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Profit Calculator + Check-In
Hey girlies! Q4 is finally here and the time to lock-in is NOW! If you haven't already started, you should be thinking about Black Friday offers, end of year client appreciation celebrations, and how you're going to close out the year with a MAJOR BAG! Should we do a workshop specifically on Q4 planning? 👀 In other news, nobody checked-in last week! 🤔 Where y'all at!?!? Actually implementing the things we discuss in our community workshops is the only way you can expect to see results and growth in your business! Let's go back to our last post and share those wins, challenge feedback, and anything you need help with. As promised I am attaching a link for you all to access the Profit Calculator! In last week's workshop we talked all about financial organization and this Profit Calculator is the perfect tool to get clear on your pricing and to know if you're running a truly profitable business. Once downloaded, PLEASE REMEMBER: 1. Immediately make a copy of the Excel/Google Sheet to start on a blank canvas 2. Follow the instructions in the User Guide to ensure you are entering your numbers in correctly for the most accurate calculation 3. Don't hesitate to come back and ask questions if you're confused! https://docs.google.com/spreadsheets/d/1Zz1njRbdWW9LPZUX-sRI3Ezq5XB6HEXaygploqWsunk/edit?usp=sharing As CEOs, we don't guess, we operate in clarity and strategy and this calculator is your new tool to operate on CEO level!
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Accountability Check-In!
Wax Queens, last week we had our Finance for Waxers workshop where we talked about being a CEO and not just a service provider. We talked about knowing your numbers, how to pay yourself, and how to track how profitable your business actually is. Now, I wanna know 👀 did you actually execute? Your homework was to: ✅ Gather your last 3 months of bank statements ✅ Categorize your income and expenses ✅ Calculate your monthly revenue ✅ Calculate your monthly expenses ✅ Calculate your average client ticket ✅ Create a separate tax savings account and personal pay account (if you didn’t already have one) Let’s chat! If you completed everything, what did you learn about your back office? What surprised you the most? If you haven’t done it yet, let me know how I can help you! There is ZERO shame in not having it done yet. But there IS a problem with continuing to say you want a profitable, organized business while avoiding the numbers that tell you what’s actually happening. So comment below and let me know those numbers! 💚
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Finance for Waxers Recording!
Happy Sunday girlies! The Finance for Qaxers recording is officially up! If you missed this one, you’re definitely going to want to go back and catch all the gems. We talked all things money from: ✨ What’s the difference between revenue and profit? ✨ How to pay yourself and your business ✨ How to set up a tax savings account ✨ How to track your expenses to understand your profitability I challenged the girlies to a 7-Day money challenge and helped them establish their end of week and end of month reports so everybody has clarity in what their numbers look like in their business. I also have a profit calculator I’ll be posting later today that you all can use to help calculate what your price per service should actually be. Don’t forget to come back here and leave your feedback! Share your homework from the workshop, ask any questions you may have, share how this workshop helped you. https://us06web.zoom.us/rec/share/NboN9MHDndeExFERfMgbe2vhKTFf64zT3qaEDcngdIuX4is6lzNNhrw30qfxdZTI.plQ_YTRq_6PGfvfI Passcode: J&3aJMAm
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We’re Live!!
Zoom Link: Mikaela Grissom is inviting you to a scheduled Zoom meeting. Join Zoom Meeting https://us06web.zoom.us/j/88146023648?pwd=OlJnm7YRKDyPyZCjg8QD4FnsGIZNxD.1 Meeting chat link https://us06web.zoom.us/launch/jc/88146023648 Meeting ID: 881 4602 3648 Passcode: 868968
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MONEY CHECK IN! 💸
Wax Girlies, we need to talk about your money! This Thursday, we’re getting into a topic that every waxer needs to bunderstand if you’re serious about building a profitable and lasting business: FINANCES And I know most of us hate math 😂 but this workshop is super important because if it don’t make money, it don’t make sense! Knowing where your money is going, what you’re actually keeping, what your operational costs are, and whether you’re truly profitable is a completely different conversation than just talking about how to get clients on the books. In this workshop, I’m breaking down the financial organization system I believe every waxer needs to have in place. We’ll be discussing: 💰 Revenue vs. Profit 📊 Numbers you need to know and how to rack them 🧾 How to organize your business expenses 💸 Creating a system for paying yourself 📚The weekly and monthly check-ins you should be doing 🚨 Financial mistakes than can leave you booked and busy but still broke For our next workshop, I plan to go even deeper by bringing on a guest tax expert/CPA so think of this as Part 1: Getting Your Finances Organized If you’ve ever felt like you’re making money but have no idea where it’s going, this workshop is for you! I’ll see you this Thursday at 9 PM 💚 Zoom Link: Mikaela Grissom is inviting you to a scheduled Zoom meeting. Join Zoom Meeting https://us06web.zoom.us/j/88146023648?pwd=OlJnm7YRKDyPyZCjg8QD4FnsGIZNxD.1 Meeting chat link https://us06web.zoom.us/launch/jc/88146023648 Meeting ID: 881 4602 3648 Passcode: 868968 ---
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