Opening a salon...bust my chops! - Page 4

timeout888 · 09-20-2004, 04:02 PM

I used Ergo's break- even, I'm doing better than what the spreadsheet said. I'm 25 and wished I opened when I was 18, instead of college. If you're worried about getting money, get a lease, the money is fairly easy to get assuming you have descent credit.

trusno1 · 09-20-2004, 04:34 PM

We have many assets also and that's what we had to use to get a loan. No bank would do a business loan, but after being here 5.75 years, they all come around wanting us to bank with them. Too bad for them they we have a long memory.

Neon Beach · 09-20-2004, 07:10 PM

Quote:
On 2004-09-19 02:12:00, PipelineTanningCo wrote:
Oh I forgot to mention...I'm only 18

You're age will also be a problem IMO, unless you have a co-signer. Also, don't put to much faith in breakeven analysis', they always look good on paper and are based, unfortunately on a lot of "ifs".

PipelineTanningCo · 09-20-2004, 07:14 PM

I'll be using the same bank my dad has been using for many, many years, and he will be cosigning. Besides owning a glass company, he is also a contractor, so many large loans have been taken out to build $200,000+ houses....plus Im saving a ton on remodeling!

Neon Beach · 09-20-2004, 07:20 PM

No offence, but what we have here is a 90210 child. In essence it will be your dads salon. Well I will admit, that things are a lot easier when you have money.

DWhite6872 · 09-20-2004, 07:29 PM

I have two leases with banks one is Sky Bank and National City both for start up leases, we have been in business less than a year.
Pipeline, I think you are getting a reaction from some of the veteran salon owners is you seem to always ask a question when you already "know the answer". It would probably would go better if you would ask a question when you truly wanted someone's opionion.

The first rule in sales you will learn over the years is you must listen first.

Neon Beach · 09-20-2004, 07:34 PM

You maybe right right on target with that comment DWhite6872,
it's seems to be more bragging so far, than enquiring. Congratulations though pipeline, you were born into the right family.

West Side Tanner · 09-20-2004, 07:39 PM

PipelineTanningCo · 09-21-2004, 12:43 AM

Um, sorry? I guess I'll just get into some other industry because I have the money to do a salon the way I want....my bad, what I was thinking?

Directions. Read post, add 100% sarcasm. Repeat if desired. Avoid contact with your whiney, negative asses.

EGGBOOTS · 09-21-2004, 02:54 AM

Sure sounds like somebody needs a nap!! All in fun Pipeline,I'm sure.

It's not your fault you have money. I don't, but am still going to open an upscale salon (mostly on equity, partly on leasing equipment, and a little on personal savings) with, if everything goes as planned, all Sontegra beds. Good luck, and keep your standards high.

09-20-2004, 07:39 PM	#38 (permalink)
West Side Tanner Join Date: Dec 27 2003 Location: Florida Posts: 2,548 Rep Power: 5	$$$

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09-20-2004, 04:02 PM	#31 (permalink)
timeout888 Join Date: Jan 26 2004 Age: 29 Posts: 490 Rep Power: 5	I used Ergo's break- even, I'm doing better than what the spreadsheet said. I'm 25 and wished I opened when I was 18, instead of college. If you're worried about getting money, get a lease, the money is fairly easy to get assuming you have descent credit.

09-20-2004, 07:10 PM	#33 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 45 Posts: 52,065 Rep Power: 0	Quote: On 2004-09-19 02:12:00, PipelineTanningCo wrote: Oh I forgot to mention...I'm only 18 You're age will also be a problem IMO, unless you have a co-signer. Also, don't put to much faith in breakeven analysis', they always look good on paper and are based, unfortunately on a lot of "ifs".

09-20-2004, 07:14 PM	#34 (permalink)
PipelineTanningCo Join Date: Sep 19 2004 Posts: 42 Rep Power: 0	I'll be using the same bank my dad has been using for many, many years, and he will be cosigning. Besides owning a glass company, he is also a contractor, so many large loans have been taken out to build $200,000+ houses....plus Im saving a ton on remodeling!

09-20-2004, 07:20 PM	#35 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 45 Posts: 52,065 Rep Power: 0	No offence, but what we have here is a 90210 child. In essence it will be your dads salon. Well I will admit, that things are a lot easier when you have money.

09-20-2004, 07:29 PM	#36 (permalink)
DWhite6872 Waiting Confirmation Join Date: Apr 22 2004 Posts: 5,189 Rep Power: 0	I have two leases with banks one is Sky Bank and National City both for start up leases, we have been in business less than a year. Pipeline, I think you are getting a reaction from some of the veteran salon owners is you seem to always ask a question when you already "know the answer". It would probably would go better if you would ask a question when you truly wanted someone's opionion. The first rule in sales you will learn over the years is you must listen first.

09-20-2004, 07:34 PM	#37 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 45 Posts: 52,065 Rep Power: 0	You maybe right right on target with that comment DWhite6872, it's seems to be more bragging so far, than enquiring. Congratulations though pipeline, you were born into the right family.

09-21-2004, 12:43 AM	#39 (permalink)
PipelineTanningCo Join Date: Sep 19 2004 Posts: 42 Rep Power: 0	Um, sorry? I guess I'll just get into some other industry because I have the money to do a salon the way I want....my bad, what I was thinking? Directions. Read post, add 100% sarcasm. Repeat if desired. Avoid contact with your whiney, negative asses.

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