The 10 Quickest Ways To Financial Freedom For Your Salon or Spa

Are you up to your eyeballs in debt?
Do you wonder what your budgets are or should be?
Are you consumed with the thought of….will there be enough money at the end of the month?
Are you living paycheck to paycheck?
Do you want to be financially FREE?

If you answered yes to any of these questions and are ready to do what it takes to get to financial freedom then read on!

Often times we set goals for how we want our businesses to grow and how much money we want the business to produce. Ultimately, unless we are financially responsible in all areas we will not obtain the resources to have the successes we so desire. One begets the other.

Over 70% of all salons in our industry are not profitable! What this tells me is that 70% of all people in our industry are not financially free. The first step to financial freedom is to take responsibility for the fact that you caused the circumstance you are in. The second step is to set parameters. Before you can do that you have to first know where you stand financially.

1) Get committed to financial freedom
2) Get your financial house in order
3) Cancel unnecessary credit cards
4) Pay yourself first! (Invest something! Even if its 3% of income or $5 a day start somewhere!)
5) Consolidate debt
6) Chuck it up! Each month pay as much as you can to reduce debt!
7) Track it! For the next 30 days write down everything you spend your money on.
8) Begin the 24-hour wait game. If you want something now, force yourself to wait 24 hours before you purchase. 9 times out of 10 you’ll wake up and realize that you don’t really need it! This helps to eliminate unnecessary purchases.
9) Reward yourself when you hit milestones!
10) If you need help, get it!