Neil Ducoff is the founder and CEO of Strategies, a business training and coaching company specializing in the salon and spa industry. Ducoff’s newest book, No-Compromise Leadership, is published by DC Press and is available at www.amazon.com.
Gratuities cause hassles for owners. You have to pay taxes and credit card processing fees on tips and you have to distribute them to the team. Strategies' Neil Ducoff shows you what a no-tipping salon looks like, and what you need to do to get there.
When you earn net profit, you know you're winning the game, and your Profit and Loss statement is your scorecard. Strategies' Neil Ducoff walks you through analyzing your net profit.
As an owner or leader, do you feel like you're pushing against the tide? Burnout is common for the owners of salons, spas, barbershops and medspas, but Strategies' Neil Ducoff is here to give you 5 strategies to break free of burnout and prevent it from happening again.
The way to win at the salon ownership game is by clearly managing the money. Strategies' Neil Ducoff shares six guidelines to help you make more money in your salon, spa or barbershop.
Recruiting talent to help you grow into the future has always been a challenge, but it's even harder now with the tight labor market. Strategies' Neil Ducoff shares seven recruitment factors to reevaluate to strengthen your efforts.
The perfect storm to boost salon/spa service pricing is upon us, says Strategies Neil Ducoff--and not a dollar or two, but a significant price increase. Find out why.
In a recent post to SALON TODAY's LinkedIn page, reader Joann Lefebvre posted the following question: "Any ideas on how to handle commissioned employees when a salon/spa offers promotional pricing for services and products?" I couldn't resist the opportunity to join the online dialog to talk about the benefits of team-based pay.
2009 will be remembered as the year the rules of business changed. The year began with the economy in the throws of the worst global recession on record. Business leaders were being pummeled by one ugly piece of economic news after another. Unemployment was soaring, financial institutions were crashing, automakers were on life support, and the government was doling out bailout and stimulous money like Halloween candy. Simply put, consumers and businesses alike initiated a lock-down on spending.