Good news for salons and beauty businesses across the United States!
Halloween is just around the corner, and the news is that Americans are expected to spend a record high of $9.1 billion collectively on the day.
Some big numbers, right?
But not surprising, given the fact that this spooky festival is the second highest grossing commercial holiday in the US, just after Christmas. Continue reading →
Note: This blog is Part 2 of a 2-part series: The 3 simple secrets of making more money from your salon/beauty business
In Part A: Increasing your revenue, we talked about what are the three core ways to make more money in your salon, business metrics that are used to measure this, and how to boost these numbers.
Further in this blog:
Part B: Taking care of your expenses talks about two simple business metrics, how they can help track your business growth, and how to deduce them.
Part C: Making sure you don’t run out of money talks about cash flow in the salon business, what it means, why maintaining a steady cash flow is important, and how to pump up your cash flow.
Admit it. Most business owners wouldn’t say no to making more money from their current setup.
But only a few are aware of (or pay much heed to) the basic business mechanics of running a salon. With numerous guides available on the Internet, and advice from fellow business-owners, you could easily get confused about what to do in order to earn more from your business.
Should you…
Focus on getting new customers through the door?
Or getting existing customers to come back more often?
Or knowing if you’re earning enough?
Or start selling more retail products?
How do you know what’s right?
A good team of professionals is fundamental to achieving your business goals…
…at whatever stage you may be with your salon business; just starting up, looking to expand, or trying to efficiently run your current setup.
Recruiting and retaining quality professionals is the most important managerial skill you’ll ever learn; whether you’re an artist trying to make it as a salon owner, or a business person testing the waters in the beauty industry.
