048 - Rapid Fire: Can I Afford to Bring in A New Team Member in My Salon or Clinic?

Thinking about hiring a new team member for your salon or clinic but unsure if you can afford it? In this rapid-fire episode, I break down a quick but powerful 3-step check to help you decide with confidence. Hiring isn’t just about the revenue a new team member could bring in—it’s about ensuring your cash flow can support their role before they start. I’ll walk you through: • The simple wage-to-revenue check to see if your payroll is sustainable • The staff booking percentage that signals whether it’s time to hire • Why profitability before hiring is critical—and how to check if you're in the right position • A Profit First hiring strategy to pre-fund the role and avoid cash flow stress If you’re on the fence about hiring or want to expand your team without financial strain, this episode is a must-listen! Ready to Prosper and Profit? Let's dive in. Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call Loving the podcast? If this podcast is providing value to you, please leave a 5-star review. Connect with Laura Website: www.laurajohagan.com Email: [email protected] Instagram: www.instagram.com/laurajohagan