” Work hard to take your business and team to a higher level.”
In today’s tough economy improving the growth and profitability of your business, should be a high priority.
You can no longer afford to just hope that your business is going to grow with out effort.
As leader of your team it is your responsibility to take your business and staff to a higher level of excellence.
Your staff’s livelihood depends on your decision making efforts in growing and making your business more profitable and fulfilling, not only for yourself, but also present opportunities for the people that work for you.
The following business tips will help you in taking your business and your team to the next level.
Review 2010 — review your profit and loss statement, did you make a profit in 2010? Was it enough? If not, what are you going to do about it?
One place to start is to review your operating expenses, and start cutting wasted overhead expenses.
I urge you to review your profit and loss statement very carefully, numbers don’t lie and is your real score card.
You may want to evaluate your business and leadership skills. Are you taking advantage of all your legal business tax deductions?
Are you evaluating staff performance and productivity of each team member? Are they contributing to the growth of your business? Perhaps you may want to evaluate their customer referral rate.
These are just some of the positive steps you can take in evaluating your business and its future.
Goal Setting — clearly define your goals for 2011. Divide your goals into personal, professional, and financial goals, they are all related.If you don’t have a plan or road map to follow you’ll just drift aimlessly.
The bottom line is planning what will make you happy as a salon owner. Just right down random goals then prioritizes them.
Get Help — especially in the area of developing powerful business management skills so you can learn to work smarter, not harder. Don’t try to learn these skills by trial and error. Learn from people with real world experiences. Help is available. As a fellow salon owner with 43 years of hard won experiences I certainly understand your business and educational needs. Go to my web site for all my tweets , weekly blogs, newsletters, educational seminars, and educational resources.
I formed Hairdresser Career Development Systems to help guide you in these difficult times. You don’t need to fight the many challenges in alone anymore, help is available.
There are other fine educational resources available to you as well.
Market and Promote Your Business — hire local college students to help you develop the powerful benefits of social media. Face book, twitter, you tube, linked in and others, offer fantastic cost effective ways to increase salon traffic cost effectively.
Your own web site will also be helpful as well
I urge you to develop strong marketing and advertising skills so you don’t waste your advertising expenditures, making sure you measure your results.
Educate Your Team — invest in your salons greatest profit potential — educate your team. If you can show your team how to double and triple their income, you will double and triple profits.
I am pleased to announce my upcoming business management schedule for salon owners click here for full details, and personal growth success seminars for hairdressers are now confirmed for Toronto,Edmonton,Orlando, and Palm Springs. Click here for complete details.
2011 will be a challenging year for salon owners and hairdressers, I urge all of you to renew your passion and seek out on going education. When the going gets tough, the tough get going.