7 Things To Put On Your Year-End Salon Financial Checklist

As a salon, clinic, or spa owner, it can be difficult to navigate the world of tax, especially at year-end, when financial reporting and planning are paramount. To help you streamline the process and reduce this stress,  I’ve created this bite-sized, year-end financial checklist, designed to help you organise your taxes coherently and identify where … Continued

Financial Planning Tips for Your Salon, Spa, or Clinic

Next time you are thinking about planning out the financial future of your salon, spa, or clinic, ask this simple question: Do I earn enough money from my business to live the lifestyle I want and to plan my financial future and retirement?* The Importance of Intentional Financial Planning Planning is often overlooked or done … Continued

Pros And Cons of the Main Salon Pay Structures

Choosing the right business model for your salon or spa can be difficult, as there are just so many options to choose from! Even after deciding on a pay structure that suits your business, navigating your way around paying commission can be confusing. I mean, is there a ‘best way’ of paying staff? If so, what would … Continued

When Is It Financially Viable To Step Out From Behind The Chair?

This question comes up all the time, but because it all depends on where you’re at with your business, no answer will ever fit all situations. If, though, you were to be asked about your desire and plans for stepping out from behind the chair, the answer would probably be something like: “never unless I … Continued

7 Tips To Increase Profits In Your Salon Or Spa This Winter

Winter can be one of your busiest times – especially in the run-up to the holiday season. However, it can also mean quiet times when the sales slump in January and February. That’s why in order to increase profits in your salon this winter, now is the time to start planning. To make the most … Continued

11 Ways You Can Raise Money For Your Salon In Ireland

Guest Article by Gloria Murray, Accountant and Director of Murray Associates Accountants It might seem like a good decision to borrow money to fund your new business or expand your existing salon, clinic, or spa. Before you do this, make sure you look at your cashflow. You have to make sure you can make the repayments each … Continued

What Are Salon Cash Flow Projections & How Can They Help?

Salon cash flow predictions. They’re a bit like having a crystal ball: they help you to look into the future and predict if or when you could run out of cash – or even better, have loads of money! For example, imagine it takes four months longer than had planned for you to break even … Continued

What You Need To Know Before Buying An Existing Salon

If you have even the slightest bit of entrepreneurship in you, it is very likely that there will be a time in your hairdresser, stylist or beauty therapist career where you think: “Right, it’s time. I’m ready to run my salon (or spa!).” From there you might decide that opening a salon, clinic, or spa … Continued

How To Get The Most Out Of Your Salon Vouchers

Do you sell vouchers in your salon? If you don’t, you’re missing out on a good way to bring in revenue for your business without depending on the number of slots you have available in any given week. Plus, salon vouchers act as a handy marketing tool for adding value and saying thank you. In saying … Continued