Every week, Anna Manukyan is sharing the wealth--of her own knowledge. As a licensed professional, industry expert and financial counselor and coach, she speaks our language, making understanding financial terms easy and accessible. This week, she talks about the importance of diversification.
Investing in yourself and your future is crucial. Financial educator Anna Manukyan explains the differences between the four retirement investment types: pensions, 401(k)s, IRAs, and annuities.
As both a beauty professional and a financial educator, Anna Manukyan understands that unsettling financial forecasts can create a sense of "what should I do?" Manukyan reminds us what not to do...don't panic. Hear her common sense and comforting approach to taking in today's sometimes bad news.
In our latest Finance Friday video installment, we come to understand the importance of knowing your APR or Annual Percentage Rate on borrowed money and credit cards.
First, what does it mean to be 'in recession'? And, second, what should you start doing now to prepare for it?
This explainer video on the CalSavers Program has application for many independent beauty professionals, even if you don't live in California. This is the latest in our series of Finance Friday videos, short snippets of impactful financial information.
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.
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