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Cut down on expenses
- Create a plan on how you purchase your supplies
- Consistent
- Look at your bank statements
- What auto pay and reoccurring payments are you making?
- What can you cancel that is not growing your business
- If you have 10 Apps or memberships that costing you around $15 each you could be loosing 4150 monthly or $1800 yearly
Where can you increase your tickets
- Retail
- Run an offer Buy 2 save 50% on your 3rd
- Not trading time for money
- If 20 clients bought shampoo and conditioner for $50 Retail sales of $1000 or $500 profit
Color
- Refresh ends $30 and you saw 20 clients $600
Add-on services Treatment
- $20 Treatment 50 clients a month $1000 ($2 per treatment + 5 minutes)
- $15 waxing service on 20 clients $300. (Your cost $2 per guest)
Keep in mind
- Prepare for a rainy day
- Focus on budget
- Fixed expenses
- Variable expenses
- Focus on goals and target revenue
- Invest in what can increase your revenue (is it in budget)
- Retail
- Add on services
