Management Practices

The Money Puzzle

Stacey Soble | April 6, 2012 | 1:52 PM


It’s a simple fact of business. For almost every decision you make in your business, there’s a money factor involved. And for every dollar you choose to spend in one area of your business, that’s one dollar less available to the other areas of your business. Ultimately, as the owner, it’s your job to make those tough calls, those hard decisions. And, ironically, at the end of the day, your scorecard, or your salon’s profitability, also will be reflected in dollar signs.

Fortunately, you’re not alone. To help you trim costs, grow sales and boost your scorecard, SALON TODAY invited 12 experts to answer your toughest questions about a variety of areas of salon management. By putting these different perspectives together, and adapting them to your own situation, you’ll be on your way to solving the money puzzle.

The Money Puzzle:

Inventory Control
Credit Card Processing
Liability Insurance
Alternative Retail
Tax Advice
Finding Financing
Lease Negotiations
Color Management
Managing for Profitability
Social Media

Facebook Comments

More from Management Practices

Management Practices
Management Practices

Dos and Don’ts When Communicating with Upset Guests

July 31, 2018

They say the key to every great relationship is communication – and handling a guest complaint is no different. It’s not ideal to have to communicate with an upset guest, yet we’ve all been there and it’s likely we’ll be there again someday. Here are the dos and don’ts to keep in mind to help you successfully communicate with upset guests.

Management Practices @vanessapalstylist cutting a precision bob hairstyle. 
Management Practices

SALON TODAY RECOMMENDS: Strategies for In-Salon Education & Minimizing Stylist Turnover

Lauren Salapatek | May 4, 2018

What kind of continuing education do you have at your salon? Are you inspiring your employees to reach their full potential? This month Aveda Means Business covers topics from in-salon education to minimizing stylist turnover. Learn some ways on how to attract stylists who are passionate about the business and who will fit in with your salon’s culture.

Management Practices Sponsored by L'Oréal Professionnel

OWNER TO OWNER: The David Rios Salons’ Secrets to Providing 5-Star European Service for the Country’s Most Demanding Clients

May 2, 2018

Many of the country’s most brilliant, talented and powerful people live and work in the Georgetown neighborhood of Washington, D.C. They’re politicians, diplomats, attorneys. Also professors and students at the nation’s top universities. So, if you’re servicing these people in your salon, you had better be at the very top of your game.

Load More