Turn your salon company into a legacy business with a shareholder program.
If you own a salon company by yourself or even with a partner, it can be lonely at the top. Every major decision comes down to you, including how to exit the company when you're ready to retire or take a different path. Plus, you probably have valuable employees looking for ways to grow and considering striking out on their own. Shareholder programs can be a beautiful way to share risk and decision making, retain talent, and grow the next generation of salon owners. And while they're an established part of Summit systems, they're still relatively rare in the salon industry, and we get lots of questions about them.
Our own host Blake Reed Evans is a shareholder and service provider in a large group at Shear Art Salon in Tampa, Florida. Guest Lisa Lipani is the founder and CEO of Carl Michael Salon, with locations in Danvers and North Reading, Massachusetts, and a Summit Salon coach. Lisa opened the company in 2006, and now runs it as part of a shareholder group of six.
In this episode, Lisa and Blake answer questions including:
More questions? Get in touch with Lisa Lipani at llipani@summitsalon.com.