Business > Money Matters

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IRS Keeps It Simple to Comply With Tip Regulations

August 1, 2000  | Article

The IRS is making it easier for everyone in the beauty industry by simplifying its voluntary tip income compliance agreements.

Keywords: IRS   tipping  

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.

Keywords: OPI products   profitablity   Suzi Weiss-Fischmann  

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.

Keywords: OPI products   profitablity   Suzi Weiss-Fischmann  

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.

Keywords: OPI products   profitablity   Suzi Weiss-Fischmann  

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.

Keywords: IRS   taxes   tipping  

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.

Keywords: OPI products   profitablity   Suzi Weiss-Fischmann  

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

July 1, 1999  | Article

Over luxurious manicures and pedicures we talked about how implementing the concepts of The Edge Program is already having positive effects on the salon’s business.

Keywords: OPI products   profitablity   Suzi Weiss-Fischmann  

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

Keywords: OPI products   profitablity   Suzi Weiss-Fischmann  

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 her 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.

Keywords: salon finances  

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.

Diary of a Discount Salon Nail Tech

August 1, 1998  | Article

Apprehensive at first, nail technician Heather Sweat took a job at a discount salon for some extra cash. She discovered that these often criticized salons have a lot to teach the rest of the industry.

Keywords: discount salons  

Just My Opinion: Discount Is Not a Dirty Word

July 1, 1998  | Article

Keywords: discount salons   Just My Opinion  

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