In the ever-changing world of hair and beauty, there are always decisions to be made. New treatments, new products and new technology enter the market on a seemingly never-ending carousel - and it’s your job to decide which of them (if any) can make a positive impact on your bottom line.
Managing a hair or beauty salon, you should be well used to investing in new modern treatments, technology and products - changing your offer on a regular basis to keep clients coming through the door.
Running the financial side of a business isn’t easy. Let’s be honest, if it was - there probably wouldn’t be any need for us accountants!
That said, we see a lot of common mistakes made by hair and beauty salons that can be easily eradicated.
We promised more blog posts for hair and beauty salon owners, so today we’re looking at the financial implications of the popular ‘rent-a-chair’ model.