This show was created for Salon owners who have decided to start running their salon like a business rather than a hustle.
The focus of the show is to help salon owners understand the numbers behind their business so they can grow and make extraordinary profits.
My name is Desarie Anderson, a hair stylist turned accountant and financial guide. When salon owners have trouble understanding the finer details of their finances, they come to me. With 19 years of salon ownership experience coupled with my experience in the financial world, I know the ins and outs of both the beauty and the financial industries. Whether you want to minimize your tax bill or grow and scale your salon, I’ve got you covered.
On today’s show, I am going to answer a question I received from a hairstylist out of Atlanta Georgia. The question is related to the age-old question booth rent vs commission. Here is what she wants to know: I currently work as a booth renter, but I am thinking about going to work at a commission salon. My concern is that I don’t know if I feel comfortable giving up half of my money to the shop owner. I was wondering if it makes financial sense to make the move?
I will go over a side-by-side net income comparison between a booth renter and a commission stylist and see what the numbers tell us. I will also discuss the pros and cons of both choices.