Why is it that 80% of businesses that go to market never get an offer, meaning those business owners have to close the doors on all their hard work and walk away.  
 If you’re a salon owner, the day will come when you are going to relinquish control of your business.  
 This episode focuses on how you can increase your chances of being able to sell your business when that day comes rather than being forced to shut it down. 
 My guest is Zach Dogar, a business broker and exit strategy specialist in the hair and beauty industry.  
 In today’s podcast, we will discuss: 
Points for consideration when establishing the value of a salon businessThe biggest mistakes buyers and sellers makeHow to achieve the best sale price for your business
 And lots more!  
For full show notes, links and resources mentioned visit: https://growmysalonbusiness.com/podcast/238/  
 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. I also love to hear what’s been helpful and what you love about the podcast! 
 Just click here to review, scroll to the bottom, tap “Ratings and Reviews” tap to rate with 5 stars and “Write a Review” and let me know what your favourite part of the podcast is. Thank you for your support!
 And finally, don’t forget to subscribe to the show to get automatic updates.
 Got a question you want answered on the podcast? DM me your question over on Instagram or just come on over to connect at: https://www.instagram.com/growmysalonbusiness/

238 Building a Sellable Salon Business with Zach Dogar

I know that being in business isn’t always easy. Along with the many highs and ‘a ha’ moments it can sometimes be soul destroying, frustrating and a very lonely place to be. Being a business owner is one of life’s greatest educations and it gives you two clear choices, either you continually learn, adapt and grow, or you resist change, stagnate and perish. We live in ever changing and sometimes challenging times, so being informed and constantly inspired is more important than ever. 

Join Antony Whitaker talking to thought leaders on the business side of the hairdressing industry discussing insightful, provocative and inspiring ideas that matter. Get ready to learn, get ready to be challenged, get ready to be inspired and most importantly get ready to grow your salon business!

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Management

Recently I was asked by a young hairdresser whether or not I thought he should go into partnership with a friend and open a salon together.    Partnerships are one of the many subjects we cover in the online management course that is currently open for enrolment, but I think it’s a great question and will make a good podcast topic as well.   Unfortunately, partnerships in small businesses don’t have a high success rate. In today's episode, I will cover some of the key elements that need to be put in place to give a partnership the best possible chance of success.  In this Episode: 
 [00:01:13] Introducing the topic of partnerships in the salon business and the importance of setting them up correctly. [00:01:56] Addressing the Reality of Partnership Endings [00:04:20] The importance of partners discussing potential challenges preemptively. [00:05:57] A list of the twelve potential challenges partnerships may face. [00:12:43] Advice for fostering successful partnerships, including open communication and mutual respect.               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.  I also love to hear what’s been helpful and what you love about the podcast! Just click here to review, scroll to the bottom, tap “Ratings and Reviews” tap to rate with 5 stars and “Write a Review” and let me know what your favourite part of the podcast is. Thank you for your support!
 Until next time!
  Antony   Links and Resources:   Grow My Salon Business  
 Website | Facebook | Instagram  

242 Is a Salon Partnership a Good Idea?

The entrepreneurial journey is an ever-evolving process and every stage brings with it unique challenges and opportunities.    The creative aspects of the salon industry are often what attract people to it, but if you’re going to make a success of yourself in a creative industry, it’s every bit as important to focus on the financial side too.    Today’s guest is Sean Hanna, a London-based hairdresser and multi-salon owner, property owner, business consultant, and entrepreneur in the real sense of the word!   In this episode, we discuss:    ●      The phases that a business owner evolves through during a successful career ●      The importance of managing the numbers ●      Why you need an exit strategy…   And lots more!   In this Episode:   [02:35] Sean provides an overview of the six phases of business ownership.  [06:31] The question that Sean is most commonly asked by salon owners.  [06:52] Why Sean wrote his ebook, The Entrepreneur’s Guide to the Galaxy, and where you can access it for free.  [09:03] Finding the balance between the creative and financial elements of a salon business.  [12:31] Sean’s educational background and his approach to managing money.  [18:45] The motivation behind the founding of Sean and Skyler’s colour-only salon and the lessons they learned from it.  [25:02] Why you need an exit strategy and when you should start developing one.  [34:10] The evolution of Sean’s business and advice for growing your own.  [37:11] The model that Sean uses to help salon owners exit their businesses.  [40:36] Factors Sean takes into consideration when deciding whether to close a salon.  [44:43] Where you can connect with Sean.   [45:23] Final inspirational words from Sean.    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.  I also love to hear what’s been helpful and what you love about the podcast! Just click here to review, scroll to the bottom, tap “Ratings and Reviews” tap to rate with 5 stars and “Write a Review” and let me know what your favourite part of the podcast is. Thank you for your support! Special thanks to Sean for sharing his insights with me for this week’s episode. Until next time!
 
Antony   Links and Resources:   Grow My Salon Business  Website | Facebook | Instagram | TikTok | YouTube |
 Episode 14 with Skyler Hanna

  Sean Hanna  Website 

241 How to Thrive Through All Phases of the Salon Owners Entrepreneurial Journey with Sean Hanna

As a salon owner you will have many responsibilities, but they can all be summarised by saying that; “You are the person that is ultimately responsible for the success of your business". 
 And that takes more than just being good at doing hair, having a great location, and a column of your own clients…  
 Obviously, those things are important, and they will help you get ‘out of the gate’ so to speak, but in reality - they are just the beginning.  
 In my experience, the 3 biggest challenges, that most salon owners face will be:  
 1. The business is dependent on them doing the majority of the work. 2. There will be a degree of chaos, or a lack of organisation. 3. ‘The culture’ that is developing within the business. 
 For full show notes, links and resources mentioned visit: https://growmysalonbusiness.com/podcast/240/  
 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. I also love to hear what’s been helpful and what you love about the podcast!  Just click here to review, scroll to the bottom, tap “Ratings and Reviews” tap to rate with 5 stars and “Write a Review” and let me know what your favourite part of the podcast is. Thank you for your support! And finally, don’t forget to subscribe to the show to get automatic updates. Got a question you want answered on the podcast? DM me your question over on Instagram or just come on over to connect at: https://www.instagram.com/growmysalonbusiness/

 
 To Register for the Masterclass: Click here: 4 Essential Lessons in Salon Management Masterclass Monday 22nd April or Tuesday 23rd April 


240 What are the 3 Biggest Challenges that Many Salon Owners Face? with Antony Whitaker

Success as a hairdresser comes in many forms. For some it's purely creative, for others it’s all about building a clientele, succeeding as an educator, or building a business. To have success in multiple areas isn't easy, which is why in many cases, when you see a successful business, it's often because there is a partnership between someone with a business focus and another partner with a creative focus. When you get the balance right, you can create something very special. My guest today is Richard Ashforth, hairdresser, educator, creative director and co-owner with Aldo Furfaro of 10 Saco Salons and Academies in several countries around the world. Richard's wealth of knowledge and experience make for a fascinating conversation about the state of the salon industry and the mission that he is on to educate his fellow hairdressers. In this episode, we will discuss:Why you need to incorporate the local culture within the framework of your brand.Noise; the guerrilla event that Richard hosts in various locationsHow training in the salon space has evolvedThe collaboration involved in creating Richard's stunning new collection   For full show notes, links and resources mentioned visit: https://growmysalonbusiness.com/podcast/239/  
 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. I also love to hear what’s been helpful and what you love about the podcast! 
  Just click here to review, scroll to the bottom, tap “Ratings and Reviews” tap to rate with 5 stars and “Write a Review” and let me know what your favourite part of the podcast is. Thank you for your support!
 
And finally, don’t forget to subscribe to the show to get automatic updates. Got a question you want answered on the podcast? DM me your question over on Instagram or just come on over to connect at: https://www.instagram.com/growmysalonbusiness/



238 Building a Sellable Salon Business with Zach Dogar

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