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66. 2023 Rehash Continued (+) the Math of Independence (and More)

66. 2023 Rehash Continued (+) the Math of Independence (and More)

FromSocial Beauty Makers


66. 2023 Rehash Continued (+) the Math of Independence (and More)

FromSocial Beauty Makers

ratings:
Length:
29 minutes
Released:
Jan 24, 2024
Format:
Podcast episode

Description

I continue where i left off in Episode 64 - plus dig into how to think about the math of independence and setting prices. Arguably these two topics are industry-wide 'Achilles Heels'. For added context: when successful pros move to independence unprepared, their income will often fall. Multiply this times tens of thousands and the impact on the industry can be far-reaching. The same is true of price increases: if a large percentage of those controlling prices in salons choose not to keep pace with inflation, the impact on the larger industry can be significant. As an example, the larger percentage of traditional salons not keeping up with inflation in the past likely has fueled interest in independence as wages in those salons then also did not keep pace with the cost of living. Something to ponder.
Released:
Jan 24, 2024
Format:
Podcast episode

Titles in the series (94)

Each week, longtime pro beauty executive Gordon Miller brings insights and inspiration to you - by way of 2 fast-paced 15-minute episodes. Sundays feature 1-on-1 conversations around one big idea with industry "masters" - a group of mindful (and often iconic!) professionals with unique insights into a variety of important topics. Wednesdays feature Gordon solo for a curated version of what he sees and hears in our larger world that is relevant to salons, pros, and brands. As Gordon likes to say "the pro beauty industry is a mirror image of our larger world" - and this is our 15-minute weekly effort to share what that might mean for your today....and tomorrow.