Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.
This week, we talk with a business owner about how she opened a full-service beauty salon and bar, grew it to two locations with dozens of employees — and how she pivoted again and again during the COVID-19 pandemic.
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Our take
Uyen Le grew up working in her mother’s nail salon. In 2013, she opened Beauty Bar, which offers hair, nail and esthetician services as well as a full bar. Beauty Bar now has two Colorado Springs locations and as many as 80 employees when fully staffed.
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Le’s partner, a real estate agent, suggested they buy a building in downtown Colorado Springs so Le could open her own salon. With an SBA loan and financing from family, she bought