SummaryIn this episode, Charlie discusses her profit share system and profitable pricing. She addresses common questions and misconceptions about profit share and explains how it can be used to motivate and retain employees. Charlie also introduces her program, which provides tools and spreadsheets to help salon owners manage their numbers and implement profit share. The program includes modules on break evens, profit share and KPIs, pricing for profit, and team training.
Takeaways Profit share can be a powerful tool for motivating and retaining employees in the salon industry. Having a clear understanding of break evens and pricing for profit is essential for running a profitable salon business. Transparency and communication with the team about profit share and financial goals can help create a positive and motivated work environment. Using tools and spreadsheets can simplify the process of managing numbers and implementing profit share in a salon business.Chapters00:00Introduction to Profit Share and Profitable Pricing03:00Module 1: Break Evens10:07Module 2: Profit Share and KPIs19:47Module 3: Pricing for Profit24:31Module 4: Team Training29:36Conclusion
🎙️ About The Salon Rebel Podcast 🎙️
Hosted by Charlie Crothers, is a journey into the heart of entrepreneurial passion and rebellion. Charlie, a multi-faceted business entrepreneur, shares the story of her life, intertwined with invaluable insights from her experiences in entrepreneurship ranging from her personal life to Salon Ownership, E-commerce Founder and Digital Creator. E
Each episode is a mix of the good, the bad, and the sometimes ugly realities of running a business, providing listeners with relatable content and hope. She emphasises that success often comes from stepping outside the industry 'norm.'
💙About The Biz Tool Boutique 💙
With 15+ years experience and a team of almost 20 - Charlie Crothers started The Biz Tool Boutique to help other salon owners increase cash flow & team performance like she has…
So they can create the freedom and income they deserve.
Tap Below To Access Tools and Resources for Service-Based Business Owners.
https://www.thebiztoolboutique.com.au/
