New Year Resolutions for 2017 — A New Beginning!
I do hope that all of you enjoyed a Very Merry Xmas and Happy New Year.
Now that the holiday season is behind us, let us plan and prepare for a new and successful year for your salon and team.
2017 is expected to be a difficult and challenging year for both hairdressers and salon owners, due to an uncertain economy and rising business costs.
There will be a lot of doom and gloom, especially during the first 3 months of the year.
Despite the doom and gloom I feel 2017 can be a great year for those of you who are well informed and determined to take your team and your salon to a higher level. Adversity always presents fantastic money making opportunities for well managed salons and driven entrepreneurs.
Your attitude towards adversity will determine your own success or failure. Tough times always present fantastic business opportunities by separating winners from losers. You will win because the majority of people will be in denial, always looking for excuses to fail because it requires hard work,new thinking, an open mind, and effort. You will probably win by default.
Here are Some Business Tips to follow:
Review Your Profit and Loss Statement — review your past year. Did you really make a profit in 2015, and did you reach and exceed your business goals? If not what is your plan to turn it around? One of the easiest ways to improve profits is to review and cut your overhead expenses. Numbers don’t lie. Your profit and loss statement is your score card.
Planning and Setting New Goals for 2016 — After you define your goals, separate your goals into business goals, personal goals, and financial goals, then prioritize. Develop a plan of action on how to make your 2016 goals a reality.
Down Time — if your salon and staff are experiencing too much down time; use this time for education, designing your marketing strategy, improving your business skills, and bonding with your staff and customers.
Review the Past Performance of Your Staff — Did your staff perform and exceed your expectations? Find ways to improve staff performance and productivity. Start your new year with a one on one pep talk with each of your staff,letting them know you appreciate their hard work and loyalty. This will also be a good time to help your team set their goals as well.
Measure Your Strengths and Weaknesses — read my salon owner’s quiz found in my book Developing Your Skills. Click here
Time Management — the easiest way to find more time is to organize your business so you can manage your business instead of your business managing you.
Plan Your Marketing Strategy for 2016 — how will you keep your loyal clientele and attract new customers cost effectively? Review my book on Growing Your Business. Click here
Staff Challenges? — is your team performing up to your expectations? If not identify and confront the problem or person before the situation gets out of control. Review your hiring practices and your educational training programs.
Staff Recruitment — develop a comprehensive staff development program so you have more choices when adding a new member to your team. My book Creating Your Salon offers a staff development model for you. Click here.
Training and Education — invest in your salon’s greatest profit potential —invest in educating your team. Education is a great deterrent to client retention.
although the year 2017 will be a very challenging year, i see windows of opportunities for high end well managed salons, I urge you to take advantage of my all day business seminar schedule scheduled for May 21-2, 2017, in Las Vegas, Nevada. I will be releasing the details after the holidays. Make your plans now, seating will be limited!
Please review my affordable educational resources on my home page; they are designed to help you meet the growing challenges of salon ownership with confidence. Click here.