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Finance your start-up salon

Ever dreamed of opening your own salon but finances are getting in the way? Saving for a deposit can be tricky but taking the leap can be even harder. You may be wondering ‘When is the right time?’ The answer is, there will probably never be a right time. You must do it when you’re ready. Do your research, attend trade shows and speak to likeminded people. Learn from the experience of others and when it’s time to put the money behind it, take a look at our top four tips to help you finance your start-up salon:

  1. Personal savings – If you know this is what you have wanted for a long time you might have already saved a lump sum, which could help put a deposit down.
  2. Family and friends – You may feel more comfortable lending money from those close to you. This can be easier than having to go through the credit checks, however you may feel more pressure to pay the money back sooner.
  3. Start-up loans – The government has a scheme where you can borrow up to £25,000 at 6% interest. There are many calculators online which can give you an indication of how much you will be paying back under your chosen time frame.
  4. Grants – You can go to your Local Enterprise Partnership to get a business grant, their aim to help the growth of a business. They may be difficult and a long process to get this however you don’t have to pay a penny back! So, it could be worth the time. You can find your local LEP here: https://www.lepnetwork.net/about-leps/location-map/

While the prospect of borrowing money can be daunting, knowledge is power. If you would like to find out more about the different options available you can visit: https://www.gov.uk/business-finance-support?types_of_support%5B%5D=grant

Once you’re set up, don’t forget to invest in a software solution to enhance your customer journey. Salon by Premier Software helps you maximise profitability, manage day-to-day operations and highlight areas of growth. Plus you can spread the cost of a licence thanks to Premier’s leasing options. Email: [email protected] to find out how Salon could help you today!

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    On 9th August, Premier Software part of Journey Hospitality will be closed.

    Our team will be off-site to help enhance our software and bring you an even greater level of service.

    Technical support for business-critical incidents will be available on the day to those with a relevant Premier Support contract at: [email protected], or: 0800 988 2824 (UK), 1 800 932 074 (ROI) or +44 1543 466 580 (International).

    Thank you for your understanding and we look forward to sharing the results of our training.

    Late opening - Friday 23rd June 2023

    On Friday 23rd June, Premier Software part of Journey Hospitality will open later than usual. This is due to an internal company update.

    Business critical support will continue to be available between the hours of 8:30 a.m. to 9:00 a.m. and from 10:00 a.m. to 8:30 p.m. to those with an applicable Premier support contract via the details, below. We thank you for your understanding and apologise for any inconvenience this may cause.

    Email: [email protected] or phone: (UK) 0800 9882824 / (ROI) 1800 932074

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