Business > Money Matters

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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

Sell one more bottle of polish each day. If you sell one $10 bottle of polish you should make $5 net profit on it, adding up to an extra $1,800 a year.

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

10 Ways to Save 10 Minutes

October 1, 2006  | Article

Heather Goodwin's tips include faster prep and encouraging clients to book standing appointments. 

Keywords: money-savings ideas   time-saving tips  

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

October 1, 2006  | Article

Wouldn’t an extra $10,000 a year make things so much easier? In the spirit of this HOW- TO issue, I’m going to tell you a few, mostly simple, ways to pad your wallet without doing time.

Keywords: building your clientele   client relationships   client scheduling   money   profitablity  

Crunching the Numbers - Our Financial Makeover Series

August 1, 2006  | Article

Keywords: adding new services   add-on services   OPI Products   salon finances   Suzi Weiss-Fischmann  

When Bad Things Happen to Good People

August 1, 2006  | Article

No one wants to believe they will fall victim to an accident or illness that prevents them from earning an income for a long period of time, but statistics show it will happen to three in 10 of us. Disability insurance protects your most valuable asset — your ability to earn an income and provide for yourself and your family.

Keywords: California   disability insurance   employee issues   Hawaii   insurance  

New Survey Shows 33% of Women Have Been to a Spa

July 1, 2006  | Article

A poll by reveals what women really think of the spa experience.

Keywords: client surveys   spas  

Re-Energize Your Schedule

July 1, 2006  | Article

By analyzing her workload and employing smarter scheduling, nail tech Heather Goodwin managed to work fewer hours and still increase her income by $25,000 a year. Learn her strategies to maximize your schedule and create the career you want.

Keywords: business building   service pricing  

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