Salon Finance

A crash course on the important things to consider, and common mistakes to avoid, when it comes to money flowing in and out of your business

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Buying High Quality Tools on a Budget

Holly recommends buying one tool at a time until you have enough for a full day of services. CJ's Centre for Beauty is offering a file buy back offer until October 31.

Make Your Nail Wish List a Reality in 2017

While you may hopefully be bringing in some extra income from holiday clients or thoughtful tipping, it’s a good time to stash a bit away to invest in yourself.

Level Money App Adds Flexible Money Management

Personal finance app Level Money has introduced a flexible money management system to help users with almost any income or expense pattern.

Tip Tuesday: Fix it Yourself

You’re probably used to performing a number of nail repairs in a day, but there are other simple fixes you can take care of in the salon as well. A good way to save money and learn more about the products you’re using is to see if there are resources available to help you make quick repairs on your own.

Salon Diorama Teaches Students About Real-Life Budgeting

At Royal Beauty Careers in South Houston, Texas, pupils take a hard 3-D look at what goes into opening a nail salon.

How to Earn an Extra $10,000 Without Working Overtime

Sell one more bottle of polish each day. If you sell one $10 bottle of polish you should make $5 net profit on it, adding up to an extra $1,800 a year.

Profit at What Price?

Forget what your competitors are doing and what you think your clients will pay –the most important factor in pricing services is to ensure your salon is making, not losing, money.

Make Every Little Bit Count by Counting Every Little Bit

Salon owners can reduce costs by limiting the number of product lines and distributors they use. Smart inventory controls also boost your bottom line.

Comparison-Shop Before You Buy

While promotion may sound costly, Derek Crowe says that budget is the last aspect of a campaign salon owners should address.

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