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nikkirae___
Thanks for noticing 😅 Thanks for noticing 😅
One of the biggest mistakes I see beauty business One of the biggest mistakes I see beauty business owners make? Paying themselves last. The rent gets paid, stock gets paid, subscriptions get paid, and then we hope there's enough left over for us. Your wage shouldn't be whatever happens to be left in the account. You deserve to be paid properly. We didn't start a business just to own a business! The goal is to own a business that supports the person running it: you 🫶
At this point, who knows 🤷‍♀️ 😅 At this point, who knows 🤷‍♀️ 😅
If you’ve never actually calculated your pricing, If you’ve never actually calculated your pricing, there’s a very good chance you’re undercharging. Because if your pricing only covers your expenses and your wage, your business has no breathing room for: • Slower seasons • Unexpected expenses • Growth • Reinvestment • Future stability Profit isn’t “extra.” Profit is what makes a business sustainable 📈 #SmallBusiness #MoneyTalk #FinancialManagement #Entrepreneur #BusinessOwner
Funny how that worked out 🤭 Funny how that worked out 🤭
Your break-even point is the minimum your business Your break-even point is the minimum your business needs to make to cover its costs. You've been following along for this money talk series, right? So you know what your variable and fixed costs are, and with that in mind, I'm giving you the formula to calculate your break-even point. It gives you a baseline to work with so you can start setting some revenue goals 💵🚀
You can’t “manifest” your way out of bad pricing. You can’t “manifest” your way out of bad pricing. Mindset matters. Confidence matters. But at some point, the numbers still need to work. If your pricing doesn’t properly account for: - your expenses - your taxes - your wage - your profit - and your actual capacity to work, your business will eventually start feeling financially heavy, no matter how positive your mindset is. A sustainable business needs both: good energy AND good numbers ✨️📈👌
You can be making good money and still feel broke. You can be making good money and still feel broke. Not because your business isn't working, but because cash flow and profit are two very different things. When you've got a handle on your cash flow, you stop wondering where your money went, and you start telling it where to go! 💸 #BeautyBusiness #MoneyTalk #Entrepreneur
Signs you’re running your business emotionally ins Signs you’re running your business emotionally instead of financially: 1. Avoiding your bank balance If checking your accounts instantly creates stress or anxiety, it usually means there’s a lack of clarity somewhere. Avoiding your numbers doesn’t make the problem disappear, it just delays your ability to take control of it. 2. Pricing based on peers or fear Pricing based on what everyone else is charging, or what feels “safe”, often leads to undercharging. Get a handle on your numbers and ensure that your prices reflect your costs, your experience, your demand, and the profit required to support both your business and your wage. 3. No spending plan Planning ahead for expenses creates stability, confidence, and far less financial stress. This includes industry events and further courses/education. Running your business financially instead of emotionally helps you understand your numbers well enough to make calm, confident decisions ☁️✨️
Gross profit shows what you're making. Net profit Gross profit shows what you're making. Net profit shows what you're keeping. I hope things are starting to click for you! 💡✨️ #BeautyBusiness #MoneyTalk #Entrepreneur
If you don't know these three numbers, you're esse If you don't know these three numbers, you're essentially running your business with your eyes closed. 1. Weekly Revenue 2. Weekly Profit 3. Break-Even Point Once you know these, you can make far better decisions about pricing, spending, and what you can afford to pay yourself. Clarity creates confidence, and confidence changes how you run your business 🔥 #BeautyBusiness #MoneyManagement #Entrepreneur
Some costs stay the same (fixed). Some increase wi Some costs stay the same (fixed). Some increase with every client (variable). Gross Profit = Revenue - Variable Expenses Gross Profit and Net Profit are not the same. We'll talk about these next 💡 I hope you're enjoying the Beauty Business Money Talk Series so far 🤍✨️
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