Ooooo good information! On Mar 23, 2011 8:35 PM, "CAT BLUE" <catb...@hotmail.com> wrote: > We had a Salon coach come in and give us these formulas: > Your weekly goal should be 8x your weekly booth rent. ( 150/wk x 8 = > $1200/wk) > divide that by how many days a week you work and that should be your > goal for the day. When you think this way, you start to go faster and > add upgrades and quit giving away free nail art, free soak offs, and > free repairs! > Rent:a 12.5% of your income > Supplies: 10% > Self Employment Tax: 15% > 2 wk vacation pay: 4% > Marketing and Education: 5% > Total Costs per week: 46.5% > Take Home Pay=53.5% > This helps me stay focused and watch all my dollars in and out and I > don't make a deposit untill the end of the week, and whatever is left > after my expenses, I write myself a paycheck. I will have vacay $ > stashed, and also $ for taxes! Also, if you write down on your > schedule exactly how much each person for the day paid you, (whether > you claim it all or not), you will have a clear picture of how much > you are really making and more aware of the cash you spend here and > there and don't include it in your income. We HAVE to start viewing > ourselves as businesswomen and not like this is just for fun, or it > ISN'T worth it. > ALTHOUGH, now that we just found out we are 8wks pregnant(!), my > passion (or obsession) might also be changing...When I work a shorter > week, I can definitely see it in the paycheck. Maybe a place with > cheaper booth rent if you are only working part time. > > > > On Mar 20, 6:26 pm, Lauren Dodson <april392...@yahoo.com> wrote: >> Thanks for all of the answers and thoughts so far. I do love what I do and love >> being my own boss. But I would also love know how to make more money. Is there >> a formula I could follow ie: rent should be a certain % of what you earn, >> supplies etc. Maybe if I knew what the most I should spend a year I could keep >> that goal in check. i spent about $400 on Shellac and the lamp last year and >> brought in an extra $4000. I thought that was worth it. I have only bought some >> of the new colors of the Shellac, instead of getting all of them. Trying to edit >> myself. > > -- > You received this message because you are subscribed to the Google Groups "NailTech" group. > To post to this group, send email to nailtech@googlegroups.com. > To unsubscribe from this group, send email to nailtech+unsubscr...@googlegroups.com. > For more options, visit this group at http://groups.google.com/group/nailtech?hl=en. >
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