065 - Using Profit First To Be Prepared for the Unexpected

Running your salon week to week can be stressful as it is... But throw in a burst pipe, a staff injury, a freak storm, unexpected morning sickness... any one of these can curveball your cashflow for weeks. In this episode, I’m not handing you a shiny new tactic. Instead, I’m putting on the big-sister / risk mitigation hat and asking: Could your business survive a completely random shutdown? We'll talk about, • Cyclone Alfred – the real-life examples from SEQ salons that had to close with only days’ notice in the first half of this year • Why “it won’t happen here” is wishful thinking – fires, leaks, power outages, staff on light duties… stuff can happen anywhere. • The Profit-First buffer – how one client weathered a six-week closure without panic because she’d banked the cash first. • Your mini-prep checklist – 3 quick questions to gauge your ability to weather any storm (literally or metaphorically) in your salon. This episode is an important reminder (maybe a practical wake-up call) to build the financial padding that keeps a bad week from turning into a business breaker. Hit play, take notes, then check your cash buffers. If you realise you’d be sweating after two quiet weeks, let’s talk. 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 Ready to Prosper and Profit? Let's dive in. 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