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From Good to Great: How to Increase the Value of Your Salon

good to greatHow well do you know your business? Would you recognize it only by the numbers? You don’t have to be a CPA or a financial guru to calculate the figures driving your bottom line. A very simple POS will generate those numbers quickly. It’s what you do with that information that counts.

Jerry Deveney, V.P. of Business Development with Four Seasons, has perfected a model for dissecting numbers to reveal business development areas and pinpoint proven methods to immediately increase profits. The following questions are used as a starting point to determine opportunities for growth.

How many customers are in your database? How many are active?

How much does each individual spend a year on tanning, lotions, sunless, etc.?

Divide customers into groups spending $25 a year or less, $26-50, $51-75, and $76+. How many are represented in each category?

What is your cost per session?

What is your best-selling package and how many do you have to sell to break even?

These numbers are the lifeblood of your business. While they help gage the current status, it’s what you do with that knowledge that differentiates between a good and a great salon.

If you would like a free business analysis to determine the value of your salon and areas to increase profitability with creative and inexpensive ideas, contact your FS rep today at 1-800-325-2769.

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