Business > Money Matters

Hand-in-Hand Partnership: Making Over One Salon's Profitability (part 6)

May 1, 2000  | Article

One year ago, Lynn Kogle and her staff at Secrets Salon in Long Beach, Calif., took on the challenge of revamping their business systems using the strategies taught in OPI’s business management program, The Edge - Standards & Systems for Success.

Sometimes Money's Not Enough

February 1, 2000  | Article

According to Kitty Victor, business consultant and co-founder of the Masters audiotape subscription service, you need to offer more than just money to attract and retain the best salon personnel-quality of life and balance are number-one issues.

Hand-in-Hand Partnership: Making Over One Salon's Profitability (part 5)

January 1, 2000  | Article

Shrinkage is the term retailers use to describe missing product inventory. Simple employee error or sticky fingers can be the culprit. We asked the Secrets team for their view on this retailing pitfall in this month’s business-building update.

Hand-in-Hand Partnership: Making Over One Salon's Profitability (part 4)

November 1, 1999  | Article

When Nadine Galli, OPI’s Southern California Regional Manager, visited Secrets for their monthly status meeting, she walked into a salon that was bustling with clients engaged in a myriad of salon services. The same clients were also leaving the salon having purchased the OPI retail products the salon now sells.

Right on the Money? A Pro and Con Look at Tipping

November 1, 1999  | Article

The rumors of an IRS crackdown on salon tip reporting is causing salon owners and nail technicians once again to examine their gratuity policies.

Are High Commissions Pinching Your Profits?

October 1, 1999  | Article

If clients keep pouring money into your salon, but none of it is flowing into your pockets or the salon's coffers, it's time to re-examine your compensation structure. After all, why follow the competition's lead if the road heads toward bankruptcy?

Hand-in-Hand Partnership: Making Over One Salon's Profitability (part 3)

September 1, 1999  | Article

How many times does a great idea come up in a meeting then it never gets carried out? We’ve found that the monthly status meetings are critical to helping us achieve our goals.

Hand-in-Hand Partnership: Making Over One Salon's Profitability (part 2)

July 1, 1999  | Article

Just My Opinion: To Tell the Truth, Business Is Booming

May 1, 1999  | Article

Hand-in-Hand Partnership: Making Over One Salon's Profitability

April 1, 1999  | Article

Expansion Requires A Hard Look At The Books

January 1, 1999  | Article

When the time came to expand to a full-service day spa at five times here present rent, salon owner Leslyn Zak wondered if she could make the leap. So she brought in a financial professional to help crunch the numbers and create a winning game plan.

Tip of the Month: Buying in Bulk

September 1, 1998  | Article

The savings to the clients are good and the profits to the salon are great.

Just My Opinion: Discount Is Not a Dirty Word

July 1, 1998  | Article

Making Every Second Count - Reducing Service Times

March 1, 1998  | Article

Saving even 30 seconds off a fill could mean $400 more a year in income!

Salons Seek Staff

October 1, 1997  | Article

In 1996, 490,000 employees left jobs in salons.