Many hair salons are running at a loss and are not even aware of it. Hair salons are usually the fruit of an entrepreneur’s passion and talent related to the industry. Many of these hair professionals don’t hold the same passion for numbers, so generally one of these two scenarios happens on the administration side of the business:

• Business owner operates blindly, evaluating profitability based on a few simple factors and assumptions, but mostly through guesswork and intuition. This is a risky way of managing a business as things can quickly go south. Without the right numbers, it’s easy to be blind to the figures that matter until it’s too late.
• Business owner looks at last year’s P&L and calculates the breakeven point or the minimum revenue required each week to make a profit. This is a reasonable way of putting things into perspective, definitely better than the first one. However, the fault in this method is that last year’s P&L reflects outdated costs and context. A lot can change in a year— the price of rent and utilities can increase, product usage and commissions vary, expenses fluctuate, etc.

Because there are too many pieces in motion, it seems impossible to arrive at the accurate breakeven point that pins exactly where the business stands.

But Brainy makes it possible.

If you’re a hair salon owner tired of guessing if your decisions are financially sound, then Brainy is the perfect fit for you. We recognize the metrics applicable to your business and can help you formulate a pricing strategy to model your growth and profitability in the future based on volume of client demand services utilized.

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