188 Know Your Numbers in the Salon Industry.
As a hairdresser, you will be familiar with the numbers on a tube of colour or a bottle of peroxide, but if you don\u2019t understand key performance indicators or profit margin percentages, you are doing yourself and your business a major disservice! \xa0 Hairdressers are known to be good at building relationships and thinking creatively, but within the industry, there is recognition that when it comes to \u2018financial management,\u2019 it\u2019s often our weak spot. This is a generalization, but unfortunately, there is no doubt that it is a big part of the reason why so many salons don\u2019t survive.\xa0 \xa0 This episode explains the importance of knowing your numbers if you want to create a thriving, sustainable salon business (and where you can go to get this financial education!) \xa0 For full show notes, links and resources mentioned visit:\xa0https://growmysalonbusiness.com/podcast/188/\xa0 \xa0 Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated!\xa0 They do matter in the rankings of the show and help other people find my podcast. I also love to hear what\u2019s been helpful and what you love about the podcast!\xa0 Just\xa0click here to review,\xa0scroll to the bottom, tap \u201cRatings and Reviews\u201d tap to rate with 5 stars and \u201cWrite a Review\u201d and let me know what your favourite part of the podcast is. Thank you for your support! And finally, don\u2019t forget to subscribe to the show to get automatic updates. Got a question you want answered on the podcast? DM me your question over on Instagram or just come on over to connect at:\xa0https://www.instagram.com/growmysalonbusiness/