How to Retire from Behind the Chair and Get your Salon to Pay you Forever
Listen to today's podcast as hosts Jason Everett and Doug Campbell discussed how to take your money as a salon owner and turn it into cash flow-producing assets that will create generational wealth.
Profitable Salon Owner Podcast
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Show Notes
Takeaways:
02:43 - Understanding the transition process
06:59 - Five levels of owning the salon
09:03 - Levels of piecing out
10:05 - What kind of salon owner do you want to be?
18:00 - Creating generational wealth
19:40 - Different profit methodologies
21:50 - The key is to have a plan
22:50 - Always seek help
Quotes:
“Partners start to come on when your business produces a healthy profit” Jason Everett (08:24)
“Start with something” Doug Campbell (16:36)
“Level yourself up” Jason Everett (18:43)
“Your business's number one job is to produce cash” Jason Everett (18:53)
“Pull out money as you're making money, you reinvest a portion, you pull a portion out and use that money to buy called cash flow producing assets” Jason Everett (19:42)
“Take a certain portion of that and put it to work for you” Doug Campbell (22:16)
“We believe every salon owner deserves to create wealth in their business” Jason Everett (24:11)
Links Mentioned:
Evorevopodcast.com
High-Performance Salon Website
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