Money and cash flow are the biggest causes of stress, frustration and lost sleep for salon and spa owners. Given how essential cash is, both for the business and personally for the owner, it’s critical to get a handle on it. Here are three of my high-level tips for getting a handle on the money situation for your business
In this episode:
Know your numbers
Make the Profit and Loss your new best friend
The 3 areas to focus on with your Profit and Loss statement
Make your cash count - are all your treatment options profitable?
Take time out for critical thinking
Where is the cash coming from in the business?
How are we talking to our clients?
Let’s Talk About Money Honey