Ohio

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Crash Course on Salon Owner Pay – Neil Ducoff

As the owner of a salon, managing employee payroll is always a top priority. But what about you, the owner? There are many considerations, and many differences of opinion on how an owner should be paid. One thing we know for sure is that owners don’t get to keep all the money that’s left over after service providers are paid. To bring some clarity to owner’s pay, I offer you these strategies…

IN THIS ISSUE:

Best Legal Business Structure for Your Salon – Tina Alberino

What do you consider before you decide the right business structure for your beauty business? Your beauty business’s legal structure will impact how your business is taxed and the degree to which you (and any partners) can be held personally liable. Whether you’re planning on going solo (as a renter, home or mobile salon owner, or on-location freelancer) or opening a full-scale salon, choosing the right legal structure will be one of the most important decisions you make.

Building Trust Collectively as an Industry – Jaime Schrabeck

If talking about money as a beauty professional makes you uncomfortable, be prepared for even more discomfort. That’s because no matter how much you earn, if you fail to comply with the laws regulating your business, you risk more than your financial future. What amount of savings or preparedness will be enough should an inspection of your business operations reveal violations? The resulting fines, penalties and interest could ruin you both personally and professionally.