Tag results for > Profit

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Calculate your costs per minute

To define your pricing in the best possible way you need to take 3 things into consideration. The required lowest price based ...

Calculate your profit

As soon as you know your annual or monthly running costs (material, overall and employee costs, including salon owners wage), yo ...

Calculate your running costs

The following 3 cost elements are important to define as accurately as possible to generate a rough calculation of how your turn ...

Create a retail environment

Research shows that up to 1/3 of shoppers decide NOT to buy a product due to frustration and confusion when faced with cluttered ...

Display material

  Display material comes in many forms. Product companies such as Schwarzkopf Professional constantly produces many items to ...

Don’t forget to schedule your goals

"Vision without action is a daydream. Action without vision is a nightmare." (Japanese proverb) You may feel you've achieved yo ...

Do’s and don’ts for a successful sale

DO'S Display a variety of styling and finish products at each work station Keep a record of all recommendations made to eac ...

Financing a new salon

The more to the point and accurate the figures are the bigger the chance of preventing any unexpected surprises or payment probl ...

How much capital will I need?

Do I have enough capital to survive the launch phase? Financial plans are often calculated far too optimistically and your own r ...

Introduction to salon finances

Most salon owners are also hairdressers and so have made the transition from an employee working in someone else's salon to havi ...

Paying Tax: Outlining the basics

Tax for the self-employed Self-employed people pay tax on their business profits, not on what they pay themselves. Profit equal ...

Selling is easy if you know how

  As part of your salon routine, it is important to ensure all team members have comprehensive product knowledge. Product com ...

Target profit by retailing

The average client expects a salon professional to advise on products they can use at home and appreciates your professional adv ...

Target setting and goal management

A desire for excellence in performance is not the same as a commitment to excellence. An inspiring way to reach your business go ...

VAT: How it works

Once your business turnover reaches a certain level, you will have to register for VAT. This means that whenever you buy or sell ...

What are the monthly costs of running the salon?

Your most important building block is a thorough planning of the costs you will incur and the income required to cover those cos ...

What are the opportunities/advantages?

Having your own salon has many advantages and provides you with many opportunities! You are your own boss and are doing things t ...

What are the risks/disadvantages?

Your venture of setting up your own business requires planning! Only if you know your plan intimately, can you repeatedly adapt ...

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