Strategies for Weathering the Economic Storm
Neil Ducoff, CEO of Strategies, gives a little economic advice.
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SEARCHMENUSEARCHNeil Ducoff, CEO of Strategies, gives a little economic advice.
Whether we’re in a true recession is up to who’s doing the reporting, but what are the indicators in the salon?
While the thought of an economic slowdown — or other financial challenge — can be scary, it can also be the catalyst for change. Take heart and learn from the struggles and strategies of two business owners who came out on top.
Gas prices exploded last year. Everyone — salon owners, booth renters, manufacturers, and distributors — has been affected differently by the surge. Some of the effects, like customers cutting corners, are expected; others, like taking more time for services, are not.
What concerns you most about your business right now?
I remain bouyantly optimistic about the nail industry, its status, and its future.