“I think my business is doing okay… but honestly, I have no idea what the numbers are really telling me.”
If you’ve ever had that anxious gut-check—wondering if your skincare business is truly doing well or if you're just treading water—you’re not alone. When you’re the one behind the chair, booking appointments, ordering products, and handling the day-to-day chaos, it's easy to lose sight of the bigger financial picture. But here’s the truth: being busy doesn’t necessarily mean your business is financially healthy. Real financial health isn’t about feeling “busy” or surviving month-to-month—it’s about knowing your business is stable, profitable, and prepared for future growth. And once you understand the key levers, you can stop guessing and start growing. Here’s how to tell if your skincare business is truly on solid financial ground: 1. You’re Seeing Steady Revenue Growth (Not Just Busy Days) It’s one thing to have a packed schedule, but are your numbers actually increasing over time? True financial health means:
2. You Have Solid Profit Margins (Not Just High Sales) It’s not about what you make—it’s about what you keep. Healthy profit margins mean:
3. Cash Flow Isn’t a Constant Stressor A financially healthy skincare business doesn’t just make money—it manages it well. That looks like:
4. Your Balance Sheet Doesn’t Scare You If you can confidently say your business has more assets than debts—you’re in good shape. A healthy balance sheet reflects:
5. Your Clients Keep Coming Back—and They Tell Their Friends It’s not just about money. Financial health is tied to client loyalty too. Your business is stable when:
6. You Have a Plan for the Future (Not Just for Next Week) Being financially healthy means you’re not living appointment-to-appointment. You have a strategy. This includes:
So… How Do You Really Feel? If you’re reading this and realizing you don’t have clear answers to some of the above items, that’s okay. Most beauty business owners were never taught how to read financial health—they just jumped in and figured things out as they went. But there comes a point where “figuring it out” turns into burnout, and uncertainty starts to kill your momentum. You deserve better. Imagine being able to look at your numbers and feel calm. Confident. In control. That’s what true financial health gives you—not just more money, but more peace of mind. And you don’t have to figure it out alone. Contact me if you need help.
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AuthorLilly Cook is a seasoned Bookkeeper, Licensed Esthetician & Instructor and owners of two Spa & Wellness businesses. Archives
April 2025
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