MIKAL Salon and Spa Management Ideas

MIKAL Salon and Spa Management Ideas
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Friday, December 17, 2010

Salon Owners Profit Quiz

Salon and Spa Profitability Quiz

Here are some of the concepts you will learn at the ALL ABOUT PROFITS SUCCESS CLUB in Orlando Jan30 thru Feb 1.

Take the quiz and call for a seminar info pack.

1. To double your profits on service you must increase sales 50%, 60%, or 100%? __________

2. If you do $8000 a week in service sales you can afford a receptionist 40, 50, or 60 hours per week? _________

3. To increase performance an average of 10% implement ______________ with your staff.

4. If your rent is $3000 per month in a commission based salon your sales must be $30,000, $40,000 or $50,000 per month? ______________

5. In question 4 what other 2 factors can affect your answer?
___________________________

6. The word ________ in any ad will increase the effectiveness and profitability of the response up to 50%.

7. The word ________ in any employment ad will increase the response up to 50%.

8. How many $1000 a week service providers do you need to afford 60 hours of receptionist time per week? 6, 10 or 14? ____________

9. Your staff wants you to reduce the price of men’s haircuts in your salon by $2 so you will get more male clients. Right now you do 2000 men’s cuts a year at $18 each. How many more men’s cuts do you need to do just to generate the same sales volume?
150, 250, 350? ______________________

10. Using question 9 how many more men’s cuts to make the same amount of net profits?
250, 325, or 400? _____________

11. If you raised your men’s haircut to $20 from $18 how many fewer men’s cuts would you have to do to generate the same sales volume? (using question 9)
200, 250, or 300? _______________

How did you do? Most of us hate these types of word questions (Two trains leave Cincinnati and Columbus traveling at 60 miles per hour….) But the questions shown above can all be answered with SIMPLE formulas! Come to Orlando and get into PROFITS!

Fred
fredd@mikal.com
513-528-5100

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