Episode 140

Cash Flow, Customer Relationships & Success in Business | Nina Tulio | Speaker + Educator | Business Edu & Tik Tok Amb., Oligo Professionel

Tune in to hear Nina Tulio tell you the most important thing for you to have a STRONG and sustainable business!⁠

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KEY TAKEAWAYS:

  • Cash Management, Cash Flow, Budgeting, and Pricing are the most common issues amongst commission owners, hybrid owners, and independents!
  • Nina uses facts and data to help you make your decisions so when you doubt yourself, your decision, or your plan, you have the data to fall back on, giving you confidence!
  • Full-Time hairdressers should aim to work from 32 - 35 hours
  • Most stylists are undercharging and need to update their prices
  • Rent should be less than 20-30% of your revenue
  • Commission salon owners payroll should be under 50% to be able to make money as an owner and have a sustainable business.
  • Relationships are the primary factor in the success of a hairstylist and any entrepreneur.
  • Remember to serve your guests and come up with ways to service them when times are tough without discounting services.
  • Do not forget that we service AND are, ourselves, humans first...Treat clients like they are human and not a commodity that you can easily replace.
  • Make Magic with clients and grow your business via strong relationships and knowing your data/numbers!


MENTIONED IN TODAY'S EPISODE:

-- Get Nina's personal recommendations here

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-- Check out Nina's website


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About the Podcast

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About your host

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Robert Hughes

“I THINK HAIRSTYLISTS ARE THE COOLEST, NICEST, AND MOST FUN GROUP OF PEOPLE ON THE PLANET! I AM PASSIONATE ABOUT USHERING IN AN EMPOWERED-STYLIST FUTURE, AND I ABSOLUTELY LOVE GETTING STYLISTS FROM ALL WALKS OF LIFE TOGETHER IN A NON-COMPETITIVE ENVIRONMENT WHERE WE CAN LEARN, LAUGH, AND GROW TOGETHER.”
-Said by ME!
Robert started his hair journey as a kid in rural America offering haircuts on the street to kids in the neighborhood, not realizing, one day, he would find himself working the front desk at a hair salon while in high school. From there, his experience from salon-to-salon has included the front of the house, back of the house, stylist, educator, and consultant. It was during this movement through various salons he developed a passion to empower stylists and educate owners on how to raise the industry standard of excellence, mutual respect, and professionalism amongst stylists, managers, owners, and clients. Robert currently is the General Manager and a Master Stylist at Violet Salon in Georgetown, DC.