Improving your salon suite business


Below is a list of numbers that you need to keep track of in order to improve your salon suite business

1) GROSS INCOME

According to Modern Salon magazine, your income is the single most important measurement of a business’s success. Your gross income tells you how much you made all year but It doesn’t stop at knowing how much you have made. It’s important to assess this data to know where your money is coming from. How much did you get from

*Services

  • cuts

  • color

  • extensions

  • etc

*Tips *Retail

2) EXPENSES

How much did you spend this year? and on what? This is another number to be mindful of. The more money you spend, the less you will be able to take home. We can’t escape paying rent, buying product and supplies, phone bill and other necessities but it is easy to get carried away with inessential purchases. Sometimes spending more is necessary (for a long-term investment, product package, initial investment, etc) but it’s important to be mindful of how beneficial the purchase is.