Profit & Loss 101

The Salon Business | Course Series with Steve Gomez

This course supports salon and spa owners and professionals who are looking to learn about financial statements and how to adapt them to the salon and spa industry. We'll cover how to understand, organize, and recategorize your profit and loss statement, how to read and understand your breakeven analysis, and much more. This is content you don't want to miss—enroll today!

Price: $34.95
Duration: 1 hour (instant certificate of completion)
Length of Access: 60 days

If you're interested in becoming Milady RISE Certified in Finance Fundamentals, purchase this course as a bundle with the other 3 courses in this series. You'll get your certification once you pass the exam!
  • Thrive in Your Career

    This course's interactive activities, engaging videos, and fun quizzes will take your knowledge to the next level.

  • Learn At Your Own Pace

    You'll have access to this class for 60 days. Stop and start as your schedule allows. Don't worry—your progress will be saved.

  • Embrace Real Results

    You'll be able to apply what you learn right away in your day-to-day world. Get ready to experience real results.

What to Expect

This course will take you through the following:

Defining a Profit & Loss Statement and Balance Sheet: What are these? How do you read and utilize them?

How to Make Your Profit & Loss Statement Salon/Spa Specific: Is your profit & loss statement categorized?

Understanding Your Cash Flow: Understand financials so that you can use them to set goals and track performance.

Profit and Loss Statement

About the Presenter

Steve Gomez

Steve’s experience as a business coach and trainer spans over 25 years. He has coached over 450 salons to accelerate growth & profits! He has delivered over 850 trainings and seminars to over 400,000 people in the United States and internationally in countries like Ireland, Russia, Canada, Italy, Mexico, Colombia and Puerto Rico. He has written two eBooks, Financial Fitness: Systems to Increase Profitability in Your Salon or Spa and Interdependent Leadership: Creating a Salon Culture of Inclusive Growth.

For more information about Steve beyond this course, please visit his website. You can also read his bi-monthly blog or contact him directly at [email protected]. Be sure to follow @SalonCoachSJG on Instagram and Twitter.
Steve Gomez

Understand your financials so you can use them to set goals and track performance!


  • How can I get Milady RISE Certified in Finance Fundamentals?

    The Milady RISE Certification consists of 4 courses:
    Part 1: Profit & Loss 101
    Part 2: Understanding Your Cash Flow
    Part 3: Three Ways to Increase Top Line Sales
    Part 4: How to Increase Prices

    You can purchase these courses as a bundle, or you can purchase the courses individually, Once all four courses are complete, you will receive your Milady RISE Certification in Finance Fundamentals.

  • Why should I attend this course?

    Everyone should understand their financials to maximize profitability and ensure that all income and expenses are constantly being tracked. With this course, you'll learn how to set objectives and be able to track actual performance vs. goals.

  • How is this course structured?

    This course will begin with an introduction of what to expect. Then you will have the chance to download resources that you may want to reference during the course. Please keep in mind that the spreadsheet utilized in this course cannot be downloaded for personal use. Once that is complete you can view the course. After the course there will be a short quiz, and then you can download your certificate of completion.

  • Will I get a certificate of completion?

    Yes. Immediately following the course you’ll be able to download your certificate of completion.

  • Is Milady offering other courses with Steve Gomez?

    Yes! This is only Part 1 of our 4-part series.

    You can purchase all four courses as a bundle, or purchase each course individually.

    The other three parts are:
    Part 2: Understanding Your Cash Flow
    Part 3: Three Ways to Increase Top Line Sales
    Part 4: How to Increase Prices
    We hope you enroll and benefit from all four courses!