From Passion to Profit - Turning Your Salon/Spa into a Money Maker

You've heard the phrase, "Do what you love and the money will follow." I am certainly a fan of this premise, however if taken to naively it could become a disaster.

If you are a salon or spa start up, or are already running your own business, then in common with many salon/spa business owners is a love or passion for industry. A love for all things beautiful and a love for nurturing and caring for people. But turning that passion into a profitable business requires more then just a desire; it requires, knowledge, business savvy and an ability to execute.

All to often as a Salon & Spa Business Coach, I see people mortgage out their home or take on serious debt to open the Salon or Spa or their dreams. Hundreds of thousands of dollars will be spent on building out some of the most attractive spaces, and acquiring the best equipment, only for these businesses to never turn a profit and eventually fail.

So, how do you take all of that energy - desire - passion, and make that equal a comfortable living? I think the answer to that is simple in theory, and hard for many to execute and deliver on. So the next time you’re lying awake in bed, thinking about your business and wondering, “Should I go on?” ask yourself the following questions:

1) Are you willing to spend the same amount of time and energy you spent (or will spend) on designing and decorating your place as you will on learning how to be a smart entrepreneur?

2) Will you do what it takes to train, study and learn from the best? (Study from others who have went before you and now are successful)

3) Will you have the perseverance when things are not running as you planned to be able to look at things objectively and course correct?

4) Will you be smart enough to admit you don't know everything and get help?

If you answered yes, to all of the above, then the chances of turning your passion into profit will be much more likely for you. If you answered no to any of the above, I suggest you rethink just how passionate you are about obtaining a profitable business.

Turning a passion into profit will demand a lot from you - But if you are willing to put the time and energy into it - you'll come out on top.

Labor Unions and the Salon Industry

The so-called Employee Free Choice Act, also known as "Card Check", is likely the biggest legislative threat you've never heard of.

The nation's labor unions are aggressively pushing a far-reaching and radical agenda to, in its own words, "take back the economy." Headlining the agenda is legislation to make it cheaper, faster and easier to unionize Main Street businesses and small retail establishments. (read more)