Offering the highest standard of salon consultancy, salon coaching and skills development

Hair salon having an exit strategy

Back2myroots : A place to share thoughts and grow idea’s. B2MR

mike vallance

Hair salon having an exit strategy

Owning a hair salon a salon spa is a huge commitment. An investment in both time and money. As a salon owner how do you reap the rewards from years of hard work. How can you pull back let go of the reins? For many  salon owners it’s hard to consider pulling back not being in control none more so than for owners that are stylists on floor often they think that the business revolves around them! They need to be constantly available in case of emergency or because the salon will not does not function with out them! This might be the case but its a situation that needs addressing.

A salon needs to be the team not any individual. Develop a team that you trust have a salon that functions at the same level at all times. No one should be indispensable. As a owner you goal has to be to create a brand and image have a salon culture that stands out is uniquely yours yet functions as a free working entity,work towards that get out strategy that is to have a salon and so a business that allows you to pull back, one that functions and makes profit when your not there. A business that stands alone  one that does not rely total on you the owner is a business that can produce an income or be sold. Your future pension maybe. Being the key player in the salon is not a good idea. knowing whats going on in your salon having a strategy developing a great team that’s the plan! Be able to and understand the difference between urgent and important, Should you address any given issue or problem or can it be delegated?

relaxed and back

How do you do this!

Well the hardest part is letting go, then having trust this takes time to develop. This is why planning and strategy are so important. It goes back to the topics I often talk about one the Why. Why did you start you business, then You Vision what was your vision when you started your business ?  Of course to be a success to build something special. To build  this business make a living make profit, does it not follow that it should work for you, not you for it! Many of us become a slave to the business in some cases working just to have a business but getting little or know return. Why when things can and should be so very different you deserve more than this in the long term. In the short term those early years hard work commitment is required. But over time and the salon and brand develop you have to be able to let go of the reins. Trust the team you have developed and surrounded your self with those who share your values and vision always remember its a hair salon or salon spa its your business how ever much a part of your life it is and for some of us this is huge it is just a business balance your life to reflect this

The team you develop is key to this from the reception to all your stylists, build this team with people who share your vision reward them, encourage innovative thinking and communication. Consider a mentoring program  this creates loyalty and team spirit . Consider your salon image and brand  What  is your target market who are your target market who are you catering for.

Consider that long term goal: Consider investing in self consider saving developing a fund for your future  be it to expand the business buy a property or just a rainy day fund you have to feel that you are working for something. You have to feel you are reward for your hard work. your vision the risks in the initial set up. It’s not being greedy it’s being in business. Seek advice on how best to reach this point with your business, much can be written on this topic my blog page has so many topic’s all you have to do is type in a topic and something will come up I’m sure this will in turn lead to other topics. For every aspect of our industry is linked. From salon ownership to management to team development. skills development. training. discounting and on and on .Take a look.

All the linked pages i think do relate to the same topic as always these topic s are never strait forward and there are many ways to look at them many paths to take many opinions to have. Experience has taught me that we have to have balance. We have to have a a big picture. We have to be able to let go!

razor cut demi colour

The ‘Three R’s’ 
”Reputation. Recommendation. Retention”. 
It’s not built on that constant looking for new clients it’s looking after what you have! It’s investing in your self and your business and those around you.

Conclusion

This journey, this career, is wonderful – challenging, inspiring, and yes, hard work.

Leadership
Our industry is in constant change and is sometimes criticised. For lacking vision in some areas. However there is an ever growing body of professionals. That have a firm commitment to our industry, they have a passion for change, to raise standards through education and sharing. Leadership, education and team incentives.Will over time and with commitment give any individual that ability to do exceptional work and to be more creative. Leadership and management help create an amazing work environment for all concerned. So key for success for all concerned.
Conclusion
This journey. This career, is wonderful – Challenging. Inspiring and yes can and will be hard work. but the rewards are worth all the effort.
Thank you all for letting me share some thoughts with you today.These are inspirational, passionate, industry professionals.They have a vision. These are the people I want on my bus to learn from, share with, take a journey with. Get inspired. Connect with driven motivated industry professional. challenge your self. invest in ones /your self 

Are you driver or passenger !

 There are no guarantees in life and ones career and career choice is no different thing happen and its how we deal with them that defines us. Jobs change relationships come and go the one thing that remains after training is our skill both hands on creative and the ones we learn about people and communication about caring about being a team player. Constantly developing new skills staying current is so very important.

 

The salon and the S word now available in book and e book format for links to purchase and reviews Click here or on the image. 

Image

 The Salon & the ‘S’ Word

 Written by Mike Vallance

Essential for success: commitment, focus, drive, a willingness to make change keeping an open mind. planning. taking responsibility for ones choices making and taking hard decisions. Honesty and staying creatively challenged.

My web site is Back2myroots: B2MR feel free to check in

You can also find me here on LinkedIn on Twitter MikeB2MR and Facebook Back2myroots B2MR

 

 

Comments are closed.