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struggling Business

I have a really nice hair Salon, but due to the recession like other business is slow. I have a large clientele base but even with offers business is slow. and not much budget for advertizing. plus I need more talented stylists, I interview lots of stylists but the knowledge is not always there. it is a good location . need advice.

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Answers (6)
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Franchise Advisory Group

Lynda, You may want to consider rebranding your business to a Franchise. I have several Franchises that are looking for rebranding existing salons. Here is where the advantage might be. 1) Name recognition, 2) Some of these will train your stylists and they do it on going 3) It may be easier to sell 4) they will help with marketing ideas, support. Call me and let's discuss: 888-241-6629

Apr 5, 2009
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Otis Enterprises Ltd.

I'm not sure what your question is Lynda. If you are asking if this is a good time to sell we may need more information. Making a decision to sell is dependent on a number of factors. If you are interested in meeting to discuss the details of your situation, we'd be happy to do that.

David Eggenberger
Otis Enterprises

Apr 3, 2009
To Be Provided
Loan Officer / Investor
Hennepin County, MN

contact me if you want, I could invest or buy you out

Apr 2, 2009
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Clark County, NV

Advertising and marketing in slow economic times takes thoughful creativity. I once bought a pizza restaurant that was $250K in debt in a week economy. There was no money to advertise. The local high school was a half mile away. I printed 10K business size cards good for a free mini cheese pizza (6"), 25 cents per topping, not good on take out. The teachers used the cards as incentives for grades, attendance, ect. passing them out to the students. Business took off. Cost $10.

Apr 2, 2009
K Larsen
Albany County, NY

I'm sorry, I read your question wrong. I am also sorry to hear that the hard times have hit you too. The only advice I have is to try to get as many outside, objective opinions about your services as you can. If you are truly providing good service and have a good location, salons usually survive quite well through referrals. without the capital to lower prices, advertise, or otherwise just hang in there, it can be very difficult. i can imagine that salon hair cuts are one of the 'luxuries' that people are giving up right now. good luck.

Apr 2, 2009
K Larsen
Albany County, NY

What specifically is your question? Are you asking if your salon is in the right location? If so, what is the location? (Not that I'd be able to answer your question even if I knew.)

Apr 2, 2009