This is a reissue of one of our most popular episodes, where we revisit the keys to building an incredible salon culture with Meagan McCormack.

Meagan is, amongst other titles, ‘Chief Operating Officer' of the Visible Changes salon group based in Houston, Texas.

I promise that you are going to love this podcast. Visible Changes is an incredibly inspiring salon business that everyone can learn something from.

On this episode, we cover the following key areas:

1️⃣ The importance of recognition, celebration and reward in building a sustainable salon culture.
2️⃣ The importance of giving back.
3️⃣ The key to running a successful family business.

IN THIS EPISODE:

[02:45] Introducing Meagan McCormack, Chief Operating Officer of Visible Changes.

[03:10] A look at the history, values, and growth of Visible Changes

[10:56] The challenges and rewards of running a salon group as a family business

[18:30] Why recognition and appreciation are key to building a thriving salon culture.

[25:29] A behind-the-scenes look at the numbers that matter.

[29:45] Insights from Visible Changes’ company conferences

[30:12] Fostering a positive work environment through celebrations and acknowledging milestones.

[33:15] How to keep motivation high, from incentive trips to unique rewards for top performers.

[35:05] How the company sets realistic yet ambitious sales targets and supports their team in achieving them.

[40:20] The inspiring story of Christine Lee and how she achieved remarkable success within the company.

[46:45] Meagan’s approach to leadership, fostering teamwork, and ensuring a strong, united salon culture that supports long-term success.

Want MORE to help you GROW?

📚 Check out our Bestselling GROW Books https://growmysalonbusiness.com/books/

🆘 Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/

RATINGS + REVIEWS

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They do matter in the rankings of the show and help other people find my podcast.

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- Tap on the empty purple stars and rate 5 stars

- Click on ‘Write a Review’ I love to hear what’s been helpful and what you love about the podcast! Thank you for your support! 🙏

Until next time!
Antony

RESOURCES MENTIONED IN THIS EPISODE:

Thair for you Charity

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In todays episode I address a common concern among salon owners: “How do you make newly graduated beauty school students or apprentices profitable as quickly as possible?”

Getting young team members profitable quickly is the result of a combination of recruitment, training, and leadership.

So begin by developing an internal comprehensive training program. Recruit for attitude. And train for skill.

Follow that up by giving trainees hands on experience as soon as possible. Weed out the non performers quickly and maintain a culture of learning and growth.

Tune in to learn actionable steps to fast-track apprentice productivity and profitability.

IN THIS EPISODE:

[01:19] Addressing the key question: Making apprentices profitable

[05:27] The importance of recruitment

[10:11] Effective training strategies

[22:07] Hands-on experience and client interaction

[23:27] Leadership and management

Want MORE to help you GROW?

📚 Check out our Bestselling GROW Books https://growmysalonbusiness.com/books/

🆘Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/

RATINGS + REVIEWS

🙏Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated!

They do matter in the rankings of the show and help other people find my podcast.

👉 Here's what you do:

- On your phone,Click here (Read steps below first)

- Scroll down to 'Ratings & Reviews'

- Tap on the empty purple stars and rate 5 stars

- Click on ‘Write a Review’ I love to hear what’s been helpful and what you love about the podcast! Thank you for your support! 🙏

Until next time!
Antony

RESOURCES MENTIONED IN THIS EPISODE:

Online Money Course

Online Super Stylist Course

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In this episode of the Grow My Salon Business Podcast, I address a common question from salon owners about the distinction between business profit and the owner's wage.

We’ll cover why salon owners should receive both a wage and a return on their investment.

Drawing an analogy with other investments, I explain the importance of separating these two income streams and discuss various ways that salon profits should be allocated within the business.

IN THIS EPISODE:

[01:15] Listener question: Why are the Salon profit and owner's wages two separate things?

[02:00] Investment and profit explained

[03:09] Analogy of the stock market vs salon business

[05:56] Discussing investor vs employee earnings

[06:32] Explaining the salon owner's investment and profit

[08:50] The different uses of business profit

[10:46] Conclusion and course reminder

Want MORE to help you GROW?

📚 Check out our Bestselling GROW Books https://growmysalonbusiness.com/books/

🆘Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/

RATINGS + REVIEWS

🙏Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated!

They do matter in the rankings of the show and help other people find my podcast.

👉 Here's what you do:

- On your phone,Click here (Read steps below first)
- Scroll down to 'Ratings & Reviews'
- Tap on the empty purple stars and rate 5 stars
- Click on ‘Write a Review’ I love to hear what’s been helpful and what you love about the podcast! Thank you for your support! 🙏

Until next time!
Antony

RESOURCES MENTIONED IN THIS EPISODE:

The Financially Savvy Salon Owner - Free Masterclass - Save your seat!

The online Money Course - Enrolment is open!

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**PLEASE NOTE: There was an issue with the audio on the episode published earlier today. This episode has the corrected audio.**

Today's guest is Susan Wos, an American-based former hairdresser turned business broker who specialises in the salon industry and has now worked with clients in America, Canada, Dubai, UK and Australia…

Susan brings valuable insights of the inner workings of the salon industry to the brokerage business.

In today’s podcast, we discuss:

- How much is your salon really worth?

- When is the right time to sell your salon?

- What are the biggest misconceptions about buying and selling salon businesses?

As well as…

The importance of keeping clean financial records, understanding the value of independent contractor income versus employee-based models, The dynamics of selling to existing staff, and why it’s important to plan an exit strategy from the start.

And so much more!

IN THIS EPISODE:

[01:13] Introducing today's guest: Susan Wos

[02:01] Susan's journey from hairdresser to business broker

[05:05] The challenges and insights in selling salons

[10:12] The intricacies of valuing a salon business

[14:17] The impact of self-employment on salon valuation

[17:51] Discussing market trends and buyer-seller dynamics

[21:44] Emergency sales: The strategies and considerations

[23:53] The importance of valuing your business realistically

[24:26] Planning your exit strategy early

[25:21] The importance of building a sellable business

[30:27] Selling to existing staff

[33:35] Typical buyers in the salon industry

[43:38] Connect with Susan Wos

Want MORE to help you GROW?

📚 Check out our Bestselling GROW Books https://growmysalonbusiness.com/books/

🆘 Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/

RATINGS + REVIEWS

🙏Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated!

They do matter in the rankings of the show and help other people find my podcast.

👉 Here's what you do:

- On your phone,Click here (Read steps below first)

- Scroll down to 'Ratings & Reviews'

- Tap on the empty purple stars and rate 5 stars

- Click on ‘Write a Review’ I love to hear what’s been helpful and what you love about the podcast! Thank you for your support! 🙏

Until next time!
Antony

RESOURCES MENTIONED IN THIS EPISODE:

Free Business Valuation Calculator- https://salonspaconnection.com/free-salon-business-valuation/

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👉 FOLLOW SALON SPA CONNECTION!

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What do you need to know - Or what should you know in order to open your own salon?

Whether that's a traditional employee-based salon, a rental salon, or even a salon suite, what is it that you should know so that you give yourself the best chance of success?

Because, regardless of the type of business model that appeals to you, I think that it’s important that you set yourself up to succeed before you go into debt or spend your life's savings on going into business unprepared.

In today's episode, I review 6 points that I think every potential salon owner needs to learn or know about before they go down that path of business ownership.

IN THIS EPISODE:

00:57 Introduction to salon regulations and licensing

01:54 Essential knowledge for opening a salon

03:44 The importance of understanding business responsibilities

05:10 Developing financial skills and pricing models

06:46 Comprehending the different business models and employment laws

07:47 Commitment to continuous learning

08:30 Joining professional trade bodies

10:07 Conclusion and upcoming Money Course

Want MORE to help you GROW?

📚 Check out our Bestselling GROW Books https://growmysalonbusiness.com/books/

🆘 Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/

RATINGS + REVIEWS

🙏Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated!

They do matter in the rankings of the show and help other people find my podcast.

👉 Here's what you do:

- On your phone, Click here (Read steps below first)

- Scroll down to 'Ratings & Reviews'

- Tap on the empty purple stars and rate 5 stars

- Click on ‘Write a Review’ I love to hear what’s been helpful and what you love about the podcast! Thank you for your support! 🙏

Until next time!
Antony

RESOURCES MENTIONED IN THIS EPISODE:

GROW Business School Live - 2 Day event

The Money Course

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I've been in the industry a long time, and as a result I’d like to think that I know a lot about all things to do with hair and hairdressing.

But one area I haven’t had a lot of practical hands-on exposure to, is the ‘Hair Extensions’ side of the business.

Heavily influenced by social media and reality TV influencers, the ‘hair extensions’ business has become a huge part of the salon industry, and as a revenue producer, it is certainly not something to be ignored.

My guest on today's Podcast is Dina Demetriou, who is the head of education at ‘Beauty Works’ They are the market leaders in the hair extension business in the UK and Europe, and they have a global presence in the hair extension Industry…

In today’s podcast, we discuss:
✨ What are the biggest misconceptions around hair extensions?
✨ The different methods when working with hair extensions.
✨ Why and how you should start integrating hair extensions into your salon business

And lots more!

IN THIS EPISODE:

[01:07] Meet Dina Dimitriou from Beauty Works

[03:40] Dina's Journey into hair extensions

[05:23] Common objections and misconceptions about hair extensions

[09:11] The Influence of social media and reality TV

[13:26] Discussing hair extensions and hair health

[19:45] The evolution of hair extensions

[21:59] How hair extensions can attract new and existing clients

[24:35] The rise of the extensionist

[25:33] Challenges and success in the extension industry

[28:04] Training and certification for extensionists

[36:12] Retail opportunities and aftercare

[40:04] Pricing strategies for extensions

[47:18] Connecting with Dina and final thoughts

Want MORE to help you GROW?

📚 Check out our Bestselling GROW Books https://growmysalonbusiness.com/books/

🆘 Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/

RATINGS + REVIEWS

🙏Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated!

They do matter in the rankings of the show and help other people find my podcast.

👉 Here's what you do:

- On your phone,Click here (Read steps below first)

- Scroll down to 'Ratings & Reviews'

- Tap on the empty purple stars and rate 5 stars

- Click on ‘Write a Review’ I love to hear what’s been helpful and what you love about the podcast! Thank you for your support! 🙏

Until next time!
Antony

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For many salon owners, January is a time of the year when they’re getting the team refocused for the year ahead.

Because traditionally, January is a time of new beginnings. It's when you let go of the year before, set goals and launch new ideas for the salon.

So what’s the best way to get the team re-engaged motivated and excited for the coming year?

Because if goals and ideas are to turn into reality, you need to get the team onside and excited about what the future holds.

And to get the team ‘involved and onside’ means you need to get everyone together…

IN THIS EPISODE:

[01:23] Kicking off the New Year: Get your salon team excited and engaged for a productive new year.

[02:17] Planning and structuring your team meeting/event, including clarifying the event's purpose.

[06:03] Reflecting on the past year to review past successes and challenges.

[08:29] The importance of setting clear, actionable goals and prioritising them effectively.

Want MORE to help you GROW?

📚 Check out our Bestselling GROW Books https://growmysalonbusiness.com/books/

🆘Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/

RATINGS + REVIEWS

🙏Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated!

They do matter in the rankings of the show and help other people find my podcast.

👉 Here's what you do:

- On your phone,Click here (Read steps below first)

- Scroll down to 'Ratings & Reviews'

- Tap on the empty purple stars and rate 5 stars

- Click on ‘Write a Review’ I love to hear what’s been helpful and what you love about the podcast! Thank you for your support! 🙏

Until next time!
Antony

RESOURCES MENTIONED IN THIS EPISODE:

Grow Business School Live - 2 Day Event in London 16th & 17th May - Find out more

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