Cosmetics Shop Owners and Managers
Overview
Introduction
Cosmetics shop owners are entrepreneurs who start or buy their own cosmetics businesses or franchise operations. They are responsible for all aspects of business operation, from planning and ordering merchandise (such as cosmetics, perfume, skin and hair care products, and beauty appliances and accessories) to overseeing day-to-day operations. Cosmetics shop managers are responsible for the profitable operation of cosmetics establishments. Their duties include hiring, training, and supervising other employees, maintaining t...
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Earnings for cosmetics store owners vary widely and are greatly influenced by the ability of the individual owner and existing economic conditions. Some cosmetics store owners may earn less than $15,000 a year (but they probably don't stay in business long unless they have another job that generates income), while the most successful owners earn $100,000 or more.
Salaries for cosmetics s...
Work Environment
Cosmetics store owners and managers generally work in pleasant surroundings. Even so, these are demanding occupations, with owners and managers often working six or seven days a week. Working more than 60 hours a week is not unusual, especially during holidays. Owners and managers often stay in the store throughout the day, spending much of the time on their feet.
Outlook
The cosmetics industry is extremely competitive, and many businesses—especially smaller cosmetics stores—fail each year. Increased competition from other retailers and direct marketers, the growth of Internet businesses, and a potentially faltering economy are just some of the issues cosmetics store owners may face in the next few years.
Employment of retail managers (including cosmetics...
