Grow My Salon Business Podcast

In this episode of the Grow My Salon Business Podcast, I address a common question from salon owners about the distinction between business profit and the owner's wage.We’ll cover why salon owners should receive both a wage and a return on their investment.  Drawing an analogy with other investments, I explain the importance of separating these two income streams and discuss various ways that salon profits should be allocated within the business.    IN THIS EPISODE: [01:15] Listener question: Why are the Salon profit and owner's wages two separate things?[02:00] Investment and profit explained[03:09] Analogy of the stock market vs salon business[05:56] Discussing investor vs employee earnings[06:32] Explaining the salon owner's investment and profit[08:50] The different uses of business profit[10:46] Conclusion and course reminder  Want MORE to help you GROW?