The Independent Stylist Podcast – Details, episodes & analysis

In this episode of the Independent Stylist podcast, host ⁠Jennifer Kenny ⁠discusses the importance of understanding profitability for business owners in the beauty industry.

She emphasizes the need for financial literacy and outlines the three key profit margins:

• Cost of Goods Sold (COGS)
• Operating Profit Margin
• Net Profit Margin

Jennifer also highlights the benefits of using QuickBooks to track these metrics and make informed decisions about pricing and services.

To Book A PROFIT POWER VIP Service - ⁠CLICK HERE⁠

Takeaways

• Profitability is crucial for running a successful business.
• Understanding your numbers is essential before making pricing changes.
• COGS represents the total cost of products used in services.
• Aim for a COGS profit margin of at least 80%.
• Operating profit margin is what's left after business expenses.
• QuickBooks can provide real-time insights into your profit margins.
• Net profit margin is your take-home pay after all expenses and taxes.
• Set aside 20-30% of income for taxes to avoid surprises.
• Categorizing services in QuickBooks helps identify profitable offerings.
• Focus on services that maximize your time and profit.

If you’ve been looking into the idea of becoming a coach or creating an online course for hairstylists, lash artist, aestheticians, or other beauty business entrepreneurs this episode will help you navigate the feelings of imposter syndrome as you take the next right steps in your career. Learn to lean in to your “why” and remember that showing up authentically wins over perfection every single time. To register for Summer Camp or to work with me 1:1 to build out your course or website head over to www.JenKenny.com

This quick episode is just an extra shot of "remember that you are in control of your life and business" to add to your morning coffee. I'm reading some of my Instagram captions as reminders that you are worthy and don't need to let anyone take advantage of you. All of my people pleasers out there, take note - YOU CAN'T POUR FROM AN EMPTY CUP - and YOU are in control of how your run your business. 💕💕💕💕

www.thecurlgirl.com  

A year into her journey as a salon suite owner, Skye Miranda talks about how she got here, what it was like taking the leap, and how she loves her suite life. 

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Believing in yourself and your own worthiness is the foundation of an abundant business. Protecting your energy is so important. Listen to this quick episode and repeat the affirmations whenever you need a confidence boost or a reminder that you are worthy of your best business and most abundant life. 

1. Jodie Brown from the Hairstylist Rising podcast joins me for a quick bite 🍔 bonus episode that's supersized 🍟 with 3 actionable REAL TALK ways to make more money in your salon suite business right now.
2. If you're lucky enough to be catching this episode in in real time here's your link to get your FREE ticket to the Suite Summit.
3. Definitely make sure you listen till the end to hear how I booked $1500 of appointments with one email and Jodie will add the 🍯 secret sauce to emailing that you're missing out on!

Hunter Donia, aka @HairbyHunty is a gem as well as an expert in automating your salon suite business so that you can prevent burnout and create a sustainable space that makes you great money and also provides an inimitable service experience for your guests.Join us for some laughs, some super hot tea, and the mindset shift that can completely transform your business and help you create a burnout proof salon suite. 

 Get your access HERE -A Really Suite Summit Sign Up -all 3 days FREE

Piper De Young helps beauty and lifestyle entrepreneurs create magnetic brands and she's also created something really amazing called A Really Suite Summit that's just a wild amount of free education for independent beauty entrepreneurs and I'm so honored to be included this year. Listen to out chat about how having an on point website can be "the thing" that your business needs to help you get to the next level - and why it's not a scary as you may think to make a gorgeous website a reality.

 Get your free ticket to A Really Suite Summit  

Join Beyond The Chair University

My quick and dirty reels creation process that helps me always have content on hand to serve and inspire my ideal people. Check out BEYOND The Chair University www.beyondthechairuniversity.com

Free 3 day pass to the Suite Summit

Hairstylist, Content creator, ex-influencer, photography expert and digital education creator Cryistal Casey aka CryistalChaos joins me for a very open chat about instagram prioritizing creators and cracking down on copyright infringement and why this really matters for the beauty industry and how we can all elevate the industry by complying with instagram's terms of service - and trust me, you’ll want to know this info! For more info about any of the education you heard us mention in this episode Photography courses , Rate sheets & media kits , Photography cheat sheets  OR to work 1:1 with Cryistal find her at @CryistalChaos

Get your free 3 day pass to the Suite Summit