2. Keep an account of deadlines. Basically, have a detailed timeline. For example, plan out dates for a ribbon-cutting ceremony. Know when you should send out an email to existing customers with your new address and other pertinent details. Know when to update your SEO and online listings with the new address. Know when to have your signage and promotional material updated. and so on… (we’re working on a planning resource for you…stay tuned)
3. Get really comfortable with technology and automation. Automating repetitive tasks will not only make you more productive but it will also help ease the stress during expansion. If in front of your POS is a piece of paper asking for emails…it’s time to embrace technology! Streamlining your processes while integrating technology will help propel your business to the next level!
We want to help you re-imagine your business expansion strategy.
1. Costs of Supplies – We do not want you to sacrifice quality for price. But, we want you to research and negotiate your prices with your vendors. It’s a highly equitable relationship and there maybe some flexibility on behalf of the supplier.
2. Salon Overhead & Expenses – We all get busy. So busy that you may be missing ballooning expenses.
Here are a few expenses we’d like for you to review before 2020:
3. Reduce expenses by becoming more efficient. Technology and automation can play a vital role in saving money while simultaneously increasing productivity. Be open to integrating technology into your salon operations
“If your business is applying for working capital, chances are you might be overwhelmed by the different financing options. Two of the most notable products, merchant cash advances (mca) and small business loans, can be beneficial to small business owners. Still, it’s important that you fully understand these products – especially their differences. After all, you don’t want to spend time applying for financing that isn’t the right fit for your business!
In this post, we’ll review the differences between business loans and cash advances. Hopefully, this will help you can determine which option will help your business.
What Are the Differences Between Cash Advances and Small Business Loans
Qualifications and Application Process:
The differences between loans and merchant funding start with the application process and prerequisites.”