For the life of me, I never knew I could follow 86 pages on a topic and another 27 on a related topic.

Guys, I'm talking about the epic topics created by HardMirror and TissuePaper. The learning continues here: How are you managing your Business?

I started a hair extension/ Hair and Beauty shop in May 2018

So far:
1. I save money but I've hardly kept my cash reserves for more than 3 months. This is because the business is still growing and in order to grow my inventory I 'reinvest everything into the business.

2. I currently have two (2) hair stylists working for me but I plan on letting go of one this January. Two reasons: The salon isn't raking enough cash to foot the bills of the two employees just yet and I myself have learnt to fix hair and make wigs.

3. Since the business is 8 months old, I have stopped my equity investment in it. I plan on using the business funds to grow it to the point where I can count my first million. (hehehe)

Retail gurus in the house and all those who may have ventured into the hair extension business, I sincerely need the best advice you can give me.

Kindly comment on how you manage your business. You could be the big break someone needs here.

May I know your start up costs for this businesses?
Is it an upscale salon or a regular salon?

iamadonis2:
For the life of me, I never knew I could follow 86 pages on a topic and another 27 on a related topic.

Guys, I'm talking about the epic topics created by HardMirror and TissuePaper. The learning continues here: How are you managing your Business?

I started a hair extension/ Hair and Beauty shop in May 2018

So far:
1. I save money but I've hardly kept my cash reserves for more than 3 months. This is because the business is still growing and in order to grow my inventory I 'reinvest everything into the business.

2. I currently have two (2) hair stylists working for me but I plan on letting go of one this January. Two reasons: The salon isn't raking enough cash to foot the bills of the two employees just yet and I myself have learnt to fix hair and make wigs.

3. Since the business is 8 months old, I have stopped my equity investment in it. I plan on using the business funds to grow it to the point where I can count my first million. (hehehe)

Retail gurus in the house and all those who may have ventured into the hair extension business, I sincerely need the best advice you can give me.

Kindly comment on how you manage your business. You could be the big break someone needs here.