Hi there,
Just wanted to quickly message from the point of view of a Salon owner, as most responses have been from mobile and part time evening techs.
I was mobile for six months and it was rubbish, making hardly any money spending all evenings working, people keeping you for longer than you are being paid etc. etc.
I decided enough was enough and due to the lack of employment within the industry locally, l decided to set up my own business.
I am lucky to have been able to do this, but to be honest I have never had to advertise since, which is a massive saving in its own right. Two and a half years later and I have just employed my first member of staff as I can no longer cope on my own. Too many clients and not enough hands! I have over 1000 clients built up on my own and my main advice is to not only ensure your continued education, but also to educate those clients so they brag about both you and your work. Word of mouth is key and the risk of taking on a salon has paid off, it hasnt been easy the hours are quite tough but if you love what you do you wont mind. I made a great profit in my first year which I took as a wage and it has just increased each year with the new clientelle coming in. I have had to employ as i am at a stage where I am turning away more clients than I am actually servicing. But it took a long time to find the right person for the job.
All the very best with your decission, but if your up for a bit of risk I recomend the salon route, and if you havent the spare cash to invest, look for an outside invester, perhaps a rich client you have already.
Good Luck