You might find a massage business to be a less-expensive idea in the first place, but as you start off as an amateur in the highly competitive market you might know how daunting it could be in terms of investment.
With a market size of more than INR 80,000 crores in 2018, the Indian beauty and wellness industry is growing at a fast pace, and a large chunk of the revenue comes from the massage and spa businesses.
Starting a massage business requires exceptional excellence in the skill of massaging. You might find it to be a less-expensive business idea in the first place, but as you start off as an amateur in the highly competitive market you might know how daunting it could be in terms of investment.
Before entering the market, a proper research needs to be conducted and a business plan should be made. A proper business plan would help you to plan the expenses even better.
Here is the list of expenses you could incur while starting your own massage business.
This is the one time investment that you need to incur in the initial stage of the business. This category includes expenditure on goods and services that are less likely to be bought again. Here are the goods that fall under capital expenses:
This category includes the operating costs of the business, which could be monthly and annual expenses. These are trivial things but essential in order to operate the business smoothly:
There are other expenses which are also important in order to operate the business, like the marketing and licensing costs. These can also be clubbed into operating expenses’ category, but need to be explained in detail under separate heads and maybe even subheads.