In this episode, Doug and Jason talk to salon owner on how they can bounce back like a boss, and make this year the best year ever! Both guys talk about how, yes, you are flooded with obstacles, but you’re also flooded with cash and new opportunities. They dive off into getting your money to work for you whether that be investments, marketing or how to prepare for a rainy day!
Key Takeaways:
2:53 Your businesses are going to be flooded with challenges and obstacles but also cash and opportunity
9:11 Return on investment in marketing, investing in your team and investing in self
16:53 How much savings should you have as a salon owner
20:28 Savings account, Is it working for you?
Quotes:
The investment is priming the pump to get the machine to start to work. So rather it's marketing, rather it’s investing in your team, rather it's investing in yourself in business development and personal development. You've got to start putting that money in there. (Doug) (12:49)
Bucky Fuller defined wealth this way: "Is the number of days you could go without any more income coming into your life." So think about that for a second. How many days could you go without income coming into your life? (Jason) (19:07)