My staff cannot hit 3x wage help!
Are you a busy salon but wonder where all the money disappears to?
Do you find that once you pay your bills there’s nothing left?
You might even pray at the end of the month you have enough money left over to pay for everything and not get caught out.
I know how stressful it is waiting and praying that you have enough money in the bank to cover everything.
Some months sweating and checking the last few days’ appointments hoping no-one cancels and takings remain strong.
It’s been very close on occasions, too close.
One of the main reasons that there isn’t enough money at the end of the month is that the staff are productive enough.
They could seem busy, even look like they are booked out, but this is where you need to investigate first.
Staff must be productive for you to make a profit.
Your wage bill will be the biggest bill your salon has. It has the ability to make you more profits if you get this right, but also, on the flip side, it can steal all your profits if you get this wrong.
You must help your staff hit 3x wage You will first need to figure out what this amount is [hour wage x 3] x [hours in a week] = 3x wage goal. How close are your team members to this figure?
If they are over this amount, then GREAT if not, then you’ll need to know where you need to focus your attention.
There are two numbers that make up the takings.
How many clients do they see?
How much does the client spends.
If your average spending is low, then you need more appointments.
If your average bill is high, you will need less.
Don’t fall into the trap of having a low average bill and giving clients lots of time.
This is unproductive. Help your staff hit this important goal by getting these numbers right.
If you need help making this happen, feel free to book an appointment with me.
Lets chat
Richard