270 Should You Share Your Salon’s Financials with the Team?

As an educator and business coach in the industry, I get asked a lot of questions, and one that keeps coming up is, “Should I share the salon financials with the team?”

 

As with most things, there are pros and cons, for and against…

 

In today's episode, I will talk you through my thoughts on both … but spoiler alert: I’m in favour of sharing some [if not most] of the salon financials with your team… 

 

So I’m going to start with my five reasons why you should share your financials and then five reasons why you shouldn’t or, at the very least, why maybe you’d think twice before you share too much…

 

 

 

IN THIS EPISODE:

 

[01:14] Should you share the salon's financials with your team?

[02:02] The 5 reasons to share your salon's financials

[09:52] The 5 reasons against sharing your salon’s financials

[14:17] Balancing the decision with the salon's culture and team dynamics.

[16:43] Conclusion and resources

 

 

 

Want MORE to help you GROW?

 

📚 Check out our Bestselling GROW Books

https://growmysalonbusiness.com/books/

 

🆘Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/

 

 

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Until next time!
 Antony

 

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