Are you tired of working long hours but still struggling to make ends meet? The average salon owner's income is a mere $40,069 per year, which equates to a disappointing hourly wage. But what if we told you that doesn't have to be your reality? Join us, Jen Booth and Lindsay Lowe, as we uncover the strategies that can boost your salon's income. We're going to bust open the beauty industry's closely guarded secrets – from dissecting wages to implementing cash injections and mastering profit and loss statements, we promise to equip you with the knowledge needed to empower your financial decisions.
How can maintaining an efficient inventory system give you the upper hand? It's time you found out. Step into our world as we spotlight the benefits of tools like Salon Scale and Vish, showing you how to accurately charge for product usage and separate parts and labor costs. We'll also delve into the importance of comprehending the wage structure within your salon - a crucial aspect often overlooked that could lead to substantial coaching opportunities for your team members. So, buckle up as we embark on this journey to elevate your income and transform your salon into a successful, profitable business.
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