Go on the Record with Your Financial Records
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.
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SEARCHMENUSEARCHMaintaining 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.
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?
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.
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.
Would you willingly take a 25% pay cut? Well, we’ve got news for you: If you haven’t raised your prices, you’ve already taken one.
Whether by coaching leading, or suggesting, salon consultants revamp and revitalize client and staff retention, sales and profits, as well as the owner themselves.
When the time came to expand to a full-service day spa at five times her present rent, salon owner Leslyn Zak wondered if she could make the leap. So she brought in a financial professional to help crunch the numbers and create a winning game plan.
If the IRS asked to examine your salon's Federal Tax returns, would you survive the audit? Read on for an account of a salon owner who thought she was doing everything "by the book."
I recommend a head-to-toe review of the salon operation — a salon “physical” to check how everything is working, to take preventive measures, and to get yourself on a financially healthier program.
Opening your own salon requires patience, skill, and creativity. It also requires a considerable sum of money. If you’re one of the many who don’t have a fortune tucked away somewhere, read on for some sound financial advice.
Industry, business, and government organizations can lend you a helping hand when starting a new business.
Don’t leave your future to fate! To see what financial planning can mean to you, look at our real-life examples. In just one year, these salon professionals have reduced their debts, increased their income, and gained control over their financial future.
Gina Marsilii reached for her dreams and doubled her space, turning her nail and tanning business into a full-fledged, stress-relieving day spa.
At their midyear checkup, our salon professionals have gained control of their finances and focused on reducing their debts and putting their money to work for them.
In this first of a year-long series, NAILS, with the help of a certified financial planner, helps salon professionals over-haul their finances to meet their short-and long-term goals.
Better budgeting now will help you avoid the blues
Cutting prices to spur business may not be the best approach.