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 Bookshttps://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/  RATINGS + REVIEWS 🙏Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated!  They do matter in the rankings of the show and help other people find my podcast.👉 Here's what you do:- On your phone,Click here  (Read steps below first)- Scroll down to 'Ratings & Reviews'- Tap on the empty purple stars and rate 5 stars- Click on ‘Write a Review’ I love to hear what’s been helpful and what you love about the podcast! Thank you for your support! 🙏Until next time! Antony 👉 FOLLOW US!Instagram | Facebook | Website