Qnity Lightbulb Moments

← Qnity Lightbulb Moments1 aug · 53 min

Lightbulb Moments | Featuring Susan Wos and Mary Beth Berns

Lightbulb Moments | Featuring Susan Wos and Mary Beth Berns1 aug53 min

<p>Succession Planning in the Beauty Industry: What Every Owner Needs to KnowIn this episode, host Tom Kuhn is joined by two powerhouse voices in beauty business transitions: Susan Wos, founder and principal broker of SalonSpa Connection, the only national brokerage dedicated exclusively to buying and selling salon, spa, and barbershop businesses, and Mary Beth Berns, 40-year industry veteran, former salon co-owner, and business coach helping beauty entrepreneurs move forward with clarity and confidence.Together, they unpack what most owners don&#39;t think about until it&#39;s too late - from knowing the real value of your business and cleaning up your financials, to the emotional side of letting go and what it means to build a business with the end in mind. They tackle the five most common reasons small businesses are forced to sell, why a happy team directly impacts your valuation, and what happens when succession plans break down.Whether you&#39;re just opening your doors or decades into ownership, this conversation is for you.</p>