Business Plan For a Beauty Salon – Cash Flow Decisions

Creating a business plan for your beauty salon presents the perfect opportunity for you to create a functioning cash flow statement (sometimes called the statement of cash flows). This will allow you to make key decisions about cash flow going forward.

Creating the Cash Flow Statement

It is highly recommended to start with an Excel template or financial model example of some kind for your salon’s cash flow statement. It need not be an model specifically tailored towards a beauty salon, but should be for a similar business (i.e., one that makes revenues through services and product sales, pays rent for a location, etc) so that minimal customization is required. Starting with a template can save a great deal of time in the creation of the statement.

Three Sections of a Cash Flow Statement

This will describe cash inflows and outflows in three areas: operating activities, investing activities, and financing activities.

Operating activities include cash brought in from customers in the form of sales and cash paid out for operating expenses. This will generally represent the highest inflows and outflows on the cash flow statement and should result in a positive number each month for a profitable company.

Investing activities do not mean the company’s purchase of stocks or bonds (although this kind of rare activity would be included here). They are generally activities where the salon invests in itself. Whenever a capital purchase of an asset is made (equipment, leasehold improvements to the salon, furniture, etc.) the payments made will represent a cash outflow. If these assets are ever sold off, the money brought in will represent a cash inflow here. Generally, a functioning company will have negative cash flow in the investing area.

Financing activities are related to the funding of the company by investors and lenders. When funders put money into the company in the form of equity or debt capital, this represents a cash inflow here. When dividends are paid out, shares are bought back from equity investors, or lenders are paid back their loan principal, financing shows cash outflows. Note that paying interest on loans represents an operating activity in the United States.

Cash Reserves

By seeing how low the ending cash balance each quarter, month, or week drops to, you can determine what size cash reserves the company will need. Make sure that cash reserves cover all negative balances as well as at least thousands of dollars more as a cushion to prepare for cost overruns or revenue shortfalls.

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How to Plan Your Own Wedding

There are many different planning aspects that go into planning your own wedding. You cannot forget the little details that go in between all of the larger decision processes. Once you get engaged, you should first set you budget and pick a theme. You and your fiancé should be making these decisions together, so you should be talking through your ideas together and make sure you’re both getting involved!

Once you have talked about your theme together, you should look at your budget and what you envision spending on your special day. One very important thing that you must have when planning a wedding is a folder/notebook containing all of your information about venues, photographers, photos of ideas, etc. so that nothing will get lost. You can keep all of your contacts, contracts, emails, and quotes in one place so that you can access them easier. This will help the closer you get towards the date because most vendors will ask for other vendors contact information so that they can be in contact and on the same page about everything the day of.

Once all of this is taken care of, you can set a date and create a guest list. You should first decide what part of the year you want to get married in, and check with your important family members before you book anything. You need to be very flexible in this process because it is very hard to get the first date you decide at a venue. Most people are booked up until 2020 right now, and 2018 just started.

The next step would be to choose a venue. This is one of the biggest decisions, but it should be the most fun! Once you find one, a lot of things will fall directly into place. When looking at venues, you should always remember that you don’t have to get married in only a home or church, there are plenty of other places to consider! This is another part of the process that needs you and your fiancé to be flexible in the process.

Once you have chosen a venue, the next steps would be to find a photographer, a dress, entertainment, catering and drink, and suppliers. Some things will be harder than others, but if you planned your date far enough in advance, you should have plenty of time to find the perfect people for these jobs in order to make your special day that much better!

Do not let the planning get the best of you, make sure to enjoy it along the way! It is you day, so you need to make sure that you are not just focusing on making other people happy, and you focus more on how to make you and your fiancé happy. Marriage is so exciting and your wedding day should be the best day of your life, but remember what really matters- you will be with the person you love the most for the rest of your …

Plan Your Diet In True 'Melonish' Style

As Watermelon Day (Aug 3) is drawing near, more and more people are going ga-ga over the benefits of watermelons. Researches have brought to light the immense health benefits that watermelons store up within themselves and scientists are on the look out for some more revealing facts about this amazing fruit. Lycopene, one of the most-talked about nutrients in watermelons, is the target of observation of most of the scientists. Watermelons store a high percentage of water besides containing decent proportion of essential vitamins. It acts as an antioxidant, relieving the body of stress during the summer months. Watermelons are excellent rejuvenators, relieving the body of fatigue after an exhaustive day's work. No wonder, watermelons are vastly becoming popular with the health conscious and diet freaks. Current trend reveals a huge number of people switching to watermelon diets so as to lead a fit and healthy life.

People recommend numerous ways of leading a healthy life. Hitting the gym, following a vegetarian or protein diet, fat-free food … the list is endless! Some of these diet patterns are often boring and tasteless. Variety is very important to tickle one's taste buds. So whatever diet pattern a person follows, he or she should keep on altering so as to retain interest in food intake. Lack of attention to one's diet might even cause anorexia without the person realizing so! To avoid such mishaps, try out some excellent mouthwatering recipes that are low cal and loaded with a number of essential nutrients. You guessed it right! It's definitely gonna be some of the best-known watermelon recipes. These delectable recipes can act as snacks, appetizers, filling lunch or dinner, a refreshing drink, delectable desserts and what not! When so many healthy options are on offer, one can hardly control oneself from switching to a watermelon diet.

As appetizer, one can try out the Balsamic-dream appetizer ie watermelon cubes sprinkles with fresh limejuice and balsamic vinegar, to be served with cheese and crackers or bread slices on the side. Watermelon gazpacho makes an amazing summertime starter, using pureed watermelon as its base instead of tomatoes. A combination of cheese (feta cheese or goat cheese) and chilled watermelons can provide you with an energy-driven breakfast. Watermelons can also be used for dressing seafood like crab salad to make a healthy and wholesome lunch. Spicy watermelons, sprinkled with either pico de gallo seasoning (a chili-mixture available in Latin American markets) or an Asian chili salt (a mixture of salt and chilies available in Asian markets, such as the Vietnamese Bon Bon brand) are hot snacking items . Watermelons, in combination with dry sake (Japanese wine), make an excellent sorbet. Smoothies of watermelons are teamed up with various fruity flavors especially strawberries. Watermelon pies and other forms of its desserts are just too irresistible! Watermelon rinds can be pickled, barbecued or even made into salad with ginger and grenadine. These preparations can be made easily without any hassles and do not consume much time. These amazing varieties …

How to Plan a Surprise Anniversary Party Starting With Midnight Gift Delivery

The 50th wedding anniversary is a milestone that should be celebrated by every couple. A half a century of love, laughter, and tears is meant to be enjoyed with friends and family. Yet, many old couples are too shy to throw a lavish party on such a special occasion. Thankfully, executing a surprise anniversary celebration is very simple and can be planned by children or grandchildren. The reason for it is – over the years' books and books have been filled with memories which can be put to use for inspiration for the party.

Here is the step by step guide on how to arrange a surprise party that reminisces cherished memories and creates new unforgettable ones.

  • Start with a gift delivered at midnight

Since an important couple of the day has no idea that a party is planned to celebrate their 50th, the best strategy is to throw them off track even more. The advice is to order online or a small gift and get it delivered to their home at 12 am. The happy couple will be delighted with the present and believe that is the end of the celebration because a midnight delivery is special enough. This will ensure that you are not troubled with making certain that the surprise is not ruined by the couple before the party begins.

  • Move on to splendid invitations:

The next step after cake online or a gift online is to plan the invitations. A small get-together that includes only the closest friends and family or a lavish affair, both demand creative invites because the event is notable. Some simple ideas are:

  • Printing the favorite photo of the couple on the card
  • Using the same theme as that of the party décor
  • Taking inspiration from the sanctity and integrity of marriage
  • Deciding on the theme of the party:

Once the invites have been designed, printed and posted, think over the concept of the festivity. Traditionally, the theme of a 50th wedding celebration is gold, and the flowers that depict are Violets. Thus, ideally, the idea of ​​the party should be gold and violet. You can use the two colors to decorate the venue and even in the cards that are sent out to guests. For gifts to the couple of the day, you can use a gold watch or cufflinks for the man and gold jewelery for the woman.

For a more modern approach, you can pick a different theme. An example would be an old song or movie the couple has always loved. Or you can simply create a timeline of their 50 years together. Use pictures and videos of the past to create a walk down memory lane.

  • Choosing the menu of the night:

A delicious cake with excellent food and free-flowing drinks are the three tricks to an extraordinary party. Begin by carefully picking a 50th celebration cake. A good order cake online will help you select the most appropriate design. The ideal design would be a picture …

Shopping for a New Health or Dental Insurance Plan?

If you are one of the many self-employed or work for an employer that does not offer any insurance benefits, you will have to shop for health and dental policy on your own or with the help of an insurance agent. For some this may seem overwhelming but it really only takes some research to gain better understanding on how insurance plans are organized.

When reading a health insurance policy you will encounter insurance specific terms. These terms tell you what you are responsible to pay and what the insurance company will pay.

Copay – This is a cost sharing agreement in which the insured pays a predetermined amount and the insurance company pays the rest. Example: You have a $50 copay for a doctor visit where the cost is $80. You pay the $50 and insurance pays $30.

Deductible – This is how much the insured is responsible to pay before insurance will begin to pay. The higher the deductibles, the lower the monthly cost.

Coinsurance – This is another cost sharing agreement but in this one you pay a certain percentage and the insurance company pays another percentage. Example: Your office visit cost $80 and you are responsible for 30% which is $24 so the insurer will pay 70% which in this case is $56.

Waiting period – This is a way for insurance companies to cut cost and avoid paying for pre-existing conditions. Waiting periods vary but you may encounter waiting periods anywhere from 1 to 12 months for services that will later be covered.

Dental insurance companies offer many plans but most fall into the category of a savings plan, a network plan or a fixed benefit plan. Each plan will address preventative, basic and major services. Consumers need to be educated on what all that means because the three basic types of plans are very different.

The dental savings plan is cheap and only offers network discounts. Most advertise discount ranges of 20% to 65% depending on which provider you choose. Some people think these plans are worthless and do not offer much benefit but they are perfect for people who only need cleanings, few basic services and no major services. The other thing to consider is that the network and fixed benefit plan have a maximum amount of benefits per year. This plan does not so it could also augment a network plan.

A network plan has copays and deductibles. It offers more coverage with an emphasis on preventative services and happens to be the most expensive option. This plan will typically pay 100% of your preventative services and percentages of your basic and majors. Some will have a waiting period on these services and some do not cover major services at all. You must determine if you have a risk of needing major services or if you can augment the plan with a savings plan.

The fixed benefit plan pays predetermined cash for covered services. If your family cannot afford a network plan, …