Money Talks: How to Build a Profitable Beauty Business

Let's get real for a sec. I know that crunching numbers and dealing with finances is not exactly the most exciting thing in the world… I mean, who wants to spend their Friday night looking at spreadsheets, amirite?

But here's the deal - as a beauty business owner, understanding your numbers and tracking your finances is ABSOLUTELY CRUCIAL.

Your owner’s pay comes from the PROFIT of the business. And in order to maximize your profit, you gotta focus on it from the get-go. That means understanding and tracking your finances like a hawk. Trust me, it will be worth it.

And here's a little secret - your behavior around money doesn't magically change the more you make.

Nope, you still gotta be responsible and manage your finances wisely - whether you’re managing $20,000 or $200,000. I know, it's not as fun as spending all your hard-earned cash on lash supplies and a fancy new chair, but it's what separates the successful beauty biz bosses from the ones who struggle.

That’s why in today’s episode, I’m sharing the one thing you must know in order to get more time and money freedom, how to pay yourself by focusing on profit first, and how to get started with tracking your finances.

I get it, dealing with finances can be a negative experience, especially when you don't know what the heck you're doing or are struggling every month to make ends meet. But the good news is that learning how to handle money is a skill that can be LEARNED.

So let's embrace the numbers!! Financial management may not be the sexiest thing, but it's the key to building a successful beauty business.

 

Episode Highlights: 

[6:08] What is profit? [7:45] Your behavior around money does not change the more money you make. [12:42] How you can stop trading your time for money.