Episode 165

Ep. 165: 6 Mistakes That Quietly Kill Your Profit Margin

In this week's episode Lauren breaks down the 6 mistakes that could be killing your Salon profit margin.

The 6 Mistakes That Quietly Kill Your Profit Margin:

  1. Undercharging for your products and services. (04:45).
  2. Discounts, value-adds and loyalty systems that eat into your profit. (08:00).
  3. Allowing too much time for your services. Remember, time is money! (13:00).
  4. Too many subscriptions, systems and tools. (21:00).
  5. Retention of Team Members that aren't performing, and aren't profitable. (25:00).
  6. Overdelivering out of fear. (28:00).

https://www.laurenlappin.com.au/service-cost-calculator

11 Weekly Money Habits Every Salon Owner Needs: https://www.laurenlappin.com.au/money-habits

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This Episode was Recorded and Produced by Josh Liston at JCAL Media Group - https://www.jcaldigital.org/podcast-editing

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About the Podcast

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Salon Goals
Honest conversations about leadership, profit, and the realities of growing a beauty business.

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About your host

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Lauren Lappin

Lauren Lappin is a salon owner and business coach with over 12 years experience building and running a successful staff-led beauty salon. She works with beauty business owners to help them lead better, make clearer decisions, and build businesses that are profitable, well-run, and sustainable long-term.