Highlight 9: Why Most Solo Businesses Fail Within 18 Months — And How to Build One That Lasts

In this highlight, Samara and Jen chat with Sherri, who leads ANZ partnerships for Timely.They talk about why many solo businesses shut down within 18 months…and how you can stop that from happening to you. They share easy tips to help your business stay strong and explain what it really costs to work for yourself…beyond just time and money.They also talk about how hard it can be to do everything on your own. If you wait until you’re burnt out, it might be too late. But small changes in the way you plan and run your business can make a big difference over time.You’ll also hear real talk about what success really looks like, and why it’s okay to build a business that works for you, not just what others expect.If you own a salon, are working on your own or thinking about it, this episode will help you build a business that lasts. One step at a time.00:00 Introduction and Background00:42 The Importance of Software in Business01:39 Understanding Business Metrics02:23 Challenges of Solo Business Ownership06:31 The Role of Business Coaching09:00 Daily Routines and Personal Reflections11:08 Conclusion and Final ThoughtsInspired? Listen to the full episode here:Apple: https://podcasts.apple.com/au/podcast/the-business-lessons-youll-wish-you-learned-with/id1675792257?i=1000682799780 Spotify: https://open.spotify.com/episode/2kHschWM6C7UZbw4JcfMMg?si=0XmcJOPGSR2t584yMQhE4AYouTube: https://youtu.be/tAMgHJCsQ_8?feature=sharedMentioned in this episode:https://www.salonrising.com💛 A Limited Time Offer From Our Amazing Sponsor, Timely 💛➡ Timely is the easy to use booking and payments system that puts salon owners in control of the whole client experience from the first booking to final payment.➡ Salon Rising listeners get a 14 day free trial plus 50% off their first 3 months.➡ And until August 1st, when you activate with Payments, you'll also get a free Touchscreen terminal, worth $349 + GST.Use the code SALONRISING at checkout or click the link below to get started. Once you're set up, your Timely contact will take care of the rest. 👇Timely💖 Celebrating Our Podcast Partner – Christophe Robin, proudly distributed by McM ImportsWe’ve partnered with Christophe Robin and MCM Imports to bring you something beautiful:➡ Experience the Christophe Robin Discovery Box — curated by pro ambassador Monique McMahon.➡ Inside, you’ll find her handpicked favourites — the hero products she swears by in the salon.It’s your invitation to explore the range and discover why Christophe Robin has become a quiet obsession among stylists who know their craft.Click the link below to request your FREE Christophe Robin Discovery Box, exclusively through McM Imports. 👇MCM