2025 is a big year; the changes announced in the autumn budget will come into effect in April so there’s just a few months to get ready.
Sean Hanna, award-winning salon owner and founder of The Sean Hanna Business Consultancy, says there are a few changes salon owners need to look out for. “For many salon owners they will be hit with increased business rates, increased minimum wage and increased National Insurance all at the same time. We know these changes are coming, so don’t let it be a surprise. There are a few months to plan and get ready as much as possible so make some time to get ready,” he says.
Sean’s tips for getting ready for April changes
- Work out the implication of the upcoming changes – have a meeting with your accountant and work out the numbers.
- Many salon owners will have to find a balance between increasing prices and cutting costs, so look where the increases will be, and what costs can be cut without affecting the service you offer.
- Don’t just wait to see what happens – preparation and planning is everything in business, especially when you know something is on the horizon.
- Don’t just do what the salon down the road does as their costs might vary greatly from yours. Every business is unique, and any changes you make have to work for you, your team and your clients.
- Do your numbers and create a proactive strategy that works for you and your business.
For more information visit seanhannaconsultancy.co.uk.