Prosper and Profit

By Laura O'Hagan

Helping 6+ 7figure Salon + Clinic Owners manage Cashflow, make more money and increase profit

without the overwhelm.... more

· Business

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FAQs about Prosper and Profit:

How many episodes does Prosper and Profit have?

The podcast currently has 62 episodes available.

Prosper and Profit episodes:

August 04, 2024 020 - How You Can Pay Yourself A Bonus Every Quarter Using Profit First
Want to pay yourself a bonus every quarter from your business ON TOP of the wage you draw?
Using the Profit First system this is absolutely possible! In this episode of Prosper and Profit, we dive into a foundational element of the Profit First: the profit account and you'll learn how you can pay yourself a bonus every quarter by implementing Profit First in your business.
We'll discuss the importance of rewarding yourself for taking the risk of being an entrepreneur and how to use the profit account efficiently for both fun and growth.
Plus, we cover strategies for handling business debt and the compounding effect of quarterly profit distributions.
You ready to Prosper and Profit? Hit play and let's dive in.
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Loving the podcast? If this podcast is providing value to you, please leave a 5 star review.
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Connect with Laura
Website: www.laurajohagan.com
Email: [email protected]
Instagram: www.instagram.com/laurajohagan
...more
31min
July 28, 2024 019 - Building a Dream Team: How To Attract and Retain Rockstar Employees with Paula Maidens
If you're anything like the business owners I speak to each week, building out a team that helps you grow your business can be super challenging.
That's why I invited my friend and Hiring, Leadership and Team Consultant Paula Maidens to Prosper and Profit to share her incredible wisdom.

In this episode Paula and I discuss:
- The employee landscape and Paula’s take on the current employment trends and challenges
- Proven methods to identify and attract reliable employees as well as key traits to look for in potential team members
- The most frequent pitfalls businesses encounter when hiring and how to avoid these mistakes and improve your process
- Essential strategies to navigate today’s job market as well as innovative approaches to ensure you find and attract great staff
- Addressing the fear and apprehension associated with starting to build a team and how to get started
- Paula’s top advice for entrepreneurs in the decision-making process of hiring
As well as so much more!
You ready to Prosper and Profit? Hit play and let's dive in.
ABOUT PAULA
Paula helps entrepreneurs build high-performing teams so they can scale with ease, get their time back and create the balanced life they deserve!
She's been a business consultant for 14+ years and uses her signature 6 Pillar Framework to shift the perception that hiring, leadership, and stepping up as an empowered CEO needs to feel hard.
As an entrepreneur herself, Paula shares her own business & life lessons as well as the hands-on experience she has from interviewing and hiring thousands of people for her clients.
She’s also a proud mum to 2 beautiful boys, a very happy wife, a passionate yogi and an avid traveler.
CONNECT WITH PAULA
Book A Dream Team Discovery Call: https://bookme.name/PaulaMaidensConsulting/45-minute-discovery-call
Learn More About Working With Paula: https://paulamaidens.com/services/
Free Resources To Hire & Lead With Confidence: https://paulamaidens.com/resources/
Website: https://paulamaidens.com/
Instagram: @paulamaidensconsulting
Listen & subscribe to the Big Dreams Great Teams™ podcast: https://podcasts.apple.com/au/podcast/big-dreams-great-teams/id1592202886
...more
42min
July 21, 2024 018 - Why I Focus On Incremental Rather Than Wholesale Change To Drive Profits in Business
In this episode of Prosper and Profit, we delve into the importance of focusing on incremental changes rather than making sweeping wholesale changes in business.
Inspired by a conversation with a client, I explore why "too fast too soon" is a principle we do not follow as part of the 'Profit First' strategy and why making gradual, manageable changes leads to sustained success and profitability.
I also touch on how this principles impacts various aspects of the business, from operating expenses, efficiency and productivity to pricing strategies.... I even share a bit about my personal fitness journey to illustrate the power of consistent, small improvements and how this relates back to change and success in business.
You ready to Prosper and Profit? Hit play and let's dive in.
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Loving the podcast? If this podcast is providing value to you, please leave a 5 star review.
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Connect with Laura
Website: www.laurajohagan.com
Email: [email protected]
Instagram: www.instagram.com/laurajohagan
...more
28min
July 14, 2024 017 - What Drawing a 6 Figure Wage From Your Hair or Beauty Business Looks Like
What Drawing a 6-Figure Wage Really Looks Like
In this episode of Prosper and Profit, I cover the difference between a 6 figure business and drawing a 6 figure wage and break down what it takes to actually pay yourself a six-figure salary from your business. We'll dispel common myths, provide financial benchmarks, and offer guidance on how to achieve your financial goals in your Hair or Beauty Business.
Resources mentioned in the episode
Access the benchmarks here: https://laurajohagan.com/benchmarks/
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Connect with Laura
Website: www.laurajohagan.com
Email: [email protected]
Instagram: www.instagram.com/laurajohagan
...more
27min
July 07, 2024 016 - The Two Worst Pieces of Advice That Beauty Business Owners Are Being Given
Are you getting this terrible advice to?
In this episode I share with you 2 terrible pieces of advice beauty business owners are receiving based on my own conversation with leaders in the industry.
You have probably been told these 2 things yourself and they are sabotaging your sanity and your success.
What are they? Well you're just going to have to tune into find out.
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Sign up to the Pricing Your Salon Services for Profit Workshop here: https://laurajohagan.com/pricing-for-profit
Previous episodes mentioned:
Ep 002 - What Is Profit First
https://open.spotify.com/episode/5YxiZWxVdGlmzd4V2JQQwc?si=8w5o9O0IRneJdCCG5fJ8Jg
Ep 004 - The 5 Bank Accounts You Need to Get Started with Profit First https://open.spotify.com/episode/0EI0wNzaH93lUKdef0Fhf6?si=qcq2JNFKQ42Vglj6Mb8w7g
Loving the podcast? If this podcast is providing value to you, please leave a 5 star review.
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Connect with Laura
Website: www.laurajohagan.com
Email: [email protected]
Instagram: www.instagram.com/laurajohagan
...more
28min
June 30, 2024 015 - Authentic Selling in Your Spa: Enhancing Client Experiences with Briony De La Fontaine
Can you sell more and drive greater profitability in your business while also enhancing the quality of your client experience?
Yes! And in today's guest episode we have a conversation on how you can sell in a way that feel's really natural and authentic increasing the performance of your business while ALSO loving on your clients!
In this episode I'm joined by Briony De La Fontaine who is the founder of the Spa Academy and we're diving deep into selling, authenticity and giving clients an amazing spa experience.
Briony shares incredible wisdom on HOW to sell naturally and to integrate this with what you're already doing in your treatments that makes your clients feel seen, understood and cared for. It's truly a win-win and a clear message that selling does not come at the cost of the client, it's actually an enhancement.
Dive in and join us for this insightful and practical conversation.
About Briony
Briony is a wellbeing ambassador with over 15 years of award-winning industry experience. She’s a qualified aromatherapist, beauty and spa therapist, and Ayurvedic wellness coach and is passionate about all things wellness. Her belief is that leading by example is the most potent way of teaching.
Before entering the spa and beauty industry, Briony was in sales, which allowed retailing in the spa and beauty industry to become authentic and effortless.
Throughout her career, she has trained, managed, and opened Spa's as well as creating the Spa Academy. Her mission is to equip therapists with everything she has learnt so as to elevate the standards and skills within the industry.
Briony is also a vegan who meditates and works out daily and advocates for tuning into nature and finding balance as the fastest path to ultimate health. Her journey and dedication to wellness inspire others to embrace a holistic approach to their own health and wellbeing.
Connect with Briony
Instagram https://www.instagram.com/spaacademyaus/
Website www.spa-academy.com.au
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Connect with Laura
Website: www.laurajohagan.com
Email: [email protected]
Instagram: www.instagram.com/laurajohagan
...more
51min
June 23, 2024 014 - Getting The Most Out of Every Hour in Your Spa, Salon or Clinic
Time is money! We've all heard that before, but if you're selling services or treatments more then time is absolutely money.
In this episode we dive deep into understanding the time spent by both yourself and your team in your Spa, Salon or Clinic discovering practical ways to review this significant asset in your business. Most importantly, I walk through how to use this information to boost productivity and profitability in your beauty business.
If you've ever felt overwhelmed with where your time is going as a business owner or lacked clarity with how your team's time is spent, this episode is for you.
Loving the podcast? If this podcast is providing value to you, please leave a 5 star review.
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Connect with Laura
Website: www.laurajohagan.com
Email: [email protected]
Instagram: www.instagram.com/laurajohagan
...more
42min
June 16, 2024 013 - The Profit Myth: Why Selling More Isn’t the Answer to Your Cashflow or Profitability Challenge
There's a big myth that is commonly spouted in the business world.... that selling more is the answer to your cashflow or profitability challenge.
In a lot of cases though, selling more means delivering more, often increased costs and a whole lot more work from you and your team that doesn't translate into more money in your business bank account at the end of the month.
In this episode we dive into exploring exactly WHY selling more doesn't boost profit and cashflow and I share an easy to understand visual that helps you understand exactly why this doesn't work.
The good news, I also share what to focus on instead of you're looking to solve a cashfow or profit problem.
Let's dive in.
Loving the podcast? If this podcast is providing value to you, please leave a 5 star review.
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Connect with Laura
Website: www.laurajohagan.com
Email: [email protected]
Instagram: www.instagram.com/laurajohagan
...more
21min
June 09, 2024 012 - Help! I Used My Credit Card to Cover Business Expenses and I Can't Pay It Off
This week on Prosper and Profit we talk through the step by step process to follow if you've found yourself in the position where you've been using credit cards to fund your business expenses and you can't pay it off.
In this episode I refer to previous podcasts to listen to to get started with Profit First in your business, check out episode 2 and 4.
Download the instant assessment here > https://laurajohagan.com/benchmarks/
Listen to the podcast with Shakira here >https://podcasts.apple.com/au/podcast/41-the-profit-first-playbook-unlock-financial-freedom/id1674494030?i=1000647852616
Loving the podcast? If this podcast is providing value to you, please leave a 5 star review.
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Connect with Laura
Website: www.laurajohagan.com
Email: [email protected]
Instagram: www.instagram.com/laurajohagan
...more
28min
June 02, 2024 011 - 5 Metrics to Master for Success in Your Health or Beauty Business
This week on Prosper and Profit I delve into 5 essential metrics every spa, salon, and clinic owner must know to ensure the ongoing financial success of their business.
There are so many metrics you can track and measure in business and I've pulled out the top 5 I am frequently talking about and monitoring with my clients to boost profitability and business performance.
From increasing client retention to ensuring staff productivity, I provide context as to why each of these is important, the insights they provide to your business and how to calculate these and get started with these metrics.
Tune in to understand the metrics that matter to take your business to the next level!
Loving the podcast? If this podcast is providing value to you, please leave a 5 star review.
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Connect with Laura
Website: www.laurajohagan.com
Email: [email protected]
Instagram: www.instagram.com/laurajohagan
...more
29min

FAQs about Prosper and Profit:

How many episodes does Prosper and Profit have?

The podcast currently has 62 episodes available.