Barbers Don't Make Enough Money - Patrice & Sharice McKinney
Social Proof Podcast
Social Proof Network
5 • 2K Ratings
🗓️ 1 June 2022
⏱️ 4 minutes
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Summary
This is a clip from
The Salon Suite Franchise Model - Episode # 251 w/ Patrice & Sharice McKinney
If you are an entrepreneur in the real estate, beauty or barber services space, this is the episode for you! Patrice & Sharice McKinney have been able to build a lucrative and proven business model with Encore Salon Suites ! With Patrice’s background in barber/styling and Sharice’s corporate background they have been able to pack a 1-2 punch that has made them successful operators of highly in-demand spaces for barbers ,stylists, aestheticians, and other beauty service professionals. In our conversation they are giving away the game on how they have built their Salon Suite Franchise Model! We discuss :
- “Hidden” Entrepreneurship Opportunities : Their transition from corporate America ( Sharice) and opportunity to play Pro Basketball ( Patrice) to go after their entrepreneurial dreams.
- Leasing Vs. Buying Real Estate In The Beauty Industry : The power of “stacking your bread” to “run a bigger play” and having a bigger vision beyond your skill set.
- The Logistics and Management behind the Salon Suite Model : How to manage tenants, structure rent prices, and add massive value to your locations.
- Franchising As A Business : The vision, patience, and long-term commitment one has to have to entrust their way of doing business to another business operator.
- Family Ties in Business : The truth behind working in business as sisters and how they navigate agreements, profit sharing, and daily decisions.
And so much more!
Grab Patrice's to Start Your Own Salon Suite Business Course with this link : www.thesalonsuitemodel.com
Enter Discount Code: SocialProof at checkout!
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Transcript
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| 0:00.0 | Hey family, listen, I just learned that discover credit cards do something absolutely amazing. |
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| 0:17.7 | the cash back from that trip where you sort of couldn't learn how to snowboard. |
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| 0:26.4 | Hope, discover does it automatically, listen, seriously though, see terms and check it |
| 0:31.1 | out for yourself at discover.com forward slash match. |
| 0:36.0 | Previously on the social proof podcast. |
| 0:39.1 | So you're a barber and you're in one of the models, you're like, I can do that. |
| 0:43.3 | I can do that. |
| 0:44.3 | So yeah, I wanted to do a barber shop. |
| 0:45.3 | That's why I was getting there. |
| 0:46.3 | I wanted to do a barber shop and then I went here and I went around, I counted those |
| 0:49.5 | rooms, like two feet, two feet, because I know I'm paying home two feet. |
| 0:52.5 | Right. |
| 0:53.5 | She paying home two feet. |
| 0:54.5 | A week. |
... |
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