PLUS: Nail Business Guide + NailsBiz Financial Calculator

1. Nail Business Guide – Beauty Salon Business Guide

Reached the point in your career where books are full and your services cannot meet demand? Don’t know where to start and how to plan? It may be a good time to expand your business and hire a team! Unlock the fundamentals to building a thriving beauty business with “Nail Business Guide”. This straightforward guide is your go-to resource for mastering the fundamental principles and requirements of the beauty industry business. Get down to business with finance, operations, and customer relations. Dive deep into the foundational principles of business marketing, hiring process, employment types, managing and training employees. Whether you’re planning to open a spa or manage existing salon, this guide provides the tools you need to cultivate a resilient and profitable beauty business.

Learn how to:

• Initiate the planning process
• Develop an authentic business name.
• Form your business legally
• Supplementary documentation for Nail Salon Operations.
• Locating an optimal facility and Determining Size.
• Understanding the distinctions between W2 and 1099.
• Pros and Cons of hourly and commission based employment.
• Hiring Process and employment contract
• Interviews, perfect candidates and onboarding.
• Training new team members.
• Fostering motivation and implementing employee promotion strategies.
• Your responsibilities as a beauty business owner.

2. BeautyBiz Financial Calculator – Know your numbers!

“The first main reason businesses fail is that the people running them don’t fully understand their finances.” 

Important aspect to run and expend your business is to have a financial plan and know your numbers. Expanding a business is not a mere leap of faith; it’s a calculated step that demands a deep understanding of your financial landscape, otherwise you may end up with negative profit where cost to run your business is higher than what you take home.

Let’s play out a common scenario:

Your business is booming, and you’re ready to take it to the next level. You realize that you need more room to work, more hands to help, and more services and products to offer. But, there’s a twist – you need to be smart about it. This is where the financial plan comes in.

To start, you need to figure out the minimum amount of technicians you must hire. Will they be paid hourly or commission based? That’s the payroll part. You also need to decide how much to charge for services offered in your establishment and any extra things you sell, like products. You have to plan out how much you’ll earn, how much you’ll spend, and how much you’ll have left over.

Nail Business Financial Calculator * – is a dynamic Google Spreadsheet tool where you can calculate your financial plan in a matter of minutes, developed specifically for beauty industry with pre-defined set of beauty business expanses, pre-calculated employment tax and cost of Payroll and many more. This financial plan is your guide to turning your booming business into a bigger success for you.

* Please note, tool require active gmail account and basic knowledge of Google Spreadsheet.