Financial

Many factors contribute to an indoor tanning salon’s profitability. Some owner-operated salons make the mistake of attributing net gains to business, when in reality, they aren’t drawing a salary as the salon’s only full-time employee. Evaluating the financial health of the business requires an examination of all the expenditures – payroll, overhead, utilities, equipment, taxes, leases, product inventory, etc. When an owner follows a solid business plan and treats the salon as a serious investment, the chances for success are much greater.


  • Looking Fit 1/98: Plan For A Rainy Day
    Posted : 01/01/1998 Three years ago a talented young nail technician named Suzanne Smith left the security of her job at a large full-service salon and began her own business. A 25-year-old with a gift for gab and an artist's touch, she had developed a loyal following among ...More
    January 1, 1998 Posted in Articles, Operations
  • EFTective Cash Flow Balance:
    Posted : 01/01/1998 EFTective Cash Flow Balance: How Electronic Fund Transfers Can Change your Salon by Scott Hoover Many salon operators are preparing for the upcoming tanning season; however, they need to be cautioned not to look at the season with blinders. Instead, ...More
    January 1, 1998 Scott Hoover Posted in Articles, Operations
  • Strike Gold
    Posted : 12/01/1997 Strike Gold With The Right Salon Location You finally have decided to take the big step and become your own boss. Now comes the hard work--searching for the "ideal" location to launch your new tanning salon business. Should you choose a ...More
    December 1, 1997 Posted in Articles, Operations
  • Plugging Into The Holidays:
    Posted : 11/01/1997 Plugging Into The Holidays: 'Tis The Season For Promotions by Nancy A. Foster Is it just me or does it seem like only yesterday that we finally put away last year's holiday ornaments? Or could it be that Dad was right after all--time goes by more quickly ...More
    November 1, 1997 Nancy A. Foster Posted in Articles, Operations
  • Increasing Profits
    Posted : 11/01/1997 Increasing Profits With Effective Retailing Methods by David Landau Every business owner and manager wants to be successful, whether it's satisfying customers, expanding a business or simply maintaining an impressive bottom line. However, whatever the ...More
    November 1, 1997 David Landau Posted in Articles, Operations
  • Professional Liability:
    Posted : 11/01/1997 Professional Liability: Option or Necessity? An insurance agent received an interesting call from a client who owns a six-bed tanning salon in Greenville, N.C. About one week earlier, the client had called the insurance agent informing him that he wanted ...More
    November 1, 1997 Posted in Articles, Operations
  • Claims Made vs. Occurrence Part III
    Posted : 10/01/1997 Claims Made vs. Occurrence Part III Limiting Your Exposure Liability Claims Every salon owner needs professional liability insurance that protects them against claims made by customers who have suffered burns from overexposure or who have had a ...More
    October 1, 1997 Posted in Articles, Operations
  • Effective Retailing Strategies:
    Posted : 10/01/1997 Effective Retailing Strategies: A Guide to Greater Salon Profits by David Landau, ETS, Inc. Contributions by Leslie Hartieb, ETS, Inc. Chief among the many challenges salon owners and managers face today is how to establish and maintain an effective ...More
    October 1, 1997 David Landau, ETS, Inc. Contributions by Leslie H Posted in Articles, Operations
  • Claims-Made vs. Occurrence-Form Part II:
    Posted : 09/01/1997 Claims-Made vs. Occurrence-Form Part II: Occurrence-Form Policies: The Winner by a "Nose" Note: Part I of this article appeared in the August 1997 issue of LOOKING FIT. Those of you who read last month's column may recall that, until a few ...More
    September 1, 1997 Posted in Articles, Operations
  • Marketplace
    Posted : 09/01/1997 Marketplace Handling the Price Shopper by Jerry Deveney, with contributions from Kevin Moore It's 9:30 on a busy Wednesday morning. All your tanning units are full and several customers are waiting patiently. You finally have a chance to take a sip of ...More
    September 1, 1997 Jerry Deveney, with contributions from Kevin Moor Posted in Articles, Operations