Issue link: https://www.massageandbodyworkdigital.com/i/867515
22 m a s s a g e & b o d y w o r k s e p t e m b e r / o c t o b e r 2 0 1 7 best practices BUSINESS SIDE We surveyed a random sample of ABMP members and asked them some straightforward questions about their fi nances. Here we share the results from the 1,269 replies and apply what we learned into tips to help you strengthen your money game. WHICH OF THESE BEST DESCRIBES YOUR MASSAGE THERAPY OR BODYWORK PRACTICE? 50% Solo practitioner 12% Independent contractor at a clinic or spa 12% Employee 1% Seeking employment in the profession 3% Business owner with employees 18% Combination of the above 4% Other HOW MUCH DID YOU EARN IN GROSS INCOME IN YOUR MASSAGE OR BODYWORK PRACTICE IN 2016? 8% $0 or loss 22% $1 to $9,999 12% $10,000 to $14,999 8% $15,000 to $19,999 11% $20,000 to $24,999 9% $25,000 to $29,999 7% $30,000 to $34,999 6% $35,000 to $39,999 7% $40,000 to $49,999 7% $50,000 to $75,000 3% $75,000 or more THE INCOME FROM YOUR MASSAGE THERAPY OR BODYWORK PRACTICE IS: 30% The sole source of income for my family 48% Additional income that is vital to my household budget 22% Additional income that is not vital to my household budget WHICH OF THE FOLLOWING BEST DESCRIBES HOW YOU FEEL ABOUT MONEY? Tips to Improve Your Finances By Les Sweeney and Kristin Coverly HOW MANY HOURS OF HANDS-ON WORK DO YOU DO, ON AVERAGE, PER WEEK? 32% Anxious 31% Excited 30% Indifferent 7% Dread/discomfort 31 or more hours 0–5 hours 6–10 hours 25–30 hours 16–24 hours 11–15 hours 19% 26% 11% 5% 21% 18%