How to Become a Successful Beauty Supply Store Owner

Book excerpt: Operating a retail store goes beyond simply hoping a customer walks through your door. Billions of money is the retail industry is made outside of "hopes." Money is made by being deliberate, not wishful. With the increase in competition and fickle customer demand, beauty supply owners must have a much clearer understanding of how the supply chain works. One beauty supply can easily generate hundreds of thousands of dollars per year. It is one of the greatest ways to establish wealth, even without formal education. However, the knowledge of retail operations is imperative if an owner expects to last for years, open additional locations, or hand the business over to a younger generation. Understanding retail means you understand profit margins and selecting the appropriate pricing objective for your market while being able to sustain unexpected expenses yet still produce profits. It means you understand that it takes commitment, and that a distributor is not someone who house their inventory in a van that solicits and delivers products. It means you understand that a successful retail operation isn't simply placing items on a shelf with an orange price tag on it. It means more "understanding" if you expect to make the most money at retailing. It is not simple, yet not complicated. This book is written by beauty retailing expert, retail management professor, and 3-time beauty store owner. This book offers straight and relevant information that is free from generalization and ambiguity. It is easy to understand with direct and up to date information that can be applied by any aspiring store owner located anywhere.