Organizing your Finances as a Hairstylist + Making MORE Money in your Business!
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- เผยแพร่เมื่อ 16 ม.ค. 2019
- This video is about a taboo topic...MONEY. And I'm so excited to be sharing the method I use to organize my finances and make money money in my business 💲
*Disclaimer: The method and advice I share in this video is what I have used in my business and what has worked for me. I am in no way a financial adviser and any advice I share in this video should be consulted with a professional adviser.
If you want to get the book Profit First, head over here: amzn.to/2SZTWIh
In the video, I mention my completely free 23-page Ultimate New Year Guidebook and you can download it at: www.jamiedana.com/newyear
This guidebook and video will help set you up for success this year by helping you plan out your year, keep you organized, and on-track to hit those big dream goals you were meant to hit!
This video was part of my Intentional New Year Series that I filmed in January 2019 where I talked about a new topic that will help you grow your business as a hairstylist!
Other videos that are part of the Intentional New Years Series:
✔️ How to set GOALS as a hairstylist 🎉 Plus FREE Guidebook: • How to set GOALS as a ...
✔️ How to Organize your Salon - 3 Easy Tips to keep your salon clean: • How to Organize your S...
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👉 IF YOU LIKE THIS VIDEO, come over to Instagram, send me a DM, and let me know! I'd love to hear your favorite thing about this video! / jamiedanahairstylist
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👉 If you want to see a list of my favorite products check out my Amazon shop to purchase: www.jamiedana.com/amazon
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Love the video! If you’re going to have background music it’d be lovely if it was quieter. I have terrible focus and it would just make it easier for me lol
Thanks so much for the feedback! I'll keep that in mind for future videos!
Me too!!! Us ADHD peeps
i agree it was hard to focus
AllThingsMeganRohr same omg but I love her videos
Just found you! After being in the hair business for 13 years I finally opened my own salon in January. I have a hard time with doing this. I’m not very good with the actual business aspect of it even though I must be doing something right that I’m almost at a year open
Thank you for raising the bar on our profession and helping us all be more successful!!
That makes me so happy to hear. Thank you for watching!
Omg where have you been all my life, your channel just has everything I need right now 🙏😘
That makes me so happy to hear! Thanks for watching.
Thank you so much for this video, I’ve believe sitting on the idea of becoming a hairstylist and then becoming a salon owner. You’re videos have helped me get a clearer vision to achieve it. You made me believe I could really do.
I'm so happy to hear you loved this video. Thanks so much for watching!
Love this video! Such great advice Jamie!
Thank you! This helped so much. I love your comment on how our income is not like those with a regular job. We don't get consistent income, and it's hard to budget like how they do. Thank you thank you!
I'm so happy to hear it was helpful. Thanks so much for watching!
Wow ! First off I just wanted to say SERIOUSLY THANK YOU SO MUCH for making these videos about your salon and how you run it ! Second , I’ve learned more from your videos about hiring assitant, to managing your finances , to how to open up a salon and so much more than 3 years of business school! You’ve answered every question I’ve had that my professors couldn’t explain in a way that made me really understand which is sad but true . I am so motivated and inspired now to open up my own business and I cannot thank you enough for being the first you tuber that actually breaks down what you need to know about start ups ! Your videos truly inspired me and helped me and I will be buying that book you recommended to help me :)
Thank you so much for watching! i'm so happy to hear that my videos have been helpful and motivating.
Love Profit first so much! I was so happy to see you shared it! Total game changer.
I'm so glad to hear you loved it too. Thanks for watching!
Yess!! I’ve been waiting for this girl 🙌🏼
Love it! Thanks so much for watching!
So much great tips and information!! Thanks for the video!!
I'm so happy to hear it was helpful. Thanks for watching!
I've started doing hair dressing earlier this year. I live in england so while not everything you say applies to me, I've found this page so helpful xx
3rd time watching this video, taking notes and making sure I didnt miss anything. Love this cause saving is hard and I love that you pay yourself (so smart)
Thank you so much for watching! I love that you are so dedicated!
You are extremely inspiring and motivate me to take charge of my business. It does get overwhelming when you are not organized. Thank you!!! I definitely get that book and download your booklet. Im actually excited about this.
That makes me so happy to hear. Thanks so much for watching!
Thank you so much for sharing you book and information, you are truly amazing!!
Thank you so much! I really appreciate it!
Wow this helped me so much rn!! Im literally going through my first few weeks worth of receipts(just went from employment to studio owner), not knowing where to begin but knowing I DO NOT want to fall behind. Im terrified of spending too much and not putting tax money aside or even just spending too much to make a profit. The last part where you broke down the spreadsheet was absolutely what I needed!! I will say, I wish you mentioned that you get a percentage(be it small) earlier or else I would have gone through your link lol I jumped on amazon as soon as you said the title haha next time!! But hey I just got your helpful insta course on planning out your month and I'm looking forward to sitting down with that next now! Your video was very informative and easy to understand so now I'm not dreading taking these steps towards success! Thanks again, much love!!
Mrs Jamie, you have to be exhausted after you make these videos.. Whew! So much energy output.
This is really valuable information! Finances can be really tough for a lot of people but making it simple and clear is really helpful.
Thank you so much! I'm so happy to hear this was helpful!
I thank you for your knowledge and education. I’m going to use it!!
Hey Veronica Phillips I'm so happy to hear you've learned so much from my videos! Thank you so much for watching.
Thanks for all the great info!!!
Good topic. Thanks for sharing.
With one video you have help change the way I plan for my business thanks ah million.
Ps. I download the book and intend on filling it out next week on my day off.
Aw that makes me so happy to hear! Thank you so much for watching.
Thank you soo much for all this info! Made me think about my finances differently and I defiantly need to read that book and start doing this method.
I'm so happy to hear it was helpful. Thanks so much for watching!
Cynthia Cid its so helpful!
I love talking about money, been reading Forbes since I was 4.
I seriously love you! 🥰
Great stuff thank you for sharing 😘
Amazing video!! I needed this information 5 years ago!! 🤦🏾♀️ Going to get the Asap!!!
Thanks so much for watching! I'm so glad to hear it was helpful.
Love this!😘
I'm loving these videos!!
Thank you so much Lindsey!
Oh, and thank you sooooo much!!!🙌🏾🙌🏾🙌🏾💛❤🧡
You're so welcome!
I would love to see how you set up your excel spreadsheet! Not sure how to go about making one.❤️
Yes Just what I have been needing!
That makes me so happy to hear! Thanks so much for watching!
I’m a minute into the video and I had to stop it...... I couldn’t wait to thank you for all your shared talent and support and motivation you always give us....there’s a lot of things I would like to say( POSITIVE OF COURSE) but I want to continue to watch the video lol Many many blessings to you for being such an inspiration to all hard working people...
Thanks so much for watching! I'm so happy to hear it was helpful!
Drinking game!!! Take a shot everytime Jamie says education 😂 lol love you girl and really love your videos keep it up!
CabelloLoco13 or allocate heheh
I use vagaro for scheduling and inventory, it has to many helpful features when it comes to expenses. highly recommend!
Thanks for watching!
I do something similar on my personal life, I learned it somewhere where the guy says , “make it automatic “❤️❤️
Love it! Thanks for watching!
Ive been doing something similar to this! I usually pay myself always and let my business account amount stay small bc I noticed, like you said, the more money I have sitting in there the more I feel like I can spend but then we forget to actually pay ourselves. Super important topic.
Thanks so much for watching! I'm so glad to hear it resonated.
For busy people:
- The first 6 mins is just bla bla bla.
-6:11 she recommends reading "Profit first".
- Put all of your money into one account, take out your profit and then use the balance for your expenses.
- Have 5 accounts: all income, profit, owners comp, taxes, operating expense account
Thank you from Judy in Pittsburg, Texas
Thanks for watching!
Thanks! Needed this
I'm thrilled to hear you love this! Thanks for watching.
Just have to comment that the video I watched right before this from another creator talked about this same book…it’s a sign!
I have been using spread sheets but can’t find a good template. I’m not good at making my own. It would be so amazing if you could share what your spreadsheets looked it!! 👏🏼👏🏼
Love Profit First! I was doing the jar/envelope method online already for money allocation but like you said the priority of taking profits of the top and then tax and then pay myself and then expenses for business made a huge difference. I tore through the book in one day it was such a great easy read for not being a numbers gal up til now. Lol. I borrowed the book from library and it is more fun! So awesome you made this video.
I'm so happy you loved the video. Thanks so much!
I just bought the book thru your link!
Thank you so much !
You're welcome!
Thats so funny my mom just finished reading this book a few days ago. She got it from the library..
Love it. Thanks so much for watching!
My 8 yr old life so did I!
You are very smart. Its excellent….from a Lady Barber
It cost thousands to get incorporated..
You’re so smart.....
I have no idea what you’re talking about.
I tried renting a booth,....went bust....I lost 45 % of my clients....they all moved to different states. ( 2012 Houston’s oil bust) and I couldn’t build new clients....I tried using instagram, google reviews, got 12 5 star reviews on google, and not one new client.
So I relocated to Tacoma, working for THE top salon, but they pay lowest commission I’ve ever heard of.
This industry is so hard....I want to do color and cutting, but they’re departmentalized.
Now i have to move again to another state, start over because of family reasons.
So bummed I have to look for a salon and start over again.
I'm sorry to hear that! Instagram is the best way to gain new clientele! I have a program Oh Hot GRAM that goes in-depth teaching HOW to build your dream clientele. The doors close to the program on Monday February 11th at 9pm PST so you'll want to enroll before then. Check out www.ohhotgram.com for more info!
Me 😧 “squeezing the life out of the toothpaste while listening to the analogy”
Ordered the book and really going to try implementing these ideas. After 23 years owning my business I've put it up for sale. I feel like I bend over backwards for my renters and eventually they end up leaving. For various reasons. I'd like to be behind the chair less after 33 years but I'm needing to be there more to pay my bills.😔
Hopefully this book will be helpful! Thanks so much for watching!
Wave is also a great solution to quickbooks and is free
Thanks for sharing!
Hi Jaime! I read PF last Jan and am trying to implement it. My question is when allocating for commission salons...how do I account for that and how do I know I am setting aside enough for commissions and taxes
Hey Nikole! I will keep this in mind for a future video, however I do not work at a commission salon. Thanks for watching!
omg im having the same issue with the background music... i had to pause the video to let my brain relax. i also have trouble focusing haha.... okay time to turn it back on
Thank you! I'll keep that in mind for my future videos!
Hi! Found you through a friend who went to your Ember Retreat!! I want to go next year!! Side note, thank you for this video I just started booth rent! I also sell Monat hair products with my booth rental. Would you track your sales in the same accounts as your salon or would you do that separate? I’m having a hard time with that just because I sell it with my salon, but also separate? Thanks so much!! 😀
Heck yeah! We would love to have you next year. That totally depends on your preference :) I prefer to separate everything.
What liability insurance do you use
I have a question. I've been commission for a few years as a nail tech. My boss wants to switch to booth rent. She said I can't use her card machine anymore. So I'm wondering what should I use for paying with cards method. I just found your videos like yesterday and was wondering if you have a video to explain just booth rent. I'm not planning to open my own salon just booth rent. I've read cash app or paypal but I live in a retirement town. Most older clientele who pay with cards... I can't tell them to use cash app paypal. I hope what I said makes sense
What about using Square through Apple pay? You can hook it up to your iphone. Your clients can swipe. It's very easy and safe for your clients.
@@toribond5218 I'll have to try when I'm able to go back to work. Not long after I made the comment found out I'm pregnant. With covid-19 and everything I'm not getting around customers etc. Thank you for the tip.
There is a new version of this book coming out soon caked "Profit First for Hair Stylist" (or something like that)
Do you have a copy of what your spreadsheet looks like?
I can not seem to download the the booklet, any advice?
I think the link is broken
My hairdresser but you very nice
so how do you do it?
Hey Sharleen. What do you mean?
did you go to business school as well ?
I did not. Thanks for watching!
Hi I have absolutely amazing color brushes I like to send you to try let me know if you are interested ❤you are the best 😊
My from mumbai salon
But colour theory cleass learn give you Number