A manicure done with artificial nails.
Like most small businesses, starting a nail business usually requires a few basic steps. Initial steps typically include obtaining all necessary licenses and permits to operate a legal business, formulating a business plan, obtaining funding for start-up costs, and finding and establishing a location. Once these goals are achieved, you can purchase supplies, equipment, and other necessities. You can then advertise your new nail business and gain clients by networking with others and handing out business cards and other promotional materials. So unless you plan to work alone, you may be ready to recruit and hire employees.
A woman doing her nails.
Regardless of where your nail business will be located, you should contact your area’s small business administration office to find out how to obtain a local business license. In the US, for example, you may need an Employee Identification Number (EIN) from the Internal Revenue Service (IRS) for tax reporting purposes. You may also need a sales tax identification number for your nail business. A comparable revenue department or agency can provide more information about these requirements.
A manicurist applying a paraffin wax treatment to a person.
The next logical step is to create a formal written business plan. In most cases, you should include your upfront and long-term anticipated expenses and submit the plan to the bank if you are applying for a business loan. You should also plan a budgeting strategy to keep track of your income and expenses. You can also include insurance in your plan to protect your nail salon business from potential liabilities.
A bottle of nail polish remover.
When choosing a location for your new nail business, you can rent or lease commercial space; remove it from your home if local regulations allow it; Or you can provide mobile services to save some indirect costs like utilities. After securing a location, you can purchase supplies and equipment. Basic supplies often include nail polish, hand cream, and other manicure products and tools. You’ll also need furniture for your beauty salon, along with a computer and phone. If your budget allows, you can add accessories and a few personal touches like lamps, artwork, or plants to make the room cozy and comfortable.
A person doing a manicure.
Finally, you can advertise your nail business in print and online sources and get listed in local business directories. Handing out business cards or flyers can also help publicize your new business. Once established, you can join your local chamber of commerce or other business organization for networking and referral opportunities. If you plan to hire other people to work on your nail business, you can recruit talented people from a local beauty school.