Pricing For Profit: Free Yourself From Financial Stress By Understanding Your Numbers with Laura O’Hagan
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The maths should be simple: a busy week plus heaps of clients equals a big payday for you, right? But a busier week means you used more products than usual, staff hours increased, you didn’t have time to do your socials and marketing, and just to top it off you’ve still got that big insurance bill to pay by the end of the month. Once all those expenses are taken from your overall income, that big payday starts to look… well, non-existent!
Financial freedom might sound like a far-off dream, but here to change your money mindset this week is profit and growth specialist Laura O’Hagan. Beginning her accounting career in the corporate world for a Big 4 company, Laura was all too familiar with the power of having a strong financial plan. But she realised she never saw the exciting part of business anymore: the working mum who achieves the saving target they never thought they could, or the overwhelming joy of a family taking their small business and scaling it to over 6 figures. She now works specifically with spas, salons, and clinics, with a passion for ensuring beauty business owners are paying themselves the wage they deserve!
We talk about how you can take a ‘profit first’ approach to your finances, rather than just taking whatever is left over after all those expenses are paid. We’re also debunking some of the most common financial myths and mistakes that beauty business owners get caught up in (hello, GST and tax time!) so that you don’t have to repeat them too. Laura has seen so many of her clients who have gone from stressing every single day about where they’ll get the money to pay the bills, to being financially stress-free and using all of that brain space for good rather than worry! This is your opportunity to take back control of your numbers - rather than being the other way around.
Change the way you think about your business:
💰Financial avoidance: ignoring your numbers isn’t going to fix them!
💰Taking a ‘profit first’ mentality to your accounting to prioritise paying YOU first💰The percentage-based strategy that will future-proof your business through the busy and quiet times
💰Changing your mindset around investments (from coaches to the stock market) - you can’t afford NOT to do it!
Wanting to take back control of your finances, and live a life free from financial stress? Laura shares some of her life-changing advice on her socials, and if you want to take your profit to the next level, reach out to her on her website:
https://www.instagram.com/laurajohagan/
I want to empower women in the beauty industry to create an impact, build an empire, and leave their legacy!
Are you ready to become an industry powerhouse? Join the Beauty Industry Leaders Skool Community, where I'll be sharing exclusive strategies to help you elevate your business, attract high-end clients, and gain industry authority:
https://www.beautyindustryleaders.com.au/join-our-community
If you have any questions about the episode, or have a burning question you’d like me to answer on the show, or if you’d like to join our movement of ambitious beauty leaders, connect with me and the rest of our incredible community on Instagram:
https://www.instagram.com/sammykennedycoach/
https://www.instagram.com/beautyindustryleaders/
25 episod