Chapter 4

Is the salon profitable, or is the drawer just full?

Tiệm có lãi thật, hay chỉ là ngăn kéo còn tiền?

The chapter's question

How much am I paying myself, and on which line does it sit?

Big idea

An owner who withdraws money at will has found the fastest way never to know whether the salon is profitable.

In this chapter

  1. Part 4.1

    Two Accounts

    Are the salon's money and my own money sitting in the same place?

  2. Part 4.2

    The Owner's Wage

    If I hired someone to do what I do, what would that cost per month?

  3. Part 4.3

    Taking Profit on a Schedule

    Do I draw profit on a schedule, or whenever the account looks full?

  4. Part 4.4

    Unpaid Family Labour

    How many hours are family members working that never appear as a cost?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of Cash in the Drawer is free to read right here.

Read in Conan School

Chapters of Cash in the Drawer

  1. 1.How few numbers tell me if my salon is healthy?
  2. 2.Copying a competitor's prices: whose costs am I covering?
  3. 3.I preach client care, so why does payroll reward volume?
  4. 4.Is the salon profitable, or is the drawer just full?
  5. 5.Should I invest where it shows, or where it's stuck?