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Summary: Jamie discusses the critical issue of money leaks in the spa business. She identifies seven common profit killers that spa owners face, including discounting without strategy, underpricing services, overstocking inventory, idle staff time, wasteful supplies, lack of rebooking systems, and ignoring financial reports. Jamie provides actionable steps to address each leak, emphasizing the importance of strategic pricing, effective inventory management, and maintaining a productive work environment. The episode concludes with a call to action for spa owners to take control of their finances and ensure they are compensated fairly for their work.
Awareness is POWER
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Keywords
spa business, money leaks, profit margins, pricing strategy, inventory management, staff productivity, rebooking system, financial awareness, standard operating procedures, spa coaching
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