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Salon Today

April 2015

What happens to your business when you put down your shears, pay the last paycheck or conduct your last one-on-one? Will your salon survive your retirement?

Our April issue helps owners prepare a bright future for themselves and their businesses through solid succession planning, sharing the personal what’s-next stories of three salons—Jamison Shaw Hairdressers, Zano Salons and Bob Steele Salons and The Verge. Plus, Summit Salon Business Center’s Peter Mahoney offers valuable points to ponder before selling your salon and the importance of building employee stakeholders.

In a separate story, consultant Sam Beckford helps salon owners build solid retirement nest eggs by showing them how to invest in commercial real estate.

In This Issue

Article
Article

Retirement Reassurance

Stacey Soble | April 2, 2015

One of Sam Beckford’s favorite success stories is a client who didn’t buy property until she was in her late 50s.The client owned a small dance studio that operated out of a building she rented. Beckford advised her to buy commercial ...

Article Jamison Shaw, Candy Shaw and Jamison Shaw Codner of Jamison Shaw Hairdressers in Atlanta, have built a salon empire through succession planning.
Article

Next in Line: Building a Southern Dynasty

Stacey Soble | April 1, 2015

On Christmas Day 1998, Jamison Shaw and his daughter Candy Shaw inked a deal on the family’s dining room table, officially transferring ownership of Atlanta’s Jamison Shaw Hairdressers from Jamison to Candy. After signing the last ...

Article Shane Price, founder of Green Circle Salons.
Article

Greening the Industry

Stacey Soble | March 31, 2015

Have you ever assessed what goes into your trash? Have you counted the number of bags that hit the dumpster every night after the salon closes? Maybe it’s time you should.When a Toronto salon owner told entrepreneur Shane Price how much ...

Article Amanda Hair and Bob Steele, sequential owners of Bob Steele Salon in Atlanta.
Article

Next in Line: Grooming a Successor

Stacey Soble | March 31, 2015

In her early 20s, Amanda Hair was managing a Bebe clothing story, when a stylist from the nearby Bob Steele Salon ducked in for some items to use in a photoshoot. Admiring Hair’s look, the stylist asked if she’d ever consider ...

Article Nick, Denise and Sam Provenzano, owners of Zano Salons headquartered in Naperville.
Article

Next in Line: Family Matters

Stacey Soble | March 30, 2015

When Denise and Ron Provenzano launched their first Zano Salons location in Naperville, Illinois, in 1985, their sons were young. “Like most new salon owners, our topic of conversation was always about Zanos whether we were around the ...

Article
Article

Sharing the Stakes

Stacey Soble | March 25, 2015

Through the Salon Resource Group, Peter Mahoney owns 23 salons under five different brand names throughout Canada. Within that salon group, he’s groomed about 20 different employee-owners who each have a stake in the future success of the ...