Before You Open a Salon, Read This: 3 Cash and Tax Rules Every Owner Needs

The Financial Reality of Opening a Salon: Eric Vaughn’s 3 Financial Non-Negotiables

Most salons don’t fail because the owner lacks talent or vision. They fail for far less glamorous reasons… taxes and cash flow. 

Salon owner and Kenra Color® Artistic Director Eric Vaughn (@realericvaughn) learned that lesson early. Opening a brand-new salon just months before COVID hit forced him to master the financial non-negotiables every new owner needs to know.

 

Rule No. 1: Hire A Strong Tax Pro Before You Open

Eric doesn’t frame a tax professional as an optional expense; he sees it as protection. “