Free calculator for salon owners
Can you afford to hire a new stylist?
A new stylist on commission costs little until they book clients. A guaranteed wage while they build a book is where the cash goes first.
Lowest cash, next 12 months
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Cost before they pay off
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wages paid before new revenue starts
Paid back by
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month the hire covers its own cost
| Month | Without the hire | With the hire |
|---|
The starting numbers are an example for a salon. Replace them with yours.
The worked example
Here a new stylist costs $3,200 a month and starts bringing in $4,800 a month after 3 months. The business pays $9,600 before the hire covers a dollar of it.
How to make the hire safer in a salon
- Offer a guaranteed wage for a set number of weeks, then move to commission.
- Hire when existing stylists are turning clients away.
- Give new stylists walk-ins and overflow first.
See every hire in your forecast
One Page CFO adds the hire to your 13-week forecast and shows the tightest week before you commit.