Is it possible for creatives to conquer financial anxiety and build real wealth? In this episode, our founder, Cash Lawless and Anne Moratto from Modern Salon debunk the myths behind creatives and financial management, wealth, and service. They also discuss the current challenges in talent retention and the evolving landscape of salon retail. 

Guest Bio and Links:

Anne Moratto is the Director of Brand Content Strategy for Modern Salon and Nails. Anne Moratto's well-rounded beauty career includes years in beauty public relations, beauty marketing, beauty manufacturing, and now, with Modern Salon, in beauty publishing. 

Listeners can learn more about Modern Salon at https://www.modernsalon.com/ 

Resources:

Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com

Think and Grow Rich by Napoleon Hill

Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan

 Show Notes: 

  • [0:00] Introduction

  • [1:00] Welcome back! Today's episode is a modern salon interview of Cash

  • [1:20] Question: What do you think are some of the things we've told ourselves that might get in the way of developing a good relationship with money and with our finances?

  • [5:00] Myths surrounding creatives and financial management 

  • [8:30] The necessity for business clarity in achieving success 

  • [13:15] "Love, well, give much and work so hard. You can do the first two extravagantly."

  • [14:00] Think and Grow Rich by Napoleon Hill

  • [17:10] Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork

  • [20:10] Question: Why do you it's so hard to raise prices without apology? 

  • [27:00] Industry trends and 'predictions' 

  • [41:00] Question: What is the main pain that hairstylists and salon owners are experiencing right now? And why?

  • [43:00] Retention rates for hairstylists  

  • [47:00] Question: What have you seen as successful strategies for people to attract new talent? 

  • [50:45] Question: What is your personal opinion about beauty services and the prices they are at right now? 

  • [52:30] The future of retail in salons  

Connect with Us:

The Millionaire Hairstylist 

Cash Lawless 

Jordan Drake 

Email - hello@themillionairehairstylist.com

 

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