Business > Money Matters

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Are Discounts Manufacturers Offer at Trade Shows Worth the Price of Attending?

June 1, 2006  | Article

Do nail professionals find good deals or are they better off simply ordering what they need from their distributor or straight from the manufacturer? Three beauty industry professionals  tell us what they think.

Keywords: American International Industries   tradeshows   Zvi Ryzman  

Crunching the Numbers: Increase Your Pedicure Business

June 1, 2006  | Article

Take advantage of the fact that there is a significant increase in pedicures during  the summer months spruce up your pedicure services

Keywords: pedicure business   pedicures   Suzi Weiss-Fischmann  

A Dollar-and-Cents Case for a Nail Career

June 1, 2006  | Article

 I’d like to show that a nail care career offers an excellent option for career-oriented high-schoolers and those considering a career switch. The dollar figures make a compelling case for a nail care career.

Keywords: alternative careers   cosmetology schools   finding a job   job choices   salary survey  

Insuring Your Salon's Future

June 1, 2006  | Article

Nobody likes to think of worst-case scenarios — like coming face to face with a lawsuit. But in the real world, things do go wrong, and nail salons are at risk of being named in a customer’s lawsuit. Unless you can afford to lose your salon and all that you’ve worked hard for, you can’t afford to be without professional liability insurance.

Keywords: business tools   insurance   salon furnishings  

Keep the Momentum Flowing

April 1, 2006  | Article

You love being a nail tech and are happy with your career choice, but how do you keep the momentum building and avoid the proverbial rut? Knowing what motivates you, creating a positive work environment, and communicating with team member are just a few ways to ensure you don’t hit too many bumps along the way.

Keywords: business   finding a job   work life balance  

Where Have All the Profits Gone?

March 1, 2006  | Article

As a salon owner or manager you may struggle with one question daily: Where does all the money go? You generate plenty of income in services and retail sales, yet there is little left to show for it at the end of the month. To regain control of your profitability, learn about the six profit points that make or break a salon.

Keywords: business   marketing/promotions   service pricing  

Breaking Through the Gas Ceiling

February 1, 2006  | Article

Gas prices exploded last year. Everyone — salon owners, booth renters, manufacturers, and distributors — has been affected differently by the surge. Some of the effects, like customers cutting corners, are expected; others, like taking more time for services, are not.

Keywords: economy  

Lower Your Commissions or Go Out of Business

February 1, 2006  | Article

If you are paying your salon employees a commission of more than 50%, chances are you are losing money. Learn how to modify your commission structure to motivate employees and ensure a profitable business.

Keywords: commissions   employee issues   independent contractors   salon finances  

Do Your Prices Need a Makeover?

July 1, 2005  | Article

Many of you are concerned that when an increase is implemented, clients will leave, and in some instances, this may be true. But you must not forget future goals, and you must keep pace with increases in supply costs, education expenses, and other overhead cost expenses.

Keywords: raising prices   service pricing  

Top Dollar Techs

March 1, 2005  | Article

They charge almost double the average price for a set of nails and their appointment books are so full they turn away clients. What is it that allows these techs to command such a high fee, and how can their advice impact your bottom line?

Keywords: service pricing  

Contract Labor, Booth Renter, or Employee — What Are They Really?

March 1, 2005  | Article

If they were audited, a large percentage of the salon owners in the beauty industry today could not pass the tests determining their workers’ tax status imposed by the IRS or by their individual state, says our expert. As tax time approaches, know the facts. The financial fall-out from misclassifying your staff can be devastating.

Keywords: booth rental   employee issues   independent contractors   IRS   taxes  

Time to Up the Ante

March 1, 2004  | Article

Is your salon ready to raise prices? Getting clients to accept a price increase gracefully depends largely on how it is presented to them.

Keywords: service pricing  

As the Pendulum Swings

February 1, 2004  | Article

Booth renters gained a foothold more than two decades ago as salon owners sought to lower their overheads in the face of stiff competition. But today salon owners are finding that booth rental doesn’t allow adequate profitability and more are considering employee setups in their establishments. Is the pendulum swinging from self-employment to salon employment?

Keywords: booth rental  

Open Your Books For Retail Results

January 1, 2004  | Article

In a commission-based salon or spa, technicians sometimes assume the owner is banking the other half of their commission. Opening the salon’s books will open employees’ eyes to the vital need to retail for the salon’s survival.

Keywords: finding/retaining staff   organization   retailing  

Compensate Employees for Extra Holiday Hours

December 1, 2003  | Article

How can salon owners take the sting out of all those extra hours employees are asked to work in the weeks preceding Christmas?

Keywords: compensation systems   holidays   seasonal services  

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VietSALON

The U.S. Vietnamese salon industry represents more than half of all salons. VietSALON serves this market with a bi-monthly Vietnamese language print magazine and a community-oriented website.

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