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We explore the reality of salon growth and why bigger doesn't always mean better, breaking down the unique challenges and opportunities at each stage from 5 to 22 chairs. The journey requires understanding the crucial difference between profit and your paycheck – profit is the oxygen that keeps your business alive.
• At five chairs (the hustle stage), salon owners wear all hats with 8-12% profit margins when things go well
• Eight-chair salons require systems, consistency and leadership development as the business grows louder
• Some owners choose to replicate 3-4 profitable eight-chair salons instead of one larger location
• The sixteen-chair transition often requires stepping out from behind the chair to lead the company
• At 22 chairs, owners lead leaders and must maintain alignment with 18-22% potential profit margins
• Separating your CEO salary from profit changes everything – pay yourself for your role, treat profit as overflow
• Like Starbucks and Dutch Bros, salons can choose different growth models based on their strengths
• The blueprint: at 5 chairs you're the hustler, at 8 the system builder, at 16 the company builder, and at 22 the CEO
Share this with a salon owner who could win from this blueprint and join us at our next challenge!
If this episode resonated, make sure you’re subscribed to Salon Success Secrets.
New episodes released weekly for salon owners ready to stop hustling and start leading.
www.SalonBusinessSchool.com
By Lindsay Lowe & Jen Booth5
33 ratings
Send us a text
We explore the reality of salon growth and why bigger doesn't always mean better, breaking down the unique challenges and opportunities at each stage from 5 to 22 chairs. The journey requires understanding the crucial difference between profit and your paycheck – profit is the oxygen that keeps your business alive.
• At five chairs (the hustle stage), salon owners wear all hats with 8-12% profit margins when things go well
• Eight-chair salons require systems, consistency and leadership development as the business grows louder
• Some owners choose to replicate 3-4 profitable eight-chair salons instead of one larger location
• The sixteen-chair transition often requires stepping out from behind the chair to lead the company
• At 22 chairs, owners lead leaders and must maintain alignment with 18-22% potential profit margins
• Separating your CEO salary from profit changes everything – pay yourself for your role, treat profit as overflow
• Like Starbucks and Dutch Bros, salons can choose different growth models based on their strengths
• The blueprint: at 5 chairs you're the hustler, at 8 the system builder, at 16 the company builder, and at 22 the CEO
Share this with a salon owner who could win from this blueprint and join us at our next challenge!
If this episode resonated, make sure you’re subscribed to Salon Success Secrets.
New episodes released weekly for salon owners ready to stop hustling and start leading.
www.SalonBusinessSchool.com