Income Goals for Retailing products

What if I told you, you could earn an extra £500 per month?

Sound good?

Just by talking to clients, promoting facials a little more, you can make this happen.

Break it down

When you look deeper into what this involves it is not so scary and can be far easier than you can imagine.

Look below

Just by filling in your goals this chart will generate figures to help you simplify things. Have a look at the video for more clarity on how to use…

 

When you know how little time this takes

Just by talking to clients a little more you can increase your revenue.

Imagine having continuous income after you have sold a product.  Clients keep coming back more and more.  This generates even more revenue week on week, month on month

How to use the chart

  • Just enter your income goal into the top box.
  • This is your yearly amount of money you want from retailing products.
  • 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.
  • A figure will generate to show how easy it is.  As little as just 1 product per client, based on a few facials per week.

The best thing about this chart is that you can play about 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.