Entrepreneurs worldwide are well aware that managing a business is never a walk in the park, and having a business in the beauty industry is even more challenging. For instance, a challenge that salon owners deal with is maintaining income. To make a profit, you need to maintain consistent income flow. You have to earn the required amount of money by keeping track of your expenses and prioritizing quality, so your salon business can thrive.
The truth is salon businesses are saturated in many cities and regions. Competition is fierce, which is why many struggle to keep their heads above water.
If you’ve noticed that your company has been in the red for the past few months, you’ll need to take action immediately. Don’t worry—you don’t have to lay off staff or move to a cheaper space. Here are some tips you can follow to save money for your salon business:
Invest In High-Quality Supplies And Buy In Volumes
One of the essential elements that a salon must do to retain customers is to never compromise on quality. You should always invest in high-quality supplies, but an effective way to lower costs is to buy them in larger volumes. However, some supplies are used more quickly than others, so taking note of these products is essential. It can be advantageous to buy these items in bulk to save money.
You can browse the best page or check out other reliable sources to find quality supplies your salon business needs. The key is to compare prices from several suppliers and go for the one that sells authentic products with a discount for bulk orders.
Make sure the stock prices are competitive. Don’t be afraid to haggle and negotiate a better deal with your suppliers.
The great thing about buying in bulk is that you get discounted prices for each product and save on shipping costs as well. However, before making your final decision, verify the products’ expiration dates.
Set Goals
Setting goals and managing your finances is another strategy that will help you save. Having goals is like following a roadmap to success. Goals allow you to check and evaluate your operations every now and then. No matter what changes and decisions are needed, you can review your goals.
You need a sufficient budget for operating expenses monthly. Manage all your overhead expenses and see to it that your revenues exceed all costs, such as rent, equipment, supplies, and payroll. You can use accounting software or, better yet, hire an accountant or bookkeeper to manage your cash flows and monitor your operating costs.
Go Digital On Your Payments
You’ll get to save a lot of money by using payment solutions. Plus, you’ll stay ahead of your competition. So, if you haven’t yet, now’s the time. Shift to online payment gateways instead of using manual invoicing and collections.
Search for financial technology providers that offer competitive rates. Compare their fees and choose a fintech provider with user-friendly and secure payment portals. Be wary of new developers whose platforms may not be established yet. It’s best to avoid working with them since you might encounter problems with your customers’ payments.
Manage Your Inventory Effectively
In addition to going digital, you need to manage your inventory effectively. Here’s how you can do this:
Order on a budget:
Understand your finances by reviewing your books and taking note of how much you spend every month and year. Ideally, you should spend 5 to 10% of your service income. Order according to the percentage of sales, so you can stay within budget.
Don’t buy supplies on impulse, as this will only leave you short on cash for products you might need. What you can do is divide your budget inventory into two parts. 20% of your products’ budget goes to retail while 5 to 10% goes to back bar products. This will give you a clear idea of where your business expenses go.
Audit your inventory:
Auditing your inventory will help you see where your money goes and what products are used and find errors in financial reports and inventory records. It can even help you realize changes in your expenses. So, if you notice there’s an increase in costs, you can make necessary adjustments.
Use a salon inventory management software:
With a system that centralizes all your information, you’ll be able to check how much of your inventory has been used, how much is left on your shelf, and what this is costing you. What’s more, you can use the software to download order forms based on the products you’ve used.
Analyze Your Data And Numbers
Conventionally, your accountants are in charge of reviewing your books and writing reports to provide insights into your numbers. As a business owner, you should take the time to study their reports. By analyzing them, you’ll make better decisions for your salon business.
Analyze your business’ performance realistically. Whether you refer to accounting books or use software, it’s crucial to set KPIs and analyze those data to identify the things you can change. For example, you should take note of the cancelled appointments every month, absences of staff, and other crucial data that may impact your monthly expenses.
Conclusion
If you’re struggling to grow your salon business, don’t lose heart. There are ways to save your business, and one of those is to cut costs. Follow these tips, and you’ll run your salon finances like a boss.
Rare C Serum features a highly bio-available form of Vitamin C, which strengthens collagen, brightens the complexion and, as an added bonus, reduces the appearance of pore size by 20% in 4 weeks as tested! Regular use of Rare C Serum will promote supremely radiant, strong and youthful looking skin.
BENEFITS:
Balances, evens, and brightens skin tone.
Reduces appearance of fine lines, wrinkles, and pores.
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Working in a spa, hairdresser, or beauty salon means doing so much more than just your actual job. So often, you become a sympathetic ear, a therapist, a sounding board, or a life coach. What you do is so important, and you can help your clients in so many ways.
Your clients are coming to you as part of their self-care routine, whether they realize it or not. But part of self-care is believing in yourself. And this means that you need to believe in yourself too. Your job may demand that you give a lot, but it’s important to keep the faith and make your own self-care a priority too.
Understand Why People Lose Faith in Themselves
The first step to stopping self-doubt is to work out why it’s happening.
There are many reasons, but the most common include:
Letting fear hold you back
Encountering obstacles you don’t think you can overcome
Failing at something
It’s often the case that not one thing or one instance results in a loss of self-belief. It’s more a series of events or interactions that knock you down little by little.
The fact that it can happen so slowly sometimes makes it hard to spot. This makes it hard to counteract. But there are several ways that you can find faith in yourself again:
Change The Way You Talk To And About Yourself
When we’re in a negative frame of mind, it’s so easy to belittle yourself. Even a self-deprecating joke to a client can impact your self-esteem when you’re on shaky ground emotionally.
If you can’t be your own cheerleader and tell yourself that you are worthy of great things, then no one else is going to do it for you. It’s so important to work on the words you use to describe yourself and give them a positive spin.
You also need to talk sternly to the little voice inside of you that says you can’t do something or you’ll never be good enough. Studies have shown that a positive inner monologue will immediately reframe the way you see things and help you to improve the way you respond to situations.
Build Trust With Yourself
Trust isn’t something that you only have with other people. You also need to trust your own mind and body, and know that you can achieve things that you set out to do.
It works the same way as trusting another person. If you trust someone, you know that they’ll be able to do something, you can be honest and comfortable with them, and you can rely on them. If you trust yourself, you know you can rely on yourself and you can be comfortable in your own skin.
The reason we stop trusting ourselves is because we regularly let ourselves down. How often have you promised to start a diet and then fallen off the wagon after day one? Or promised that in the New Year you will make time once a month to have a massage rather than give one, and then forget to get one in January?
To change this, start making promises about small things that you know you can and will follow through with. It can be as simple as setting your alarm for 15 minutes earlier so you aren’t rushed for work anymore. From here, you can build confidence and trust with yourself again.
Remember It’s OK To Be Uncomfortable
While being comfortable with yourself is the goal, you sometimes have to get uncomfortable to do it. Part of losing self-belief can come from getting stuck in a rut – doing the same thing day after day, year after year. If you never challenge yourself, you can fool yourself into believing that you can’t do anything different or exciting.
A big part of the process of regaining your self-belief is to try new things. This means you have to push yourself outside of your comfort zone. Yes, you could experience some failures or setbacks along the way. However, you’ll never learn what you’re capable of if you don’t even try.
Learn To Move Forward From Failure
Speaking of failures, they’re a major cause of losing belief in yourself. However, they can also be something positive if you look at them the right way.
The key is to not take a failure as a sign that you’re useless or you’ll never be able to do something more. Instead, failure is an opportunity to learn. Remember tip one about reframing how you see things and how you speak about yourself?
For example, say you want to pick up a new hobby and to begin with you’re no good at it. You may see others around you doing it perfectly or picking up the skills far quicker than you. This doesn’t mean you’re useless. It simply means you take longer to learn the skills or that this particular hobby isn’t for you.
Celebrate The Victories – Big And Small
On the flip side of learning from mistakes, it’s as important for your self-esteem to celebrate your victories. This is as true for something as small as getting comfortable with waking up that extra 15 minutes early as it is for getting a promotion at work or exhibiting your new hobby to the public.
Taking time to acknowledge when you’ve done something well will set up a positive feedback look in your brain, encouraging you to keep going and proving to yourself that you aren’t useless.
At the end of each week or each month, set aside a little bit of time to look at what you’ve done in that period. You’ll often find that there are things you can celebrate, no matter how small.
It’s All About Acknowledging Who You Truly Are
Regaining a loss of self-belief is not an easy task, especially when you work in an industry that requires endless self-confidence and interpersonal interactions.
The key is to start with an honest conversation with yourself, acknowledge who you are, and set up goals that work for you. Make time for pampering yourself too, and embrace all the elements of self-care.
When you get this right, you can even share your insights with your clients and help them to look and feel their best too.
Photo by Andrea Piacquadio: https://www.pexels.com/photo/photo-of-woman-looking-at-the-mirror-774866/
The environment should be of utmost importance to all of us, and while each one of us can’t fix the world, we can start with our own homes. These are just a few simple changes you can make to live more sustainably and protect the planet when we need it most.
Recycle
It is important to recycle and reduce our carbon emissions. Recycling not only reduces clutter from our homes but also makes it easier for businesses who specialize in recycling to turn items into new products or use them for another purpose. Reducing carbon emissions has been shown to positively affect biodiversity, improve public health, and lessen climate change impacts such as air pollution.
Use Water Filtration Systems
Water filtration is a great way to remove water pollutants and reduce the amount of water you use. For example, water filtration systems, such as Berkey Water Filters, can purify drinking water, which is then used to make drinks or food instead of other hard-to-clean containers like bottled water. In addition, these filters are more effective than other filters, such as reverse osmosis and rain barrels. Get a Berkey water filter system for use in your home today.
Reduce Our Water Consumption
It is important to reduce our water consumption. For example, it is recommended not to flush toilet paper or plastic waste down the toilet. Using less water for lawns and aquatic life is also recommended because of the issues with agriculture and contamination from agricultural runoff. It has also been proven that reducing our water consumption can increase crop productivity and decrease food prices due to the increased availability of water for irrigation and the decrease in fuel for things such as transporting farm products.
Use Less Electricity And Gas
It is important to use less electricity and gas. For example, unplugging your appliances when not in use can help save electricity and gas. Reducing the amount of electricity you use can also help lower your electric bill. Using renewable power such as solar power is also a way to reduce carbon emissions and water pollution due to reducing the need for fossil fuels. In addition, using off-the-grid power such as solar panels can also give you more control over your energy usage because they are independent of utility companies.
Reduce Waste Output
It is important to reduce our waste output by reusing items or buying items that are reusable instead of one-time use. There are various ways to reuse items, such as using an old coffee cup for your plants, reusing jars for storing food, using old shirts and curtains for new ones, and bringing reusable grocery bags to your grocery store instead of plastic bags. Reusable purchasing items can also help to reduce waste since you are not buying multiple things such as disposable plates and utensils.
Plant Trees and Contribute To Conservation Programs
It is important to plant trees and contribute to conservation programs that help to plant or conserve trees. For example, the US Forest Service has launched a campaign called America’s National Forest where they ask for your help planting 25 million trees over the next decade. For those who can’t grow or plant our trees, we can donate money to charities or research institutions dealing with forest conservation.
Avoid Using Plastic Bags
It is important not to use plastic bags when shopping. For example, one million plastic bags are used every minute worldwide. In addition, $4 billion are spent on water treatment each year due to plastic clogging sewer systems and animals choking on plastics which leads to death in many cases. Plus, the chemicals used to make plastic bags do not biodegrade and can potentially harm our environment.
Minimize the Use of Pesticides
It is important to reduce our use of pesticides and try to minimize our insect populations by using natural methods such as insect repellents. In addition, it has been proven that it is possible to reduce the amount of pesticides used in agriculture and raise awareness about alternative ways of growing food; these methods still help the ecosystem by preventing pest damage and cheating crop yields.
In conclusion, there are many ways that we as individuals can help the planet by engaging in environmentally friendly practices. These practices not only help the planet but also provide a huge benefit to us. The more we all do for the planet, the cleaner it will be for all living things and long after we are gone.
These are some of how we can engage in environmentally friendly practices that not only help the Earth but also provide a huge benefit to us. The water filtration system is a relatively easy way to help fight pollution and improve the quality of your drinking water. They work by removing contaminants from your home’s water supply, such as chlorine, bacteria and pesticides. However, a water filter is only helpful if the water you are using it on is contaminated.
Allan chats with Beth Bialko and Gerald Perlas from Dermalogica! They cover AI, meta human and what that will bring to skin care, what the future holds, how it helps us age gracefully, skin care management.
We also covered Face Mapping which used to be called skin analysis, why doing a Face Reading is so critical and how it uses ancient Chinese medicine in a modern setting.
Whole body wellness is related to numerous lifestyle factors and mindful choices. Each client comes to their health coach with personal goals, such as growing stronger or losing weight sustainably. Understanding each contributing component equips health experts to address their client’s needs and concerns. Some factors are commonly influential and they can be carefully optimized to improve a client’s health. Think about the following factors that influence physical wellness.
1. Nutrition
Eating a well-rounded diet is essential for any health improvement plan. Clients benefit from nutritional tips, guidelines, and accessible menu ideas. Personalized supplements address nutritional needs as part of what is the Thrive experience for clients. Tailor a meal plan to the person’s activity level and fitness goals.
2. Hydration
There is no replacement for water. Encourage your clients to stay hydrated so that they can keep moving forward and bypass the effects of dehydration. This is essential for maintaining alertness and skin texture. Electrolyte powders can be dissolved in water to support intense workouts.
3. Mobility and Balance
Maintaining mobility and balance is an indicator of longevity. This can be tested at home by standing up from a seat on the floor without using your hands. Studies show that keeping this skill intact correlates with better health as people age.
4. Exercise
Help your clients to transition from a sedentary lifestyle to one filled with exercise. Aim for at least 30 to 60 minutes of moderate exercise every day. Provide your clients with a list of workout options and discuss their preferences. This can include weight lifting, running, cycling, swimming, pilates, vinyasa yoga, rock climbing, and more.
5. Sleep
People of all ages need quality sleep to rest and recover. This is when many physical healing processes occur. Ideally, your clients would sleep for about eight hours every night. Implement a sleep schedule and encourage clients to limit exposure to blue light from mobile devices in the evening.
6. Breathing
Teach simple breathing exercises to calm the nervous system and improve circulation. This grounding practice can help people to relax and avoid pain medications.
7. Stress
Heavy stress can result in physical symptoms, such as headaches and unintentional weight changes. Significant stress has been linked to lower immunity. Help clients to manage their major stressors through discussions and coping tools.
8. Illness Prevention
Preventing illness is important for staying on track and reducing health complications. Regular health screenings and proactive measures are part of any complete wellness plan.
9. Injury Prevention
Ease into any new exercise routine and be particularly cognizant of high-impact workouts. Use resistance bands for stabilizing exercises and stretch regularly.
10. Healthy Habits
Physical wellness is a reflection of a person’s predispositions and lifestyle variables. Healthy habits can help to feel a sense of control or direction as a client builds momentum towards total wellness. Suggest habits like active hobbies, daily nature walks, and standing up to move during TV commercial breaks. The small steps add up over time.
11. Time Outdoors
Getting outside is key for encouraging movement and breathing fresh air. People who walk or ride their bikes for local errands tend to be healthier than those who jump in the car for every outing. Consider taking clients on a guided hike or suggest a city bike tour to spark interest beyond the comfort of home.
12. Social Activities
Living in a community with friends and family can be beneficial for whole body wellness. Encourage clients to become involved in shared activities that will hold them accountable. The mental boost of social connection can reduce emotional stress that impacts physical health, too.
Your guidance is the key to better health for enthusiastic clients.
When you are stressed out with your work or family situation and still have not decided what to do with those free days this summer, it is a good idea to visit a spa. You probably feel like you need a moment of peace and relaxation, and a spa resort can offer you this luxurious feeling, as well as make you feel rejuvenated and happy.
Still, many people wonder whether a visit to a spa is not a waste of time and money. Well, unlike a beach vacation, a trip to a spa is quick and affordable and will give you the same amount of relaxation along with many more benefits. For instance, it can work wonders for your mental health, as it helps you unwind entirely and forget about your everyday problems.
So, if you are still skeptical about the concept of visiting a spa, the benefits presented below may change your mind!
It Can Rejuvenate the Skin
The skin is a pretty important part of the body. It helps you stay healthy by protecting you from various bacteria and viruses. It is also affected by the weather and harmful ultraviolet radiation from the sun, among other things. Because of that, you should take care of your skin and give it all the nutrients it needs. The most efficient way to do this is by visiting a spa resort.
The majority of spa resorts have a special place for skin care, where you can find a variety of treatments designed to rejuvenate your skin and make it look more youthful and fresh. For instance, massage therapy can help improve circulation and reduce the appearance of wrinkles by promoting collagen production. In addition, skin care professionals working at a spa should be able to give you some excellent tips for skin care with superior deals.
It Can Help You Detox
Toxins from household cleaning products, pollution, processed foods such as sweets, and stress can cause many health issues that can be prevented by detoxification. The body is naturally equipped with the tools it needs to remove toxic waste, but due to a busy lifestyle and unhealthy habits, people are not giving their bodies the time to do so. Luckily, a visit to a spa resort, especially one that offers a detox program, will help you do just that by allowing you to take a break from your busy routine and give your body the time and the right conditions to detoxify.
It Can Reduce Stress Levels
Nowadays, our fast-paced society is constantly bombarded with stressors that can affect our physical and mental health. Obviously, stress is the enemy of your health, something that can lead to depression and other serious health problems. It is also one of the main causes of premature aging. So, how can a spa help you deal with stress?
Spa resorts are equipped with all the modern technology you need to feel comfortable and relaxed. A day in the spa will be a day of total relaxation, during which you will be able to forget about your problems and enjoy a moment of complete peace. Some treatments that will be available to you might include body wraps, mud baths, sauna, steam baths, massages, and facials, all of which are bound to help you relax. As a result, a day at the spa might end up being one of the most relaxing moments of your life.
It Can Improve Your Mental Health
Last but not least, a quick trip to a spa should be able to improve your mental health. Why is that the case? Well, most spas focus on creating a unique atmosphere of peace and quiet. It can easily be done through the use of warm lighting, calming music, and interior decor that is all about calming colors and plants. On top of that, the people working at a spa are meant to treat you with respect and kindness, which can really add to any resort’s vibe. As a result, visiting a spa might help you forget about your everyday problems and make you feel energized and refreshed, which can have a huge positive impact on your mental health.
In Conclusion
As you can see, visiting a spa has many benefits and is a great way to relax and destress. It can also help you deal with skin problems and decrease the visibility of wrinkles and improve your mental health, among other things.
However, in order to enjoy a spa visit to the fullest, you will need to find the right resort, as well as make sure that the people working at that resort are experienced professionals. That way, you can be certain that you get value for money. Now, what are you waiting for? Visit a spa as soon as possible. You will not regret it!
The Metrics That Will Best Help You Analyze Your Spa’s Performance
It’s important to understand why spa KPIs (Key Performance Indicators) matter. As the old adage says: you manage what you measure. We need to clearly identify what metrics mean the most for our spas, then set goals, and actively monitor. If the results start to veer away from desired outcomes, then it’s time to take action to improve your business. Tracking the right KPIs gives you a more practical and meaningful way to measure success, so you can make the most of your time and money — two of your most precious assets.
Our vast experience within the spa industry has led us to believe the following KPIs are the best factors to measure, specifically for your spa business.
Hotel Guest Capture Rate For Treatments
A percentage calculated by the Total Spa Guests / Total Hotel Guests
This reveals how many of the guests in the hotel saw the value in visiting the spa. These hotel guests booked an appointment for a spa day and committed time on their trip to wellness and self-care. The higher this number, the more relevant your spa is to the hotel.
Revenue Per Treatment
An average calculated by the Total Revenue / Total Number Of Treatments
This describes the revenue each treatment is contributing to the total profit of your spa business. By learning more about this KPI, you can easily refine your menu to increase the overall profitability of your treatment offerings.
Revenue Per Guest
An average calculated by the Total Revenue / Total Number Of Guests
This discloses the average spend per guest and helps determine the relevancy of your treatment offerings and retail inventory, as well as whether or not adding new treatments or retail products will result in new revenue.
Treatment Room Occupancy
A percentage calculated by the Total Treatment Hours / Total Treatment Room Hours Available
This shows you the total usage of your treatment rooms and whether or not your spa is operating at full capacity.
Number Of Treatments Per Guest
An average calculated by the Total Treatments Sold / Total Amount Of Spa Guests
This brings to light how many treatments each guest books during their spa day, an important figure used to evaluate the average spend per guest to help identify opportunities for up-selling and cross-selling services.
Treatment Room RevPAR
An average calculated by the Total Number Of Treatment Rooms Available / Total Revenue
This provides a glimpse into the number of rooms booked at your spa and how much revenue is being generated from those bookings, allowing you to evaluate your overall revenue management strategy and how to maximize the revenue generated per room. If the RevPAR of your spa is increasing, it must mean your average booking rate or occupancy rate is increasing!
Payroll Cost
An average calculated by the Service Providers’ Wages / Total Revenue
This uncovers the true cost of the payroll process to help identify any areas where you can reduce expenses, such as overtime paid out to employees.
Productivity
A percentage calculated by the Total Number Of Employees / Total Revenue
This represents how busy service providers are during scheduled business hours. To improve productivity and reach your staff’s optimal output, ensure your team is well versed in your products, services, and specialties. This knowledge can help lead to a more productive team that can both answer client questions and steer them in the direction of their favorite products or services.
Retail Sales
An average calculated by the Retail Sales / Total Sales
This tells you how much product is being sold inside your spa, and therefore, whether or not you’re curating the right inventory for your clients, or if you need to train staff on efficient sales techniques and product knowledge, or if you should provide more incentives to sell.
Transient Guests vs. Local Guest Capture
A percentage calculated by the Number of Non-Hotel Guests / Total Spa Guests
This measures the relevancy of your spa to guests who are not staying at the hotel. It can also indicate how irrelevant your spa is to the hotel guests.
Conclusion
KPIs are undoubtedly one of the most important management tools in your tool kit. Understanding what they are and how they affect the profitability and success of your spa operation is absolutely crucial.
KPIs tell a story and paint a picture of the current situation whether positive or negative: they can highlight areas where you need to drive revenue, possibly with an additional promotion or offer; they can identify training issues within the team; and they can also bring to the fore areas of your business that are just not working and need to be changed. Now more than ever, spas need to identify KPIs and set business goals for their employees as they improve and adapt for a thriving future. Spa KPIs are beacons for the team to aim towards and can stretch the spa’s results well past the average. Are you ready to learn how we can help your spa grow into a booming success? Reach out to us and book a discovery call.
PureWild Co, the Ojai, California based company that makes clean marine collagen drinks and collagen infused wines, has finalized a collagen supplement formula created specifically for women with breast cancer, autoimmune diseases and osteoporosis.
Founder Cindy Convery worked with oncologists and nutritionists to create a daily supplement that blends certified nonGMO wild marine collagen with super vitamin C to maximize absorption for bone, skin and hair health. Breast cancer and autoimmune disease patients suffer from weakened skin and hair, along with potential bone loss due to the treatments and medications for those diseases. PureWild’s supplements are the first to market that are formulated specifically for these consumers.
PureWild Co. has partnered with the Susan G. Komen Foundation and the National Breast Cancer Foundation to increase awareness for the supplements. As part of PureWild’s charity program the company will donate a monthly supplement subscription to a woman in need for every three subscriptions sold. Supplements will be available for sale directly through the website and launch this October as part of Breast Cancer Awareness month.
“Our drinks and wines are selling well across the country but not at a rate to fund the supplement development and production process. We decided to launch an equity fund on Start Engine to help us reach the funding we need to finalized the supplement productions” said Cindy. “I worked with Start Engine to create low level investment tiers starting at under $200 so that anyone who wants to support our mission is able to help.”
Our mantra is Connect the Community, which is why membership in our associations has no charge for those actively practicing the pursuit of Wellness. Nationally and Internationally, all are welcome to join.
