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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Revealed: hair & beauty pros’ average income isn’t enough to cover cost of living
Many UK hair and beauty pros are not earning enough to cover personal and business costs. These are the results of the first annual pricing survey by Boss Your Salon, which offers pricing, marketing and mindset support to industry professionals. With insight gathered from over 1,200 respondents using Boss Your…
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Here’s what beauty industry bodies are saying about the state of the sector
Two beauty industry bodies have commented on how the sector is faring and how it will cope this winter… NHBF The latest quarterly State of the Industry survey from the National Hair & Beauty Federation (NHBF) shows that the hair and beauty sector remains stable. Receiving 530 responses from UK…
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Struggling with the cost of living? Check out these 5 tips for beauty businesses
Financial expert at Money.co.uk Business Insurance, Cam Jaques, provides advice on how beauty business owners impacted by the cost of living crisis can save money… 1. Be creative with marketing You can advertise your business and spread awareness for next to nothing. Word of mouth is still a great way…
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Over a quarter of small businesses warn of ceasing trading if outlook doesn’t improve
A survey of 1,070 UK SME (small and medium-sized enterprise) owners and self-employed workers by insurance provider, Simply Business, has revealed how the economic climate is taking its toll. The SME Insights Report 2023 finds that 26% of small business owners believe they will be forced to cease trading if…
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9 ways to support employees during the cost of living crisis
Experts at employee engagement software company, Weekly10, have collated nine top tips for businesses to support staff during tough economic times… 1. Focus on employee engagement When employees feel connected to their work, peers and company mission, they’re more likely to find meaning in their work. They feel like they…
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Energy bills make up 40% of hair & beauty salon costs, according to research
According to research by Uswitch for Business, energy bills make up 40% of the average hair and beauty salon’s total business costs. The research also revealed that more than 11,000 salons are financially struggling, with 24% saying they find it challenging to pay their energy bills. These findings come amid…
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Hair & beauty industry faces renewed fight for survival, says NHBF
The National Hair & Beauty Federation (NHBF) has published the findings of its latest State of the Industry Survey, which highlight a slow recovery for the sector and need for further government support. The quarterly survey was carried out between 9-18 January 2023, and gathered almost 500 responses from personal…
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What is the Energy Bill Relief Scheme?
Energy costs for UK businesses, charities and public sector bodies will be cut, as the government has launched the Energy Bill Relief Scheme. The initiative follows PM Liz Truss’s 8 September announcement that businesses would receive a six-month support package for their energy bills. The scheme has been outlined by…
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Half of small businesses forced to increase prices to navigate rising costs
A report into UK SMEs (small and medium-sized enterprises) has revealed the survival tactics they are putting in place, in response to the current economic climate. The SME Insights Report by UK small business insurance provider, Simply Business, surveyed over 1,000 small business owners from across the UK to discover…
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