In this episode, we're diving into financial stability in the beauty industry with our insightful chat featuring Randi Rose, co-founder of Thrive Business Services. Discover why relying solely on increased sales won't cure your financial woes, and learn how meticulous bookkeeping can transform your business. Randi shares indispensable advice on managing costs, understanding proper pricing strategies, and tracking income and expenses to stay within budget. This episode is packed with essential tips on achieving financial clarity and making informed decisions that align with your business goals.

Thrive Business Services website: https://thrivebusinessservices.net/

Conversation highlights:
3:12 The most common financial challenges faced by beauty business leaders
6:53 How a bookkeeper enhances your current financial processes
12:10 The downfalls of using Excel to manage your finances
15:50 What you should expect from your bookkeeper
18:10 The most common inaccuracies on your balance sheet

Watch the video version of this episode here: https://youtu.be/-0bwa07lhRE

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.

How do you transform a small beauty business into a thriving enterprise? Join us as we chat with Christi Newell, the visionary owner of A Glo Spa and Salon Co, who has done exactly that. Discover how Christi grew her salon from a team of six in 1999 to a bustling business with 45 employees through innovative leadership strategies.

You'll learn how Christi identifies and nurtures individual talents within her team, creating advanced positions that keep her employees engaged and motivated.
Tune in to learn how creating a safe space for idea-sharing and accountability can transform your business environment.

Conversation highlights:
1:02  A Glo Spa & Salon's growth journey
2:33  Developing leaders in your beauty business
4:20  How developing leaders helps with employee retention
6:20  How developing leaders helps your business grow
8:59  Becoming the visionary of your business
11:59  Empowering your team to take the lead
16:57 Creating a culture of accountability
19:56  Christi's advice for salon/spa owners hesitant to invest in leadership development

Watch the video version of this podcast:  https://youtu.be/fnZxaxLZ-k0

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.

Join us as we chat with Sarah McGee, the innovative owner of Thirty Hair Salon in Columbia, Maryland. Sarah, a second-generation hairstylist, opens up about her unique journey and the effective hiring strategies that set her salon apart. Discover how she leverages a strong team culture to not only attract top talent but also ensure long-term success in leadership and business growth.

You'll learn Sarah's meticulous hiring process that ensures the right fit for a team-oriented business. Her insights into playing the long game in hiring, even if it means short-term sacrifices, offer actionable tips for anyone looking to enhance their own hiring processes and company culture.

Conversation highlights:
0:00 Sarah’s ‘secret sauce’ for creating a strong hiring pool
7:03 Optimizing your social media presence to attract clients AND employees
12:55 Detailing Sarah’s hiring process to sharpen company culture
20:00 Sarah’s fail-proof interview questions
23:28 The qualities of an ideal candidate

Watch the video version of this episode: https://youtu.be/UOigUDBoryg

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.

How does one conversation change the course of a life? Join us for an inspiring story with Kim Becker from Hello Gorgeous, a nonprofit born out of a dream to help women battling cancer feel beautiful again. Listen as Kim reveals her incredible journey, shifting from a legal career to becoming a passionate hairdresser, salon owner, and now non-profit founder. Sparked by a pivotal discussion with her late husband, Kim envisioned a mobile day spa, bringing luxurious, free makeovers to women during their toughest times. This episode highlights the beauty industry's generous spirit and Kim’s unwavering dedication to her cause.

Tune in to discover the transformative impact on salons and the women they serve through Hello Gorgeous' certification program. You'll learn how this initiative not only supports women battling cancer but also enriches salon culture and fosters community involvement.

Conversation highlights:
0:00 How ‘Hello Gorgeous!’ came to be
6:10 How beauty care changes lives
9:00 The nuances of beauty services for cancer patients
12:25 The Hello Gorgeous Experience
18:06 How to get involved with Hello Gorgeous
20:00 How giving back transforms the culture at your beauty business

Learn more about Hello Gorgeous: www.hellogorgeous.org
Connect with Kim Becker: [email protected]

Watch the video version of this episode: https://youtu.be/E2Sjsd7YFeE

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.

Have you ever felt overwhelmed by financial statements and unsure what they tell you about your business? Join us as we strip away the complexities of financial literacy with Strategies' Director of Coaching and Educator, Daryl Jenkins. In this episode, we break down three critical financial documents every beauty business owner needs to be familiar with into simple, digestible concepts. By likening these financial documents to chapters in a book, you'll learn how each one tells a vital part of your business's story. You'll learn how these documents help you make smarter business decisions so you can start writing your business' next profitable chapter.

Conversation highlights:
0:00 Financial literacy is simpler than you think
4:03 Your business is made up of chapters… What is the full story?
5:40 Profit is not cash, so what is it?
7:33 Daryl’s #1 tip for profit and loss statements
12:05 Is your company in good health? Your balance sheet can tell you
16:25 The third and most neglected chapter: the statement of cash flows
20:00 Daryl’s recommendations to kickstart your financial understanding
21:28 Adding the fourth chapter with Strategies’ key ingredient
23:51 What now? The first steps to unlock your financial literacy

Watch the video version of this episode: https://youtu.be/rxak_MHej0I 

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.

Ever wondered how a team-based company can elevate your professional game? Deja Coleman, a veteran stylist with 25 years of experience, joins us to share the impact working in a team-based salon has had on the trajectory of her career. Deja shares how the dynamic team environment at Goldwaves Salon in Fort Worth, TX has paved the way for her incredible career milestones, including winning multiple awards and currently a finalist for a North American Hairstyling Award (NAHA).

You'll learn how a supportive team can unlock doors to creative freedom and lead to not just surviving but thriving in the beauty industry. Deja reflects on how she navigated the beauty landscape, from Pennsylvania to Texas, and her journey within her own salon. Her story is a testament to the importance of collective encouragement and how the strength of a team can drive personal and professional growth.

Conversation highlights:

0:00 Deja's beginnings in the beauty industry
4:02 What does being "a team" really mean?
6:31 Navigating challenges within a team
8:53 Fostering team communication through huddles
10:15 The benefits of a team-based salon for a veteran stylist
15:45 Winning awards with the support of team
19:52 How a team-based environment benefits brand new service providers
23:16 Deja's one word to summarize being part of a team-based company

Watch the video version of this podcast: https://youtu.be/x1FO0EluLYs

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.

On this episode, Kelly Swann joins the pod to share how she created a salon environment that's not just cutting-edge (Hello, Certified B Corporation!) but a nurturing ground for awesome company culture. Kelly's salon, Let Em Have It in Denver, CO has blended camaraderie with individual flair, earning them a spot among the prestigious Salon Today Top 200 for Culture in 2024.

Join the conversation to peel back the layers of Kelly's hiring strategy, which focuses on value alignment over pure skillset and the significance of a growth mindset in her Denver salon. Her commitment to fostering a "little slice of sunshine" has not only built an enjoyable work atmosphere but has also crafted a united team capable of weathering the pressures of the beauty business with grace.

Conversation highlights:

1:00 Defining "culture"
2:05 Aligning team on shared values
5:00 How to attract and hire talent with your core values
7:14 Balancing leadership and collaboration
10:19 Kelly's hiring process
15:58 Holding the team accountable to your culture

Watch the video version of this episode: https://youtu.be/ehgVK1ed8yo

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.

Ever wondered how Team-Based Pay came to be in the beauty industry? We sit down with the pioneer of Team-Based Pay and Strategies founder, Neil Ducoff, as he spills the tea on the business model that's reshaping the beauty industry. As a former salon owner himself, Neil shares his pivotal shift from commission to the hourly model that empowers beauty businesses to focus on collective success.

Our candid chat peels back the layers of salon/spa payroll, offering a fresh perspective on how salons and spas can pay their staff what they deserve without compromising on profitability.

Conversation highlights:

0:17    Why Neil created the Team-Based Business Model
5:13    Questioning the commission model
10:50  How Team-Based Pay was born
13:15  Why Team-Based Pay can get a bad rap
14:16  Common TBP misconceptions
18:07  How Team-Based Pay works
21:12  The work that needs to be done
23:25  A tip for struggling beauty business owners
25:09  How TBP makes your beauty business more valuable when you want to sell
26:58  How to know it's time to change your pay structure

Watch the video version of this episode: https://youtu.be/P70AzNZzEy0

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.

On this episode, we sit down with Michell Bartlein,  owner of Savoye Salon in Green Bay, Wisconsin, Certified Strategies Coach, and recent Salon Today Top 200 winner in the Culture category. Michelle shares her personal journey of transforming Savoye Salon into a thriving community where team members are valued as equals, fostering a culture of trust, collaboration, and innovation. From annual retreats that reinforce trust to a brand identity that unites rather than divides, get ready to learn how to cultivate a workspace where everyone plays a critical role in the game.

Conversation highlights:
0:27  Winning the Salon Today Top 200 for Culture
4:00  Running a salon like a championship basketball team
7:09  How communication feeds your culture
9:40  The Three C's of Culture
15:16  Addressing conflicts while maintaining harmony
19:12  Navigating tough conversations
21:12  Michell's one tip for strengthening your business culture

Watch the video of this episode: https://youtu.be/6acnba8_6rk

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.

In this special episode, we answer questions about Team-Based Pay (TBP) raised by Britt Seva in her Thriving Stylist podcast episode titled "Commission Structures That Work Today."

Listen to her episode of reference here: https://thrivingstylist.com/podcast/332

As fans of the Thriving Stylist podcast, we were thrilled to be included in the conversation about pay.

In this episode, we're excited to answer her questions, as well as bust some common Team-Based Pay myths, including:

• Top performers are at a disadvantage in TBP
• Employees will get a pay cut
• It discourages individual achievement
• Running the Team-Based Business Model is more work

This episode is a great resource for salon, spa, and medspa owners who are considering switching to the Team-Based Business Model and want answers to common questions.

Watch the video version of this episode: https://youtu.be/Gy_stS4rAAU

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:


Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/education
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategiesteam
Facebook: https://www.facebook.com/strategies
Online Education Portal: https://learning.strategies.com/

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.