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Financial Management
Managing revenues, expenses, and cash flow
10 Steps to a Financially Solvent Spa
I0 Financial Success Factors of Top Spas 1. Make profits by controlling expenses 2. Operating expenses no more than 60% of gross revenues 3. Total payroll less than...
April 16, 2004
Views: 4678
5 Methods to Measure Financial Success
Sales Volume-a key factor in establishing the business valuation Net Income-the “bottom line” of revenues less business expenses Sales and Earnings Growth- a good indicator of the market’s...
April 16, 2004
Views: 3294
Challenges to Spa Profitability
There are many challenges to profitability when operating a spa. These include: Ease of entry into the spa industry
March 21, 2004
Views: 3534
Cost Containment Strategies
Be objective regarding what sells with regard to a la carte services, packages, times of the day, etc. and make appropriate adjustments Be flexible enough to adjust to various market demands (or...
April 16, 2004
Views: 3114
Financial Ratios
Financial ratios are established parameters that will help you determine whether your business is financially successful. The use of financial ratios should be part of your strategic planning...
April 16, 2004
Views: 2638
Key Financial Statements to Master for the Health of Your Spa Business
Cash Projections Worksheet - This is a projection statement and is used as a planning tool to help predict the outcome or viability of future business needs and financial goals; it is your...
December 30, 2007
Views: 1328
Manage Six Numbers, Make More Money
I'm constantly asked by business owners, "How can I make more money?" Then they look to me as though I have the magic dust that I can sprinkle over the business and magically transform their...
(No rating) August 31, 2008 Views: 421
Statement of Cash Flows
The cornerstone of cash flow analysis, the Statement of Cash Flows (SCF), helps prevent any unpleasant surprises. The SCF is a reconciliation between net income (from the income statement) and cash...
April 16, 2004
Views: 1754
Strategies to Improve Profitability
Get Comfortable with Business Generally, spa owners and managers must overcome business phob
March 21, 2004
Views: 3810
Taking The Plunge With Revenue Management
How often does your spa experience selling out on certain days of the week and having lots of free spots on others? Do you wonder if those discount coupons are really adding to your profit,...
April 28, 2004
Views: 3722
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