Work smarter not harder is a lesson well learned early on :irked: Just because you are prepared to work 16 hours a day don't assume you physically 'can' - you'll put your body under all sorts of physical stresses and strains that you won't be able to do 16 hours a day, everyday. I'm nails only, but I know by 5.30 I'm tired, my eyes are starting to hurt, my arms and back ache and my work suffers if I'm not super vigilent. Imagine doing 8 45 minute massages one after the other, than that's only half of your 16 hour day.
The other thing to consider is that clients don't all want their appointments at steady hourly intervals, if I could clone myself at 5pm I could do the 5 clients all vying for my 5pm appointment, but during the day I'm sat twiddling my thumbs some times. Those who work are the ones who can afford treatments, they're also the ones not available during the day (generally of course - there are those who work odd hours, retired, wealthy, etc who can come during the day but they are rarer).
You need to think about your pricing structure carefully...I'll work in simple terms and I've not included everything but I'll give you some examples:-
To earn £25K take home pay you need to actually earn £31,250 - that figure is based on £25K plus 25%, that extra 25% is needed to pay your income tax and national insurance for the year (approx.)
Working 8 hours per day x 5 days per week = 40 hours (yes you can work more)
40 hours per week x 40 weeks per year = 1600 hours per year (allowing 4 weeks holiday a year)
£31250/1600 = £19.53 per hour
Therefore you need to structure your prices to ensure you earn at least that amount per hour just to cover your time. so for instance, your basic one hour manicure needs to be approx £20. A full body massage for 1.5 hours needs to be £29.25, etc.
Then you need to add in your product costs, and your generall business costs, insurance, bills, advertising, washing, etc. So for a basic manicure lets say you use £3.50 of products (handwash, antibac, cotton wool, abrasives, cuticle remover, paper towel, polish, acetone,etc.) this means your basic 1 hour manicure need to be in the region of £23.50 (£19.53+£3.50). Your full body massage products (??? I'd guess £5??) so £35.00.
***All these figures are approximate and just used for example - other expenses need to be taken into consideration and tax allowances are available***
PPPPP - perfect planning prevents poor performance - I'm sure you've heard it a million times in your current job, apply it in your new one too and you'll fly, good luck :hug:
