beautybusinessguide
Jul 22
192
1.01%
They're cute and they handle business.
They have plans to provide for themselves so they don't have to work til they're 80 and they can take time off without falling behind.
These are not crazy things to expect from your business, they're just the bare minimum.
How do you do this?
For time off, you need to know you gross revenue goals and you set the for 50 weeks instead of 52. Then you'll be able to make what you need to take 2 weeks off.
For retirement, you generally need to save what amounts to a percentage of your income. When you work for a corporation, many times they match whatever you put in.
It usually caps at 5% match so that would equate to to 10% between the 2.
If you're income goals is 100k, you'd need to save 10k per year or about $834 per month and work with a financial advisor to invest it.
For both of these amounts, you'll have to learn your numbers.
I make this so crazy easy in my Hairstylist University interactive virtual course that comes with my Personal Budget Boot camp that helps you with income and retirement goals as well as a full Business Analysis and planning package that will give you the numbers you need to structure your pricing, schedule and budgets 🙌
The first class starts August 15th with materials going put at the end of July.
Visit the link in my Bio for more info ⬆️
beautybusinessguide
Jul 22
192
1.01%
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