Understand your salon outgoings

Knowing this will help keep your business in profit…

 

 

Do you know all of the costs involved in running your business?

If not, you really need to.

When you know how much you spend in your business it helps you make a profit.

Profit is crucial for business success.

Use the chart below

This will be able to highlight all of your costs, helping you know exactly what your business costs to run. 

Also, it will give you some ideas as to where you can cut costs to help your business run smoothly and profitably.  If you are stuck, just watch this video…

Getting carried away

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

It is important YOU understand all of the costs involved and sometimes we can lose track, or underestimate the costs. 

Now you have a clear outline of all of your salon costings per year.  You can understand how much money your business needs to take.

For even more clarity, have a look here to work out down to the hour, how much your business needs to take.

 

Click below to watch a video to help you use the above chart.

This is for members only, if you would like to look at our memberships click here…

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.