P.R.O.F.I.T.


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Welcome to P.R.O.F.I.T.!

The P.R.O.F.I.T. Program is designed to provide you with a monthly analysis of your salon operation as it benchmarks your performance against industry standards and averages. By continually comparing actual results with projected goals, you can better achieve your desired year-end objectives.  Additionally, P.R.O.F.I.T. also monitors individual service provider performance for so you can ensure each team member is reaching his/her goal as well.

TLC P.R.O.F.I.T. Package pricing: $250 per month, or $1500 for six months (Minimum six month commitment required)

To begin, please take a moment to download and print the starter kit information file Starter_Kit.zip.

This zipped file (starter-kit.zip) contains all the required PDF files you will need. Call or e-mail  TLC if you have any question.

Here is what you will need to do:

step1.gif (412 bytes) Fill-out the P.R.O.F.I.T. "Salon Questionnaire"

step2.gif (469 bytes) Sign and date the Program  “Participation Agreement"

step3.gif (493 bytes) Send in the six month prepayment check or fill out the Payment Form

step4.gif (463 bytes) Forward your 1998 and 1999 monthly income statements and balance sheet information. If monthly statements have not been prepared or do not exist, please send your most recent annual statements.

NOTE:Enclosed is a suggested “Chart of Accounts”.  It is strongly recommended that you or your accountant follow this format to insure the most accurate reporting and analysis of your business.

step5.gif (489 bytes) Fill out the "Stylist Information Form" for each service provider in your salon.Please update this information as necessary (i.e. new hires, pricing changes, etc.)

step6.gif (500 bytes) Fill out the "Stylist Monthly Performance Form” for 1999 for each service provider.Please use a separate sheet for each service provider

step7.gif (1225 bytes) Fill out the "Salon Operations Form” for 1999 .Please fill out a separate sheet for each month.

step8.gif (1256 bytes) If you currently work with an accountant or bookkeeper, please complete and sign the "Authorization to Release Information” form

step9.gif (1246 bytes) Send all the above forms to:

TLC Financial
P.R.O.F.I.T. Package
The Commerce Building, Suite 101
8200 Humboldt Avenue So.
Minneapolis, MN 55431
612.948.1105
info@tlcfinancial.com

*If you currently have SalonBiz TM software, there are two reports that will help you complete the P.R.O.F.I.T. Salon Questionnaire. These two reports are the Sales Summary and Close Day Summary (Daily Summary) reports.

All information will be kept confidential


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