Salon Management

Why Your Salon is Losing $30K+ a Year & What to do About it

It’s a major shock to any business to realize that they may be hemorrhaging even the slightest amount of cash, let alone into five figures. Every entrepreneur has the potential of paying too much for operating costs, and the salon industry is certainly no different. Between rising fuel costs and stalled supply lines for everything from cleaning supplies to hair color to the perceptual increases in insurance, rent, utilities, etc., you end up paying more for everything it takes to run your salon. But that’s still not it.

The strain on your business is more of an opportunity cost, where circumstances prevent you or your team from earning money. We’re talking about the industry’s dirty little secret: cancellations and no-shows. And it’s a growing problem that has the potential of financially hurting your business.

By Rosy