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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  

Reader to Reader: Do You Charge Family Members for Nail Services?

April 1, 2001  | Article

I give gift certificates to family members for Christmas or birthdays. This way, they are aware of the limits and that the services are worth something.

Keywords: doing nails for friends and family   offering discounted services   Reader to Reader  

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  

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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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