Return on investment: what it means & how to calculate it
Global business & beauty education expert, Kim Ford, explains what a return on investment means for your nail business, and how to calculate it. You may ask: what is a return on investment, or ROI? As an example, imagine you purchased a pedicure chair costing £1,000. How many clients have…
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5 ways your nail & beauty business can save money
We are all feeling the pinch, so check out money-saving solutions for your nail and beauty business… 1. Be economical with your products Let’s use a nail file as an example. When you consider how much of a nail file you use in each service, it is rare that you…
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A financial guide & checklist for nail & beauty pros
Vorke Kalusi, founder of beauty business resource, Beauty Hunt UK, serves up financial insight… Understanding finance terms Revenue: The money you make from your services. Expenses: The costs of running your business, such as supplies, rent and utilities. Profit: The money left after paying your expenses. Profit = revenue –…
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Autumn Budget 2024: 5 measures that will impact nail & beauty pros
In the Labour Party’s first Budget Statement for 14 years, Rachel Reeves – the first female Chancellor of the Exchequer – presented the Autumn Budget to parliament today (30 October). With a focus on economic stability and investment, the Budget saw taxes rise by £40 billion and many measures were…
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You’re more than a price tag: how to shine in the crowded nail industry
When you’re a solo nail tech, it’s so easy to feel pressure every time you see another nail tech promoting their services online. You find yourself questioning your prices, wondering if you should lower them, or doubting whether you can keep up. With every tech that launches a business, a…
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Townhouse nail salon brand unveils partnership with skincare icon
Multi award-winning nail salon brand, Townhouse, has partnered with Kate Somerville skincare to offer limited edition treatments from its Beverly Hills salon. The collaboration is the first in the US for Townhouse, which has secured three Scratch Stars Awards and boasts over 40 salon locations. Renowned for its nailcare treatments,…
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UK brand, Nails.INC, announces acquisition & sets sights on North America expansion
London-based nail brand, Nails.INC, has announced its acquisition by Pacific World Corporation, with a goal to solidify its presence in the North American market. Pacific World Corporation is owned by Prospect Capital, a private equity firm based in New York. Renowned for scaling consumer brands, the strategic partnership aims to…
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Britain’s high street shake-up: Nail, beauty & hair salons double in number in 15 years
Beauty salons, hairdressers and takeaways have surged in number on Britain’s high streets in the past 15 years, replacing banks and clothes shops. A report by policy and research consultancy, Public First, analysed official datasets, which included details of VAT-registered businesses in the UK. This analysis found that hairdressers and…
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Beauty pros: Here’s how to communicate well with your clients & retain them
Mastering the art of effective communication with your clients is essential for retaining their loyalty. You can build strong relationships with clients by actively listening to their needs, feedback, addressing any concerns promptly and providing an exceptional customer service. This ensures that they feel valued and understood. Within my salon,…
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Recruitment challenges ‘a concern’ for beauty industry, says NHBF
The National Hair & Beauty Federation (NHBF) has released key findings from its quarterly State of the Industry survey, highlighting ongoing challenges for the sector – despite signs of a gradual recovery. Finding reveal that 73% of the 493 survey respondents across the UK are finding it harder to find…
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