Business start up grand

Mimim_2

Savvy_Sue said:

Mimim_2 said:
I probably would like to start somewhere stationary.

I would recommend thinking very hard about ALL the costs involved with renting premises:

• You say you've found somewhere to rent - is it an existing salon? If not, will you need 'change of use' planning permission?
• Fitting out - if not currently a hairdressers there may be quite a bit to do, even if it IS a hairdressers does it have safe equipment already?
• Insurance
• Cost of having lease checked by a solicitor experienced in commercial property (and don't say you can't afford it, you seriously CANNOT afford NOT to do this, and a good one will be worth their weight in gold!)
• Utilities: water will be metered, and you WILL have to pay for your rubbish to be collected
• Actual rent

And remember, most of these costs will be payable month after month, regardless of whether or not your business takes off. And if you're working alone, how will you cover sickness (yours or the children) and school holidays? 

You say insuring your car for business was expensive, but how hard did you shop around? However much it was, it will be far far less than renting premises (although you'll still need insurance!)

Thank you very much! 
Your comment brings bright light, it's definitely something that I have to think carefully. 
This place is already converted to a salon and yes insurance is the first thing I will be looking for. 

motorguy

Mimim_2 said:

Savvy_Sue said:

Mimim_2 said:
I probably would like to start somewhere stationary.

I would recommend thinking very hard about ALL the costs involved with renting premises:

• You say you've found somewhere to rent - is it an existing salon? If not, will you need 'change of use' planning permission?
• Fitting out - if not currently a hairdressers there may be quite a bit to do, even if it IS a hairdressers does it have safe equipment already?
• Insurance
• Cost of having lease checked by a solicitor experienced in commercial property (and don't say you can't afford it, you seriously CANNOT afford NOT to do this, and a good one will be worth their weight in gold!)
• Utilities: water will be metered, and you WILL have to pay for your rubbish to be collected
• Actual rent

And remember, most of these costs will be payable month after month, regardless of whether or not your business takes off. And if you're working alone, how will you cover sickness (yours or the children) and school holidays? 

You say insuring your car for business was expensive, but how hard did you shop around? However much it was, it will be far far less than renting premises (although you'll still need insurance!)

Thank you very much! 
Your comment brings bright light, it's definitely something that I have to think carefully. 
This place is already converted to a salon and yes insurance is the first thing I will be looking for. 

What about hiring a chair in a salon?

That way you're building up experience, you're still technically self employed and you may well be able to avail of their stock and simply pay them for them as you use them?

I think a bricks and mortar business is very risky currently, particularly when you dont have any money, a big client base and much experience yet.

The two barbers i know who opened premises did their time and due diligence either doing home visits or hiring a chair and saving like crazy over a number of years.  Both then opened their own premises with the money saved.  Granted, they both did significant conversion work on the premises they rented but both said they needed in excess of £20,000 to get up and running.  

As per the above things to consider are 
* Rent deposit
* Rent
* Business Rates
* Insurance
* Any costs to meet current health and safety
* Costs of any branding of the unit
* Materials (as you've already mentioned)
* Electric 

If you're not planning on doing any conversion work but running with whats there, then you might get away with £5,000 to £10,000.

Mimim_2

motorguy said:

Mimim_2 said:

Savvy_Sue said:

Mimim_2 said:
I probably would like to start somewhere stationary.

I would recommend thinking very hard about ALL the costs involved with renting premises:

• You say you've found somewhere to rent - is it an existing salon? If not, will you need 'change of use' planning permission?
• Fitting out - if not currently a hairdressers there may be quite a bit to do, even if it IS a hairdressers does it have safe equipment already?
• Insurance
• Cost of having lease checked by a solicitor experienced in commercial property (and don't say you can't afford it, you seriously CANNOT afford NOT to do this, and a good one will be worth their weight in gold!)
• Utilities: water will be metered, and you WILL have to pay for your rubbish to be collected
• Actual rent

And remember, most of these costs will be payable month after month, regardless of whether or not your business takes off. And if you're working alone, how will you cover sickness (yours or the children) and school holidays? 

You say insuring your car for business was expensive, but how hard did you shop around? However much it was, it will be far far less than renting premises (although you'll still need insurance!)

Thank you very much! 
Your comment brings bright light, it's definitely something that I have to think carefully. 
This place is already converted to a salon and yes insurance is the first thing I will be looking for. 

What about hiring a chair in a salon?

That way you're building up experience, you're still technically self employed and you may well be able to avail of their stock and simply pay them for them as you use them?

I think a bricks and mortar business is very risky currently, particularly when you dont have any money, a big client base and much experience yet.

The two barbers i know who opened premises did their time and due diligence either doing home visits or hiring a chair and saving like crazy over a number of years.  Both then opened their own premises with the money saved.  Granted, they both did significant conversion work on the premises they rented but both said they needed in excess of £20,000 to get up and running.  

As per the above things to consider are 
* Rent deposit
* Rent
* Business Rates
* Insurance
* Any costs to meet current health and safety
* Costs of any branding of the unit
* Materials (as you've already mentioned)
* Electric 

If you're not planning on doing any conversion work but running with whats there, then you might get away with £5,000 to £10,000.

Thank you very much for your advice! 
Thank you for your time 😊
Take care 

BrassicWoman

I too would rent a chair and save like mad; then your own premises, and rent chairs to others. Or, do more mobile work; a decent nuursing home contract can keep you ticking over while you build a base.