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Old 19th July 2008, 03:44 PM   #1 (permalink)
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Question What do you consider a good growth indicator?

So when you guys compare months or days or quarters with your software program what percentage do you consider a good growth indicator? I was watching mad money and Jim Craemer said that in this economy 6% or more is a good growth. Where do you guys want to be?
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Old 19th July 2008, 06:09 PM   #2 (permalink)
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Default Re: What do you consider a good growth indicator?

Any growth would be good.
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Old 19th July 2008, 06:27 PM   #3 (permalink)
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Default Re: What do you consider a good growth indicator?

well is there an amount you strive for each year?
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Old 19th July 2008, 07:00 PM   #4 (permalink)
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Default Re: What do you consider a good growth indicator?

we strive for 15% each year

we have blown that number out of the water the last 4 years, this year, we are sitting at 13% for the year so far.

It also depends on your area, salon size, how long you have been in business, have you changed your equipment or pricing structure?
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Old 19th July 2008, 09:13 PM   #5 (permalink)
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Default Re: What do you consider a good growth indicator?

to ad to what rob said though, once you start hitting some big $$$ per month, you may need to reconsider the % you are going by, as it will become a bigger $$$ amount you expect to increase each year, and then can become out of reach. for example, 15% on 10k is $1500, so you would expect to do $1500 more this month than last year, but when your dealing with now 40k, 15% more of 40k is $6000 more you need to sell to hit that goal.
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Old 21st July 2008, 10:02 AM   #6 (permalink)
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Default Re: What do you consider a good growth indicator?

^^ good points.
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