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How to cut costs in your salon

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With no immediate positive outlook for the South African economy, salon owners faced with rising prices are having to tighten their purse strings.

It’s easy to focus on the amount coming into your bank, but it’s extremely important to know what’s going out as well.

“When prices go up, it’s time for a good old deep dive into your bank statements,” advises Hollie Power, co-founder of Salonology. “While we always want to keep a sharp focus on what’s coming into our banks and work on increasing that number, we can also take a good look at what’s going out.”

In addition, despite prices escalating, most suppliers still want your business and would be willing to renegotiate terms, interests and costs.

For more money-saving tips go to page 24 of the November/December 2022 issue of Professional Beauty magazine. Click here

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