Before you begin, the first thing you must do is to either make sure you have been trained professionally as a nail technician, or that you already have a professional nail technician or technicians to work in your salon. You should also get ready for the intricacies of running a business by taking some classes in business management.
If you have not been trained as a nail tech yet, check out your local beauty schools to get training.
Once you have gotten all of that settled, the next thing you need to do is find your location. Do some in depth research on where you are more likely to succeed. Sometimes it is best to find a location where there is another nail salon. Competition can bring business, especially if you are better then the other salon.
Once you have narrowed down the location to at least three areas, get friendly with the local businesses. See how their business is going and what exactly the age group is that frequents that area.
Now that you have the first two things out of the way, the big part is getting it financed. If you happen to know someone personally who is in a position to help you out financially, then by all means go with that route. If you're not so lucky in that area, then your best bet is to find a financial institution which is able to finance your business and maybe even to loan you a little extra so you have everything you need.
One of your best bets is to find a financial institution that is local and not so corporate. This way when you come to the financier with your proposal, they will be familiar with your region and will be more likely to understand the market. Ask for what you need and do not get greedy; remember, you have to pay this back with interest in the very near future. Never over commit yourself to something unless you know you are prepared to pay it off.
Now that you have the technicians, location, and the financial support you need, setting up the nail salon is your next step. Always remember that in a business like this, less is more. Do not overdo it on the decor. Keep it pretty and simple. Research places where you can find the specifics you need without spending too much. Try to stay clear of designer brands, go for the more practical and less expensive items to start. The less you spend, the more money you will have to use if it is needed immediately.
Start bringing in the customers. Get out there and promote your business. Make flyers, send out announcements, and get your business name out there for everyone interested to see. If you do not promote, customers will not know you are there and your business will not succeed at all. Get the word out in any way you can. Keep in mind, however, not to put flyers inside of mailboxes - unfortunately, that is not allowed.
Now that you have the basics in opening your own nail salon, strive for excellence, keep your business acumen sharp by participating in regular refresher courses in business through your favorite online college, and never underestimate yourself.