Inventory is fun! Said, no one ever. While it is one of the biggest pain points for a salon or spa owner, it is a necessary evil that can have detrimental effects on your business if managed improperly. Here are some tips and tricks to best manage your salon or spa inventory.
Get this free guide to start leading a culture that retains clients and increases revenue. Your front desk can do so much more than answer phones. If trained correctly, your front desk has the potential to generate additional revenue by increasing your average ticket. Creating a culture that is focused on maximizing profit at the front desk can be done through up-selling, cross-selling and add-on services. This guide provides industry-proven dialogue to get your team started.
Salon Muse and Blow Dry Lounge in Louisville, Kentucky was getting close to closing its doors when owner Angela Nunn sought help from Summit Salon Business Center. Together they steadied the salon's cash flow, calmed its turnover, boosted sales by 90 percent, paid off the loan and gained a loyal staff. See how.
Strategies responds to the compensation needs of employee-based salons and spas with a two-day conference in San Antonio, Texas on October 15-16, 2017. New this year will be sessions specifically for service providers where staff members will share their experiences working in a Team-Based Pay salon.
Two Chicago salons are gaining recognition for pricing based on hair length rather than gender. The system has proven to be not only socially impactful, but also business savvy.
Learn 10 important ways to improve your salon profit and keep your business from losing money.
Did you know the IRS MANDATORY COMPLIANCE for the Affordable Care Act (Obamacare) is just around the corner? Salons with 50 + full time equivalent employees must provide a 1095 form to each employee by March 2, 2017. If you are a part owner in other businesses, these employees count too! Learn how to do this easily here.
The amount of education that is offered at the International Salon and Spa Expo (ISSE) is better than ever this year. Along with professional education classes in hair, nails, skin and business, there will be a number of stage presentations featuring the biggest names in beauty.
Meet the 2017 Salon Today 200 honorees in the field of Planned Profitability. By predicting and planning fo profit and keeping a vigilant watch over expenses, these owners are building sustainable salons and spas that stand strong without relying on their income as service providers.
You’re at the top of your professional game. You have clients who love you, and you have a solid vision of where you want to go, career-wise. But you find yourself constantly wondering… Could there be something more? It might just be time to make a move –– time to go out and become an owner.
Earlier this week, MODERN SALON MEDIA hosted the first HAIR+ Summit in Atlanta, offering stylists and salon owners the opportunity to dive deep into the causes of thinning hair and hair loss, while exploring the many solutions available for their clients who suffer from hair loss issues. Find out what happened each day at the event and learn who was there by browsing through our pictures.
In addition to being necessary for securing a business loan, a business plan also provides the outline you’ll need to operate (or improve) your business and to provide a long-term game plan. Here we provide a template and break down each component of a strong business plan.