Cosmetics Shop Owners and Managers

Employers

Cosmetics shop owners may own their own small businesses or become franchise owners. Cosmetics store managers work for large department stores such as Nordstrom, Neiman Marcus, and Macy's; stand-alone cosmetics store chains such as Sephora, Aveda, LUSH, ULTA, and MAC Cosmetics; and for small business owners. Other managers may work for Internet-based cosmetics stores.

Starting Out

Few people start their career as an owner. Many start as a manager or in some other position within a retail business. While developing managerial skills or pursuing a college degree or other relevant training, you should decide what type of business you would like to own. Many people decide to buy an existing business because it already has a proven track record and because banks and other lending institutions often are more likely to loan money to an existing facility. An aspiring retail business owner should anticipate having at least 50 percent of the money needed to start or buy a business. Some people find it helpful to have one or more partners in a business venture.

Owning a franchise is another way of starting a business without a large capital investment, as franchise agreements often involve some assistance in planning and start-up costs. Franchise operations, however, are not necessarily less expensive to run than a totally independent business.

Many new college graduates are able to find managerial positions through their school's career services office. Some of the large retail chains recruit on college campuses.

Not all cosmetics store managers, however, are college graduates. Many store managers are promoted to their positions from jobs of less responsibility within their organization. Some may be in the retail industry for more than a dozen years before being promoted. Those with more education often receive promotions faster.

Regardless of educational background, people who are interested in the retail cosmetics industry should consider working in a retail store at least part time or during the summer. Although there may not be an opening when the application is made, there often is a high turnover of employees in retail management, and vacancies occur from time to time.