Financial Alchemy for Salon Profitability

Over 90% of salons in the U.S. are not profitable. So, why have fewer than 10% unlocked the secrets to financial success? Salon profitability is a delicate combination that is part art and part science. Come and get the formulas, tools, and disciplines that you need to set you on the path of financial mastery! You will learn: · Pricing strategies to ensure profitable margins · How to set benchmarks and track performance with KPIs, dashboards, and management reports · How to calculate your start-up and operating capital needs · How to calculate win-win salary and commission structures · How to create and maintain a budget for inventory, payroll, and general expenses · How to manage and move inventory to increase your bottom line without tying up excess cash · How to create and read your break-even analysis · How to generate 2-year financial projections · The significance of Financial statements and how to read them (P&L, BS, CF) · How to monitor your salon's vital signs using financial ''healthcheck'' tools. $69 (lunch included)