Overheads & Costings

This video may seem a little tideous but knowing the costs of your business are vital to ensure you are making a profit! Afterall, we all want to make a profit within our business.

Knowing the full cost of each treatment you provide will enable you to uncap your earnings and take home the kind of money you are worth.

Knowing your worth is better than working to make minimal funds to keep up with competitors.

Step by Step:
Add all your Business Overheads for 1 month:
Water, Rent, Gas, Electric, Telephone, WIFI = Total Amount (I have given a figure purely for this calculation of £700)

Average days you work per week - 5
Average Number of Hours in 1 week - 30 Hours
Over 1 Month (5 days x 30 hours x4 weeks) = 600 hours

£700 divided by 600 hours = £1.16

Next,
Work out how much each treatment costs you to ensure you are making a profit. Remember, you need to include the above £1.16 (overhead cost) to each treatment to ensure you are covering all your costs and making money for you to take a wage for yourself.