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85% of Salons are Losing Money

85% SALONS.re of Losing Money The salon industry is expected to increase by 23% within the next 4 years. However, most salons are not making a profit. Below are reasons why your business may not be doing well and an easy cost effective way to help your salon thrive. Salon sales make up more than $40 More growth means more competition. billion How will you compete for the profits? annually Reality of new salon ownership ము new salons open every hour salons close every week Salon Şalon SALON 18 5% 10% Closed Closed months of salons run at Average lifespan of a new salon before it closes of salons cover a profit their running costs About 85% of salons are losing money Factors that contribute to salon failure • High staff turnover • Booth rental issues • A growing gap between hairdressers & salon • Lack of a Management System Poor management & leadership skills • Apathy and denial owners Don't just try to stay afloat, rise to the top! Introduce a Point-of-Sale System to your business! Оpen for Business A Point-of-Sale (POS) system can help reduce managing costs by up to Average total startup cost $100,000+ 34.5% Multi-functional POS System Can Help Salon Owners... • Easily schedule appointments with a 3-touch booking system. • Track your employees' hours, compensation and productivity. • Increase your bottom-line, through automated email and text message marketing. • Manage clients and check history with the touch of a button. • Run and review over 100 reports which can be emailed and printed. Features to consider in a POS system: User-Friendliness The Affordable Pricing Complete Package Superior Customer Care Robust Reporting Innovative Solution Data Safe Availability Keeping Quality Hardware Using a Point-of-Sale System effectively can grow your business by 18.9% Sources Hairdresser Career Development Systems » Blog Archive » Why Are So Many Hair Salons Failing.webarchive Has your salon pricing doomed you to fail Salon Success Clubhouse.webarchive NAILSbb12-13stats 2012_Economic_Snapshot_Salon_Industry SBDCNet - SBDC Clearinghouse Find out More IS TouchSuite 105 Inc.5 o Don't just survive, Thrive. FAST T ECH www.touchsuite.com 800.793.3250

85% of Salons are Losing Money

shared by NormaMedley on Nov 25
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The salon industry is expected to grow considerably as the population increases, causing a rise in demand within the beauty sector. However, most salons are not making profit. Below are reasons why ...

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