- 65
- 43 692
Lauren Simpson
United States
เข้าร่วมเมื่อ 3 พ.ย. 2021
Hi! My name is Lauren and I've run a successful service and product based beauty business full time since 2016. This channel is dedicated to helping aspiring and current small business owners maximize their time and talents creating a successful business doing what they love.
What it REALLY Costs to Run a Small Business | My 2023 Expenses
Let's get candid on how much it costs to run my beauty business!
DISCLAIMER: I am not a CPA or financial advisor nor am I giving financial advise. I am sharing my business expenses for the previous year and how that impacts how I run my small business.
//WATCH NEXT:
What it REALLY Costs to Run a Small Business | My 2022 Expenses - th-cam.com/video/vB-KodbcBRs/w-d-xo.html
How To Form An LLC | Step by Step Guide - th-cam.com/video/q4Bx4fHv2oI/w-d-xo.html
How To Boost Your Business and Increase Your Revenue - th-cam.com/video/wN4y1NMkYf8/w-d-xo.html
//CONTACT:
For business inquiries only, please email itslaurensimpson@gmail.com
//MY PERSONAL BLOG:
itslaurensimpson.com/
//SHOP MY AMAZON FAVES:
amzn.to/47PY7vS
//TOOLS & SERVICES I USE:
Payment Processing & Invoicing (Square): squ.re/3jkUISc
Client Relationship Management (Dubsado): bit.ly/40iPK9t
Email Marketing (Flodesk): flodesk.com/c/UYA2FW
Social Media Scheduling (Tailwind): bit.ly/3qtdKou
Wordpress Website Theme (Bluchic): bit.ly/3PzmkyW
//TH-cam EQUIPMENT:
iPhone: apple.co/3HJ9sV0
Microphone: amzn.to/3PzYcvS
Microphone Pop Filter: amzn.to/3BFWFio
Tripod: amzn.to/3WixHgE
Umbrella Lights: amzn.to/3hBfRH1
The Makeup Light: bit.ly/3lJwoZ2
Make sure to subscribe to my channel so you don't miss a new upload! xoxo
DISCLAIMER: Some links in the description might be affiliate links, which means I make a small commission if you make a purchase through these links at no additional cost to you. Thank you for supporting my channel so I can continue to provide you with free content every week!
#smallbusiness #businessexpenses #expenses
DISCLAIMER: I am not a CPA or financial advisor nor am I giving financial advise. I am sharing my business expenses for the previous year and how that impacts how I run my small business.
//WATCH NEXT:
What it REALLY Costs to Run a Small Business | My 2022 Expenses - th-cam.com/video/vB-KodbcBRs/w-d-xo.html
How To Form An LLC | Step by Step Guide - th-cam.com/video/q4Bx4fHv2oI/w-d-xo.html
How To Boost Your Business and Increase Your Revenue - th-cam.com/video/wN4y1NMkYf8/w-d-xo.html
//CONTACT:
For business inquiries only, please email itslaurensimpson@gmail.com
//MY PERSONAL BLOG:
itslaurensimpson.com/
//SHOP MY AMAZON FAVES:
amzn.to/47PY7vS
//TOOLS & SERVICES I USE:
Payment Processing & Invoicing (Square): squ.re/3jkUISc
Client Relationship Management (Dubsado): bit.ly/40iPK9t
Email Marketing (Flodesk): flodesk.com/c/UYA2FW
Social Media Scheduling (Tailwind): bit.ly/3qtdKou
Wordpress Website Theme (Bluchic): bit.ly/3PzmkyW
//TH-cam EQUIPMENT:
iPhone: apple.co/3HJ9sV0
Microphone: amzn.to/3PzYcvS
Microphone Pop Filter: amzn.to/3BFWFio
Tripod: amzn.to/3WixHgE
Umbrella Lights: amzn.to/3hBfRH1
The Makeup Light: bit.ly/3lJwoZ2
Make sure to subscribe to my channel so you don't miss a new upload! xoxo
DISCLAIMER: Some links in the description might be affiliate links, which means I make a small commission if you make a purchase through these links at no additional cost to you. Thank you for supporting my channel so I can continue to provide you with free content every week!
#smallbusiness #businessexpenses #expenses
มุมมอง: 22
วีดีโอ
My 2023 Revenue as a Service Based Small Business
มุมมอง 218 หลายเดือนก่อน
Let's talk money!! I'm breaking down the real numbers I made in 2023 as a full time beauty business owner. We don't gatekeep over here, it's time to see everyone grow in the field they love! //WATCH NEXT: My 2022 Revenue as a Service Based Small Business - th-cam.com/video/Plrp84ziD9A/w-d-xo.html 3 Ways To Scale Your Service Based Business - th-cam.com/video/p-YLgo1ZWNg/w-d-xo.html How To Boost...
Navigating The Third Trimester As A Business Owner
มุมมอง 259 หลายเดือนก่อน
It gets increasingly difficult to physically work each week that goes by during the third trimester. It's important to prioritize rest when you can while mentally and physically preparing for the future of birth and maternity leave, both personally and professionally. Here's what I did during the last trimester of my first pregnancy to ensure my business would continue running without me being ...
Navigating The Fourth Trimester As A Business Owner (Get Ready With Me Style)
มุมมอง 1810 หลายเดือนก่อน
There's a reason they call it the fourth trimester - it's no joke! You're busy healing physically and mentally from what you just endured to bring your baby earthside while navigating parenthood for the firs time, often without as much help and support as is needed. Let's talk about what this means for running your business! Pregnancy, PostPartum, & Business Playlist: th-cam.com/play/PLuEHTU8Hp...
Home Office Setup as a Small Business Owner and YouTuber
มุมมอง 10411 หลายเดือนก่อน
A great home office setup was always in my dreams and I'm so glad to share the reality of it with you now! I hope this inspires you to setup your home office to be the most productive while relaxing place. //WATCH NEXT: How To Set Up Your TH-cam Channel For Success - th-cam.com/video/_1nGcW8UsIQ/w-d-xo.html Storytime: How I Became A Full Time Professional Makeup Artist - th-cam.com/video/GGoe7C...
Top 5 Mistakes As An Established Business Owner
มุมมอง 1611 หลายเดือนก่อน
Just because you've been in business for a while doesn't necessarily mean you've got it all down. I'm breaking down my top 5 mistakes you can make as an established business owner so you can avoid them and continue on the road to success! SKIP AHEAD: 0:22 - Not networking enough 3:08 - Not having an ideal client 4:04 - Having no marketing 5:23 - Not being true to yourself 7:35 - Stopping market...
How I Organize My Day To Be My Own Boss And Get Stuff Done
มุมมอง 5311 หลายเดือนก่อน
Being organized with how you operate your business is vitally important to being the most productive you can be and running it successfully. I'm sharing my top 3 tips on how I continue to grow and maintain in my business and make sure it thrives! SKIP AHEAD: 0:13 - Split tasks into daily/weekly/monthly/quarterly tasks 1:04 - Using smart programs 2:38 - Plan certain tasks on certain days //WATCH...
How To Set Up Your YouTube Channel For Success
มุมมอง 29ปีที่แล้ว
I know you're SO excited to get your TH-cam channel launched and in front of your ideal audience, but let's back it up a bit and talk about the basic things you need to have set up and in place before you even make your first video to ensure your channel is ready to EXPLODE with success! //WATCH NEXT: Amazon Favorites for Product Based Businesses - th-cam.com/video/mH5NTemjfrY/w-d-xo.html Setti...
Creating An About Page That Sells
มุมมอง 31ปีที่แล้ว
Let's get back to the basics and talk about how to create an about page that SELLS! In the day of AI becoming more prevalent, it's more important than ever to stand out from the crowd and show potential clients and customers what makes you different and REAL. Don't skip making your about page strategically beautiful and detailed! SKIP AHEAD: 0:51 - Make It Personal 1:28 - Talk In Your Tone Of V...
Canned Emails in Dubsado
มุมมอง 53ปีที่แล้ว
What are canned emails, how do you set them up, and how do they help your business? Dubsado makes automating your business while sounding like a real person easy! Start Your Free Trial With Dubsado: bit.ly/40iPK9t //WATCH NEXT: Setting Up Dubsado From Scratch and Hiring A Dubsado Specialist - th-cam.com/video/UKRYswYmcHw/w-d-xo.html //CONTACT: For business inquiries only, please email itslauren...
How To Know When To Increase Your Pricing
มุมมอง 35ปีที่แล้ว
Knowing when or how to increase your pricing is often something that stresses people out because they want to be charging their worth while not scaring away potential clients and customers. I'm breaking down the criteria I use to confidently know when it's time to increase pricing in my business. SKIP AHEAD: 0:33 - How Many Years In Business 0:50 - Continuous Education 1:32 - Increased Expertis...
Setting Up A Beauty Studio On A Budget Using Amazon
มุมมอง 49ปีที่แล้ว
Congratulations on the expansion of your business as a beauty professional! It's so exciting to set up a beauty studio or salon initially. Good news - there are ways to save on your initial set up costs so you can get to business without spending an arm and a leg! Let's talk about my amazon favorites that helped me set up my first commercial studio space. Items Mentioned: Simple Human Trash Can...
Email Marketing For Beginners with Flodesk
มุมมอง 30ปีที่แล้ว
Start working smarter (not harder) for your email marketing strategy with the help of Flodesk! I'm so happy to finally have found a platform that not only makes creating and sending emails in my business more appealing, but it's super easy and visually appealing, too! Get 50% off your first year of Flodesk: flodesk.com/c/UYA2FW //WATCH NEXT: 5 Ways To Grow Your Email List - th-cam.com/video/WjO...
Stop Using LinkTree!
มุมมอง 61ปีที่แล้ว
If you're still using LinkTree to share short links on social media platforms like Instagram and TikTok, you're missing out on real customers that could be benefiting from a trip to your website instead! Learn how to set up this simple page on your own website and stop missing out on profit! //WATCH NEXT: Top 5 Mistakes You Can Make When Setting Up Your Business - th-cam.com/video/xsrpQhRd9Oc/w...
My Favorite Affiliate Marketing Programs That Make Me Money
มุมมอง 17ปีที่แล้ว
My Favorite Affiliate Marketing Programs That Make Me Money
Why I Stopped Using Stripe Payment Processor
มุมมอง 91ปีที่แล้ว
Why I Stopped Using Stripe Payment Processor
Square Went Down And Effected So Many Business Owners!
มุมมอง 87ปีที่แล้ว
Square Went Down And Effected So Many Business Owners!
My Favorite Systems Strategies as a Small Business Owner
มุมมอง 20ปีที่แล้ว
My Favorite Systems Strategies as a Small Business Owner
Setting Up Dubsado From Scratch and Hiring A Dubsado Specialist
มุมมอง 49ปีที่แล้ว
Setting Up Dubsado From Scratch and Hiring A Dubsado Specialist
Navigating The Second Trimester As A Business Owner
มุมมอง 48ปีที่แล้ว
Navigating The Second Trimester As A Business Owner
How I Get More Traction On Pinterest To Grow My Business
มุมมอง 53ปีที่แล้ว
How I Get More Traction On Pinterest To Grow My Business
Time Blocking: What It Is & How To Use It Productively
มุมมอง 18ปีที่แล้ว
Time Blocking: What It Is & How To Use It Productively
Contractors vs. Employees: A Full Breakdown
มุมมอง 90ปีที่แล้ว
Contractors vs. Employees: A Full Breakdown
How I Use My iPad To Be More Productive In Business
มุมมอง 130ปีที่แล้ว
How I Use My iPad To Be More Productive In Business
How I Schedule My Bridal Beauty Team Using Google Calendar
มุมมอง 47ปีที่แล้ว
How I Schedule My Bridal Beauty Team Using Google Calendar
Pineapple 😮
Hiya Lauren. I am enjoying your videos. I use Square and offline mode as I am a small business person. Doing IT work and DJ / Sound and lighting as a side business. Offline mode is a service that you have to turn on in the dashboard from your account. Basically it ques up the payments you accepted then when you get wifi internet or data connection it runs the payments. One bit of advice I been giving out is to get two devices if your a small business. A battery station or soler generator as there sometimes called. This is so useful for when you need power and a working outlit isnt hear by. Or in the case of power loss you can run your POS and pc or laptop on it. Second is a mobile hotspot or starlink. If your internet goes down or you have spotty coverage then with the battery backup you should be able to take payments. I personally use Anker or Eco Flow for but there is a lot in the space. I would get biggest capacity that you can safely carry. They tend to run around 1 to 3K USD per unit. I Hope this helps you out and anyone that is reading this comment. 😊
Hi Lauren I just found your channel and I’m watching your videos. I left you a message on your other video. I didn’t know that you don’t just do beauty for the brides and you do makeup for anyone who wants to learn. What a genius idea to cater part of your business to just brides so you amazing doing that and they’re not just going to a regular salon that might do maybe two brides a year. The make up industry and make up sales are up so much because everyone is now getting into make up. I wish you were in my city because I would definitely hire you to teach me some make up tips. I did leave you a message on the other video and it’s very very long and I’m sorry for that. I explained what type of business I am opening and I asked you a couple questions. The first one is where to advertise to people that might not live in my state. The other question was do you advertise on Pinterest and if so, how do you do that? I am so very happy I found your videos 🩷🩷 thank you so much
Hi Lauren. I just found your channel and I’m so happy that I found you. I have a duplex that has 4 apartments ( 2 each side and one upstairs and one downstairs. I have set up the bottom apartments on each side and have made it into the required safety features that the state of Maryland has put into effect. ( I have been working in the Geriatrics field for over 25 years, have my degree in Geriatrics and healthcare management, and I also I am a licensed administrator for an Assisted Living facility.) I am opening up the first floor apartments as an Enhanced Senior Living. It is a in between a senior living and independently in their home and not exactly to the level of needing an assisted living facility. I wanted to explain how this is going to work and what it is. I have always worked in a nursing home or an administrator in an assisted living facility. This is the first time I will have my own business. It is so very scary because the model I have created is not in existence anywhere I am aware of. I saw that it was needed so I have been working for about two years and now we will be able to take in seniors in the next couple of months. I also am really interested in starting a TH-cam channel where I could answer questions from families who are facing placing their elderly family members in a facility. I could explain how Medicare works and any other questions, help with resources, and any advice they would have. If I am local to the families then they can hire me to help find placement if they are needing that or if they are already in a facility, then I can go to wherever they are and get their loved ones charts and make sure that the facilities they are in are doing the best care possible for their loved ones. I do do some of that now and most of my clients hire me from other states and their loved one is placed in my state in a facility. I’m so happy to hear from a business owner. My biggest question is where would you advertise on line? I definitely would love your help to get in front of out of town family members who have someone in a facility. And how do people find you on Pinterest? Also any other social media platforms would you recommend??? Thank you so much. I have to tell you that you have an amazing business and you have concentrated on a very specific and one of the most important parts of the bride and bridal party for the wedding day. I am guessing you were like me and saw a need instead of the bride and bride party. Just going to a salon. You actually cater to those specific clients and it makes you even more amazing because you’re constantly practicing the thing that you do. What a genius idea. Also congratulations on your new bundle of joy.
No, is not the best. You cannot pay multiple invoices with one payment . Is so annoying to cancel the invoices and create one invoice to be able to process the payment
Can this new Square refund policy be Refunded Thur my Business Taxes?
Can I use both my iPhone 12 Pro Max or Apple iPad to accept my Clients Payment method??
Hi! The bluetooth reader can only be collected to one device at a time. Choose which you want to use at the time. We always setup our tablets on the readers because the phones (Android and IOS) have internal tap to pay. *This feature may need to be turned on in IOS. Be sure NFC is also enabled for your phone.
Doing sole prop,for now
Very helpful! Thank you
So glad it helped you!
Glad you have no issue getting your money, sometimes it takes up to 30 days
I’ve never had that issue! We should absolutely be getting our money on a continuous, regular basis.
I have events - I do not give refunds but do offer another event of the same price (of their choice, date , time) . This is on my checkout site. So they know ahead of time.
That’s great if that works well for you! Refunds aren’t common for us, but do happen every now and then.
would like to know about Dubsado
Currently working on uploading more videos about Dubsado! So far I have a couple on my channel, those would be a good place to start for you! :)
Thank you! These are the costs of business. Why should square lose their fees?…….they did their job…….returns suck….but it’s on you…..not square😎
I believe the fees we already pay up front on every transaction is enough for cost of doing business and have no problem paying those. I don’t believe we should be paying double fees. Thanks for watching!
I’m a hair stylist and I can’t find where to add tips.
Tap Settings > Checkout > Tipping | Then turn your tips "ON" It will give you 10, 15, 20 percent standard. You can also allow for a custom input.
Your video popped up on my homepage and I've been thinking about making a similar video, so I watched. I don't have such a large space for my office setup, but I make a corner of what used to be our living room-but turned to our daughter's play area-work. Having an actual desk made content creation SO MUCH easier and allowed me to be more consistent! ☺
So glad to hear my video popped up for you! That’s super smart turning that area into your work area, I bet it looks amazing! :)
I updated my bank info. then used the Sq. CC reader for a transaction of over $200. That was 11/11. Sq. continues to say they cannot verify my bank acct. My bank says they see NO time that Sq. attempted to debit or deposit into my edited acct. I've been totally unable to contact Sq. by phone to talk to a HUMAN. I called the number given online and that number ended up being for CashApp who said they don't handle Sq. bus. I've emailed them numerous times. I even went online to find out who owns Square. It came back that a bank in Calif. owns it. I called that bank and they said they don't have an affiliation with business dealings with Square. So. now we can't even talk with a human owner. Go figure. I've done everything they requested "by email" numerous, numerous times. I've even reported the situation to the Better Business Bureau. I've also requested (via email and chat (with an android)) that Sq. send me a check - which they haven't. Funny though, they keep sending ads for me to open a checking acct with Sq. If they cannot handle a simple transaction in a months time, why would me or any one else trust them with a checking acct. This is even causing me to not know how to handle tax, since the tax the customer paid is being held by Square and I'd have to pay the tax out of pocket. I am a small business and cannot afford this kind of problem. Still, NO HUMAN CONTACT and SQUARE STILL HAS NOT SENT ME MY MONEY. Square is an ANDROID SCAM OPERATION. RUN, RUN, AS FAST AS YOU CAN. DON'T LET THEM TAKE YOUR MONEY. DON'T LET THEM RUIN YOUR BUSINESS.
Hi Lauren! Your content is impressive! I couldn't help but notice the creativity in your thumbnails. Are you currently looking for a designer to elevate your creative thumbnails ? If you're interested or need assistance with thumbnails for your video, feel free to reach out. I'm here to help bring your vision to life!
Thanks for watching!
Very good, concise info. Much appreciated!
So glad you enjoyed the video!
❤❤❤❤
:)
Thank you for this information!
You’re welcome, so glad it was helpful!
Why did you not just start using Dubsado for everything?
Thank you for this! Such a great tip!
So glad you found it helpful!
First off, it IS possible to have your legal (personal) name and business name changed. I know this from first hand (personal) experience from December 2022. It wasn’t easy and it took A LOT of calling in, I threaten to leave Square by 12/31 because if they weren’t able to have it changed, I would switch to another merchant. What you need to do: Be sure that your legal name is updated in the IRS system and reflected on your EIN. Do NOT add your new legal name as an Authorized Representative and transfer the business to that account. This would also involve creating a new account under that name. This doesn’t work…why? Because only your name is changed, the system will see a duplicate EIN when you create a new account and it will cause issues. This also locked me out of using Square Payroll for over a month. I never used Square Payroll again, I switched to another Payroll service on 1/1/23. You NEED to get in touch with Tier 3 support and/or someone who has permission to remove all system blocks so you can make this change. That seems to be the only way. Keep in mind that if you have any other services with Square (Payroll, e-commerce, etc) they run independently of each other so this change is not streamlined across your Square accounts. I don’t want to scare you, but I must have called in between 80-100 times that month to make this happen. I didn’t understand why this was so difficult, I knew I couldn’t be the only one in the world who has done this. Do NOT let them say that it isn’t possible. It’s not possible for Tier 1 and Tier 2 support, but it can be done. I can message you my account before and after reflecting the changes. I might also have my messages from Square. I hope this helps, best of luck!
Why is the free reader not as safe?
The free reader reads the card number off of the magnetic track on the card. There are 3 lines of data on the magnetic stripe which have all of the information on the outside of the card on them. This is very different than the way the chip or tap features work. They both use a handshake with the bank where the card says what bank it is from and what card it is, and the bank sends it a math challenge that the card needs to solve using secred information inside the card. The card solves it and sends the answer back. The bank knows the same secret information inside the card and also does the math problem on their end. The bank then compares the answers and as long as they match the bank knows it's the right card. If someone compromised the phone or Internet connection with the old square reader then they may be able to steal the card number and details, but with a chip or tap card they cannot get any usable data because it's all one time and non sensitive data.
So, I'm green here. It would be great if you could show how you use the Square on your cell and tablet. Do we need to have data to use this device? What is a CRM?
I'll make a note to make a video doing that in the future, thanks for the idea! CRM stands for Customer Relationship Management. It's a great place to do everything needed in one place for your customers - so invoicing, appointment scheduling, emails, etc. I use Dubsado these days and recently posted a video all about setting that up!
How do you keep their info safe?
I do not keep credit card info on file.
The lady who used to do my hair,charged me $2 per time,for a card. What about text payments?
It is not advised and typically not allowed to add an extra charge to a customer's payment to cover the credit card fees. What are you wondering about text payments?
Im sorry your prostitution business didnt work out
Do you charge the customer the service fee that square charges for every manual in put or swipe?
It's built into my fees already! I view it as cost of doing business. It's also a fine line because it's technically not legal in many places to extend the credit card charge to the customer. You would have to phrase it as a "cash discount" if they use cash instead of card for them to save.
Thank-you ❤
1. Congratulations on the impending baby! 2. I have a separate account for my business, but it is at the same bank as my personal account. Is that a problem? Btw, I'm an artist and only do faires/artshows.
Thank you so much! That shouldn't be a problem, as long as the accounts are separate and the business one is a business checking or savings account and the personal one is a personal checking or savings account.
It was the same way with paypal, you had to send them a written letter to get it changed. Now you can submit foe name change online through them now thank goodness.
Does Square have a history of deplatforming people? PayPal is notorious for withhold funds. And I think Stripe was the company that deplatformed people for political reasons. Or it could have been Square.
Not that I’m aware of! I personally haven’t had issues with that.
cruddy thing to do
I agree!
This is BS. That’s why we need a POS system that you pay for the product and that’s it no fees or subscriptions. Systems like these only hinder small businesses. Subscription based society only benefits the people at the top, and they will bleed all of us dry like the money hungry vampires they are.
I agree that would be great in an ideal world! Have you found success with another product that charges less?
Excellent video!
Thank you, so glad you enjoyed!
The square tap to pay reader was $79 at its initial launch so the $50 is a discounted price. Informative video, I’ve used square over a decade and I love invoices it’s very convenient.
Interesting! I don’t remember that, for some reason I always remember it being $50. Thanks for the info and so glad you found the video helpful! Glad the invoicing system works well for you.
Congratulations on the baby in the oven!
Thank you so much! :)
Hello! Quick question, I heard stories about Square holding funds from users with transactions. Any experiences with that?
Hey! I personally haven’t had any problems with that. My deposits come in like clockwork. The only negative thing I’ve dealt with in the past was a credit card dispute that didn’t go in my favor. I made a storytime video about that a while back detailing how that went if your curious!
@@lauren_simpson thanks for the response! I’ll be sure to check it out. Just wanted to double check because I’m working on starting a supplement/apparel business that’s going to start locally first.
They are still holding (since 11/11) over $200 that belongs to me, I cannot reach a human, find the owner of Square or get a phone number to talk with a human. It appears to be an ANDROID OPERATION. I'm REALLY FURIOUS to put it nicely.
Oh but, they indicated that they took their fee from my money - even though I cant get my money from them.
How much do the charge for You to use Credit Cards?
I see... Hum!!! That is a lot.
in which country? Square is available for US CA JP GB and AU? The processing fee is different for each country
@@Axelvelasquez USA Thank you
@@JudiChristopher 2.6% + 10¢ for contactless payments, swiped or inserted chip cards, and swiped magstripe cards. Payments that are manually keyed-in, processed using Card on File, or manually entered using Virtual Terminal have a 3.5% + 15¢ fee. Invoices cost from 2.9% + 30¢.
EXCELLENT VIDEO Great information Thank you for sharing this video Note: please don't move you arms so much... it is distracting.
❤❤❤❤❤❤
Going on your hardworking.
Ooo baby, Nice sound
Very lovely woman 😍
This is just my life for real tho 😂
Saaaaame 🙃