Business > Money Matters

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Open Your Books For Retail Results

January 1, 2004  | Article

In a commission-based salon or spa, technicians sometimes assume the owner is banking the other half of their commission. Opening the salon’s books will open employees’ eyes to the vital need to retail for the salon’s survival.

Keywords: finding/retaining staff   organization   retailing  

Compensate Employees for Extra Holiday Hours

December 1, 2003  | Article

How can salon owners take the sting out of all those extra hours employees are asked to work in the weeks preceding Christmas?

Keywords: compensation systems   holidays   seasonal services  

Compensate Employees for Extra Holiday Hours

December 1, 2003  | Article

Shari Finger, veteran salon owner, details different types of incentive programs to keep employees' spirits up during the holidays.

Keywords: compensation systems   employee issues   holidays   incentive structures   Shari Finger  

Is Your Pay Structure The Problem?

November 1, 2003  | Article

How a salon chooses to pay its staff can make all the difference in employee retention, quality of service, profitability, and your ability to compete. After payroll, salon owners are often left only with their own tip money and revenue from services they've performed. Should you abandon the traditional commission structure for a pay system that rewards behaviors that are key to the salon's overall success?

Keywords: business   keeping your business competitive   money   service pricing   staff management  

Putting a Price Tag on No-Shows

September 1, 2003  | Article

Have you ever taken the time to figure out exactly how much your non-show are costing you in lost revenue?

Keywords: no-shows   preventing no shows  

Sick of This? So Am I!

August 1, 2003  | Article

Our headline: “Sick of This? Fight Back With NAILS. Raise Your Education, Raise Your Prices” has riled some people. I’m delighted to hear that.

Keywords: As I See It   discount salons  

Keep Your Delusions Alive

May 1, 2003  | Article

Although there are nail technicians who tell us business has been hurt by the sluggish economy and fears of war, most tell us that things are good.

Keywords: keeping your business competitive   recession  

Profit at What Price?

April 1, 2003  | Article

Forget what your competitors are doing and what you think your clients will pay –the most important factor in pricing services is to ensure your salon is making, not losing, money.

Keywords: budgeting   money-savings ideas   raising prices  

It's Getting Hot In Here

November 1, 2002  | Article

A rash of salon fires reminds salon owners just how much they stand to lose. Knowing the potential fire dangers that exist in your salon and taking steps to curb them, as well as determining what your business is worth and getting good insurance coverage will help prevent a fire in your salon and minimize its effects should the worst come to pass.

Keywords: business tools   chemical safety   insurance   owner issues   salon safety  

Cut Your Cost to Boost Your Profits

October 1, 2002  | Article

As competition and tough economic times keep service prices flat, salon owners and booth renters need to look elsewhere to increase profits. Learn ways to cut your overhead costs — without sacrificing customer service.

Keywords: keeping your business competitive   salon finances   taxes  

Web Poll Results: We’re Givers

September 1, 2002  | Article

 80% of people in the nail industry donate items or services to charities at least once a year.

Keywords: charity  

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  

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