283 Should the Salon Owner Earn a Wage AND Get a Profit From the Business?

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

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RATINGS + REVIEWS

🙏Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated! 
 

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Until next time!
 Antony

RESOURCES MENTIONED IN THIS EPISODE:

The Financially Savvy Salon Owner - Free Masterclass - Save your seat!

The online Money Course - Enrolment is open!

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