As a new booth renter, I’d like to know how I should pay myself.

March 30, 2014

As a new booth renter, I’d like to know how I should pay myself. I have a separate business account. Do I give myself a salary?


I got this advice from a stylist who has 10+ years’ experience and I am so glad I listened.

I put every single penny into my business account, tips included. I write myself a check every two weeks as my “payroll” check. I deposit that check into my personal account and pay all of my personal bills with that. I pay myself just enough to cover personal bills with just a little left over for personal spending money. If I have money left over in the business account at the end of the year, I either leave the money in the account to help with slower times of the year or I buy business-related supplies to ensure I have what I need to service my client base.

I pay my booth rent, supplies, and anything else associated with my business out of my business account. I do not deviate from that plan. I pretend that business account is not there, except on pay day. It’s important to me not to use my business account for personal purchases. I don’t even carry my business credit card or checkbook with me to avoid overspending. Everything is black and white; your accountant will appreciate you so much for making things simple.  

— Paula Applewhite, Paper Rock Scissors; Salon, Spa and Gallery, Southern Pines, N.C.

Read more about

How can I cut costs and finally make a profit?

I’ve been doing nails for almost two years and have built a decent clientele. The only problem is, I did the math and over 50% of my income is going back into nail products. I’m using top-of-the-line brands and disposable files. How can I cut costs and finally make a profit? I know our prices are too low as well, but we are trying to stay competitive. Any advice?

As a mobile tech, how do I ensure I get paid?

I have a question about working as a mobile tech. When clients book group events or nail parties, how do you go about getting deposits and payments? Have you ever traveled to a client’s house and they were unable to pay? What did you do?

We respect your data and privacy.
By clicking the submit button below, you are agreeing with Bobit Business Media’s Privacy Policy and this outlined level of consent.

What should I do differently with male clients?

I’m starting to get more and more male clients. I am wondering how long a manicure for a man should last and how to price it? Also do you have any recommendations on what else I can do to give them an extra masculine sense of comfort?

Should I Use Punch Cards?

I recently started working at a high-end salon and I’m looking for marketing ideas. Should I do punch cards? I can’t do “refer-a-friend” because I don’t have consistent clients yet. We are already doing social media.

Should I start requiring a nonrefundable deposit for special-time appointments?

I want to start requiring a nonrefundable deposit for special-time appointments. My posted hours are 9 a.m. to 8:30 p.m. by appointment only. I am ridiculously flexible with my schedule, and let people book earlier and later if they can’t get in during normal hours. Recently, I had a 7:30 a.m. no-show! She was supposed to get services totaling over $100, and I forfeited holiday plans to accommodate her. She comes every two weeks, so I can’t lose her, but this is the second time she’s no-showed. What should I do? And how would I go about informing current clients of the new policy on off-hour deposits? 

Load More