THE WAXOPOLITAN

5 Tips to Prevail from Financial Instability | Be in control of your money!

Hey Starpil Fam,

As some estheticians are beginning to reopen, many others throughout the country these past weeks are seeing that there is light at the end of the tunnel. The quarantine has tested all of us one way or another, but we are now closer than ever to the new normal!

Here are five steps you can take to prevail from any financial instability you’ve been experiencing and how to prepare yourself for the days to come:

 

Step 1: Preserve & Access Cash

Have a secret stash? good, you’re one step ahead!

Preserving cash from your business and personal life is a great first step to take. You can request late payment forgiveness on your bills and cut back on other expenses that are not essential. Check for paid subscriptions you aren’t using, don’t need, or modify existing ones where there’s room.

If preserving cash is not enough to help, you may want to find other ways that you can get cash quickly. Try growing your cash savings by selling gift cards or upselling take-home products during services. Customers will want to support your commitment and dedication to your business and craft.

You can also apply for a grant or loan. Ensure you do your research and check your sources as you do not want to fall for a phony or scam.

Step 2. Budget Your Money

This might be something you already do, which is excellent! It’s important to plan out when and where your money is going throughout the month. This way you’ll have a clear idea of what your finances look like.

A planner is a perfect tool for budgeting! Use it! Set bill dates, paycheck days, and anticipate spending money all in one place to stay organized.

Step 3. Raise Your Financial Acumen

We all fear the unknown. Challenge yourself to really grasp the numbers game of your business. Too many business owners place their entire focus on their services, disregarding the financial side.

Rent, overhead, payroll, utilities are all things you need to familiarize yourself with in order to take your business to the next level! By understanding the numbers game, you’ll be able to do more of what you love and can start to scale!

Step 4. Buy Wholesale

Whether you have a house full of kids or your salon is your only child, make sure you’re setting yourself up for success! Avoid costly single/individual items that you’ll have to buy again soon at full price.

Explore bulk option pricing and stock up your home and suite for the next few months to save yourself multiple trips, and most importantly, money!

At Starpil, we have two tiers of special wholesale pricing for our premium European products.

Click the link below for our online wholesale options.

https://www.starpilwax.com/collections/wholesale-waxing-products

If you’re a serious wholesale buyer focused on growing your business, fill out our Wholesale Request Form or call a Personal Account Manager (PAM) for more information on additional savings.

Wholesale Request Link

https://www.starpilwax.com/pages/wholesale-request

Customer Service Phone Number

Step 5. Always be Grateful

It’s so easy for us to feel like we are singled out by life, and going through motions that no one understands. The truth is, we are all in this together, and there is always someone wishing they had a fraction of what we do. Practice mindfulness and gratitude to keep you in the present moment, and happy about the positive things that surround you in life, including an income!

At Starpil, we take your finances and your comeback very seriously! That’s why we created the ‘There’s a Wax for That’ page.

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Find the right wax that fits your waxing style and technique. Unsure about the difference between hard and soft wax? We’ll answer that and much more so you can be confident about the products you purchase.

If you’re ready to give your workstation more balance, check out our Yin-Yang sale for 15% off select items!

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Special Thanks to 'American Salon' for inspiring this topic. To read their article click here


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