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Old 08-01-2001, 08:43 PM   #1 (permalink)
 
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I am very interested in starting my own salon, but have lots of questions. Is there somewhere on the web that I can go to to find out things like potential income, expenses, etc? Also, is leasing better than buying?
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Old 08-02-2001, 08:39 AM   #2 (permalink)
 
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There is a ton of information here, but I do not know where specifically to tell you to look. Sorry about that. With regards to the buy or lease question, in my situation it was better to buy than lease. I was fortunate enough to be able to margin an existing personal account and buy the beds. The interest rate that I have on my margin is CONSIDERABLY less than the one offer though the bank via small business loan or from a bed leasing company. Since the lease on tanning beds are not like the ones on a car - at the end of the lease you do not have the option to trade your bed in for a newer model - you own the darn thing. I wasn't going to pay 35% more for my beds due to high interest rates.I encourage you to look at all your options (small business loans, margins, leasing, etc) and discuss them with an accountant.Good luckShelly
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Old 08-02-2001, 09:21 AM   #3 (permalink)
 
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You can go to the search link at the top of the page and find about anything you neeed.I think it will take you back to a year of different topics. Hey guys correct me if I am wrong.
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