A Rock-Solid Guide to Starting a Hair Business with A Pitch Deck

Do you have both a passion for hair styling and a dream of starting your own business? But you’re on a budget? Don’t worry, you’re not alone. I’ve helped people create their hair businesses on a budget and become successful entrepreneurs. Today is your lucky day because I will tell you exactly how this happened. In this article, we’ll share some tips on how to start a hair business on a budget. Also, we are coupling that with a solid-rock pitch deck template related to the hair business idea.

So, get ready and excited!

Download The Hair Business Pitch Deck [in Google Slides]

Albusi has developed a downloadable pitch deck with a real content template called Byrogy, a valuable tool for entrepreneurs developing a hair business pitch deck. The template is easy to use and covers all of the essential sections of a pitch deck, such as the market opportunity, UPS, services, financial performance, growth strategy, team, and, of course, the investment ask.

Byrogy is available for download on the Albusi website or through:

Please note that Albusi templates are based on fictional companies. They are only meant to provide you with more realistic content rather than the “lorem ipsum” versions spread on the internet.

How to best use this template?

As a general rule, when you create your pitch deck, it is important to keep it to the point. Remember that investors are busy people who don’t have time to sit or read through a long presentation.

Also, as a best practice, your pitch deck should not be more than 10-15 slides.

I had to sit through 50 pitch decks as a judging committee member in one of the programs I was part of, and I was dying of the experience! I only gave attention to presenters who were able to:

• Start with a strong introduction. Grabbing the investor’s attention is a real deal! You need to make them want to learn more about your hair business.
• Explain the problem that your business solves. What need does your hair business address? Why is this a problem that people are willing to pay to solve? Give your investors firm answers to these!
• Describe your solution. What is your hair business offering? How does it solve the problem that you identified clearly and comprehensively?

Now that you have the template with some tips on using it, I will provide you with some other essential guidelines to get your hair business started.

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How to Start a Hair Business (On A Budget)

As I told you earlier, I have helped a group of passionate women start their own hair businesses. They had little to no experience in how they could run a hair business from scratch. So, I will tell you how this happened through the guidelines below.

1. Get Professional Training

And this will not have to cost you a fortune. I am still talking about carrying out this business on a budget. There are plenty of available courses that could get you ready to learn about the hair business quickly.

If you are on a budget, many affordable options are still available. Look for scholarships or grants to help you pay for your training.

Or, you could take advantage of free or low-cost training programs offered by community colleges or local beauty schools. Even better, you can find an experienced hair stylist willing to apprentice you. Rest assured, there are always ways to make this work.

2. Invest In High-Quality Products and Tools

You don’t need to spend a fortune on products and tools, but you do need to ensure you have the basics. Invest in high-quality hair products to give your clients the best possible results.

A few things to consider here can be to simply:

• Do your research and find reputable brands of hair products and tools.
• Read reviews from other hair stylists and clients.
• Invest in the basics, such as a good pair of shears, a hair dryer, and a curling iron.

And, of course, as your business grows, you can invest in more specialized products and tools.

3. Choose The Best Model For You

Do you want to start a mobile hair business, or do you want to rent a salon space?

Choose whatever is a suitable business model for you. The one that you can be able to manage and maintain.

Mobile hair businesses can be a great way to start on a budget, as you don’t need to invest in a physical location. However, you will need to have a reliable vehicle and a good marketing plan. If you want to rent a salon space, you will need to factor in the cost of rent, utilities, and insurance.

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Side Note Regarding the “On A Budget” Part

I have seen real businesses start small and scale up as they grow. 

So, never let your funding limitations stop you from resuming the hair business you want.

This is wise advice for any business, but it is especially important for hair businesses. Also, starting small allows you to test the waters and see if there is a demand for your hair services. It also allows you to keep your costs down and avoid overextending yourself financially.

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Bottomline – How To Start A Hair Business Summary

Now that you have a good understanding of how to start a hair business, you can begin to plan your own venture. Use the pitch deck template Albusi has provided to help you get started and don’t hesitate to contact us if you have any questions.

If you need help getting your business off the ground, contact us to connect you with our qualified consultants.

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