E20: Selling A Small Business & Solving Financial Literacy | Erin Kuhn, President of Qnity

Cash and Jordan sit down with Erin Kuhn, President of Qnity, a company, like The Millionaire Hairstylist, on a mission to provide financial education to the beauty industry. We cover the financial struggles of salon owners, the importance of financial education in the beauty industry, and strategies for salon owners to sell their businesses effectively, and before it’s too late. Guest Bio and Links: Erin serves as President/Partner of Qnity & Qnity for Schools, the market leader for business and finance education in the professional beauty and wellness sector. Since joining Qnity, Erin has brought Qnity's uniquely simple and visual approach to companies from beauty to finance and presented keynotes for businesses small and large - including Fortune 500 brands like Merrill, Bank of America, JP Morgan, Aveda, Wella, Moroccanoil, and Paul Mitchell. Listeners can learn more about Qnity at www.Qnity.com  Resources:  Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com www.Qnity.com    Show Notes:  [0:00] Introduction [1:10] Introducing our guest, Erin Kuhn [2:00] Learn more at www.MillionaireHairstylistPodcast.com [5:40] Erin shares her journey of getting into the family business  [10:00] Strategies for salon owners to sell effectively [15:30] Building a financially sustainable business model [20:00] Qnity’s approach to financial empowerment [25:30] Understanding the salon business asset [30:00] Cash and Jordan discuss the argument about natural aptitude in creatives   [36:00] Emotional experiences with money   [40:45] “Solopreneur is slowpreneur” [46:10] Exit strategies business owners may be unaware of [54:00] Action steps to start selling your business  [57:00] Importance of creating functioning systems within companies  [1:05:30] Erin speaks about her family dynamics within her business partnership [1:13:45] “There's people who manage the budget and there's people who bring the beer.” [1:21:30] “Financial education, business education. It's a lifestyle. It is a commitment. It does not end. And the more you learn, you just find out there's more to learn.”   Connect with Us:   Instagram - The Millionaire Hairstylist - Cash Lawless - Jordan Drake Email - [email protected]