SMME #380 Employee Breakeven Calculator

Spa Marketing Made Easy Podcast

In this episode, we look at the importance of intentional spending when it comes to hiring providers for your spa. As a spa owner, making sure that every penny spent is purposeful and benefits the company is essential for long-term success, especially in the spa and service industry.

Learn how to use a simple calculator to assess your employees' performance and make informed decisions that will help you navigate the challenges of growing your business in today's competitive landscape. Focusing on these aspects of your business can reduce stress, increase profitability, and massively impact your revenue.

In this episode, we discuss:

• The importance of intentional spending and payroll management in a challenging economy

• Industry statistics on new business failure rates and the significance of beating the odds

• Recommended payroll benchmarks for the spa and service industry

• How to determine if your providers are paying for themselves within 90 days

• A simple calculator tool to assess employee performance and make informed decisions

To read the full show notes for this episode, visit: https://www.addoaesthetics.com/blog/380

Keep the conversation going inside the Spa Marketing Made Easy Community by clicking here.