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Even when you’re flush, I hope you still watch your pennies. Money isn’t everything; however, not having cash on hand forces you to make choices you don’t want. Here are the critical items to living with inflation for salon professionals.
“Salon professionals can misunderstand making money with building wealth, and without a timely heads up, leave the salon with little to show for a lifetime of salon work. I’ve seen this happen too many times.”
Money may not bring happiness, but a salon shutdown proved that no money is a bummer and totally stresses you out. We salon professionals excel at our skills, creativity, and ability to make money, but often lack the discipline to keep it. Yes, this is officially a tough love blog. Take a seat.
The more you know, the more you save and the more money you make. That’s true of everything in your business. When you’re informed, you can make informed decisions. Knowing your numbers when it comes to hair color usage is particularly helpful because it’s so easy to over-use product and undercharge for services. Here’s how three salons, with the help of Vish software, http://www.getvish.com/demo/salontoday were able to analyze the data available at their fingertips to determine which services were losing money and which were producing healthy profits.
Sponsored by Vish
Through the partnership, the tip-based solution app will roll out to professionals in more than 150 salons, with plans to roll out to additional salons throughout the United States.
