In this time of finger pointing politics, with a focus on small business, I found this information extremely interesting. I am always looking for technical and business knowledge to expand my horizons. As many of you know, I also share this information at my table. The following quotes have been taken from a professional trade magazine, Nails. I feel that it is important to share this because we are truly professionals and entrepreneurs, not just your nail girls.
"The salon industry is a vibrant part of the U.S. economy. Salons generate approximately $60 billion in annual sales, more than five times higher than movie box office revenue,and employ over 1.6 million professionals. There are more working cosmetologists than
elementary school teachers or lawyers. Nail salons represent more than $6 billion of this total, employing over 155,000 professionals.
The salon industry provides many opportunities, including to those with limited capital, language, and education, to move up the socio-economic ladder and to become self employed. This has resulted in many new immigrants finding their way to salons. The industry is very family- friendly as it offers flexible scheduling, enabling people to juggle their personal and professional lives. Many people work part-time. Some, who choose to do so, work more than full- time in an effort to push ahead.
Relative to other service industries and to those with like skills and education, salon
workers, including nail salon workers, are paid comparably, or even well above those in other service industries, with a significant portion of their income paid in the form of cash. Many nail salon workers (70%) are self-employed and own their own small
businesses. In fact, out of more than 4,000 industry listings in the yellow pages, the
beauty industry ranks seventh.
The Nail Manufacturers Association (NMC) is a strong proponent of the nail industry and an advocate for salon worker health and safety, including education, outreach, and better enforcement by state and local authorities of existing laws and regulations."
I am proud to be a nail salon owner, mentor, and nail specialist. I look forward to being in this industry for a long time, as well as helping others who are starting out to become successful.
**Article was written for "Nails Magazine" by the PBA & NMC