Ep. 129: The 7 Reasons Why Beauty Businesses Fail.

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In this week's episode Lauren discusses the 7 Reasons Why Beauty Businesses Fail, plus she shares some proven strategies you can start implementing today to right the ship in your Business.

1. Poor Time Management. You need to work out what really moves the needle in your Business, and put the majority of your concerted efforts on those high-impact activities. (01:15).
2. Lack of understanding of Business Finances (cash flow, pricing, costs, profitability and accurate Book Keeping). (07:45).
3. Outsourcing and/or Hiring before you are ready. Keep doing the work you can do really well for as long as you can during the start-up phase of your Business. (10:00).
4. Inconsistent, non-Existent, or Bad Marketing. "You can't expect to have a booming Business if you're not marketing yourself" ~ Lauren Lappin. (14:00).
5. Spending money on things you can't afford and/or on the wrong things. (16:30).
6. Ignoring your Client Retention Rate. (23:45).
7. Poor Mindset. "People that fail, are people that quit" ~ Lauren Lappin. (26:00).

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This Episode was Recorded and Produced by Josh Liston at DeadsetPodcasting.com

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This episodes theme music (Title: 'Highlander'') is from the amazing 'Scandianvianz'.

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