spending money.
As a small business owner, you have to spend money to make money, especially if you want to grow. While it can be scary to borrow capital, it’s an important step to growing your business. Businesses need to be constantly evolving, says Tabatha, and it’s important to keep up with those changes and challenges.
With access to the right funds, your salon or beauty parlor can grow beyond what you thought was possible.