TH E I N SPI R AT ION HOW TO...
PUT YOUR SPACE TO GOOD USE Want to capitalise on any spare space in your business, but not sure where to start? Here are some top tips – from licences to legal contracts.
J
anuary gets us all thinking about what we want to achieve in the year ahead. Indeed, now is as good a time as ever to think about the way businesses in the hair, beauty and barbering industries use their floor space. You could be looking to expand into new services and save money rather than employing a stylist, barber or therapist. There are various pros and cons to renting out a chair, space or room in your salon or barbershop (see Considering the costs, right). But whether it’s right for you or not is down to you, your priorities and your persuasions.
1
UNDERSTAND WHAT YOU’RE OFFERING
Anyone who rents a chair, room or space in your salon or barbershop is classed as self-employed and separate from your business. They will make their own decisions about how they run their business, such as hours of work, services they offer and prices they charge. In turn, they will be responsible for dealing with complaints from their clients. They will also keep their own business accounts and pay their taxes. The government is currently consulting on employment status, and any changes may affect the self-employed status of people who
rent space. The NHBF will update Members on any changes as soon as they are made.
2
BE CLEAR ON CONTRACTS
Before allowing someone to rent space, you must have a contract signed and dated by you and the renter. This is as important for you as it is the renter, as it can help avoid confusion or disputes should things not work out as planned. The contract should be clear on what the renter will get in return for their payments to you – for example, heating, lighting and water. It should also include the amount you are being paid, the date you will get paid each week or month, and how long the agreement is in place for, specifically for space and room renters. A probationary period is not
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