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Only 5% of Salons Are Profitable—Here’s How to Change That
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What if the only thing standing between you and true financial freedom wasn’t your talent—but your understanding of the numbers behind your business?
In this episode of Stylist Soul Tribe Conversations, Lisa sits down with Jolene and Kristi from The Summa Collective—two powerhouse financial experts with over 30 years of combined experience helping beauty professionals grow smarter, stronger, and more sustainably.
Together, they break down why only 5% of salons are profitable, what’s keeping stylists stuck in financial overwhelm, and the exact mindset and systems shifts that can help you finally take control of your money.
💡 In This Episode, You’ll Learn:
- The shocking statistic about salon profitability—and how to change it
- How to actually read your Profit & Loss statement (without feeling intimidated)
- The biggest financial mistakes beauty pros make (and how to fix them fast)
- What it really means to pay yourself like a CEO
- Why mindset and money confidence are the secret to long-term success
- How The Summa Collective helps stylists and salon owners make accounting approachable and empowering
🔗 Connect with Summa Collective
Follow on Instagram → @thesummacollective
Learn more + book a consultation → https://www.thesummacollective.com/contact
🎧 Want to Go Deeper?
This conversation is the prequel to the live Financial Masterclass inside the Stylist Soul Tribe Mastermind on November 18th—where we’ll dive into your own profit and loss numbers, learn how to find your break-even point, and map your path to sustainable profit.
💬 Let’s Connect
If something from this episode clicked for you, send Lisa a DM on Instagram → @stylistsoultribe
We love hearing your “aha” moments and stories of transformation!
Connect with Lisa Huff
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