Expenses, budgets, targets, and levels help us with expectations and goals, training and education, coaching sessions, compensation, celebration of wins, group support, and corrective action.
Expenses
We setup our accrued expenses (sales tax), direct expenses (everything it takes to drive sales), indirect expenses (all of the fixed expenses left after direct expenses), and other expenses (bank payments and equipment lease).
If you are a salon owner and have been to The Summit, we can setup their recommended expenses for you.
If you are a salon owner and have been to The Summit, we can setup their recommended expenses for you.
Each budget is tied to monthly gross sales consisting of services and retail. That is allocated to direct expenses (giving us gross profit), indirect expenses (giving us cash flow from operations), other expenses and income (giving us a net cash balance).
If you are a salon owner and have been to The Summit, we can setup their recommended budgets for you.
If you are a salon owner and have been to The Summit, we can setup their recommended budgets for you.
We setup our targets so our employees know what is expected of them... How much? Of what? By when? These targets include total number of guests, number of repeat / requests, number of referrals, prebooks needed from total guests, and total number of services.
If you are a salon owner and have been to The Summit, we can setup their recommended targets for you.
If you are a salon owner and have been to The Summit, we can setup their recommended targets for you.
Levels are the platform that a business owner can stand on with strength, faith, and confidence. Each level comes with an hourly or commission pay increase, but with higher targets. Employees that hit their level targets three months in a row jump to the next level.
If you are a salon owner and have been to The Summit, we can setup their recommended levels for you.
If you are a salon owner and have been to The Summit, we can setup their recommended levels for you.
