#310 - Pros & Cons of Salon Partnerships

Thriving Stylist Podcast

Britt Seva

Stylist, Business, Hair, Hairstylist, Marketing, Salon, Careers, Businessbuilding

4.7 • 2K Ratings

🗓️ 20 November 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you’re considering a partnership with your salon business, think carefully, because research shows that about 70 percent of business partnerships fail. That is why for this episode, I want to share with you the common pitfalls to avoid, while giving you all the pros and cons to be aware of with this sort of arrangement.

At some point you are going to decide to go separate ways with your partner, and you’ll want to decide what that is going to look like now, so that when this time comes it’s not a surprise. I hope this helps you understand some of the ins and outs with partnerships, and if you have any questions or feedback on this topic reach out and let me know!

To get Wealthiest Year Yet, the industry’s # business planning system to help salon owners increase income, productivity and free time, go to https://thrivingstylist.com/wealthiestyearyet.

Do you have a question for me that you’d like answered in a future episode? A great way to do that is to head over to Apple Podcasts and leave a rating and review with your question. I'm looking forward to answering your question on a future episode on the podcast, and let me know what you think of this new format too while you are there!

If you’re not already following us, @thethrivingstylist, what are you waiting for? This is where I share pro tips every single week, along with winning strategies, testimonials, and amazing breakthroughs from my audience. You’re not going to want to miss out on this…

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Learn more at: https://thethrivingstylist.com/podcast/310

Transcript

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0:00.0	Do you feel like you were meant to have a kick-ass career as a hair stylist?
0:06.0	Like you got into this industry to make big things happen?
0:09.0	Maybe you're struggling to build a solid base and want some stability.
0:12.0	Maybe you know social media is
0:13.8	important but it feels like a waste of time because you weren't seeing any
0:16.8	results. Maybe you've already had some amazing success but are craving more.
0:20.8	Maybe you're ready to truly enjoy the freedom and flexibility
0:24.4	this industry has to offer. Cutting and coloring skills will only get you so far,
0:29.0	but to build a lifelong career as a wealthy stylist, it takes business skills and a serious
0:34.1	marketing strategy. When you're ready to quit just working in your business and
0:37.9	start working on it, join us here where we share real success stories from
0:41.5	real stylists. I'm Brit Siva, social media and
0:44.4	marketing strategies just for hairstylists, and this is the Thriving Stylists
0:47.9	podcast. What is up and welcome back to the thriving stylist podcast? I'm your host
0:54.5	Briceiva and today we are talking about the pros and cons of salon partnerships.
1:00.0	So I will start at the very top of this episode and say that I actually feel like I'm fairly
1:06.8	experienced in this topic and so I want to share my personal experience with partnerships whether I advise for them or against them.
1:15.0	I am going to give a personal opinion on this one.
1:17.0	Sometimes I'm like, you know, stay open-minded, look at all the options.
1:20.5	This time I'm going to give a personal opinion because I have a pretty strong one and then I'm going to get into the pros, the cons, how to set one up properly, all the things.
1:29.0	So I'm going to start by saying that when I worked at a salon which I was I'm a licensed
1:34.9	cosmetologist in the state of California have been since 2007 I worked in a
	...

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