small
business
NEWS & VIEWS
I I
Increase In Profits
By Roy Thompson, Jr.
An increase in profits is
probably your main consid
eration when you think
about the future prospects
for your small service bus
iness for 1983. Developing a
budget for the next year
will help you determine if
your profit goals are with
in the reach of your service
business.
When you have gathered
your figures together you
will have the answer to
questions such as: What
sales are needed to achieve
a specific profit next year?
What fixed expenses will I
have next year? And what
variable expenses will I
have in 1983?
Let's, take a look at a
small beauty shop's ope
ration to show how a bud
get might be developed.
The beauty shop owner
operator has income from
two sources: 1) from beau
ty services performed by
three operators, and 2)
from cosmetics and per
fumes which are sold by
the receptionist. The recep
tionist also answers the
telephone, keeps the shop’s
daily records, and pre
pares checks for the owner
to sign.
In making a budget for
1983 the owner decided
that she wanted to increase
her net profit after taxes.
She decided that her goal
was $10,000 for net profit
after taxes. This figure
meant that the shop's profit
before taxes had to be
about $13,600 since her tax
es would amount to about
$3,600. This is an ambitious
goal because her net profit
before taxes in 1982 was
Read
The Charlotte Post
Each Week
$8,390.
The fixed expense items
of the shop include: depre
ciation of equipment, re
ceptionist's salary, insur
ance, rent, interest on e
quipment loan, heat and air
conditioning. In addition,
about one half of the laun
dry and shop maintenance
expense is fixed. The owner
also planned to give her
receptionist a raise, plus
add to her interest and
insurance expenses She
estimated that her total
fixed expenses for next
year will be $11,000.
The beauty shop’s vari
able expenses, which vary
with total sales, includes
the cost of cosmetics sold,
supplies, payroll taxes and
costs, utilities, about half of
laundry and maintenance,
and operator salaries The
operator salaries are vari
able because each operator
receives one half of the
total price charged the cus
tomer as a commission.
fumes which are sold by . rfvitai f/fr
ti1oniMe£n,SatnsT^eCteh^ Guaranteed linger. Stronger and Thicker Hair
telephone, keeps the shop's
daily records, and pre- I
pares checks for the owner
to sign.
In making a budget for
1983 the owner decided
that she wanted to increase Before After
”et P™fi‘a(teKr taxesi Do you have dry, brittle, brealing, falling hair, or j
ShC flhat hfF g°?! hair thaI has ^0 damaged by perms, cold saves,
was $10,000 for net profit bleaches, over-processed hair or hair that will
after taxes. This figure “just''not grow!
meant that the shop s profit Then try Dr. Gaither's Strength N Length Hair
before taxes had to be Revitalizer.
about $13,600 since her tax- Guaranteed results in (90) days or your money
es would amount to about back.
$3,600. This is an ambitious Regular Price $16.95 - 8 oz size
S/wa! S3.00 additional for shipping 4 handling
_ Make all money orders payable to: ,
Read Dr. Gaither
The Charlotte Post P. O. Box 41005
Each Week ^^^^^^^^^^^AtlantajGaClOjljll^^^^^^^^^^^^
P ™ ™ mmm Coupon Must Accompany Order mmmmmmmmb
■ 50% OFF DISCOUNT j
ALL LOCATIONS I
Offer Expires September 25, 1982 |
| tfiV&yga ■ „ i
! SHIRTS 79c SHIRTS 75' !
(Sam* day »*cvk*) M hr aw* with cWmi
MIN DRY CLEANING ORDER MUST M $6 00 AFTER DISCOUNT APPLIED ■
- SPECIAL- I
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Prof*»*ronoHy Don* ■■®Q. Freedom Mall
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Before After
Do you have dry, brittle, brealing, falling hair, or
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“just" not grow!
Then try Dr. Gaither's Strength N Length Hair
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Guaranteed results in (90) days or your money
back.
Regular Price *16.95 8 oz. size.
$3 00 additional for shipping & handling
Make all money orders payable to:
Dr. Gaither
P.O. Box 41005
_ Atlanta. Ga. 30331
Coupon Must Accompany Order
50% OFF DISCOUNT
ALL LOCATIONS
Offer Kxpires September 25. 1982
SHIRTS 79' ; --1' SHIRTS 75'
(Soma doy tarvka) 24 •» ttmn with tW.nj
MIN DRY CLEANING ORDER MUST K $6 00 AFTER DISCOUNT APPLIED
- SPECIAL
SHIRTS 604 „
ProfamonoHy Dona ar ar y CO. Freedom Mall
with >5 00 Cl.oning Ordar - 24 Hi. Sarvka & S Rtvd
ICoupon Must AecompanvOrder
Friends Of The Arts To
Introduce “Hidden Talent”
The 1982-83 season tor
Patrons of the Charlotte
Friends of the Arts will
begin on Sunday. Septem
ber 26 at an invitational
"Mint Museum Treasure
Hunt” where Patrons from
past fundraising events
will be special guests of
The Charlotte Friends of
the Arts.
The focus of this evening
is to showcase outstanding
visual and performing art
ists in the black commun
ity and to introduce “Hid
den Talent.”
The natural setting for
the event is the Mint Mu
seum of Art where hidden
treasures will be revealed
throughout the evening.
The evening’s activities
include at 6 p.m., a Trea
sure Hunt where guests
will be given clues and al
lowed to search and dis
cover paintings and sculp
tures with prizes being
awarded to the first ten
- winners. From 7-8 p.m.
entertainment in the Gold
en Circle Theatre, ending
at 8 p.m., with a recep
tion in the Garden Gal
lery.
The Charlotte Friends of
the Arts was organized in
1978 by Mrs. Vivian Wil
liams and is made up of 48
ladies who promote the
Arts and Art Groups
through various fundrais
ing activities throughout
the year. The “Friends”
are supportive to artists in
the total community with
special emphasis, exposure
and financial backing to
black artists.
The officers of the group
are: Chairperson. Vivian
Williams < Mrs. Charles
Warren), Co-Chairperson,
Stephanie Counts < Mrs
Howard). Recording Secre
tary. Mary Maxwell (Mrs
Chauncey), Corresponding
Secretary, Rubye Wallace
(Mrs. Lester), Treasurer,
Nancy Webber (Mrs. Fran
cis). Historian, Hester
Johnson (Mrs. Sam), Pu
blic Relations. Elfreda
Johnson (Mrs. Darryl).
The events for the 1982
83 year include The Mint
Museum Treasure Hunt,
Chairman. Julia Saunders
(Mrs. James), Co-Chair
man. Carolyn Wilson (Mrs
Victor). The Casino Ca
^ ■
baret 1982-83. Chairman
Dr. Gwen Davis iMrs Ken
Koontz), and Black Gems
at the Children's Theatre.
Chairman. Barbara Fergu
son (Mrs. James i.
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68vCall Between 5:30 & 9:00 For Appointment^^S
I MOISTURE CAP
With The Purchase Of.
16 Oz. CARE FREE MOISTURIZER
DARK N'
LOVELY
PERMANENT
CREME RELAXER KIT
Reg. s5.49
*4.99
tcb HAIR FOOD
*1.19
FRIZZZZ
COlitrOl 7 FI. Oz. Reg. '3.00
*2.39
^JIM’KOFK.SMOYAF
X ^HpFPPFY 91
Fmdoiw Mall-Char lotto. NC
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