In this podcast, Charlii and Mikki have a candid conversation about various aspects of running a salon business. Mikki shares her journey of starting Paloma Rhone in Brisbane, including the inspiration behind the name and how her brand evolved over time. The two dive into Mikki's social media strategy and its impact on her business, discussing how engaging with the audience played a crucial role in brand growth.

Mikki and Charlie open up about their biggest individual financial mistakes and the valuable lessons they have learned about money management in the salon industry. Their discussion goes further into strategies implemented to increase profit margins, touching on topics like time management, utilizing apprentices, introducing profit sharing, and managing salary expectations within the team.

Throughout their chat, they explore the challenges and rewards of salon ownership, emphasizing effective communication and managing expectations to maintain a healthy workplace culture. Mikki's experience with the Standout Salon Academy, an online course for salon owners, is also a part of the conversation, shedding light on valuable resources for fellow entrepreneurs.

In essence, Charlii and Mikki talk shop about the ups and downs of entrepreneurship, the power of social media in business growth, the importance of financial acumen, and the intricacies of salon management

Find Mikki

Insta https://www.instagram.com/mikkiauld_hair/

Her Poddy Insta https://www.instagram.com/themaneedit/

Mikki's Standout Salon Academy https://www.mikkiauld.com/standout-salon-academy

Chapters

00:00 Starting Paloma Rhone

03:20 Building the Salon

08:12 Creating a Social Media Strategy

11:00 Lessons Learned About Money

27:00 Biggest Financial Mistake

37:01 Increasing Profit Margin

39:32 Time Management and Efficiency

41:49 Utilizing Apprentices and Supporting the Team

43:38 Implementing Profit Share

48:05 Managing Salary Expectations

50:47 Challenges of Salon Ownership

55:08 Effective Communication and Managing Expectations

01:19:15 Distractions at Home

01:20:07 Challenges of Recording at Home

01:21:27 Standout Salon Academy

01:22:55 Impact of Podcasting

01:24:33 Solo Podcasting

01:26:12 Improvement in Speaking Skills

01:27:41 Overcoming Perfectionism

01:29:05 Conclusion