8 Budgeting Basics to Keep Your Salon Out of Debt

“The first step in sticking to a budget is pretty obvious: having one,” states Neil Ducoff and his team at Strategies. It’s based on estimated expenses and sales projections for a specific period of time. Most people have personal versions; though a business budget is more complex, the concept remains the same, and they are alike in many ways. Here are eight tips to prevent your salon from slipping into debt, whether you are a practiced and disciplined budgeter, or just looking at the numbers for the first time.   1. Spending Record all of the salon’s expenses, including...