Have you ever wondered how much your salon, spa or barbershop is really worth? Knowing how much your business is worth is very important is you want to bring in shareholders, partners or if you’re thinking about selling your business. In this episode, Jason and Doug talk with Laurel Johnson, who coaches and trains people to negotiate value for all areas of their lives!
Key Takeaways
4:18 Every Business is Different
6:45 Why Do You Need to Know Your Salon’s Value
9:45 Fair Market Value
16:46 How Sellable is Your Business?
Quotes
Doug: 1:36
I think it's just good to be grounded in what a realistic value of your business in. Because again I said, the whole thing, if you're not aware of it, you can't manage it. You can't make it worth more. You can't offer the right people into your company if you don't know what that number is.
Laurel: 4:18
So that's the first thing that's very difficult because every business is different. Every salon is different and because the humans are different, so in how they handle things.