Admittedly, Roxanne struggled with self-discipline, which is critical for the entrepreneurial-style beauty industry. Without setting clear expectations for managing her time and budget, Roxanne slipped into an attitude of showing up and filling her quota card for hair cuts, perms, colors, shampoos, and more, with little thought to how much money she was making, what her supplies cost, or how she could reinvest her earnings.
Drill of Math for National Exam - Vocational School Non Technical Program
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Hair stylists, nail technicians, estheticians, and barbers with a desire to succeed financially need to look beyond the hourly wage offered by most salons, day spas, resorts, and even medical offices. Setting goals for tips ("I'll have to do XYZ to earn at least a 20 percent tip on every hairstyle"), selling product ("My goal is to be the top seller every month"), and reinvesting revenues into marketing and promotional materials (business cards, brochures, websites), are tools that will take any emerging stylist or skin care consultant to the next level.
Other financial considerations include, in some cases, booth rental fees at the salon, whether the stylist provides his/her own products or tools, and how to account to the IRS for income earned as an independent contractor.
Most importantly, however, is that students at hair styling institutes or beauty academies in general, develop not only their artistic talents, but also their aptitude for business.