Aug 15, 2018
In this six-part series, Neil Ducoff from Strategies focuses in on the 6 most important business outcomes and topics each and every owner must embrace, understand and execute against in their business each and every day. In this second episode in the series, Neil discusses the importance of profitability and cash reserves. He encourages owners to consistently monitor the business vital signs in order to stay in control of the financial health of the salon/spa business. Neil reminds us to look at our service and retail revenue and expenses regularly, evaluate our P & L statement, why profit isn't cash and how important it is to avoid the credit card trap.