Capital for soon start up

[Kim McKenzie Smith]

Hello! I want to open my own soon and I wondered how those of you with one went about gaining funds to do this? Did you save up? Approach family/friends? Go into partnership with a friend or fellow therapist? Or did you approach the bank?

Thanks so much!

 

[Waxon]

Just through a personal loan, savings and a credit card. I started my salon with next to nothing, it's no where were i wish it was, signage, decoration etc but you can only do so much at the start. No point wasting money on pretty chairs if you can't afford to pay your bills.

 

[squidgernetball]

I grew mine very slowly, initially working from home, then renting a room and now renting a whole barn and sub letting part of the premises.

Because I had a steady client base, I saved and bought a bit, saved and bought a bit so I had all my products, machines, trolleys and couches. When I had the floor put down I paid it out of my business but when I had the dividing walls etc put in, I got an overdraft facility to pay for it. I did it on a budget and did a lot of the work myself. It was a really hard slog but the salon looks fab although we're still not finished.

Having a steady clientele has helped as I have had steady money coming in. We're now more or less where we want to be but money is still incredibly tight.

Good luck with it all

Vic x