Community

In 2012 I became an Independent Artist, and frankly, I was overwhelmed with navigating Entrepreneurship. I quickly realized that I had a lot to learn in terms of business. As I looked within my community, I found few opportunities to network with other Independent Artists and craved the connection I left within my commission-based salon. As Entrepreneurs, we have so many obligations. By learning from one another, we can quickly scale and avoid pitfalls that come from trial and error! Thankfully, our industry is adapting, recognizing the shifts that have come. Slowly, we’ve seen communities pop up with true collaboration values.

The 80-20 rule (or Pareto Principle), is one of the most popular principles we are taught in business, work, spending habits, and life. Let’s go over how the 80-20 rule impact your business!

Does it surprise you that our industry still segregates our services based on gender?

As a society we are constantly working towards creating safe and inclusive spaces for all. There are multiple ways salons can help create these spaces and also practice allyship too.

Women are presumed to have long hair, and men short, but that isn’t the case. Why should females with short hair pay a premium, versus men with longer hair getting away with a lower price?

Do you have a leak in your business!? Fear not! We’re here to help with that!

Your hair color not being properly accounted for is likely the cause of this small leak. But even some leaks can sink big ships!

But don’t worry, together we can fix it!

Do you know the cost of doing business?

Cost of Goods Sold, cost of sales, cost of revenue, or cost of services are all referred to as the direct costs associated with services completed during a period of time at your salon.

If you don’t know your numbers you don’t know your business. It’s critical to know the financial state of your business. Now you may face some hard truths here. But knowing the inflows and outflows of your business, helps you to create a plan and identify where you can make improvements in your business i.e. paying off debt. Knowing your financial position also helps you to identify changes in your financial heath faster and mitigate them.

Raise your hand if you have compared yourself to others at work, on social media, or anywhere else! Whether it’s on Instagram or with friends, it’s so easy to think we are falling behind, that we are alone or that we are not good enough…