How To Do Business & Thrive As An Independent Nail Tech
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- čas přidán 8. 07. 2024
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Backstory to this nail business video...
So recently I received an email from a viewer asking how to actually go “legit”, yes she legit, used the word legit, so I’m sticking to it.
And at first I didn’t quite understand what she meant by that because she had mentioned she already had her license… and so in my head that sounded pretty legit.
But surely after reading a bit more, I was like... ah! I know what you mean, like how to be legit, legit. Ok enough. What she meant was, how to set up the back-end of your nail business so that you are indeed a business now that you are a licensed professional.
And so what this viewer expressed to me was that there aren’t very many resources (and that is true) that tell a nail tech how to properly set herself up to do business independently in nails.
For example, things like do you need a separate business bank account or can you use your personal one?
Do you need a business license?
How do you report and keep track of your income?
How do you even take payments from your client, etc., etc. …
and then I was like AH! I get ya, yeah there really isn’t much out there, is there?
So in today’s video I will be showing you 7 things you need to have to start operating as a nail business.
LET'S GET SOCIAL!
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Where have you been all my life? I’m battling working a 9-5 wanting to quit and go to the nail school!! Nails are my PASSION! I currently sell press on nails but want to be a “Legit” Nail Technician. Thank you for taking the time to even do this video to help others like myself.
So glad it helped Stephanie! I did quit my day job, and picked up an evening shift as waitress. You’ll need some sort of part time for a few little nail splurges. I literally had no more than $100 sometimes a week to spend... so I had to pick up a part time.
You can do it queen, I did it and I’m taking my practical test next month which I’m positive I will pass. Good luck on your journey!
There was a lot of helpful tips in this video. I think the scariest part of being an independent nail technician is taxes. Everyone usually tells you to just save money for taxes and that supplies are a write off but not the process or how to record the necessary information.
Thank you for the feedback!
I think you are right about many no specifying how to write off things, but I believe it is because of liability reasons.
Unless tax law is your thing, then you cannot really advice ppl 🤷🏻♀️
It’s good to hear tips from different points of views, it’s like business meditation
You have such a soothing voice! Thank you for the advice!
This is like a business and meditation video in one! So relaxing and informative 😌💗
Love this! Very informative!
Thank you SOOOO much!! This video saved my life 😅
Thank you for all of this valuable information! I am so interested in becoming a nail tech but was so lost on how to become successful and how to begin. This is amazing! I can't wait to share all of this new information that I have learned with my mom, that is a bit skeptical of this idea of mine.
This video literally gave me so much knowledge on things I didnt even think about or have been considering. greta suggestions
I'll be finishing school soon and this information is so informative . I have been searching on LLC, financial apps, and was not aware on the mileage. Great information!
Thank you for this video!! I am just going into school this fall!! Great info
Simpliest video and very informative! All of this is on m list f things to do and I ran across this video so it gave me clarity that I'm on the right path! Loved this for me☺ Thanks alot!!!
I've heard a few things here and there but the video is helpful for those who don't know what they want to do after school.
This was so so helpful! Thank you Paola!
Im glad it was! I hope I can bring in more tips!
Amazing work! Great Information for the future! I am in school right now and trying to get all the tips and information I may need to be successful! 💕
I was very interested in learning to keep every receipt I use to purchase products and using a separate bank account is genius! Thank you!
Thanks Paola!! 💖💖
Sure! Hope it helps a little bit!
I had just opened my nail studio last March when was asked to close because of the virus. I didn't have the need to look into things like mileage & quick books because I haven't been opened. I am now hopeful that this year will be better and this video gave me knowledge as how to be better prepared for when that happens. Thank you for all the great information in this video.
I know! I’m listening to you all and have more tips on how to go “hybrid” in person nail tech and virtual work! Stay tune.
Thank you so much for all the tips given!!! I was taking much needed notes. Now, to rewrite them and re-evaluate my current structure.
Beautiful!
Super good advice!!! Thank you!!! ❤️❤️
Glad it was helpful!
This was very insightful! I will definitely be using square!
Very inspirational and motivated me to be my own boss ❤️
Thank u for this information! Very helpful🎉
Thanks so much
Fantastic video! I eventually want to go through this route of being an independent nail stylist/business. Thank you so much for the very informative advice (as always)!!! 💜
Sure! I understand things are a little bit different now, but being prepared will always be necessary.
Great video!!!!!
Thank you so much.. very informative..
Thank you so much! I cringed as soon as i heard liability insurance but you explained it so well! I'm following all these tips. Also the business card idea is genius!
Great information. I have completed some of the steps and I have a small business mentor to assist me with the rest of this great information...
Very informative
Thank you for this informative video ! So many things I didnt even think about.
Yay! Glad it helped!
Thank you so much !!! This is a great video I'm subscribing !!! you have great videos
Lovely! Thank you for watching!
❤️❤️
Very informative! I will be working in a salon on commision. Do i need an LLC as well?
This was so helpful :) By using your own name, could u use a nickname to shorten ur name? or does it have to be "yournamenails" im wondering how creative can u get with it?
Could I get liability insurance if I work from a home salon not zoned for business. I will be a certified tech once I start advertising. Thanks for the advice!
So I should apply for sole proprietorship instead of LLC?
I went to school for nail technician, but I didn't take the test to get my license. Do I need a license to be a nail technician?
Would it be smart to use Quickbooks to track client payments alongside expenses? I usually use Square to track deposits but not remaining balances
I input cash payments in manually into my Square.
Do you recommend nail techs register as llc or sole proprietorship?
I think she said we would be a sole proprietors
If my name of my nail business is purely polish what do I need to do to make that name legal
Does that insurance cover clients who no show. For instance you charge a no show fee of say $40 and the client does a charge back with their bank saying it’s fraud. Will this insurance cover that cost so you still get paid?
You'll want to shoot them an email.
Hi I was wondering now sense the pandemic how about buying online? How will the receipts work?
print your invoice when $75+
Loved this vid Paola! Can you share your liability insurance source? I checked the description but didn't find it!
Oh! Right! By the way Hi! Long time no talk! Here it is www.beautyinsuranceplus.com/
Just realized you're not Nancy! lol... Kate!
Another beauty friend's biz name was Love Sick Nails lol!
Hi Paola - I'm so happy to have found your channel, theres nobody as informative in the business side of this as you!
I have a question about the Sole Proprietor//LLC option; I want to become an LLC because I know this is something I am doing in the future and working towards building. Gracias a dios, i'm moving pretty quickly. However, I still only make about $1500-2000 a month. Do you think it is still worth it to become an LLC? Even if it's just me for now? Most of what you mentioned i've already done or have been researching to do this year! I feel like i'm on the right track, but still unsure on what to do just because I'm not that busy just yet..
I appreciate your help and knowledge! thank you!
Ugh... I cannot advice you on a legal decision, but I do understand your dilemma. I'm thinking you can still insure yourself/business as sole-prop. I think you will know exactly when it is time to become and LLC. There are fees every year for that, our experience was like $1000 per year?? So you can afford to pay it, but then doing taxes as an LLC just gets more complicated then needed for tiny businesses like yours. I dunno!
@@PaolaPonceNails ah, I see! This is enough info for me to dig deeper so thank you so much for the guidance! 😭😭💙
From personal experience, if you get an LLC faster you can start building your business credit and you can start applying for business credit cards, lines of credit, loans to open your future big business or more businesses. Banks like to see that people are keep track of their business money. The sooner you start the faster you will grow your business credit. I recommend opening a business checking account using a credit union bank. Hopes this helps.
@@lalapinkdenise It definitely does help!! Thanks so much for your input ❤️
@@lalapinkdenise can you register for an llc before receiving a business license?
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What’s the title of the video that told how you turned into 6figure tech?