With 7 popular salons in Australia, a growing product line, and sold-out classes around the globe, our guest this week has combined raw talent with killer gut instinct and to build his own beauty empire! Join Cash and Jordan as we learn from Jaye Edwards, Millionaire Hairstylist from Australia. Jaye talks profitability, the MUST-HIRES every salon owner needs to consider, how to fill your books with word-of-mouth tactics, how to invest in your staff for long term growth, and so much more.

WATCH this interview on YouTube.

Instagram - The Millionaire Hairstylist - Cash Lawless - Jordan Drake

Guest Instagram - Jaye Edwards - Edwards & Co Salons - Edwards & Co Education - Jaye Haircare

Website - The Millionaire Hairstylist

Timecodes:

• 01:21 - The Jaye Edwards Beauty Empire
• 04:03 - Jaye's sold-out classes
• 06:29 - How Jaye got into hair
• 08:41 - Jaye's first salon was a disaster
• 09:25 - What advice would you give your younger self?
• 11:36 - What's the hardest part of opening salons?
• 15:15 - How do you achieve consistent profitability?
• 18:46 - How Jaye learned financial modeling (or did he?)
• 21:33 - The most important hires Jaye has made
• 22:07 - The important of a Salon Manager
• 25:01 - How much should you pay C-suite level employees?
• 25:29 - The crucial importance of staff training
• 32:18 - How to know if your staff are performing
• 33:50 - The Cash Lawless 3 Times Rule of firing
• 37:15 - What Jaye has learned about starting his own product line
• 46:45 - Who are Jaye's coaches?
• 49:18 - Why providing coaches for your staff is SO IMPORTANT
• 52:03 - How Jaye drives marketing for his salons
• 53:19 - The incredible restaurant hostess word-of-mouth tactic
• 56:02 - The $100 staff training exercise
• 1:03:41 - What's next for Jaye
• 1:05:36 - How Jaye sets goals