The Real Estate Blueprint For Barbers - Patrice & Sharice McKinney
Social Proof Podcast
Social Proof Network
5 • 2K Ratings
🗓️ 3 June 2022
⏱️ 4 minutes
🧾️ Download transcript
Summary
This is a clip from : The Salon Suite Franchise Model - Episode #w/251 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 | previously on the social proof podcast. |
| 0:03.0 | So I was cutting at the location that I was a partner with, |
| 0:08.0 | which is when Buckhead or something like that. |
| 0:11.0 | No, midtown. |
| 0:13.0 | I was a partner there, so I was cutting, but on the back end, |
| 0:15.0 | I was trying to save up and get ready to do my own thing. |
| 0:17.0 | I have at least some amount of money. |
| 0:19.0 | I want to say I had, I want to say I have like 50 or 60. |
| 0:22.0 | So I was like, okay, cool. I can jump out there. |
| 0:24.0 | I'll figure out the rest. |
| 0:25.0 | So you're kind of for you. |
| 0:26.0 | You saved up 50, 60,000. |
| 0:27.0 | Yeah, I did. |
| 0:28.0 | I did. |
| 0:29.0 | I was really just dedicated to just going to the next level. |
| 0:32.0 | Like I was not planning. |
| 0:33.0 | I wasn't buying stuff. |
| 0:34.0 | I was sitting at home. |
| 0:35.0 | I wasn't going out of nothing. |
| 0:36.0 | Really just trying to just, you know, dedicate myself to that. |
| 0:39.0 | So found the realtor. |
| 0:41.0 | We actually saw this location first. |
... |
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