Episode #048: What it really costs to be a booth renter or salon owner
Most stylists and salon owners fully underestimate the cost to run the business. Want the real numbers?
You might be tracking your finances in your business, but how do you really know if you’re on budget? Did you create your budget yourself or are you sure you’re running based on profitable guidelines? This week I share the real numbers and the real hard facts about your profit potential.
Hi-lights you won't want to miss:
>>>(3:00)-A big mistake that many people starting a business are making
>>>(3:21)-The real deal on budgets
>>>(6:50)-My suggested booth renter’s budget
>>>(8:34)-An expense that often gets overlooked, but should be viewed as an investment
>>>(12:13)-The real numbers you need to know
>>>(14:12)-What a commission-based salon budget should look like
>>>(20:46)-Where is a salon owner should consider when setting a budget
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