Cathy Herndon of Cathy’s Hair Salon and Savannah Kirk one of her stylists talked to the class on Thurs, 30 Jan. Cathy has owned her shop for over 33 years and talked about her experience in starting the business and how it has changed over those years. Cathy started working with a stylist in a small shop in Switz City and eventually bought the business with a personal loan. She described the updates she’s made to the facility over the years and how it added to the business. Savannah, one of Cathy’s stylists, has been in the business for over ten years and worked for corporate shops before filling the open chair at Cathy’s. Managing documentation in product sales to ensure proper accounting for tax purposes can take considerable time and discipline. One nugget of advice (and a lesson she learned the hard way), make sure you have a good accountant to help manage the business. Especially an accountant who knows the rules and regulations. Savannah described what it was like to work in a corporate, or “chain” type, shop. In comparison, she prefers working in a smaller shop like Cathy’s and actually makes more money. Overall, sharing their experience proved timely as the students begin working on their business plan.

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