Leading Forces in Pro Beauty Unite to Support Financial Sustainability in the Industry

Qnity, Inc. recently announced a collaboration with Intercoiffure America Canada (ICA). With this alignment, Qnity will be providing specialized support to ICA members on financial sustainability with guidance to help navigate economic hardships as a result of COVID-19.  

Sheila Wilson, president of ICA shared: “During these stressful and uncertain times, we must stay financially healthy. There is no one with a better understanding of our business and the ability to provide relevant information to keep us financially healthy than Tom Kuhn.”  

Qnity Founder and CEO, Tom Kuhn is a former CPA and a 25-year professional beauty industry veteran with the street credit of owning multi-unit salons and spas himself. In addition to serving as a trusted financial advisor and educator for many top brands, he’s also known as a turnaround specialist helping to lead businesses through times of crisis.  

“Everyone is talking about government relief. Few are talking about the need for financial guidance,” Kuhn says. “When I got the initial call, it was clear how much the ICA Board cares and is committed to providing their members access to guidance for critical issues, financial sustainability and successfully navigating this unchartered territory.”  

This collaboration is part of a larger initiative by Qnity to help 10,000 small businesses come out of this crisis stronger, helping fuel economic growth. To support the financial sustainability of the professional beauty industry at large, Qnity is offering enrollment in their PLAN FOR PROFITS, the COVID-19 PIVOT EDITION, a financial management training program (a $1,997 value) at a Pay-What-You-Can rate.  

Salons and spas notoriously struggle with cash management and financial practices, pandemic or not. A global economic crisis of this magnitude naturally amplifies these problems.  

The Qnity team encourages owners and leaders to be highly intentional about every financial decision right now. The PLAN FOR PROFITS program empowers and guides owners and leaders through exactly that.  

By enrolling in Qnity’s PLAN FOR PROFITS, the Pivot Edition participants receive:

• PLAN FOR PROFITS Curriculum: Based on 30+ years of financial experience, this five module course is designed to help salon/spa owners, managers and leaders ‘level up’ their financial practices for greater prosperity. Modules include 8-12 short instructional videos based on Qnity’s revolutionary simple, visual and actionable approach.
• Financial Roundtables: Hosted by Qnity CEO and featuring guest experts, these weekly sessions address timely and critical financial topics for business owners; such as lease negotiations, cash management and more.
• Financial Guidance: Videos and resources to navigate through the various issues brought on by COVID-19.
• Community: Private learning portal and Facebook group to connect with peers for questions and support. Participants will also receive a small group assignment with a leader committed to participants’ success.     Since the onset of COVID-19, Kuhn and the Qnity team have been all hands on deck to help their salon and spa customers as well as the industry at large get through this turbulent time.   

 As industry icon Gene Juarez said, “I applaud Qnity for demystifying this problem that’s been exacerbated and revealed. Financial literacy AND discipline is key. Qnity has the flashlight.” 
 

Kuhn continues, “There are lots of reasons for hope right now. But hope is not enough. We need to match HOPE with ACTION.”  

About Qnity: Qnity is a learning and development company that helps businesses and their teams prosper.  Through their signature simple and visual approach, Qnity’s core programs create structure that leads to transformative results in growth, engagement, leadership, execution and profitability. Led by Tom and Erin Kuhn, a father and daughter team, Qnity’s training and award winning visual-thinking tools have helped thousands of salon and other small businesses, as well as many esteemed brands, such as Merrill/Bank of America, JP Morgan/Chase, Estee Lauder and ULTA Beauty.  

About Intercoiffure Amercia Canada:  Founded in 1933, Intercoiffure is the North American beauty industry’s most prestigious professional association, with an exclusive membership of 300+ high-level salon owners, representing over 2,200 elite salons in the United States and Canada. Members exemplify the best in quality and professional expertise, setting the standard for salons worldwide. Current annual sales volume ranges from $1.5 million to $85 million, with 24,773,605 client visits per year. Intercoiffure members employ over 27,685 people.  

About Tom Kuhn:  Qnity Founder Tom Kuhn is a former CPA and a 25-year professional beauty industry veteran with the street credit of owning salons himself. Kuhn has held C Level positions (CEO, COO, CFO) in all channels of the professional beauty industry including salons, distribution, manufacturing, consulting and education. He has a unique way of making financial information simple, visual, and actionable. Tom is also the founder of the 2TO10 Project. Now in its tenth year, 2TO10 was created to fill a void in the beauty business by providing unbiased, brand neutral, financial information, data sharing and best practices for multi-unit salon/spas with between 2 and 10 locations.