Here are steps you can take to protect your salon during an economic downturn: Offer a wide range of services at various price points to attract different types of clients. Focus on retaining your existing clients through excellent service, loyalty programs, and personalized promotions. Monitor your expenses closely and find areas where you can cut costs without sacrificing quality. Consider offering payment plans or financing options for high-ticket services to make them more accessible. Maintain your marketing efforts even during tough times. Stay active on social media, send out newsletters, and offer promotions to keep clients coming in.