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Braving The Financial Jungle

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Peggy Wynne Borgman
Peggy Wynne Borgman

Understanding financial ratios in your spa or salon and setting up your income statement

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Braving the Financial Jungle SpaFinder Experiential Learning Event 2008 By Lisa M. Starr Wynne Business
Effective Financial Management ,[object Object],[object Object]
What is Success? ,[object Object],[object Object],[object Object]
Income Statement Layout ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tracking Revenue ,[object Object],[object Object],[object Object]
Chart of Accounts detail ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
Tracking Revenue ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Recommended Retail to Total Sales Ratios in a Day Spa
Tracking Revenue - Typical Metrics ,[object Object],[object Object],[object Object],[object Object]
Tracking Revenue - cont’d ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tracking Expenses ,[object Object],[object Object],[object Object],[object Object],[object Object]
Labor & inventory chart of accounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
Departmental Analysis
Tracking Expenses – cont’d ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Other Expenses ,[object Object],[object Object],[object Object],[object Object],[object Object]
Financial Performance Strategies ,[object Object],[object Object],[object Object],[object Object]
Performance Strategies – cont’d ,[object Object],[object Object],[object Object],[object Object],[object Object]
Action planning ,[object Object],[object Object],[object Object],[object Object],[object Object]
Action Planning - cont’d ,[object Object],[object Object],[object Object]
Braving the Financial Jungle THANK YOU FOR YOUR ATTENTION! A copy of this presentation will be posted on www.wynnebusiness.com Lisa M. Starr [email_address]

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Braving The Financial Jungle

  • 1. Braving the Financial Jungle SpaFinder Experiential Learning Event 2008 By Lisa M. Starr Wynne Business
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  • 21. Braving the Financial Jungle THANK YOU FOR YOUR ATTENTION! A copy of this presentation will be posted on www.wynnebusiness.com Lisa M. Starr [email_address]