Business > Money Matters

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Is the Nail Industry Really Recession-Proof?

May 1, 2008  | Article

Whether we’re in a true recession is up to who’s doing the reporting, but what are the indicators in the salon?

Keywords: economy   On My Mind   recession  

On the Road: Sun/Spa/Tan/Body, Evans, Ga.

March 1, 2008  | Article

Sree Roy visits an Evans, Ga. spa.

Keywords: full-service salons   On The Road   retail merchandising   salon profiles   theme salons  

Cuccio Helps Rev Up Your Revenue

February 1, 2008  | Article

Five marketing tips to push your salon to achieve extraordinary results.

Keywords: commissions   Cuccio Naturale   gift certificates   incentive structures   retailing  

Let’s Swap

February 1, 2008  | Article

Before there were dollars and cents— in fact before there was any kind of currency — there was barter. You give me this and I’ll give you that. From other professional service providers (dentists, electricians, yoga teachers) to weekend getaways, nail techs are still using this practice today.

Keywords: bartering   business   money   service pricing  

Shrink Your Rent, Grow Your Salon

December 1, 2007  | Article

Like it or not, your salon lease is one of the most important papers you’ll ever sign. Take the time to learn about its provisions and how to negotiate terms that allow your business to prosper.

Keywords: leasing   salon finances   salon lease  

New Report Shows India As Fast Growing Market for Cosmetics and Toiletries

October 1, 2007  | News

A new report from the worldwide consulting and research firm Kline & Company, states that sales of cosmetics and toiletries in India grew by 12.6% in 2006.

The Professional Beauty Association Secures Major Victory with Small Business Administration

October 1, 2007  | News

In a major victory for the Professional Beauty Administration (PBA) and the salon industry, the Small Business Administration (SBA) recently issued a ruling that preserves the small business designation for hundreds of salon/spa businesses nationwide.

Keywords: business   Professional Beauty Association   taxes  

10 Ideas For Handling Rapid Expansion

October 1, 2007  | Article

This is what you’ve been waiting for. You have a full book and clients waiting. So, what’s the problem? The problem is you need more space for nail tables, a way to manage a heavier workload, and capital to fund the expansion. Fortunately, solutions are near at hand.

Keywords: business   business building   consultants   keeping your business competitive   staff management  

Under What Circumstance Is It Acceptable to Discount Your Services?

September 1, 2007  | Article

From a newbie tech who’d discount to get in new clients to a veteran tech who offers an alternative to discounting your core services, we offer you multiple perspectives on this issue.

Keywords: discount salons   nail salon service pricing   service pricing  

When the Economy Slows, Smart Salons Adapt

June 1, 2007  | Article

While the thought of an economic slowdown — or other financial challenge — can be scary, it can also be the catalyst for change. Take heart and learn from the struggles and strategies of two business owners who came out on top.

Keywords: customer service   economy   money   natural disasters   taxes  

The Tipping Point

February 1, 2007  | Article

Tipping has always been a sticky subject in the beauty industry. With mixed messages on whom and how much to tip, consumer tipping behavior varies widely. To curb that variance, some spas instituting automatic gratuities and service charges.

Keywords: taxes   tips  

Meet Fifi, Your New Best Friend

February 1, 2007  | Article

Fifi is a character we conjured up to introduce a new reader customer service program. Her name is an acronym for “Find It Fast Information.” (Cute, right?)

DSA, IMSA Offer New Insurance Plan to Members

December 12, 2006  | News

The Day Spa Association (DCA) and the International Medical Spa Association (IMSA) announced that members of both organizations can now be covered by a single group policy.

Keywords: insurance  

Yes, You Can Retire!

December 1, 2006  | Article

Sixty-five: It’s the age you’ll be when you can finally take advantage of those senior-citizen discounts at the movies. (Woohoo!) And if you plan right, the discount matinee won’t be the only great thing about your golden years — you can also get the relaxing retirement you deserve.

Keywords: finance   retirement  

How to Earn an Extra $10,000 Without Working Overtime

October 1, 2006  | Article

Keywords: budgeting   buying products in bulk   communicating with customers   nail salon service pricing   nail tech assistants  

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