A broken capital chain is a major factor in the failure of hair extension stores. Funding is absolutely vital for a new hair extensions company. Therefore, it is important to make a detailed financial checklist before starting a hair extension business.

What size business you plan to run and what you expect from your hair business determines how much money you invest. For example, running a store from home will cost you less than renting a store. A simple renovation is less expensive than a luxurious one. It is essential to make your spending plan.

The detailed cost list is for reference only：

Fees for registering a business

Legal fees for business licenses, permits, and accounting services

Fees for starting a website

Fees for renting a store

Cost of renovating a store

Marketing expenses

Insurance costs

Cost of hiring employees

There is also the cost of receiving the stock of hair extensions. With inventory, customers can see the colors and try them on. Only then will they buy. If your store is stocked with various types of hair extensions and is centrally located, you can attract customers cum sales, which will guarantee an increase in revenue for your business.

Before preparing your inventory, talk to your suppliers in detail and ask about hot products, sizes and colors. The most important thing is to keep the inventory flowing so that you can have better sales and revenue.