Salon Survival: New Budget, New Strategy

Episode 55 of the Hair Life podcast, hosted by Nathan Plumridge, titled "Salon Survival: New Budget, New Strategy" was published on November 29, 2024 and runs 42 minutes.

November 29, 2024 ·42m · Hair Life

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Episode Description

How will the recent budget changes impact your salon’s finances, and what steps can you take to navigate the challenges ahead?

In this episode of Hair Life, accountant Melanie Beach joins us and breaks down the financial changes hitting small salons, including the rise in national insurance and its effect on SMEs with five or more employees. Melanie offers actionable advice on cash flow management, transparency with staff, and how to create a strategic financial plan to stay ahead. We also explore the importance of consistent reporting, managing costs, and the value of investing in apprentices.

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