Profit First Will Keep You Poor
Description
We bust the myth of bragging about salon value and reveal why cashflow is the only number that truly matters for salon owners seeking freedom in their business.
• Value equals ego – what your salon is worth on paper doesn't pay your bills
• Equity equals potential – what's left after subtracting debt, but you can't spend it without selling or refinancing
• Cashflow equals freedom – the money that actually lands in your pocket monthly after expenses
• Profit First works like training wheels but doesn't create true financial freedom
• Like the Savannah Bananas baseball team, focus on creating exceptional experiences for people first
• Systems that create consistent, predictable cashflow are what truly build wealth and freedom
• Many salon owners chase impressive-sounding numbers instead of setting up cashflow systems
• Inside Salon Business School and Million Dollar Beauty Pro, we teach how to build these systems
Share this episode with another salon owner who's chasing numbers that don't matter. Until next time, remember: create the people, and the people will create the profit.
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