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 Want MORE to help you GROW? 📚 Check out our Bestselling GROW Books https://growmysalonbusiness.com/books/ 🆘Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/ 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! They do matter in the rankings of the show and help other people find my podcast. 👉 Here's what you do: - On your phone, Click here (Read steps below first) - Scroll down to 'Ratings & Reviews' - Tap on the empty purple stars and rate 5 stars - Click on ‘Write a Review’ I love to hear what’s been helpful and what you love about the podcast! Thank you for your support! 🙏 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! 👉 FOLLOW US! Instagram | Facebook | Website
