Great hair, exceptional service, and loyal clients are important, but they aren’t enough to build a successful salon. Every thriving salon is backed by an owner who understands the numbers behind the business. Financial literacy…
Let’s be honest. Tip reporting can be one of the most uncomfortable conversations in a salon. Many stylists see it as a tax issue, while salon owners often feel caught between maintaining compliance and preserving…
The holiday season is one of the biggest revenue opportunities for salons. Keep in mind that success starts long before the rush begins, and the holiday season will be here before you know it! Before…
As a salon owner with employees, here are the 3 key things you need to remember about tip deductions and reporting: Tip compliance is more than a payroll issue. It’s an employment law and tax…
Whether you’re helping a child get started, supporting family, or simply being generous, gifting can be a powerful financial tool…when done right! The good news? The IRS gives you plenty of flexibility. The annual gift…
At some point in every salon owner’s journey, there comes a moment to step back and ask, ‘What does the next chapter look like for me?’ For some, that moment comes when retirement is on…
In the beauty industry, it’s easy to measure success by a packed schedule. When your chair is full, your team is busy, and the calendar is booked weeks out, it feels like everything is working…
Why Retail Matters More Than You ThinkService revenue is limited by time. There are only so many appointments you can book in a day. Retail, on the other hand, allows you to increase revenue without…
The U.S. beauty and wellness industry is facing a serious threat from a proposed rule under consideration by the U.S. Department of Education, one that could unintentionally dismantle the primary pathway into careers like cosmetology,…
Atomic HabitsBook by Author James Clear If you’re looking for renewed motivation, the book Atomic Habits by James Clear may be just what you need. This book has been read by many at our firm,…
