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Handing Over Your Business

April 1, 2002  | Article

For many nail techs, owning a salon is the next step in their careers. But for some, once they achieve this milestone they realize they’re not cut for ownership- for a variety of reasons. For other, it’s the realization that their dream wasn’t what it was cracked up to be

Keywords: how to sell your business   how to sell your salon   salon ownership   valuing your business  

Figure It Out

January 1, 2002  | Article

In the updated edition of Milady’s Successful Salon Management for Cosmetology Students, you'll learn targets for salon operating costs in various expense categories.

Keywords: salon finances  

The $65 Pedicure

August 1, 2001  | Article

Consumers are more than willing to pay $65 for a pedicure. But if you're like the average salon, you're charging $30-$35.

Keywords: Larry Gaynor   Nailco   service pricing  

Are You Reporting Your Tips?

June 1, 2001  | Article

NAILS knows that there is some confusion when it comes to filing your taxes, so if you’re not reporting all your tips, read this. The IRS wants its fair share of your taxes and it’s trying to make it easier for salon professionals to follow the rules. IRS analyst Don Segal answers common questions.

Keywords: IRS   taxes   tips  

Renters Require Separate Coverage

May 1, 2001  | Article

It’s important that booth renters recognize that they are actually a small business and find their own insurance plans.

Keywords: booth rental   insurance   professional liability  

Making the Computer Connection

May 1, 2001  | Article

With the abundance of salon software packages available, there’s no excuse for not getting your salon computerized and ready to reap the profit and time-saving benefits.

Keywords: computer systems  

The Three T’s of Retailing: Train, Track, and Tie It to Performance

April 1, 2001  | Article

When Susie Galvez bought Face Works Day Spa in Richmond, Va., two years ago, retail sales accounted for just 3 % or her gross sales. As part of her one-year plan, Galvez set her sights on boosting retail sales to 10%.

Keywords: commissions   incentive structures   retailing  

Senate and House Introduce Tax Fairness Act of 2000

January 1, 2001  | Article

Keywords: taxes  

Unredeemed Gift Certificates: No Give No Take

November 1, 2000  | Article

Unredeemed gift certificates are not money in your pocket. Even if the expiration date is past (and the state decides that), the money paid still rightfully belongs to the intended gift recipient.

Keywords: customer service   gift certificates   Valentine's Day services   Virginia  

Opening Your Own Salon [A Resource Checklist to Determine If You Are Ready]

October 1, 2000  | Article

 

Do you have what it takes to open your own salon? Or are you at a loss as to where you should even begin? What you need are the general principles and practices of salon ownership and a checklist to evaluate your. With all of the media available today, resources abound when it comes to opening your own salon.

Keywords: compensation systems   hiring nail technicians   obtaining a loan   opening a new salon   owner issues  

Tiered Pricing: Where Supply Meets Demand

October 1, 2000  | Article

Is multi-level pricing a solution for keeping the best nail technicians satisfied and motivated in their jobs? Some salons say yes, indeed.

Keywords: customer service   employee issues   finding/retaining staff   service pricing  

Is There Still Something Wrong With Our Schools?

September 1, 2000  | Article

A few years back, we asked the question, “What’s wrong with our schools?” in an article that exposed the industry’s complaints about how we train our professionals. Eight years later; we decided to see what, if anything, had changed.

Keywords: AACS   cosmetology schools   NACCAS   National Cosmetology Association  

As I See It: A Memo to Beauty Distributors RE: Selling Nails

September 1, 2000  | Article

An experienced nail technician with a full book generates $4,000 or more per month in service sales alone, and she is usually responsible for her own product purchases.

Keywords: distribution   online buying   product buying  

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  

The Price Is Right—Or Is It?

May 1, 2000  | Article

Would you willingly take a 25% pay cut? Well, we’ve got news for you: If you haven’t raised your prices, you’ve already taken one.

Keywords: financial records   profitablity   service pricing  

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Market Research How big is the U.S. nail business? $7.3 billion. What's the average service price for a manicure? Dig into our decades' deep research archives.

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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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