Social Beauty Makers
Social Beauty Makers
66. 2023 Rehash Continued; plus the Math of Independence, Pricing & More
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66. 2023 Rehash Continued; plus the Math of Independence, Pricing & More

Transcript

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I pick up where I left off in Episode 65 - plus dig into how to think about the math of independence and setting prices. Arguably, these two topics are industry-wide 'Achilles Heels'. For added context: when successful pros move to independence unprepared, their income will often fall. Multiply this by tens of thousands, and the impact on the industry can be far-reaching. The same is true of price increases: if a large percentage of those controlling prices in salons choose not to keep pace with inflation, the impact on the larger industry can be significant. For example, the larger percentage of traditional salons that do not keep up with inflation in the past likely has fueled interest in independence (as wages in those salons likely did not keep pace with the cost of living.

Social Beauty Makers
Social Beauty Makers
Each week, longtime pro beauty executive Gordon Miller brings insights and inspiration to you - by way of 2 fast-paced 15-minute episodes. Sundays feature 1-on-1 conversations around one big idea with industry "masters" - a group of mindful (and often iconic!) professionals with unique insights into a variety of important topics. Wednesdays feature Gordon solo for a curated version of what he sees and hears in our larger world that is relevant to salons, pros, and brands. As Gordon likes to say "the pro beauty industry is a mirror image of our larger world" - and this is our 15-minute weekly effort to share what that might mean for your today....and tomorrow.