Minding Your Own Business BOOTCAMP
"The Anatomy of Multi-Million Dollar Salons"

COMING SOON!!
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Why do over 80% of salons fail to be profitable businesses? And what is it that only 2% of salon owners know that has enabled them to sustain revenues of over $2 million dollars annually?

Learn the answers to these questions and more at the Minding Your Own Business BOOTCAMP, hosted by Judiffier Pearson, author of the Minding Your Own Business Library and CEO of Image Artisan Solutions.

You don't want to miss these 3 days of power-packed learning that will absolutely change your life and the way you do business. Come with a dream, leave with a written and proven plan of action!

We will focus on mastering the essential elements for new venture creation, management systems engineering, and business process documentation for salon organizations. Think of this Bootcamp as a "Mini MBA in Salon Management."

Who should attend :
This series of classes is for entrepreneurs, investors and beauty & grooming professionals who are preparing for salon ownership, restructuring, or expansion.

PRIMARY OBJECTIVE:
The 3-day Bootcamp consists of intensive, hands-on seminars designed to teach current and prospective owners how to position their salons for profitability and grow their revenue to exceed the $2Million benchmark. Using case studies of existing, thriving businesses, participants will have the opportunity to analyze the full spectrum of salon business models, including employee-based firms and salon suites establishments.

Attendees will explore:

  • Your personal purpose and goals for wanting and starting a salon
  • How to develop your company to facilitate those goals
  • How to write and develop a successful business plan
  • Why your business plan needs to be a living and breathing document
  • The various types of salons and contracting businesses
  • How to choose the business structure that's right for you and the tax advantages/disadvantages of each (C-Corporation, S-Corporation, Limited Liability Company, Limited Partnership, etc.)
  • When and how to secure licenses, registrations, liability insurance, etc for startup operations
  • How to provide health benefits for your employees through proper compensation rates
  • Understanding your tax responsibilities and how to file your returns
  • How to strengthen your systems for management, marketing, finances and daily operations
  • How to finance your salon and expansion projects
  • How to distinguish between employees, independent contractors, and booth renters (and how to decide which workers are best suited for your business).
  • Guidelines for hiring and utilizing independent contractors in your business
  • Guidelines for providing booth rental workspace
  • Guidelines for hiring W-2 employees
  • How to build a multi-million dollar salon using a detailed case study
  • How to find and properly classify workers for each business/ salon type
  • Why renting chairs or hiring contractors may not be your best option
  • How creating a career path in your organization will help you retain staff
  • How to create price structures and implement increases
  • The rights and responsibilities of self-employed workers
  • Planning your company’s future and your exit (retirement) strategy