You can be fully booked, have thousands of dollars coming into your bank account…and still have no idea how your business is actually doing. 😅
In this episode, we’re going on a Money Date — something we’ve recently introduced inside The Bridal Hair Club to help you get to know the financial health of your business without needing to become an accountant.
I’m breaking down the numbers I think every bridal hairstylist and makeup artist should be tracking regularly — not just at tax time when you’re scrambling to remember what happened six months ago.
We’re talking about the money that’s already hit your bank account and the money you can expect to come in over the next few months (or even next year!).
In this episode:
- Why tracking your revenue isn’t enough — and why profit is the number I really care about
- The income categories you should be tracking so you know where your money is actually coming from
- Why retainers and final wedding payments need to be tracked separately
- How to forecast future income and spot those dreaded slow-season cash flow gaps before they happen
- The expenses you should be keeping an eye on (including those sneaky little subscriptions 👀)
- Why your available vs. unavailable inquiries matter
- How to calculate and understand your booking/conversion rate
- Why your average booking value can help you grow your revenue without necessarily booking more weddings
- How to use your numbers to decide what actually deserves more of your time and energy
- My simple Money Date routine you can do every week, every two weeks or — at minimum — once a month
Because the goal isn’t to track numbers just for the sake of tracking them.
It’s to be able to look at your business and answer:
What’s coming in? What’s going out? What’s left? What’s coming next? And am I on track for where I want this business to go?
RESOURCES MENTIONED
Deep Focus Playlist
My go-to background music when I need to sit down, focus and get some admin done.
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Keep making moves — but keep having fun while you’re doing it. 🤍