I've had a few questions recently from listeners regarding inflation, the looming recession, how they are impacting the hairdressing industry, and what I believe salons should be doing to counteract it. In this episode, I dive in and explore what the implications are for the salon industry (and for small businesses in general) as many countries experience the worst inflation in over 40 years… To say it’s new territory for many business owners is an understatement! The 3 main topics that I cover in this podcast are:  What are the lessons we have (hopefully) learned from Covid? The importance of understanding where you and your business are from a financial perspective at any point in time. How do we, as small business owners, navigate the financial road ahead?  For full show notes, links and resources mentioned visit: https://growmysalonbusiness.com/podcast/144/ 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/

144 Inflation and the Looming Recession: What should salon owners do to be prepared?

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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Building a successful business isn’t easy, and sometimes at the beginning of our journey, we look at established businesses and wonder how we could possibly ever achieve that.   The important thing to realise is that nobody starts with a big successful business. Every new salon owner has doubts and experiences setbacks and challenges along the way.    But through grit and determination and a never-ending thirst for knowledge, the skills and knowledge of the owner grow, and the business grows with it.   Today I am talking with Eric Fisher from Wichita Kansas where he has 4 world class salons, a school, and a business education company.    In today’s podcast, we discuss: 
●      What it takes to build a successful salon business. ●      What makes building a big salon business both harder and easier today than it was 30 years ago? ●      Why where you are located shouldn’t be something that holds you back And lots more!   In this Episode: [02:31] The three or four principles that Eric would give the 25-year-old version of himself to follow as he starts out in business.
[05:40] Talking about the learning environment, the importance of culture,  making mistakes and learning from them.
[06:48] Eric discusses his business in Wichita Kansas and why he decided to open up a school.
[11:46] The business model that Eric has in his salons and why.
[20:47] With all of the new technology available to salons now, what would make building a business like Erics harder/easier today than what it was 30 years ago? 
[26:57] Why you don’t have to live in a big city to have international reach.
[31:52] What a successful stylist looks like today in Eric’s business.
[37:14] The compromises that Eric has had to make to attract and keep good people in today’s workforce.
[43:23] Discussing the profit margins of salons today.
[46:18] Where you can connect with Eric   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

 Eric Fisher
Instagram | Website | Eric Fisher Academy

244 What it takes to build a successful salon business with Eric Fisher.

I don’t believe that there has ever been a family in the world of hairdressing that has made the impact that the Mascolo family has.  
 Whether it was the Toni & Guy salons and schools, the TIGI products, or the incredible shows, and stunning photography. Either way the Mascolo brothers, Toni, Guy, Bruno and Anthony were at the forefront of everything in hairdressing and created a hairdressing dynasty that will live on for many years to come. 
 My guest on today’s episode is Anthony Mascolo who’s creativity and leadership was the force behind the creative direction of the brand.    
 In today’s podcast we discuss:The use of AI in hairdressingThe changing salon businessLeadership and team buildingAnd lots more! 
 
 For full show notes, links and resources mentioned visit: https://growmysalonbusiness.com/podcast/243/  
 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/ 

        

243 Creativity, Team and Leadership with Anthony Mascolo

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 


144 Inflation and the Looming Recession: What should salon owners do to be prepared?

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