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257 What Does it Take to Succeed in the Salon Suite industry with Eric Taylor from Salon Republic
Manage episode 433943559 series 3558635
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Over the last 20 years, there has been a significant shift in the way the hairdressing industry works.
Driven by changes in technology combined with social media and generational changes with today’s hairdressers wanting more flexibility, more freedom and more control over when where and how they work has meant that new business models have emerged.
Particularly in the United States the salon suite or salon studio has radically changed how the industry operates, and there’s no going back.
As a result the traditional commission based or ‘employee employer’ based business model has been dramatically impacted and is continuing to evolve in order to meet the demands of a changing workforce.
My guest on today's podcast is returning guest Eric Taylor, founder of the incredibly successful Salon Republic, which, in my opinion, has the best Salon Suite or Salon Studio business model in the industry.
In today’s podcast, we talk about
- How the salon suite model continues to evolve and adapt
- What you need to do to succeed as an independent business of one
- The challenges that all suites and small businesses face today
In this Episode:
01:38 Introducing Eric Taylor and Salon Republic
03:41 The Impact of COVID-19 on Salon Republic
04:00 The growth and expansion of Salon Republic
06:11 Reflecting on the salon suite industry today
19:27 Discussing the challenges and opportunities in the salon suite industry
24:29 Building a strong client base
26:03 The challenges faced by Independent Beauty Professionals
27:24 Common mistakes of new suite owners
30:04 Inflation and pricing strategies
43:00 Discussing the success rates in the Salon Industry
44:44 Conclusion and where you can connect with Eric
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!
They do matter in the rankings of the show and help other people find my podcast.
I also love to hear what’s been helpful and what you love about the podcast! Just click here to review, scroll to the bottom, tap “Ratings and Reviews” tap to rate with 5 stars and “Write a Review” and let me know what your favourite part of the podcast is. Thank you for your support!
Until next time!
Antony
Links and Resources:
Grow My Salon Business
Website | Facebook | Instagram
Eric Taylor
Salon Republic
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