Business > Money Matters

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Keeping A Watchful Eye

August 1, 2002  | Article

Investing in a security system for your salon can deter theft, provide protection for staff members and lower your insurance premiums.

Keywords: employee issues   insurance   owner issues   shoplifting  

Reader to Reader: How Have You Advanced Your Career?

July 1, 2002  | Article

NAILS Magazine readers share their secrets to success. 

Keywords: career coaching   Reader to Reader  

Darling Starts Canadian Nail Alliance

June 1, 2002  | Article

As an instructor at the Ottawa Academy & West End Academy in Gloucester, Ontario, Tanis Darling has started the Nail Tech Alliance of Canada. One of its goals is to implement a standardized nail curriculum throughout the country.

Keywords: business   canada   Canadian nail industry   certification   student tests  

VITAL SIGNS: Essential Salon Statistics

June 1, 2002  | Article

Percentages, averages, and ratios may make your head spin, but they’re the fastest, easiest way to keep a finger on the pulse of your salon’s business health. Learn how to run the numbers as well as what they mean.

Keywords: salon finances  

On the Other Hand ... Are Things Looking Better or Worse?

June 1, 2002  | Article

Which is it? Is the industry up or on the decline?

Keywords: As I See It  

Just My Opinion: The State of our Economy

April 1, 2002  | Article

While so many people have been adversely affected by the current economic climate, there is a reason for those whose livelihoods resides within the beauty industry to breath a relatively small sigh of relief. How so?

Keywords: salon finances   Supply Source  

Go on the Record with Your Financial Records

April 1, 2002  | Article

Maintaining good financial records is not just about keeping the IRS happy. Having solid data enables you to measure how your business is performing and make adjustments when necessary.

Keywords: finance   record-keeping   salon finances   taxes  

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  

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