Another Painful Story of a Failing Business

Image courtesy of www.dreamstime.com

Every so often, stories about the ups and downs of celebrities are either inspiring or frustrating. Most viewers love watching how a small player rises from being a nobody to one that is famous and respected. One sector that is full of such stories is the fashion and beauty industry. Most of today's successful beauty experts began from the lowest of ranks and moved up because of hard work and celebrity endorsements.

This hairstylist icon (HI) began her career with help from a family member. Unlike other stylists, HI was studying in a university when she realized she had the talent for making people beautiful with her scissors. While working in a salon, HI eventually started earning recognition for her name and the salon in the mid 80s. HI became quite famous and celebrities flocked to the family-owned salon. HI gave back to the community by establishing a school and imparting her knowledge through hair clinics.

Business was booming then. However, things did not turn out for the best. Sometime ago, HI bought a mansion in an exclusive subdivision and lived a lifestyle fit for her status. Then, business became bad. Other salons and hairstylists came into the picture. Added to this development is the proliferation of salons that offered cheaper rates. Hence, the business of HI suffered. Coupled with a lavish lifestyle and a failing business, HI had to choose. Out of the six branches, three were closed down because rent could not be paid. Then, the employees started to receive their salaries late, and their contributions were not remitted to the SSS. The turn of events is quite sad because the welfare of the employees was compromised. Perhaps, HI can live a less lavish life, and adjust to the times. Although, HI is an established name, there are younger and more creative talents in the industry who can very well be her competition and cut into her business.

Do you know who HI is? Please abide by the RULES in writing comments if you want me to post them. Initials and comments that are too explicit will not be accepted.

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