242 Is a Salon Partnership a Good Idea?

Grow My Salon Business Podcast

Recently I was asked by a young hairdresser whether or not I thought he should go into partnership with a friend and open a salon together.

Partnerships are one of the many subjects we cover in the online management course that is currently open for enrolment, but I think it’s a great question and will make a good podcast topic as well.

Unfortunately, partnerships in small businesses don’t have a high success rate. In today's episode, I will cover some of the key elements that need to be put in place to give a partnership the best possible chance of success.

In this Episode:

[00:01:13] Introducing the topic of partnerships in the salon business and the importance of setting them up correctly.

[00:01:56] Addressing the Reality of Partnership Endings

[00:04:20] The importance of partners discussing potential challenges preemptively.

[00:05:57] A list of the twelve potential challenges partnerships may face.

[00:12:43] Advice for fostering successful partnerships, including open communication and mutual respect.

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

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