Let's get ready to RUMBLE!!!

It's time to stop procrastinating, face your fears, shape up that business, and "knock out" all of your worries.

We're gonna get down and dirty and talk about your bottom line.

1. Do you have a system for inventory control?

If you answered no to this question, you must have thousands of dollars of inventory collecting dust on your shelves. You are spending more on buying retail products than you should be. You should not be spending more than 50% of your total retail sales buying products for retail.

2. Do you know how much money you should be spending monthly buying back bar products in relation to your service sales?

If you are not controlling your back bar spending you better think about raising your prices NOW, especially your chemical service prices. You should not be spending more than 6-8% of your service sales on buying back bar products. These products include colour, peroxide, foils, cotton, perm and relaxing solutions, massage oils, hair/spa products for your staff to use on your guests, etc.

3. Does your salon have a budget?

If you answered no to this question, you can not possibly set service and retail goals for your team because you don't know how much money the business needs to make! You can't plan your marketing because you don't know how much you are able to allocate to advertising and promotions. You can't hire new staff because you honestly don't know if (and what) you can afford to pay them.


To put it simply: If you don't know how much money the business needs to bring in each month to cover your expenses or how much money should be spent in relation to how much is coming in...your business will never ever ever make a profit.

If you would like to know more about cosmetology industry benchmarks (goals for best practices), retail and inventory control, and/or budgeting please call us at 604-314-4981.

"Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy." -Dale Carnegie

Why should you invest in a business consultant?

Wondering why you're so stressed out? Salon owners aren't just salon owners. They are visionaries, managers, coaches, mentors, educators, arbitrators, book keepers, event planners, promotions creators, in-house advertising executives, maintenance and repair (wo)men, sounding boards, merchandisers, customer service representatives, and also often service providers.  

  

Usually when you're at the top you have nowhere to turn for motivation. Who gives you that little nudge you may need to keep you from procrastination? Who do you bounce your ideas off of?  Who provides you with un-biased opinions and advice? Who encourages you to set and achieve goals? Who guides and supports you through change?

As a salon owner you are held accountable to your staff by your staff and held accountable to your customers by your customers. Who is holding you accountable to your business?

Investing in a coach/consultant can mean a big increase in your bottom line. Business consultants are educated in our industry's "best practices". They can clearly communicate ideas that may be derived from complex information and concepts. They help organizations improve their performance through the analysis of existing business problems and assist with the development of strategies for improved operations. They will wear some of your many hats!

Please don't hesitate to call us to schedule your complimentary 1 hour needs analysis. "Stressed" is "Desserts" spelled backwards!
In The Black Salon Business Consulting 604-314-4981