In this week's episode Lauren dives deep into the mindset behind making Smart Money Moves in your Salon business, and how to future-proof your business and financial life.
**This is not professional or personal financial advice, and is meant for educational and informational purposes only. Please speak with your Financial Advisor and/or Accountant for personalised and specific information for your business and personal finances.**
Future-Proofing Your Business with Smart Money Moves:
• Why making Smart Money Moves is a key pillar to building and sustaining a thriving Business.
• Not paying yourself a proper wage. (03:45).
• What are your goals? (04:30).
• Why you want your Business to look good on paper. (08:30).
• Good cash and transaction management flows from the top down. (11:00).
• Accurate Reporting is crucial in paying the correct Bonuses to your Team. (13:00).
• Choosing the right Business Structure is essential in optimising your Business from a financial and taxation perspective. (15:00).
• How to pay yourself as the Business Owner. (19:00).
• Get a great Accountant or Financial Professional in your corner. (24:00).