Owning the building for your cosmetology school can be a game-changing investment, but is it the right move for you? In this episode of The Cosmetology School Accounting Podcast, host Desarie Anderson walks you through the critical factors you need to consider before making this major financial decision. Whether you’re currently leasing and thinking about buying in the future or you’re ready to take the plunge now, this episode will provide the roadmap to set yourself up for success.
Desarie reveals the three essential must-haves that every school owner needs before purchasing property:
✅ Good Business Records – Your school’s financial history plays a key role in securing a commercial loan and proving to lenders that you’re a responsible business owner.
✅ Money in the Bank – Cash flow isn’t just about making money; it’s about keeping enough reserves to cover down payments, unexpected costs, and financial stability during lean months.
✅ A Trustworthy Commercial Realtor – Finding the right building is about more than just location. A knowledgeable real estate professional can help you find a property that aligns with your business goals and budget.
If you’ve ever considered owning your building instead of leasing, this episode is packed with insights and strategies to help you make a smart, informed decision.
Owning the building for your cosmetology school can be a game-changing investment, but is it the right move for you? In this episode of The Cosmetology School Accounting Podcast, host Desarie Anderson walks you through the critical factors you need to consider before making this major financial decision. Whether you’re currently leasing and thinking about buying in the future or you’re ready to take the plunge now, this episode will provide the roadmap to set yourself up for success.
Desarie reveals the three essential must-haves that every school owner needs before purchasing property:
✅ Good Business Records – Your school’s financial history plays a key role in securing a commercial loan and proving to lenders that you’re a responsible business owner.
✅ Money in the Bank – Cash flow isn’t just about making money; it’s about keeping enough reserves to cover down payments, unexpected costs, and financial stability during lean months.
✅ A Trustworthy Commercial Realtor – Finding the right building is about more than just location. A knowledgeable real estate professional can help you find a property that aligns with your business goals and budget.
If you’ve ever considered owning your building instead of leasing, this episode is packed with insights and strategies to help you make a smart, informed decision.
Host: Desarie Anderson, CPA
Episode Description: In this inaugural episode of "Cosmetology School Accounting," host Desarie Anderson introduces herself and outlines the podcast's mission to provide concise, actionable financial advice tailored for cosmetology school owners. Drawing from her extensive experience as a salon owner and Certified Public Accountant, Desarie aims to demystify financial concepts, empowering beauty education professionals to achieve financial clarity and success.
Key Topics Covered:
Host Introduction: Desarie shares her journey from salon ownership to becoming a CPA, highlighting her dedication to assisting beauty industry professionals with financial management.
Podcast Format: Explanation of the "nanocast" approach—brief, focused episodes ranging from 5 to 10 minutes, designed to fit seamlessly into the busy schedules of cosmetology school owners.
Upcoming Topics: A preview of future episodes covering budgeting basics, tracking tuition payments, managing expenses, preparing for audits, and more.
Call to Action:
Subscribe: Ensure you don't miss upcoming episodes by subscribing to the podcast.
Engage: Share your questions and feedback to help shape future content. Connect with Desarie through the links provided in the show notes.
Closing Thoughts:
Desarie emphasizes the critical role cosmetology schools play in the beauty industry and expresses her commitment to supporting their financial well-being. She encourages listeners to focus on their passion for educating future beauty professionals, while she provides guidance on the financial aspects of their operations.
Outro:
Thank you for tuning in to "Cosmetology School Accounting." We hope today's insights help you navigate your financial journey with confidence. If you found value in this episode, please share it with your colleagues and leave us a review.
For more resources and updates, follow us on Facebook, YouTube, and Instagram @ProfitAndBeauty, and visit our website at andersonaccounting3.com. You can find the links in the show notes.
Stay tuned for our next episode, where we'll explore more topics tailored to the accounting needs of cosmetology schools.
Until then, keep thriving in your financial endeavors!
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