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Thriving Stylist Podcast

#345 - Can you afford to booth rent or suite rent

Thriving Stylist Podcast

Britt Seva

Stylist, Business, Hair, Hairstylist, Marketing, Salon, Careers, Businessbuilding

4.72K Ratings

🗓️ 22 July 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

The question of whether someone can afford to rent a booth or rent a suite right now is one that I hear often, but this episode is not just for commission-based stylists or employee stylists who are considering leaving their current salon. It’s also for people who are renting booths currently, because let me tell you, there is a lot to consider with this type of business model!

In this episode I’m breaking it all down, including the costs you need to consider with booth rent or suite rent, the way to be looking at taxes and write-offs, and what to keep in mind to ensure that your client is always receiving the best service possible, and not paying the price for you making a move that may not have been the right one to make at the time.

In Thrivers Society we have tools and resources to help you make these important calculations, but even if you’re not a member, today I share a lot of the allocations and guidelines to consider that will help you if you’ve been thinking about renting a booth. I hope what I share helps educate and inform you as you potentially head into a season of change and growth!

Do you have a question for me that you’d like answered in a future episode? A great way to do that is to head over to Apple Podcasts and leave a rating and review with your question. I'm looking forward to answering your question on a future episode on the podcast!

If you’re not already following us, @thethrivingstylist, what are you waiting for? This is where I share pro tips every single week, along with winning strategies, testimonials, and amazing breakthroughs from my audience. You’re not going to want to miss out on this.

Learn more at: https://thrivingstylist.com/podcast

Transcript

Click on a timestamp to play from that location

0:00.0

Do you feel like you were meant to have a kick-ass career as a hair stylist?

0:06.0

Like you got into this industry to make big things happen?

0:09.0

Maybe you're struggling to build a solid base and want some stability.

0:12.0

Maybe you know social media is

0:13.8

important but it feels like a waste of time because you aren't seeing any results.

0:17.4

Maybe you've already had some amazing success but are craving more. Maybe you're

0:21.9

ready to truly enjoy the freedom and flexibility

0:24.4

this industry has to offer. Cutting and coloring skills will only get you so far,

0:29.0

but to build a lifelong career as a wealthy stylist, it takes business skills and a serious

0:34.1

marketing strategy. When you're ready to quit just working in your business and

0:37.9

start working on it, join us here where we share real success stories from

0:41.5

real stylists. I'm Brit Civa, social media and

0:44.4

marketing strategies just for hairstylists, and this is the Thriving Stylists

0:47.9

podcast. What is up and welcome back to the thriving stylist podcast? I'm your host

0:55.6

Braseiva and today we're talking about can you rent a studio suite or a booth?

1:01.2

And this episode is not just for Commission stylists

1:04.0

or employee stylists, it's for booth renters.

1:06.2

By the way, some of you are in a studio suite

1:08.6

and you cannot afford it.

1:10.1

And some of you are in an employee-based situation and you're asking yourself,

1:14.5

can I go into a studio suite? Can I go rent a booth? I'm feeling ready. Am I really?

1:20.8

I love this question. I love that hopefully all of you were asking this question before you make the

...

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