Money in, money out — Understanding your professional finances is critical to surviving and thriving in today’s turbulent economic conditions, whether you’re an independent stylist or the owner of a small to mid-sized business with multiple employees.
Salon Finance is 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.
independent salon professionals
owners and managers of small to mid-sized salons and barbershops looking for updated advice and refreshers on budgeting, benchmarking, tax planning, and overall financial responsibility
How knowledge about the various types of financial professionals and the inner workings of your professional finances can elevate you
The definition of “Money In” and the items related to it
From raising prices to reducing your tax liability, general ways to increase your money in
Incentivizing and motivating others in your organization to align with your financial goals
Learn the pitfalls so you can avoid them
While most people tend to focus predominantly on maximizing money in, what flows out of your business, and managing it effectively, can be equally as important
How payroll can have the biggest impact on your money out
Incentivizing and motivating others in your organization to align with your financial goals
How to keep your finger on the pulse of your business on an ongoing basis
Preemptive strategies to maximize your earnings and alleviate the stress of paying what is naturally due
How living large in real life, but not on paper, can be detrimental
General guidance on one of the most important financial aspects of the salon industry
How developing a financial game plan can lead to success
Advice on sticking to your game plan
Learn the pitfalls before you face them
Financial things to keep in mind if you ever plan to sell your business
Closing comments related to sound financial management and knowledge
courses include:
