Navigating the UK Economic Crisis: How Beauty Business Owners Can Thrive with Vagaro

The economic landscape of the United Kingdom has seen its fair share of challenges in recent years. Factors like Brexit, Covid, and the shifting consumer behaviour have created a challenging environment for businesses across several industries.

In this blog, we’ll look at some statistics around the increase & decrease of beauty services and how businesses can not only survive, but thrive with the assistance of Vagaro during this economic climate.

Before we discuss how Vagaro can help support your business, it’s important to see which services & products have seen a significant decrease, and the expenses a beauty business can consider cutting back on to save revenue.

In the past year, businesses have seen a substantial decrease in client bookings, as well as product sales. Additionally, consumers have taken a step back from more elaborate haircare services and have chosen simple services such as the traditional haircut.

In conjunction, business owners have scaled back on certain expenses, like hours of operation and product inventory, due to inflation costs and consumer demand.

Amid these challenges, the proper business management software can be a game-changer for beauty business owners. Here are some ways Vagaro can provide support:

Marketing: Promote your business via the Vagaro Marketplace, and create your own professional email & text marketing to stay top-of-mind with clients!

Inventory & Online Store: Our system automatically detects low quantities so you can create and send purchase orders in a timely fashion. Sell services, products, packages, memberships & gift certificates online 24/7.

Reports: Vagaro has a reporting feature that can help business owners identify trends, track performance, and make informed decisions to adapt to changing market conditions.

The economic crisis in the UK presents challenges for business owners in the beauty industry. However, with the right strategies—including the use of the right business management tool—they can flourish in this ever-evolving landscape.

By embracing technology and utilising the features that Vagaro has to offer, beauty entrepreneurs can adapt to changing consumer behaviour, navigate economic uncertainties, and position themselves for future success.

Sign up for Vagaro today and enjoy our free 30-day trial period!