The budget for your salon & spa is basically the financial plan portion of your business plan. The budget will help you to forecast revenue and what you have to spend.
How Much Does it Cost to Open a Salon & Spa
Costs should be less than revenue. This seems like a given, however if you do not have a budget planned out, it can be easy for costs to add up and costs to exceed revenue.
Know what you have to spend in months/years to come.
Pay expenses regularly. Paying expenses on time and regularly can help to avoid late fees, possible interest charges, and keep your budget on track.
Set targets for growth.
Revise your budget often, even monthly.