9 min listen
SMME #296 Understanding What You Can Afford in Your Spa
SMME #296 Understanding What You Can Afford in Your Spa
ratings:
Length:
16 minutes
Released:
Sep 12, 2022
Format:
Podcast episode
Description
From how much you should pay yourself to how much you can realistically pay your team (and continue to grow that team sustainably), there are a lot of factors that go into understanding the full financial picture of your spa. In this week’s episode of Spa Marketing Made Easy, I’m sharing a breakdown of how to assess and allocate the money you have coming in and going out so that your spa can not just survive now, but thrive in the long-term to meet your bigger dreams and vision. In this episode, you’ll learn: How to make financial decisions through the lens of understanding what our businesses can currently afford Why I use the Profit First method and the specific breakdown I recommend for spas to follow What factors you need to consider when it comes to your personal and lifestyle goals and how they impact the financial choices you make in your business How getting a strong grasp of your spa’s financials allows you to understand what you can afford in the now and future cast that into meeting your bigger future vision To read the full show notes for this episode, visit: http://www.addoaesthetics.com/blog/296 Keep the conversation going inside the Spa Marketing Made Easy Community by clicking here.
Released:
Sep 12, 2022
Format:
Podcast episode
Titles in the series (100)
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