Covid-19 has cost hair and beauty professionals over £11,000
1-minute read
A report by Simply Business has found that since the beginning of the pandemic, hair and beauty professionals have lost £11,603 on average in earnings.
As salons across England reopen and mobile hairdressers and beauticians start trading again, it’s also concerning that hair and beauty professionals expect the losses to continue for some time.
Despite reopening, these businesses anticipate that Covid-19 will eventually cost them £12,801 in total.
But businesses are overwhelmingly positive about the future
In total, 85 per cent of hair and beauty professionals have had to temporarily stop trading during the pandemic. What’s more, almost one in 10 (nine per cent) have permanently shut down their business, and only a quarter (26 per cent) have been eligible for furlough.
That being said, there are reasons to be encouraged:
- over 99 per cent of hair and beauty professionals expect their business to survive past 2021
- 100 per cent of businesses who’ve had to temporarily stop trading during Covid-19 plan to continue with their current venture
- there are just as many hair and beauty professionals planning to start a new business as there are who said they’ve permanently ceased trading (nine per cent)
How have hair and beauty professionals used their time in lockdown?
Businesses remain optimistic about the post-lockdown outlook more generally. Two thirds say the vaccine rollout has made them more confident about the recovery of their business, while over one in three (36 per cent) remain confident about life after lockdown.
While the pandemic has clearly been difficult for small business owners, hair and beauty professionals also told us about some of the positive ways they've spent their time during lockdown:
- spending more time with family where possible (62 per cent)
- focusing on themselves (35 per cent)
- rest (34 per cent)
- learning new skills (20 per cent)
Alan Thomas, UK CEO at Simply Business, said: “Against such a tough backdrop it’s inspiring to see small business owners display such resilience and this is especially true for the hair and beauty sector where almost every professional, whether mobile or in a salon, believes they’ll operate beyond this year. So as hair and beauty professionals prepare to safely reopen their doors, there are reasons to be hopeful – including the end of lockdown DIY hair and nail treatments!”
Are you preparing to reopen? Tell us your story in the comments below.
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Written by
Sam Bromley
Sam has more than 10 years of experience in writing for financial services. He specialises in illuminating complicated topics, from IR35 to ISAs, and identifying emerging trends that audiences want to know about. Sam spent five years at Simply Business, where he was Senior Copywriter.
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