Are you paying yourself correctly as a salon owner? Are you giving yourself what you DESERVE to be making? Owner salary, behind the chair salary, and profit should all be payouts you are receiving. Join hosts Jason Everett and Doug Campbell as they dive into the complex structure of paying yourself what you deserve as the business owner.
Takeaways:
03:35 - How you should be paying yourself as an owner still working behind the chair
8:44 - The mistake of bringing shareholders in too early
14:17 - What percent of salons actually take some profit
21:49 - The financial and the creative partner
Quotes:
“Do you have a wealth mentality or do you have a poverty mentality?” (Doug Campbell)(02:43)
“What would it cost for you to replace yourself with another person?” (Jason Everett)(8:36)
“Otherwise you have something that is not really a business, you have a job that you own.” (Doug Campbell)(13:30)
“The reason you got in was to make money, so let's protect that money right off the bat.” (Doug Campbell)(17:26)
Links Mentioned:
High Performance Salon Website
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