Business > Money Matters

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Just My Opinion: Step Up, Show Up, and Speak Up!

January 1, 2010  | Article

Keywords: adding new services   competitions   continuing education   Just My Opinion   keeping your business competitive  

Week 21: One Salon Dreams Big — And Gets a Little Help From Uncle Sam

December 21, 2009  | Article

Kyle Simonson, founder and CEO of Minneapolis-based Simonson’s Salon and Spas, found a down economy was no obstacle to the continued growth of her four-location enterprise. Simonson’s Salon and Spa is one of three small businesses that have come together to build a new retail development in Maple Grove, Minn., as a result of a federal stimulus bill which enables the U.S. Small Business Administration to reduce or eliminate fees on 504 loans.

Keywords: 2010 Project   business building   recession  

Need Cash?

December 1, 2009  | Article

Are you looking to make improvements to your salon, catch up on bills, or bring in inventory, but can’t get access to cash? Merchant Capital Source (MCS) provides working capital to salons that are either unable to obtain a traditional bank loan or have “maxed out” their available credit.

Keywords: money   salon finances  

Week 17: Applying the 80/20 Rule to Your Business — It’s Not Rocket Science

November 23, 2009  | Article

Are you are a busy nail technician or salon owner in desperate need of making more money? Do you feel that you are really close to grabbing the “brass ring” only to find yourself unable to reach it yet again? If you answered yes to one or both of these questions then take a moment, kick your feet up and read about the 80/20 Rule and how you can immediately apply it to work LESS and make MORE.

Keywords: 2010 Project   business building   recession  

Week 10: Pay It Forward: Win $5,000 for a Friend

October 6, 2009  | Article

Ultimate Beauty Companies, a Southern Calif.-based beauty distributorship, wants to make a difference in the world — and within the beauty industry — by “paying it forward.” So UBC recently created the Pay It Forward contest to encourage beauty professionals to nominate an industry friend in need, and the chosen finalist will receive $5,000 cash.

How to Stretch a Buck in the Salon

October 1, 2009  | Article

Reneé Borowy of VIP Salon & Spa says renegotiating has been key to keeping costs under control.

Keywords: economy   money   recession   Renee Borowy  

How to Stretch a Buck in the Salon

September 1, 2009  | Article

Shari Finger, owner of Finger’s Nail Studio, suggests cutting payroll hours, inventory, supplies, and insurance costs  to make a dollar go farther.

Keywords: money   salon finances   Shari Finger   staff management  

How to Stretch a Buck in the Salon

August 1, 2009  | Article

Jennifer Perdue, owner of Details Nail Salon, offers tips on saving including having a "favorite recipe" party instead of taking the staff to a big, noisy restaurant.

Keywords: money   salon finances  

Booth Rental Made Easy

August 1, 2009  | Article

There is pretty much no such thing as an independent contractor in the beauty industry.

Keywords: booth rental   business   commissions   independent contractors   Ken Cassidy  

Alert Your Customers To Openings In Your Schedule

August 1, 2009  | Article

Fill empty slots in your next day's schedule by using broadcast e-mail or a telephone call-in line.

Keywords: client scheduling   time management   web marketing  

Survival Tips:Staying Afloat in a Sinking Economy

August 1, 2009  | Article

Nail salons are one of the more resilient businesses in stagnating economies, but the current downturn has reached everyone to some extent. Many salons are still thriving despite the slowdown — so what’s their secret? Seven techs share their experiences on how they’re beating the odds to stay afloat.

Keywords: business building   keeping your business competitive   marketing/promotions   recession  

Why Would I Need a Coach?

August 1, 2009  | Article

You’re a fearless entrepreneur with the skills to provide clients with excellent customer service. But if you haven’t hired a coach, you could be making a costly mistake.

Keywords: business tools   consultants   professional consultants  

Week 1: SBA 2009 Recovery Act: What's in the Stimulus Package for Nail Salons?

July 31, 2009  | Article

Earlier this year, The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by President Obama. It has the potential to have a significant impact on small businesses (like salons) by providing tax incentives and financing opportunities that will help small business owners create jobs. The idea is to make it easier for small businesses to get loans.

Keywords: 2010 Project   finance  

On My Mind: What If You Hit the Jackpot?

July 1, 2009  | Article

If you had all the money in the world, would you quit your job?

Keywords: charity   nail tech assistants   On My Mind   preventing burnout  

10 Money Wasters (and how to stop the waste)

July 1, 2009  | Article

In tough times, little things count, and small efforts to save a bit of money here and there can add up over time. Every day there are opportunities to save, and it’s really easy to do once you identify where the waste is happening. From buying bulk sizes to shopping for furniture at a swap meet, these little things can make a difference in your budget.

Keywords: finance   money  

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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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