Managing your Salon for Maximum Profit

Managing your Salon for Maximum Profit, available at $69.99, has an average rating of 4.33, with 60 lectures, based on 6 reviews, and has 49 subscribers.

You will learn about They will know what self-employment tax is and how to calculate and pay it They will know what makes a productive salon and how to track and calculate this. They will understand what expenses to keep track of for tax purposes and learn ways to track them. They will learn how to set up a sales tax account, how to calculate it and how to pay it. They will understand the importance of cash flow and how to adjust expenses to best manage cash flow. They will know what they need to have in order to prepare for income taxes. This course is ideal for individuals who are Salon owners or chair renters who manage their own business finances. It is particularly useful for Salon owners or chair renters who manage their own business finances.

Enroll now: Managing your Salon for Maximum Profit

Summary

Title: Managing your Salon for Maximum Profit

Price: $69.99

Average Rating: 4.33

Number of Lectures: 60

Number of Published Lectures: 60

Number of Curriculum Items: 60

Number of Published Curriculum Objects: 60

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

They will know what self-employment tax is and how to calculate and pay it
They will know what makes a productive salon and how to track and calculate this.
They will understand what expenses to keep track of for tax purposes and learn ways to track them.
They will learn how to set up a sales tax account, how to calculate it and how to pay it.
They will understand the importance of cash flow and how to adjust expenses to best manage cash flow.
They will know what they need to have in order to prepare for income taxes.

Who Should Attend

Salon owners or chair renters who manage their own business finances.

Target Audiences

Salon owners or chair renters who manage their own business finances.

Are you ready to run your salon business with profit and ease, right from the start?

Then you need this! Because by simplifying your financial tasks you will work fewer hours and make more profit.

Your one-stop-shop for all things finance, with step-by-step instructions on the how-to, and templates and calculators you can customize for your salon. This will simplify the business finance aspects of opening your salon while showing you how to maximize profits right from the start.

Remove the confusion on what business form to choose and how to set up your business form.
Avoid costly fines, headaches, and time, by knowing what permits you need.
Get a clear understanding of sales tax on retail sales, and how to avoid paying sales tax twice.
Avoid penalties and fines by knowing how to hire help correctly.
Keep more money in your pocket when it comes to income taxes by knowing exactly what to keep track of and how to track it.
Learn how to calculate and use key productivity calculators so you can quickly determine if your salon is operating efficiently for max profit.
Have your very own Max Profit Consultant to help you along the way.
Save time, energy, and money, by having this in one place so you can focus on doing what you love most!

Course Curriculum

Chapter 1: Maximizing your salon's profits.

Lecture 1: 1.1 Welcome to the Salon Max Profit Program.

Lecture 2: 1.1 TEXT: Welcome to my Salon Max Profit program

Lecture 3: 1.2 Welcome to the Salon Max Profit program.

Lecture 4: 1.2 TEXT: Meet your Salon Max Profit Consultant, Jennifer Miles.

Lecture 5: 1.3 Outline and Objectives for the course.

Lecture 6: 1.3 TEXT: Outline and Objectives for the course.

Chapter 2: Legally setting up your business.

Lecture 1: 2.1 Business entities and how to choose the right one for you.

Lecture 2: 2.1 TEXT: Business entities and how to choose the right one for you.

Lecture 3: 2.2 How to legally name and form your business.

Lecture 4: 2.2 TEXT: How to legally name and form your business.

Lecture 5: 2.3 How to get your federal tax ID number.

Lecture 6: 2.3 TEXT: How to get your federal tax ID number.

Chapter 3: The exact licenses and permits you need to open your salon.

Lecture 1: 3.1 Keeping your cosmetology license current.

Lecture 2: 3.1 TEXT: Keeping your cosmetology license current.

Lecture 3: 3.2 Salon Business Operation License and Permits.

Lecture 4: 3.2 TEXT: Salon Business Operation License and Permits.

Lecture 5: 3.3 Certificate of Occupancy.

Lecture 6: 3.3 TEXT: Certificate of Occupancy.

Lecture 7: 3.4 Business Insurance.

Lecture 8: 3.4 TEXT: Business Insurance.

Chapter 4: When and how to pay sales tax on retail sales.

Lecture 1: 4.1 Applying for a retail seller permit.

Lecture 2: 4.1 TEXT: Applying for a retail seller permit.

Lecture 3: 4.2 How to obtain a resale certificate.

Lecture 4: 4.2 TEXT: How to obtain a resale certificate.

Lecture 5: 4.3 When and how to file sales tax.

Lecture 6: 4.3 TEXT: When and how to file sales tax.

Chapter 5: The correct way to hire employees and contractors.

Lecture 1: 5.1 Properly classifying an employee and contractor.

Lecture 2: 5.1 TEXT: Properly classifying an employee and contractor.

Lecture 3: 5.2 Filing requirements for hiring employees.

Lecture 4: 5.2 TEXT: Filing requirements for hiring employees.

Lecture 5: 5.3 Filing requirements for hiring contractors.

Lecture 6: 5.3 TEXT: Filing requirements for hiring contractors.

Chapter 6: 6. How to calculate productivity.

Lecture 1: 6.1 What is salon productivity.

Lecture 2: 6.1 TEXT: What is salon productivity.

Lecture 3: 6.2 What areas to focus on to measure productivity.

Lecture 4: 6.2 TEXT: What areas to focus on to measure productivity.

Lecture 5: 6.3 How to increase productivity.

Lecture 6: 6.3 TEXT: How to increase productivity.

Chapter 7: 7. Managing inventory to increase cash flow.

Lecture 1: 7.1 The benefits of managing inventory properly.

Lecture 2: 7.1 TEXT: The benefits of managing inventory properly.

Lecture 3: 7.2 How to manage inventory.

Lecture 4: 7.2 TEXT: How to manage inventory.

Chapter 8: 8. Exactly what expenses to track and how to track them.

Lecture 1: 8.1 Make bookkeeping a priority.

Lecture 2: 8.1 TEXT: Make bookkeeping a priority.

Lecture 3: 8.2 How to track income and expenses for your salon.

Lecture 4: 8.2 TEXT: How to track income and expenses for your salon.

Lecture 5: 8.3 Exactly what expenses to track for your salon.

Lecture 6: 8.3 TEXT: Exactly what expenses to track for your salon.

Chapter 9: 9. Taxes (Yikes!), don't worry, it's not as scary as it sounds.

Lecture 1: 9.1 How to properly pay yourself.

Lecture 2: 9.1 TEXT: How to properly pay yourself.

Lecture 3: 9.2 Paying self-employment tax.

Lecture 4: 9.2 TEXT: Paying self-employment tax.

Lecture 5: 9.3 How to prepare for income taxes.

Lecture 6: 9.3 TEXT: How to prepare for income taxes.

Chapter 10: 10. Wrap up: What to expect your first year in finances.

Lecture 1: 10.1 Review your salon financial goals.

Lecture 2: 10.1 TEXT: Review your salon financial goals.

Lecture 3: 10.2 Wrapping up your first year.

Lecture 4: 10.2 TEXT: Wrapping up your first year.

Lecture 5: 10.3 Recap & Resources. (every link included in this course)

Lecture 6: 10.3 TEXT: Recap & Resources. (every link included in this course)

Instructors

Jennifer Miles
Business Accounting Specialist

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Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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