We're back for season 2 of The Lounge by The Skyn Distillery and we are excited for all that we have to share! First up, let's start our year with a to do list to get your business on track! In order to grow and start fresh for 2023, you should be setting yourself up for success rather than flying by the seat of your pants! Here are some ideas to start out with:
1. TAXES -
- Set up a call with your tax accountant in January/February to go through what you need to set aside for this year.
- Start pulling all your data on expenses, profit, etc. for your meeting.
- If you don't have a tax accountant and a financial planner, get one! Mel uses Forethought Planning in Wayzata, MN.
2. REVENUE GOALS -
- Hold yourself accountable/ know what you need to make if you are not making goals for yourself.
- Give yourself a dollar amount to hit monthly and a dollar amount for the end of year! This kind of keeps you motivated and accountable.
- Ask yourself these questions: Do I need to raise prices? Do I want to take on more clients or services? Can I sell more retail to not have to work physically as much? How can I reduce expenses to have a higher profit?
3. CLEAN YOUR [ESTHI] ROOM -
- Start with a clean slate and reduce clutter.
- Toss out old [skincare] products that are in the back bar that are expired, toss out old towels or sheets, toss out any old tools or equipment that doesn't work for you anymore, restock and organize the disposables, deep clean your towel cabby, your steamer run with vinegar, and wash the floors. Resell anything in good shape.
4. INVEST IN YOURSELF AND BUSINESS -
- Block out time to take an education course, product training with a skincare line you work with, backend business stuff, etc. Whatever you're feeling you need inspiration or help with.
- We recommend finding that thing now so you can block it on your calendar! You can choose to actually travel and attend something out of state, choose something local, or even find something virtual if traveling is out of the question.
- Associated Skincare Professionals has an awesome 2023 list if interested in seeing some travel options and we'll include in the details section of this episode. https://www.ascpskincare.com/trade-shows-and-events
5. MAKING TIME FOR YOURSELF AKA ME TIME! -
- In order to avoid burnout you need to actually be intentional and block specific time for yourself.
- Booking a Trip or a couple trips for the year now, or at least just blocking the week off from your work schedule.
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