Bloom Method Colour Studio

To my hair stylist friends, please just keep your wits about you. ⁣
If you are a commission stylist, apply for unemployment benefits now. Know that a lot of people, in a lot of industries, are doing the same and you may need to have extra patience when it comes to the online application portals. ⁣
⁣
For my Independent Contractors out there, Stay Calm. We are not eligible for unemployment benefits, this is one of the many risks associated with self-employment. ⁣
⁣
If you need $$ now to get through the week, I suggest continuing to sell your retail products. Be wary of selling gift cards, or allowing people to pre-pay for future appointments. Don't solve a SHORT TERM problem, with a long term solution. If you need clarification or just want to talk things out, text/dm me! ⁣
⁣
Use this time wisely! If finances have you stressed to the max, then changes need to be made for your future. Take the time right now to go over your spending for the past 3-4 months. Look through your bank and credit card statements, categorize your spending look at your totals. The first step to financial freedom is KNOWLEDGE! Look at where your money is going, find waste, and make cuts where you can. ⁣
⁣
When I started, I was spending $100+ per month on starbucks runs, and compared to most of my stylist pals I was probably on the low end. Maybe coffee isn't where you want to make concessions, and that's okay! You can budget for whatever fits your lifestyle, but chances are you'll find something in your budget that makes you go 🤢 ⁣
⁣
I could talk about this stuff forever! I have a ton of great resources to share if that interests you! ⁣
⁣
If you want to focus on increasing your income in the future, then again USE THIS TIME WISELY! Sit down and make a business plan, I have resources for this too. Some paid, and some free. Create and edit your social media content, address your online presence, organize your inventory process, analyze your business model, perfect your systems, educate yourself on taxes and self employment, set up your online booking software.