1
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Setting Your Financial Goals
How to do it
Identify your income goals (monthly and yearly)
Understand that your skills and experience impact pricing
Set a monthly take home ‘salary’ goal
Use this formula: Revenues - Expenses - Tax = Take Home Pay
Use Solo's Pricing Calculator & Business Plan
💡Tip: Consider lifestyle and personal financial needs. Think long-term: retirement, savings, health insurance
Defining Success on Your Terms
What does success look like to you? (Time off, income, clientele?)
Set SMART financial goals (Specific, Measurable, Achievable, Relevant, Time-bound)
Align your goals with the life you want to build as a solo beauty pro
Avoid comparison, focus on your personal vision
Next Lessons
Pricing - Dos & Don’ts
2
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Follow these simple Pricing Dos & Don'ts to ensure you have confidence in your price increases
Understanding your Expenses and Tax
3
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Understanding your Expenses and Tax can save you thousands each year and is key to staying stress-free come tax season.
Managing Your Business Accounts
4
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Practical reminders on managing your business accounting.
Save Money Knowing What you Can Write Off
5
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Know how you can reduce your taxable income by deducting legitimate business expenses
Your Business Costs
6
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To accurately price your services, you need to know exactly what each treatment costs you
Pricing Calcuator & Business Plan
7
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03:39
Demo of how to use Solo's Pricing Calculator and Business Plan tool