Know how much to earn per hour…

Have you ever thought…?

I work so much, but, my salon is not in profit, why?

Look a little bit more into our goals and strategies.

Looking at our goals for life AND business helps us create a business that works for us.

Below you can use the chart to work out how much your salon needs to take per hour to achieve your goals…

Think about…

In an ideal world what would your personal income be and how many hours would you like to work?

Do you work all the hours, but don’t feel you earn any money?

This chart can help

You can see how much your salon needs to take to cover your wages, plus your overall salon costs. Make sure you have worked that out here.

Here is a video to give you an idea of what I mean.

 

Was this useful?  I hope it has made you think…

When you know your salon costs

If the hours you want to work and the money you want to work are in alignment it can help you plan your business to make it work for YOU!

You can work out if you need staff or help.  It helps you know if your business is actually working for you.  You can look at how you can makeit work, of it isn’t already.

If it isn’t, what can you do to make it happen?

How to use the chart

  • Just enter your income goal into the top box.
  • This is your yearly amount of money you want to take home.
  • Use the Salon Outgoings page to enter the next figure.
  • The next box then tells you how much your business needs to make to achieve this amount.
  • How many weeks a year are you open or how many would you like to be?  Put this number in the relevant box.
  • How many hours do you want to work?
  • If you have no staff and don’t want any put 0.

The best thing about this chart is that you can play about and think I wish I only worked 10 hours per week and see how much your salon would need to take to achieve your goals.

 

If you are a little unsure how to use this chart then here is a video…

Useful Finance Resources to help you manage your cash flow and profit.

Knowing how much to charge per treatment

This is a really super cool formula to help you understand costs involved in pricing.

When you have a pricing structure, you can always make sure there is profit being earnt in your business. 

Many people think pricing is just about cost of product and some wages.  There is so much more to it.  This makes it easy.  Take a look…

Understanding my salon outgoings at all times

Knowing how much you spend in your business is crucial to making profit in your business.

It is easy to get carried away with spending.  Sometimes we have to spend.  There are times when we could probably cut spending.

By knowing your costings makes this much easier and will keep a profitable business.  

Know how much my salon needs to earn per hour

When you know how much your salon needs to take, down to the hour, it can really help you achieve your goals.

This can be a bit of a reality check.  You can play around with this chart to see how much you would have to earn to work your dream hours.

It helps give you direction and create strategies to make this work.

Cash Flow Forecast planner for profit

Have you ever done this?  Use the Salon Outgoings to help here.  A cash flow forecast can help you predict earnings, based on your business.

Understanding when money will be coming in and out of your business is crucial.

Download our cash flow forecast to stay on top of your finances.