In this week's episode Lauren shares 8 Proven Ways You Can Increase Profits in your Beauty Business in 2025, and as Lauren mentions in the episode "These aren't fun things" but they're essential for increasing business profits.
You need to be running a regular review (of the monies in and out) in your business. (04:00).
Examine your reports. "Don't go through business with blinders on" ~ Lauren Lappin. (08:45).
Review all your spending. Try to get a better deal on your utilities, your supplies, and your general Salon consumables. (13:00).
Raise Your Prices! (15:15).
Expand your retail range, and focus on building retail sales volume in your Salon. (18:30).
Focus on Add-ons & Upgrades. (19:50).
Optimise your Appointment Schedule to fill gaps. You want appointments to flow back-to-back. (22:00).
You need incentivise your Team to perform at their very best, and you need to keep finding creating ways to do so. (27:00).