E21: This Policy Could Close 90% of Beauty Schools | Tom Kuhn, Founder of Qnity

Cash and Jordan sit down with Tom Kuhn, founder of Qnity. Citing fascinating data from Qnity’s groundbreaking Pro Beauty Compensation Study, Tom brings to light the misconceptions surrounding hairstylists' earnings and career viability, the stereotypes of low earnings in the beauty industry. More urgently, we discuss the potential threat of upcoming legislation that will close beauty schools in the United States. Guest Bio and Links: Qnity Founder Tom Kuhn is the ‘go-to’ for the top salon owners in North America. He is a trusted expert on all facets of salon success with deep expertise in financial matters. Tom and his team offer simple and visual business education and tools for growth-minded salon owners and managers. Qnity clients enjoy greater profitability, a better culture, and a competitive edge. 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  Pro Beauty Compensation Study   Show Notes:  [0:00] Introduction [1:00] Introducing our guest, Tom Kuhn, founder of Qnity  [3:00] Tom Kuhn's career journey [9:00] “Most of my life can kind of be summed up in lightbulb moments.” [13:30] Debunking myths about hairstylists' earnings [15:50] “I had never heard the word ‘near poverty-level wages’ in my entire almost 30-year history in the beauty industry.” [22:30] The methodology behind the pro beauty compensation study [23:00] Learn more here: www.MillionaireHairstylistPodcast.com [31:00] Discrepancies of wages made in the beauty industry [35:30] Tom discusses other attributes discovered during his report [41:00] The number one driver in hairstyling careers for creative professionals [50:00] Perspectives of managing small businesses vs. large businesses  [56:30] “This is an era of the trades.” [58:30] Federal funding for beauty school students is at risk [1:02:00] Potential negative ramifications with policy change   Connect with Us: Instagram - The Millionaire Hairstylist - Cash Lawless - Jordan Drake Email - [email protected]