by Jennifer Kenny
Calling all Solopreneurs, Independent Hairstylists and Salon Suite Owners and independent beauty professionals - Inspiration, Information and actionable tips to help you grow your business behind and beyond the chair, and consciously create your best and most abundant life.
Language
🇺🇲
Publishing Since
9/15/2019
Email Addresses
1 available
Phone Numbers
0 available
March 28, 2025
Host, beauty business educator and entrepreneur, Stephanie Berman, discusses her late ADHD and autism diagnosis and how it shapes her professional life as a hairstylist.
October 3, 2024
<p>In this episode of the Independent Stylist podcast, host <a href="https://jenniferkenny.mykajabi.com/" rel="ugc noopener noreferrer" target="_blank"><strong>Jennifer Kenny </strong></a>discusses the importance of understanding profitability for business owners in the beauty industry. </p> <p><br /></p> <p>She emphasizes the need for financial literacy and outlines the three key profit margins:</p> <p><br /></p> <ul> <li>Cost of Goods Sold (COGS)</li> <li>Operating Profit Margin</li> <li>Net Profit Margin</li> </ul> <p><br /></p> <p>Jennifer also highlights the benefits of using QuickBooks to track these metrics and make informed decisions about pricing and services.</p> <p><br /></p> <p><strong>To Book A PROFIT POWER VIP Service - </strong><a href="https://salonsuiteuniversity.my.canva.site/profit-power" rel="ugc noopener noreferrer" target="_blank"><strong>CLICK HERE</strong></a><strong></strong></p> <p><br /></p> <p><strong>Takeaways</strong></p> <ul> <li>Profitability is crucial for running a successful business.</li> <li>Understanding your numbers is essential before making pricing changes.</li> <li>COGS represents the total cost of products used in services.</li> <li>Aim for a COGS profit margin of at least 80%.</li> <li>Operating profit margin is what's left after business expenses.</li> <li>QuickBooks can provide real-time insights into your profit margins.</li> <li>Net profit margin is your take-home pay after all expenses and taxes.</li> <li>Set aside 20-30% of income for taxes to avoid surprises.</li> <li>Categorizing services in QuickBooks helps identify profitable offerings.</li> <li>Focus on services that maximize your time and profit.</li> </ul> <p><br /></p>
May 6, 2024
If you’ve been looking into the idea of becoming a coach or creating an online course for hairstylists, lash artist, aestheticians, or other beauty business entrepreneurs this episode will help you navigate the feelings of imposter syndrome as you take the next right steps in your career. Learn to lean in to your “why” and remember that showing up authentically wins over perfection every single time. To register for Summer Camp or to work with me 1:1 to build out your course or website head over to www.JenKenny.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/independentstylist/message
Britt Seva
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Nina Tulio and J Ladner
Cash Lawless, Jordan Drake
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