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[1.2] Time Is Money: How to Make Lost Revenue in Your Salon a Thing of the Past

You know what sucks? Booking a four hour block of time for a color correction client, only to have that client “forget” the appointment or cancel at the last minute. How often does this happen to you? Have you ever calculated how much these losses are costing you?

I have performed these calculations for many salon owners and can say with complete confidence that no appointment-based salon can afford to operate without cancellation policies. You’ll hear it said that no-shows are the single highest cause of lost revenue in the salon, and—while I doubt anyone has performed a nationwide investigation to inform that conclusion—in my experience, there is certainly a lot of truth to it.

No-shows, last-minute service downgrades, and late-cancellations are damned expensive.

Have you ever thought about where cancellations and no-shows come from? What makes clients believe it’s okay to reserve a professional’s time and then treat it as if it’s worthless?

You’re probably not going to like what I have to say, but we only have ourselves to blame. In this episode (and this post, if you’re into reading), I’ll tell you exactly why that’s true and how to stop it once and for all.

In this podcast, I also introduce the new downloadable–The Policy Creation & Enforcement Pack. You can check that out here.

January 2017
January 2017
[1.2] Time Is Money: How to Make Lost Revenue in Your Salon a Thing of the Past
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THE COMPENSATION AND PRICING MEGAKIT

Stop pulling your prices off your competitor’s brochures—or worse—out of thin air. Get the beauty industry’s most comprehensive and accurate pricing and compensation calculation tool and get profitable today!

THE MICROSALON OWNER’S COMPLETE BUSINESS TOOLKIT

A wealth of information and tools for self-employed professionals! If you rent a booth or suite, operate a home facility, or freelance, you can’t afford to go without The Microsalon Owner’s Complete Business Toolkit.

THE SALON LANDLORD’S TOOLKIT

Do you rent space to beauty professionals? The Salon Landlord’s Toolkit contains a comprehensive guide to rental salon ownership, a rent calculator, and a lease component checklist!

THE SALON OWNER’S EMPLOYEE ONBOARDING KIT

Everything a salon owner needs to know about how to attract, recruit, train, and retain top talent—including how to design job descriptions, compelling employment ads, and fair employment agreements.

THE POLICY CREATION AND ENFORCEMENT PACK

A 55-page PDF with everything you need to understand why certain policies may be required, who should and shouldn’t implement them, and when and how to introduce them in your salon.

THE SALON EMPLOYEE SUITCASE

The Salon Employee Suitcase makes income tracking simple, no matter how complicated your employer’s compensation structure is. Learn your rights and ensure every paycheck adds up.

THE EDUCATOR’S PRICING PLAYGROUND

Planning to start a beauty school or host classes? Account for your overhead costs and will automatically calculate your prices! Test different price points to evaluate your profits per term and per year.

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