finances - Tagged Posts - NAILS Magazine

Save Money by Remodeling Your Salon in 2008

If you were thinking about remodeling the salon, this might be the time to fasttrack your plans. Earlier this year, Congress approved the Economic Stimulus Act in the hopes of aiding a sputtering economy. In addition to the individual tax rebates, the Economic Stimulus Act contains a provision that offers businesses increased tax deductions on purchases they make before the end of the year.

Weather Any Financial Storm With Planning

Those feeling the pinch of these uncertain economic times may take issue with the old adage that the beauty industry is recession-proof. Being recession-proof, says Strategies’ Neil Ducoff, has nothing to do with the industry and everything to do with business planning. Here are his strategies to recession-proof your business.

Take a tip from…NSI’s Risé Carter

NSI's Risé Carter offers some tips on saving money in the salon.

Shrink Your Rent, Grow Your Salon

Like it or not, your salon lease is one of the most important papers you’ll ever sign. Take the time to learn about its provisions and how to negotiate terms that allow your business to prosper.

Yes, You Can Retire!

Sixty-five: It’s the age you’ll be when you can finally take advantage of those senior-citizen discounts at the movies. (Woohoo!) And if you plan right, the discount matinee won’t be the only great thing about your golden years — you can also get the relaxing retirement you deserve.

Crunching the Numbers - Our Financial Makeover Series

Lower Your Commissions or Go Out of Business

If you are paying your salon employees a commission of more than 50%, chances are you are losing money. Learn how to modify your commission structure to motivate employees and ensure a profitable business.

Grow Through Good Management

By understanding and committing to the principles of good management, your business can succeed and even flourish. Are you doing all you can do when it comes to smart scheduling, customer relations, employee management, and analyzing the numbers behind your business decisions?

Cut Your Cost to Boost Your Profits

As competition and tough economic times keep service prices flat, salon owners and booth renters need to look elsewhere to increase profits. Learn ways to cut your overhead costs — without sacrificing customer service.

VITAL SIGNS: Essential Salon Statistics

Percentages, averages, and ratios may make your head spin, but they’re the fastest, easiest way to keep a finger on the pulse of your salon’s business health. Learn how to run the numbers as well as what they mean.