Have you ever considered including an employee stock ownership plan in your salon’s business model? Well, it’s time to start!

Doug Cole, owner and founder of Cole’s Salon and self-proclaimed life-long learner, is here to teach you a thing or two about growing your business and giving back to the people who have helped you along the way. 

How to Know It’s Time to Grow

Doug is the proud owner of five beautiful salon locations with prospects of a sixth on the way, but he’ll tell you that he grew into each new location for exactly the same reason, it was simply time. 

He admits that he may have handled things differently than other entrepreneurs, because as soon as Doug ran out of space in one location, he eagerly opened another. After five years in his first salon, his team had outgrown their space and he quickly grew tired of turning down incredible talent. So, along came location number two, and well, you know the rest. 

Doug has such a heart for the people of Cole’s Salon, and he said it simply broke his heart not to bring people into their incredible community, especially as their reputation grew and so many young stylists were showing interest in his brand. 

Not Just Bigger, but Better

Of course, there are other areas you must grow in in order to have five successful salon locations. Doug and his team always focus on getting better before getting bigger. 

Doug struggles with dyslexia, and for years he avoided any kind of learning that would pose a challenge for him due to his disability. He worked hard, and he was an incredible kinesthetic learner, but for several years of his life he was afraid of putting in the extra effort required to tackle the things that challenged him the most, like reading and writing. 

At 26, Doug decided he had had enough and he wasn’t willing to let his disability hold him back any further. He found a mentor who challenged him to do an hour of learning per day, a habit that he’s carried into his 70s because it fills his mind with different ideas and possibilities for the future.

Doug’s commitment to learning is built into the culture at Cole’s Salon. His entire 375 person team is comprised of passionate individuals who are excited to climb their way to the tops of their careers—and the view just keeps getting better. 

Giving Back and Building Loyalty

After 15 years in business, Doug realized that so many of his best people had been with him since the beginning. His stylists grew with him and his brand, his managers had taken over their own salon locations, his front desk employees grew into leadership positions and for the most part, his best people stuck around. 

Doug’s employee retention rates were practically unheard of and he wanted to find a way to give back to everyone who helped shape his brand. Doug sat down with his tax attorney and they came up with the idea of implementing an employee stock ownership plan for all of the people of Cole’s Salon.

Another 30 years later, Doug proudly maintains 70% ownership of Cole’s Salon, and the other 30% is in the hands of his trusted team of employees. The tax breaks are pretty sweet and the Cole’s Salon brand has never been stronger. Doug’s employees are so proud to have part ownership of their company. Their loyalty runs deep and the brand continues to grow even bigger every day. 

Of course, with such a big appetite for education, Doug believes that the best is yet to come. He’s got so much more to learn, and he can’t wait to share in the abundance, there’s always enough to go around!

Want to learn more about Doug and his inspiring salon business model? Listen to the podcast that inspired this blog, episode 185. And be sure to check out Cole’s Salon for more details on their incredible salon culture.

Starting your own salon isn’t easy, and growing your team is no small task either, but it’s perhaps the most important step in expanding. Besides, as a new salon owner, you’ve got nowhere to go but up.

Adam Broderick is no stranger to the struggles of starting your own salon. We introduced you to Adam on the Beyond The Technique podcast, but if you missed his previous interviews, we’ll give you a quick recap: Adam is the owner of the renowned Adam Broderick Salon and Spa with two locations in Connecticut.

Adam took a unique route into the industry. He actually started his career as an animal groomer and eventually decided to take on the challenge of human clients. Amongst other things, Adam is also a motivational speaker and business consultant to other salon owners. He is quite the entrepreneur and he’s one of the industry’s most respected figures.  

Adam walks us through how he started his own pet grooming business before the age of twenty, how this incredibly unique career choice ultimately led him to the beauty industry, and how he eventually opened his own salon and built up his business in order to become one of the great successes of our time.

Growth Doesn’t Happen Overnight

Like all good things, growing your tribe takes time. Sometimes it takes a long time, but when you find those people who just fit, you’ll know it was worth the wait.

With two salon locations, Adam employs over 200 people. You might be wondering how he found so many people who fit his brand so perfectly, he says he simply took it one coworker at a time.

How Do Your Hire That Many People?

The next question you might be asking is how does Adam have enough hours for his 200 some employees? Well, for Adam, this is kind of his secret sauce. Before starting his own salon he worked on 5th Avenue with what he says were some of the greatest stylists he’s ever known, and he recalls how difficult it was to get in with them. 

Sometimes clients would have to wait two or three weeks before they were able to get an appointment and Adam decided that he wanted to give his clients more availability and access. Adam believes that level of accessibility is the new luxury. So, over the years he built up a team with more stylists than he had chairs and moved his team into split shifts. 

With his employees only working half of the day each day, he was able to extend his hours. He opens his salon up at 7:30am sharp and keeps his doors open until 10:00pm so that everyone can get in no matter their schedule.

Hiring New Talent Is One Thing, Keeping Them Is Another

Adam is proud to say that he has many stylists on his team who have been with him for 10, 15, even 20 years. While Adam believes that the longevity of a stylist is variable based on work environment and lifestyle preferences, he says that when he does experience turnover, it usually happens within the first six months to a year of their start date. 

Adam and his team always aim to create a really strong culture. He says that although they’re always growing and changing, his team strives to maintain a safe and accepting work environment. He wants Adam Broderick Salon to be a safe and dynamic place to work, and he works hard to give all of his stylists the career path they’re looking for. 

Adam loves this industry and he’s so proud of his team and how far they’ve come. Adam says the key to becoming a successful salon owner and growing your team is ultimately to give yourself permission to work differently. Don’t be afraid to change the industry for the better.

If you’d like to learn more about Adam and his incredible journey in the beauty industry including how he has managed to grow his salon, listen to the podcast that inspired this blog, episode 184. And don’t forget to check out his salon website to follow his movement on his own industry blog,Insights from Adam.

Everyone needs feedback in order to learn and grow, both personally and professionally, but sometimes it can be hard to ask for feedback. Perhaps it’s that we’re not asking the right questions. Maybe it’s that we’re really not as open to receiving feedback as we make ourselves out to be. 

There are so many factors at play when it comes to getting the feedback that you’re looking for, or maybe the problem is that you’re not actually looking. 

Whatever the case may be, it can be difficult to pinpoint what’s standing in the way. Business Coach and Keynote Speaker Jay Williams is here today to share his favorite tips and tricks for getting the feedback that you deserve. 

If you aren’t already familiar, Jay is the author of the book, Leave Your Mark, which focuses on leadership and influence in the salon industry. Jay works directly with salon owners and beauty industry professionals to help them see the connection between emotional intelligence and the technical skills needed in order for them to thrive in their field.

Jay is passionate about the power of feedback, both positive and constructive, and today he shares his advice for both giving and getting the feedback you’ve been waiting for.

Why Is Getting Solid Feedback Such a Struggle?

While there could be many things standing in the way of your growth, getting the right feedback is crucial to your success. It’s called constructive criticism for a reason--it’s supposed to push you to be better, not keep you from chasing your dreams. 

So, why is getting the right feedback so tricky? Jay shares the top three things keeping us from asking for and embracing the feedback that we so desperately need to succeed. 

Receiving Feedback Can Be Scary

The first reason some people struggle to get solid feedback is that they’re afraid of what they might hear. This fear stems from anxiety around whether or not the feedback will be positive. Of course, we always hope it will be, but we also know that we have certain areas of improvement--are we ready to talk about them?

Sometimes We Don’t Think We Need It

The second reason people aren’t seeking out solid feedback is because they don’t think they need it. 

It can be difficult for some people to see past their own parameters and find room to grow. We are inherently narcissistic and we often have a hard time coming to terms with the fact that we might actually benefit from a little constructive criticism once in a while.

Other Times, It Simply Doesn’t Cross Our Minds

The third reason someone might not be getting the feedback they really want is because they simply don’t know what they’re looking for. 

Sometimes we can chalk it up to the fact that the need for feedback hasn’t exactly crossed our minds. We don’t know what we don’t know, and so we haven’t thought to ask.

How Often Should You Be Offering Feedback?

As salon owners and managers, we often schedule out the times and dates we plan to deliver feedback to our teams--yes, I’m talking about reviews. But is this the only time we should be offering advice or praising our people?

It’s human nature to want to know where you stand at all times. That basic need feeds into emotional intelligence and the need to feel grounded. So, essentially, you should be sharing feedback every time the opportunity presents itself.

If we go back to those reviews, whether you choose to sit down with your team weekly, monthly, quarterly or annually, the review should ultimately be a confirmation of what you’ve been sharing with your team all year long.

Jay says that if you’re able to share feedback with your team members on a daily basis, whether that be positive, negative, or constructive, nothing is going to come as a surprise come review day and thus there’s nothing to be anxious about. That’s how you tackle that initial fear.

It’s also important to remember that while “reviews” are often tied to monetary goals or incremental values, feedback can take many forms and shouldn’t always be tied directly to profit performance. Instead, “feedback” should simply be a part of your daily communication. Keep it constructive and don’t forget to sprinkle in a little positive affirmation once in a while. 

As Leaders, What Should We Be Giving Feedback On?

Do we only want to be offering advice specific to the technical aspects of things? Should we take our feedback beyond the technique? 

According to Jay, there are opportunities in both areas. The biggest benefit to giving feedback more frequently, whether it be related to those technical components or more in line with your general business values, is that it allows for real-time course correction. 

You can solicit feedback without following a specific format, but remember that the goal is always to improve performance. So, it’s important that no matter the tone of your feedback or the subject of your solicitation, you always make your intentions known. Not only does this help build trust between both parties, but it also eases the tension around accepting feedback in the first place.

What Are the Most Basic Dos and Don’ts of Soliciting Feedback?

Do say: “I want you to be successful.”

Don’t say: “You’re not meeting my expectations.”

Do say: “I want to give you some constructive feedback.” 

Don’t say: “Let me tell you what you’re doing wrong.”

Do say: “I want to help you.”

Don’t say: “Don’t be defensive.”

Giving feedback is a skill, and much like cutting or coloring hair, the more you practice, the better you’ll become. Ultimately, if you want to improve someone’s performance, you’ve got to improve their thinking. 

And remember, when you praise, do it publicly. When you go about perfecting your communication and the experience with your people, do so in private. 

If you’d like to learn more about giving and getting feedback, listen to the podcast that inspired this blog, episode 182. Want to learn more about emotional intelligence? Check out our blog on why our EQ matters more than our IQ! 

Are you ready to leave your mark on the industry? It’s time to grab Jay’s book and get down to business!