Are you an Entrepreneur ? please help..!?

Question

okay.. id like to start my own business (spa particulary)
can u give me some tips on making this business extremely sucessfull and what kind of courses should i take (hs or college- dont include spa type courses) just any information i should know like where to get money from and how much to borrow.. please let me know how ur business became successful!

Answer 1

You really need to check out your local community college or chamber of commerce to find a small business organization that can offer help.

You need a business plan before you can attempt to find money for your business. No banking institution is going to loan you money on an "idea."

You need to do market research. Do you know how many appointments a month spas do? How many "no shows?" What will your expenses be? What type of building and equipment will you require? Don't forget about insurance, including workers comp.

You will need an accountant to keep your books unless you are planning to get a four year degree in accounting before you open.

You need to know the licensing requirements for your state and county ordinances.

I would suggest you sit down and have a good long talk with yourself on just how many hours a day you are prepared to devote to your business.... It will require 24/7 at the beginning.

Stats show that 9 out of 10 new businesses fail in the first 6 months. If you do not want to be one of these statistics, heed my advice here and get the right help to get started...

I spent 6 months "ramping" up for my business before I even passed out a single business card!

Answer 2

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* Spa Business Strategies: A Plan for Success by Janet M. D'Angelo
* SalonOvations' Day Spa Operations (S Business Series) by Erica Miller
* Start Your Own Hair Salon and Day Spa by Eileen Figure Sandlin
* 101 Media and Marketing Tips for Salon Owners, Stylists and Managers by Nanette Miner

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 3

Yes I am an entrepreneur. I worked on a Spa business plan before as well. You need to be able to answer all those questions and more yourself, or eventually so. There are plenty of beauty courses available, but that's invariably different from "how to start a successful business" or even "how to run a successful spa". At least you've made a good step by surveying some people about your idea, and having the willingness to ask questions!

Answer 4

To be successful in business, there are a few things you'll need:

1. Ability to think clearly, reason, and communicate: take classes in speech, logic, english composition

2. Understanding people: take psychology

3. Understanding your product: this is where "spa-type courses" come in. Not sure where you'll get that. Perhaps just find books at library or search the internet.

4. Understanding finance: Take basic business courses first, then follow up with Finance and Accounting courses at the university.

5. Understanding marketing: Gotta know how to price your product, how to advertise or promote it, and how to figure out what your buyers want. Take Marketing classes in college, but much of this comes from experience. Be prepared to learn while you're in business too.

Answer 5

Never borrow money to start a business. Period. When you borrow money, you assume PERSONAL debt, that is, no matter what happens with the business, you are liable for the debt.

86% of businesses fail. That means that the chances are that you will fail. If you approach it with this in mind, you will assume less risk. If you can't afford to pay it back without the business, you can't afford to borrow it.

As for courses, take accounting classes. Never rely on someone else to tell you how your business is doing. Even if you don't keep your own books, you need to understand how it's done and what the numbers mean.

How did I become successful? I haven't started yet. I have been acquiring equipment and studying, while paying cash for everything. I paid cash for this computer, a few pieces of equipment, joined a message board related to my business, and am studying what others are doing. When I start, I will have no payments to tie up capital. Profit will be profit, not payments. Patience is the greatest attribute that you can attain. GROW your business, don't try to compete with people who have been doing it for twenty years.

Answer 6

first off go to people in your community that do what you want to do... in this case that own spas.. so go to some spas and ask to talk to the manager and say that you are conducting an informational interview on being a spa owner.... Offer to buy them food if they hesistate... Most of them will be very open to talking to you. Have specific questions that you want to ask, as well as just listen to their story...

The other thing is to go to your local (state) SBA office you should be able to find it at sba.gov they have funds allocated to offer classes on opening businesses, some of them online, some are seminars. Another great place is to stop by a chamber of commerce meeting and see if any one is open to being a mentor.

Another you can do to get some of the answers that you need and start out on the right foot is detailed in my 360 blog "Protect and Grow Your Business"

Get luck and good job on taking some steps in the right direction

Answer 7

I am very successful in what I have undertaken in my life.
I started out finishing high school and going to university for one year, but was not for me.
grabbed a trade apprenticehship fo four years and decided to buy a house, so from there i bought another house and so forth now I have 12 houses all over australia. I follow a philosophy called poor father, rich father
Poor Father :

avoids or fears investing
gets advice from family or friends
works harder
buys things that loose dollars

Rich Father:

understands he must invest
gets advice from experts and specialists
works smarter
buys things that make dollars.


the answer is you have to take risks not avoid risks

hope I could be of some help to you

Answer 8

go to college become a business major theyll teach you everything...also if youre opening a business and female the govt will practically give you all the money you need to open up a place but you cant just go in there asking for money you have to put a presentation together