The Millionaire Hairstylist

Email - hello@themillionairehairstylist.com

E48: The Income Generating Power of Extensions | Lacy Gadegaard-West, Founder, Laced Hair Extensions Apr 08, 2024

Show notes

In this episode, Lacy Gadegaard-West, Founder of Laced Hair, shares her inspiring entrepreneurial journey. Starting as a hairstylist at the Bellagio Hotel in Las Vegas at age 19, where she realized the demand for hair extensions and launched her own brand. Lacy gets real about overcoming challenges like funding, inventory management, and a health diagnosis that led her to start the Laced Hair Foundation. She emphasizes the importance of solving your own problems, embracing innovation, supporting stylists, and building a strong team.

Guest Bio and Links:

Lacy Gadegaard-West is the founder and CEO of Laced Hair, a leading brand in the hair extensions industry. Lacy started her career as a hairstylist at the Bellagio Hotel in Las Vegas and launched Laced Hair to meet the demand for high-quality hair extensions. Lacy is also the founder of the Laced Hair Foundation, a non-profit organization that provides free wigs and extensions to women experiencing hair loss due to medical conditions.

Listeners can learn more about Lacy and Laced Hair at https://lacedhaircare.com/ and https://lacedhairfoundation.org/ and on IG @lacygadegaard, @lacedhairextensions

Resources:

Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com

Show Notes:

[0:00] Introduction
[1:00] Today's guest is Founder of Laced Hair Extensions, Lacy Gadegaard-West
[1:15] Lacy gives a brief background
[3:00] Starting as a hairstylist at the Bellagio Hotel
[7:40] Question: How were you aware that extensions were a growing market demand that you could bring to the Bellagio?
[11:00] Economics of extensions
[18:00] Dealing with inventory costs of extensions
[24:00] Lacy's early marketing strategies
[25:30] Utilizing social media for brand growth
[32:30] Question: What are some of the things that you did in the beginning that you felt like you did well, that worked for you?
[36:00] Bullying in the hair industry
[45:30] Lacy's health challenges, and the inspiration behind starting the Laced Hair Foundation
[57:30] Lacy's recent launch of a haircare line
[1:00:25] "I'm a hair stylist by trade and a CEO by accident." -Lacy Gadegaard-West
[1:02:50] The Laced Hair Foundation

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Email - hello@themillionairehairstylist.com

E47: Modern Salon interviews The Millionaire Hairstylist Apr 01, 2024

Show notes

Is it possible for creatives to conquer financial anxiety and build real wealth? In this episode, our founder, Cash Lawless and Anne Moratto from Modern Salon debunk the myths behind creatives and financial management, wealth, and service. They also discuss the current challenges in talent retention and the evolving landscape of salon retail.

Guest Bio and Links:

Anne Moratto is the Director of Brand Content Strategy for Modern Salon and Nails. Anne Moratto's well-rounded beauty career includes years in beauty public relations, beauty marketing, beauty manufacturing, and now, with Modern Salon, in beauty publishing.

Listeners can learn more about Modern Salon at https://www.modernsalon.com/

Resources:

Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com

Think and Grow Rich by Napoleon Hill

Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan

Show Notes:

[0:00] Introduction
[1:00] Welcome back! Today's episode is a modern salon interview of Cash
[1:20] Question: What do you think are some of the things we've told ourselves that might get in the way of developing a good relationship with money and with our finances?
[5:00] Myths surrounding creatives and financial management
[8:30] The necessity for business clarity in achieving success
[13:15] "Love, well, give much and work so hard. You can do the first two extravagantly."
[14:00] Think and Grow Rich by Napoleon Hill
[17:10] Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork
[20:10] Question: Why do you it's so hard to raise prices without apology?
[27:00] Industry trends and 'predictions'
[41:00] Question: What is the main pain that hairstylists and salon owners are experiencing right now? And why?
[43:00] Retention rates for hairstylists
[47:00] Question: What have you seen as successful strategies for people to attract new talent?
[50:45] Question: What is your personal opinion about beauty services and the prices they are at right now?
[52:30] The future of retail in salons

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Kourtnee's viral video with her Grandma

Email - hello@themillionairehairstylist.com

E46: The Instagram Breakthrough That Filled My Books with @TheColourChemist Mar 25, 2024

Show notes

What's it like for instagram demand to completely fill your chair as a stylist? Jacksonville hairstylist, Kourtnee Jinright, shares how embracing her authentic self sparked a journey from stylist to Instagram sensation. Listen to learn how Kourtnee uses Instagram to build her clientele and brand partnerships now and over the past seven years. She discusses the importance of authenticity, creating engaging content, and understanding the viewer's mindset on different platforms.

Guest Bio and Links:

Kourtnee Jinright is a hairstylist and Instagram influencer with over 140K followers. She is known for her engaging content, viral videos with her grandma, and her expertise in low maintenance hair. Kourtnee recently moved to a salon suite and is focused on building her brand partnerships and influencer career alongside her hairstyling work.

Listeners can learn more about Kourtnee on IG @thecolourchemist and on TikTok @thecolourchemist

Resources:

Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com

She gets married in two days

Show Notes:

[0:00] Introduction
[1:00] Welcome back! Today's guest is, Kourtnee Jinright a.k.a @TheColourChemist
[1:30] Introduction and Kourtnee's journey with Instagram
[2:30] It's time for bloooooooperssss
[3:45] E42: Using Instagram to Go Viral and Fill Your Books with Melanie Hasson
[7:00] She gets married in two days
[9:30] Advice to hairstylists who haven't gone viral on social media
[10:00] Insights into Kourtnee's content creation strategy and engaging her audience
[12:30] Kourtnee's experience with the algorithm
[19:00] Low Maintenance color
[25:00] Question: What would your plan be if you lost social media today?
[30:00] Setting boundaries with feelings in business
[34:30] "Control the controllable"
[35:00] Cash shares an anecdote about a celebrity client mishap
[38:00] Setting boundaries and firing clients
[45:30] Co-referral concept
[48:30] Modern salon top 100
[51:55] Kourtnee's experiences with brand partnerships

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Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series)

Email - hello@themillionairehairstylist.com

E45: (Best Of) Real Estate for Hairstylists and Salon Owners with Sam Brocato Mar 18, 2024

Show notes

In this Best Of episode, Sam Brocato joins us to share his remarkable journey from being a high school dropout to building a multi-million dollar salon empire. You'll learn how real estate was an early key to his financial freedom, how he leveraged mentorship to guide his business decisions, how to generate opportunities from the people who sit in your chair, and many more insights from Sam's incredible career.

Guest Bio and Links:

Sam Brocato is a renowned hairstylist, businessman, and real estate investor. He built a multi-million dollar hair empire in Louisiana before moving to New York City to open the Sam Bracato salon and his own line, Together Beauty.

Listeners can learn more about Sam at his website https://www.sambrocatosalon.com/ and https://togetherbeauty.com/ and on IG @sambrocato

Resources:

Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com

If it Ain't Broke...Break It!: And Other Unconventional Wisdom for a Changing Business World

Beautiful Business: Retailing for the Hairdresser

Show Notes:

[0:00] Introduction
[1:00] Welcome back! Today's guest is Sam Brocato
[2:45] Early days - Sam started in the beauty industry his sophomore year in high school
[5:00] Focusing on real estate investing alongside hairdressing
[14:00] Question: What made you think in your 20s that you could manage both growing a business and investing in real estate? Especially at a time when investing in real estate was not popular?
[16:00] Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series)
[18:00] Sam's mentors
[23:00] Transition to New York and expanding horizons
[30:00] If it Ain't Broke...Break It!: And Other Unconventional Wisdom for a Changing Business World
[37:00] Developing Together Beauty and pivoting to a consumer-focused model
[38:00] Know your numbers!
[40:35] "To me, whether it's 2 percent of 200 million or 2 percent of 2 million is still 2%."
[43:00] Beautiful Business: Retailing for the Hairdresser
[43:45] "Being truly wealthy is being able to not work if you don't want to."
[46:00] Sam's recruiting process or new talent
[53:00] Sam's advice on scaling your business

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