It can feel like you are carrying the weight of the world on your shoulders when you are running a business that isn't making any money or is drowning in the pool of debt. Typically salons are opened by talented stylists who have a passion for their trade, a large clientel, and are "sick of raking in the dough for someone else". Unfortunately, it takes more than talent and a loyal following to successfully run a salon.
Running a salon profitably requires dedication, an entrepreneurial spirit, the ability to wear many hats (owner, manager, mentor, service provider, etc), an understanding of business, and a budget.
Do you have a budget? Many salon owners do not. They have no idea how much money is being spent or how much money should be spent. Having a budget and tracking your spending will have a positive impact on your bottom line.
By creating a budget that incorporates benchmarks we are able to dramatically decrease spending and increase profits.
If you're a salon owner who is tired of carrying the weight of the world on your shoulders, give ITB a call. We can help.
