Groom Your Nail Salon Business For Success
Five years ago there were almost 130,000 nail salons in operation in the US. But now there are only just over 56,300. Despite this, revenue in the industry has remained static, with over $9 billion being spent on nail salon services. If your nail salon is still in business, it is likely that your nail salon is earning more money than before. But, does this mean that your nail salon business will survive the next five years?
As a small business owner, you know that a tried-and-tested strategy to business survival is to grow a loyal customer base. Nail salons willing meet customer expectations will always be more popular. In today’s climate this means offering your clients quick access to services. For instance, opportunities for your nail salon business to pull ahead of competitors lie in making it easier for your customers to access your services. For instance:
Only 9% of nail salons use a smartphone booking app. In fact only 16% of nail salons use a computer software program to book client appointments.
Only half of the nail salons in the United States take walk-ins, even though for those who do, the average wait time is less than 15 minutes.
Even though competition is down, growing a robust and profitable business means taking advantage of opportunities like these. But will this be enough to protect your business?
Successful Small Businesses Are Prepared For Things To Go Wrong
Every nail salon has a duty of care. This means that your salon takes reasonable steps to protect your clients, guests and nail technicians from harm. However, despite your best efforts, accidents do happen. You may find yourself facing a claim for compensation. For instance, one of your clients may be allergic to the chemicals used to remove a gel nail or they could develop skin damage due to the UV light used to harden the product.
You may have survived recent turmoil in your industry, but will your nail salon business survive litigation? We’re here to help you to invest in the best nail salon insurance to cover your small business from accidents, loss of income, negligence, theft, property damage and other claims.
Ask Now About Nail Salon Insurance
Small Business Liability recommends small business insurance coverage tailored to your nail salon’s needs. First we assess your nail salon’s insurance coverage needs. Once we have all the information about your small business, we’ll do your insurance shopping, saving you the trouble and time. Get on with your business, and leave this to us!
Contact one of our Small Business Liability consultants for a free quote.
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