036 - From Commission to Booth Rental: Navigating Salon Ownership with Lee Spencer – Tips, Strategies, and Insights on Building a Successful Business
Update: 2024-07-03
Description
In this episode of Stylist Soul Tribe Conversations, host Lisa Huff is joined by Lee Spencer, founder of Startup Stylists and a seasoned professional with over 40 years in the beauty industry. Lee shares her incredible journey from starting as a stylist to becoming a successful booth rental salon owner and coach. She provides invaluable insights on transitioning from commission to booth rental models, the importance of leases, and how to build a thriving salon culture.
Highlights:
- The importance of having a financial cushion for unforeseen events.
- How to effectively negotiate leases and understand legal documents.
- Strategies for maintaining a successful booth rental salon.
- The significance of creating a supportive salon culture.
- Lee’s advice on knowing when to go independent and how to prepare for it.
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