Spa Finances Business Manual
91 Page PDF - Instant Download
This Financial Manual will give you every spa-specific financial statement; standard of practice; benchmark formula; planning prototype; and business tool you will ever need to enjoy steady financial gains for the life of your career
Whether you are just starting up your Spa, or you are a seasoned veteran, you need to have a clear picture of your business's past, present and future financial position. The process of developing and keeping a Financial Plan in order; is the single most important decision you will make. Physically charting your finances will aid in setting expectations; monitoring your progress and guiding your decisions. It's all about the numbers and how to take them from paper, to profits.
Nothing in business should be done unless you know why you're doing it...
and the numbers will tell all
The financial planning tools included here will help you predict the outcome and viability of your future business needs and financial goals. They are your "action plan" for both your short and long-term ambitions.
You won't find anything else like this, anywhere. Period.
Here you'll find:
Positioning and tracking your business for profit with: Service and Product Margin Analysis; Sales Projections by Department; Cost of Sales Projections; Payroll Projection Worksheets
Key Financial Statements you'll need to know: Cash Requirements Budget; Cash Flow; Income Statement; Balance Sheet
Benchmarking and business analysis tools such as: Ratio Analysis; Break Even Analysis; and Equipment Cost Recovery
Key Performance Indicators and metrics for both services and retail, including: Utilization; Productivity; Ticket Price; Retail to Service ratios; Conversion rates on booked appointments and walk-in traffic; Inventory Turnover; Retention; Sales per square foot
An in-depth look into Staff Compensation, covering: Compensation Adjusters; Methods and Descriptions of Payment, including: full gamut of Base Wage options; Incentives; Bonus and Profit Sharing; Service and Product Allotments; Training and Education; Gratuities; Non-cash rewards
Yield Management techniques; Gift Certificate Management; and winning business strategies that will keep you at the top of your game.
Make the decision today to get a hold of your finances for
more predictable, rewarding business outcomes.