Owning the business (as opposed to being an employee or renting a booth in another salon) gives you control over the direction of the business, responsibility for the employees or contractors, and the ability to increase your personal wealth. The downside is that you own all the risk -- financial and otherwise. With good planning, you can manage most of the risks of owning a business.If you are thinking of owning your own branded salon vs. owning a franchised salon, the freedom to manage the business your way and the freedom from franchise fees, mandated pricing, and other franchise limitations generally makes the better choice to own your own salon (all other things being equal, such as startup capital).
typical selp-employed answers apply here. 26 yrs experienceCustomers ? Liability ? Proper Permits Licenses, Rent Overhead etc. Headache.GOOD LUCK
