How to master your salon figures
Do you want to grow your business, attract more clients, and make more moolah? Duh – of course you do!
But how well do you know how your salon, spa or barber business is performing? Can you recall last week’s key performance indicators (KPIs) on the fly? If not, do you think you could spot a downward trend and tackle it before it runs away on you? Maybe not.
Learning to data crunch is all about kicking guesswork to the kerb so you can work smarter, not harder. The thing with your numbers is they can change in a jiffy, and if you’re not keeping a close eye on them, they can seriously impact your business. So if you feel like you need a little coaxing towards learning to love your business stats, read on.
Focus your energy
The thing is, numbers can be really overwhelming when there are so many to look at – you really need to know and understand what you’re looking for. That’s when the magic happens! To help get you kick-started, the reports and KPIs you need to have your eagle-eye on are:
• Number of clients
• New versus existing clients
• Returning clients
• Rebooking %
• Visit frequency
• Upselling
Focusing your energy on just a few key statistics each week is much more manageable and sustainable in the long run for a busy business owner. Leave the nitty-gritty reporting to the end of the quarter or year, or for when something is raising a red flag.
Consistency is key
That old chestnut. Let’s face it though, if you’re not consistently checking your KPIs how can you possibly spot trends or alter your approach to how you do business? Make it a habit to spend half an hour on a set day and time each week to sit down with a cuppa or a glass of bubbles (we won’t tell) and go over your numbers.
Once you’ve established a routine, it will be much easier to sit down and go through your stats. The cheeky glass of bubbles might help too!
Share with your team
Take time each week to catch up with your staff, share last week’s highlights and lowlights, and praise team members for a job well done. Likewise, let your staff in on the KPIs you’ve set for the business! It will help give everyone a common goal to focus on. After all, your team needs clear expectations from you, and your numbers can help inform those expectations.
For example, if you want to increase your number of upsold products, set goals and targets for your team to strive for. Maybe the previous week they sold 13 products and you’d like them to sell 18 products a week. Setting a target of just one extra product a day is an achievable target they can work towards.
Heart-throb for results
What’s the kicker that will teach you to love your numbers? Seeing your results soar. That clear inching towards your next goal. That visible success that’s so sweet you can almost taste it! Being able to see your hard work pay off is the biggest reward you could ask for.
If that doesn’t get you hooked on your numbers, nothing will.
For the first time ever, Shortcuts Cloud Reporting provides you with a visual overview of your essential business KPIs. Your business data is displayed in easy-to-read graphs, tables and reports, and is at your fingertips on a smartphone, tablet or computer whenever you need it. It’s never been easier to keep track of your business performance, no matter whether you’re in the salon, at home, or out and about.
Read Shortcuts' advice on how cloud technology can transform your business, GDPR, and getting to grips with your salon’s figures, why you should invest in your website.
Sponsored story