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Is it Better to Buy?

September 14, 2013

"After a business has survived three to six years and is stable, commercial property ownership is a natural next step with benefits that new entrepreneurs often overlook. Ownership is a path to more stability and longterm wealth, and the government program administered by the Small Business Administration — SBA 504 — offers long-term financing at below-market fixed rates. 

— Chris Hurn, author of The Entrepreneur’s Secret to Creating Wealth: How the Smartest Business Owners Build Their Fortunes (www.TheEntrepreneursSecretBook.com).

More FAQ

What is the best way to handle no-shows?

I had two no-shows today and I don't know what I'm doing wrong. I always call to confirm in advance. What's the best way to handle them? Sincerely, Left in the Lurch... read more

How do I approach our employees about staying in the salon when it's not busy?

Dear Shari, With business down, there are more gaps in the salon's appointment book. How do I approach our employees about staying in the salon when it's not busy? Sincerely, Tired of Being Alone... read more

How do I avoid raising prices in this economy when my product costs are increasing?

Dear Shari, My product costs have gone up but I can't raise my prices in this economy. What do you suggest? Sincerely, Stuck... read more

How do I know if a salon is right for me?

Dear Shari, I am just out of school and I'm starting to look for work. I don't really know if I'm ready to go out on my own as a booth renter. How do I know if a salon is right for me? Sincerely, Searching for a Home... read more

Reader to Reader: In what ways will you run your business differently next year?

Online appointments have really exploded and my clients love it, so next year I will get a better online system to allow my clients to move their appointments and see their history.... read more

Reader to Reader: Why did you choose to work in the salon you’re in now versus other salons?

Why did you choose to work in the salon you’re in now versus other salons?... read more

Reader to Reader: What’s the best way to find a new job in the beauty industry?

What’s the best way to find a new job in the beauty industry?... read more

Reader to Reader: What issue scares or concerns you the most about the future of the nail industry?

What issue scares or concerns you  the most about the future of the nail industry?... read more

If you were suddenly given a day off how would you spend it?

Sunning, shopping, sleeping in — how would you spend an unexpected day off? NAILS asked readers: If you were suddenly given a day off, how would you spend it? Turns out a surprising number of you would spend the day working on your nail business.... read more

Reader to Reader: When did you realize you wanted to be a nail tech?

When did you realize you wanted to be a nail tech?... read more

Reader to Reader:To what extent should you guarantee your work?

To what extent should you guarantee your work?... read more

Should business owners tell all to staff?

Transparency is a buzzword in politics these days, and the notion of increased openness, two-way communication, and accountability is taking hold in the business world as well. Salon owners are among the business owners who are opening up their books and sharing sensitive financial information with staff . We asked salon owners and technicians: How much financial information should a salon owner share with her staff ?  ... read more