CONGRATS!!! it's the best thing you will do. Take it from me, the self proclamed baby hater. i love being a mom! the best and hardest job ever! (and she's only 10 months). Thanks for sharing this! it's exactly what i needed to know. I just decided one day that I didn't want to be on commission anymore and my "boss" put me on rent. I had no clue how any of this worked and 3 years later I'm finally getting the hang of it. I love nails but I love my kid more so I cut my hours and became a part time nail tech and full time stay at home mom. mh j jkyru kyuhj. adelynn says hi and congrats
Cira On Wed, Mar 23, 2011 at 9:35 PM, CAT BLUE <[email protected]> wrote: > We had a Salon coach come in and give us these formulas: > Your weekly goal should be 8x your weekly booth rent. ( 150/wk x 8 = > $1200/wk) > divide that by how many days a week you work and that should be your > goal for the day. When you think this way, you start to go faster and > add upgrades and quit giving away free nail art, free soak offs, and > free repairs! > Rent:a 12.5% of your income > Supplies: 10% > Self Employment Tax: 15% > 2 wk vacation pay: 4% > Marketing and Education: 5% > Total Costs per week: 46.5% > Take Home Pay=53.5% > This helps me stay focused and watch all my dollars in and out and I > don't make a deposit untill the end of the week, and whatever is left > after my expenses, I write myself a paycheck. I will have vacay $ > stashed, and also $ for taxes! Also, if you write down on your > schedule exactly how much each person for the day paid you, (whether > you claim it all or not), you will have a clear picture of how much > you are really making and more aware of the cash you spend here and > there and don't include it in your income. We HAVE to start viewing > ourselves as businesswomen and not like this is just for fun, or it > ISN'T worth it. > ALTHOUGH, now that we just found out we are 8wks pregnant(!), my > passion (or obsession) might also be changing...When I work a shorter > week, I can definitely see it in the paycheck. Maybe a place with > cheaper booth rent if you are only working part time. > > > > On Mar 20, 6:26 pm, Lauren Dodson <[email protected]> wrote: > > Thanks for all of the answers and thoughts so far. I do love what I do > and love > > being my own boss. But I would also love know how to make more money. > Is there > > a formula I could follow ie: rent should be a certain % of what you earn, > > supplies etc. Maybe if I knew what the most I should spend a year I > could keep > > that goal in check. i spent about $400 on Shellac and the lamp last year > and > > brought in an extra $4000. I thought that was worth it. I have only > bought some > > of the new colors of the Shellac, instead of getting all of them. Trying > to edit > > myself. > > -- > You received this message because you are subscribed to the Google Groups > "NailTech" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/nailtech?hl=en. > > -- You received this message because you are subscribed to the Google Groups "NailTech" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/nailtech?hl=en.
