Let’s get serious

Okay, let’s get serious because here’s the reality; the hairdressing industry is in a state of flux, big brands are chasing every penny from every possible avenue, whilst salons are trying to hang on to what little is left after their daily, weekly, monthly, annual outgoings.

Looking at the fixed costs can be a scary realisation for many salon owners, because (even the busiest of) salons are seeing their expenditure going up and up whilst the bottom line goes down and down.

There are things that salon owners can do to help the business become more profitable.

1. Product costs – what are you currently paying for a tube of colour and are you getting VFM from it? Does your supplier support you with education and promotional activities?
2. Product costs – what retail brands are you carrying and are they flying off the shelves or just gathering ‘expensive’ dust? Are your retail products available anywhere and everywhere at discounted prices?
3. Product costs – what do spend annually on towels and the laundering of them, and is it proving to be cost effective? Had you ever considered disposable towels, better for your bottom line and better for the environment.
4. Product costs – are you getting support with your backbar products or are you paying full price for them? This should be negotiated with your supplier.
5. Product costs – what are you spending on sundries (gloves etc) each month? The hidden costs that are forgotten about as you dash down to the local wholesaler.
6. Hand held terminals – do you know what your costs are per transaction and looked at alternatives? The variation in costs per transactions could potentially save you thousands of pounds annually.
7. Energy costs – do you stay with your currently provider because it’s easy or have you taken time to check out what other companies offer? This is something that should be looked at frequently to make surer you are always getting the very best deal.
8. Rent V Mortgage – are you renting at exorbitant monthly costs or have you ever considered a property with a mortgage? The biggest challenge and the best move you could make, property is always a good investment.

Now I’m not, and don’t profess to be a financial whizkid, because I’m absolutely not. However I can say with total confidence that looking at a different product supplier could save your salon huge amounts each and every day; and as the big boys continue their migration, there are companies behind them who offer products that are as good, if not better, at more realistic price points and with much better customer service – YOU BEING THEIR CUSTOMER! If you want to know more, drop a DM and I can put you in touch.

There are, thank goodness, business orientated companies that are out there helping salons with all the additional costs and ways to get better deals. If you want to know more, drop a DM and I can put you in touch.

You and your business – Let’s get serious, because your salon deserves it, so do your team, and so do your clients.

#ProForPro #SalonPro #LetsGetSerious