Salon owners and beauty professionals have gained practical guidance on financial management, taxation and business growth through two recent programmes supported by DFCC Aloka.
The first programme, organised by the Institute of Hairdressers and Beauticians at Waters Edge, focused on the financial disciplines required to build and sustain a successful small business. Participants explored areas including financial management, banking, saving and investment, as well as taxation and statutory obligations.
The second programme, the Salon Owners Entrepreneurship Development Programme, was hosted by DFCC Aloka at the DFCC Bank Head Office, bringing together financial knowledge, business development and industry experience.
Nayana Karunaratne, Founder of the Institute of Hairdressers and Beauticians, joined other specialists to lead sessions covering business growth, taxation, financial literacy, personal branding, capital market investments and the DFCC Aloka Pragathi Loan Scheme.
The programmes addressed a key challenge faced by many service-based entrepreneurs. While technical expertise and customer trust are essential to establishing a salon, sustaining and expanding a business also requires knowledge of cash flow management, financial record-keeping, taxation, investment and business planning.
Both programmes provided participants with an opportunity to discuss the day-to-day realities of running their businesses with financial and industry specialists.
By bringing together practical industry experience and financial expertise, DFCC Aloka aims to support women entrepreneurs in strengthening their businesses today while preparing for future growth.