In this episode of the Inner Sanctum, we talked about the T word! That's right, lovers. It was Tax and Relationships with your accountant and chat with Paris from Group One Accounting. You will often hear the team singing the praises of Paris. Not only is she an exceptional human, she's also an incredible Accountant! This chat covered Paris's journey into accounting. Some background into Samara and Paris' journey together. Then, we went deep into tax and all its variations. If you don't know your GST from your BAS or PAYG, this is the episode for you. We talk about sole traders transitioning to company status and the importance of financial discipline. And, of course, why is having a great relationship with your accountant so important?

00:00 Episode Summary

02:56 Introducing Our Special Guest: Paris from Group 1 Accounting

03:22 The Journey with Paris: Transforming Business Finances

04:13 Navigating Financial Challenges and Trusting the Process

05:48 The Importance of a Good Relationship with Your Accountant

08:53 Personal Stories and Emotional Support

15:29 Protecting Your Business and Personal Finances

20:14 Simplifying Tax Concepts for Business Owners

29:56 Understanding Superannuation

30:34 Breaking Down BAS Payments

32:49 Navigating PAYG Instalments

34:49 The Importance of Accurate Financial Planning

40:13 Director's Loans Explained

43:34 Transitioning from Sole Trader to Company

48:45 Effective Budgeting and Cash Flow Management

58:11 Final Thoughts and Advice

https://www.salonrising.com/

Find out more and watch out for updates on socials @ -

https://www.instagram.com/salonrising_/

We also have a very special offer for all Salon Rising listeners! If you'd love to join the Kevin Murphy family for the first time, or if you are a Kevin Murphy OG, click the link below and jump on these amazing offers.

https://ozdare.com/salonrising

And a huge thank you to our podcast sponsors:

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https://kevinmurphy.com.au/au/en/km/

In this episode of Inner Sanctum we're joined by the beautiful Jess, the creator of Honey and Muse in Sydney. Jess, took us through her journey in the industry and her decision to go from Salon to Solo. From taking over an established salon at age 21 to rebranding it into Honey and Muse.

Jess has been bold and strategic with the changes she's made and her passion and love for her craft is clear. She's faced significant obstacles head on. Including a major price adjustment, overcoming retail aversion, the impacts of COVID-19. As well as recovering from neck surgery!

She's taken it all in her stride and is thriving. We highlight the importance of appropriate pricing, retail strategies, mentorship. As well as the role of social media in client attraction. You're going to love this episode.

00:00 Episode Summary
02:19 Introducing Jess from Honey and Muse
04:45 Jess's Journey: From Salon Purchase to Rebranding
11:21 Navigating COVID-19 Challenges and Downsizing
17:20 The Impact of Rebranding and Relocation
30:29 Adjusting Pricing and Services Post-COVID
39:24 Navigating Pricing and Client Expectations
40:34 Understanding Financial Goals and Pricing Strategies
42:52 The Importance of Retail in Salon Business
45:00 Building Client Trust and Loyalty
54:01 Social Media Strategies for Salon Owners
58:00 Overcoming Business Challenges and Personal Growth
01:09:22 Conclusion and Final Thoughts


https://www.salonrising.com/

Find out more and watch out for updates on socials @ -

https://www.instagram.com/salonrising_/

We also have a very special offer for all Salon Rising listeners! If you'd love to join the Kevin Murphy family for the first time, or if you are a Kevin Murphy OG, click the link below and jump on these amazing offers.

https://ozdare.com/salonrising

And a huge thank you to our podcast sponsors:

https://ozdare.com/

https://kevinmurphy.com.au/au/en/km/

In this highlight, Samara and Jen talk about how managing salon staff has changed over time. They explore how old, toxic work environments, where staff felt bad for taking sick days, are being replaced with more supportive and understanding workplaces. The hosts share their own stories about how they create a salon culture where employees feel safe taking time off when needed and comfortable sharing personal struggles. They explain why it’s so important to show care and understanding for your team.

Samara and Jen talk about how a positive workplace can boost morale, making staff feel valued and more loyal. This support helps employees perform better and stay longer at their jobs. They also stress the importance of moving away from old-school management practices that were often harsh and uncaring. Instead, they suggest building a team-oriented culture, where everyone feels like they matter, from apprentices to senior staff.

Samara and Jen also dive into how to manage apprentices by encouraging support rather than competition. They explain why treating all staff with respect and care creates a healthier, more productive salon environment.

Whether you’re a salon owner or manager, these tips will help you create a workplace where your staff can thrive, feel appreciated, and stay loyal.

00:00 Introduction to Staff Dynamics
00:52 The Culture of Sick Days
03:49 Changing Perspectives on Employee Well-being
06:19 Supporting Staff Through Personal Challenges
08:21 The Evolution of Apprenticeships
10:33 Fostering a Positive Team Culture

Inspired? Listen to the full episode here:

Apple: https://podcasts.apple.com/au/podcast/how-the-industry-has-changed/id1675792257?i=1000607029059

Spotify: https://open.spotify.com/episode/75kVPXCaGaaMXbAubP2P7o?si=aa45cKdsS3qFTglkKudHtA

YouTube: https://youtu.be/R1Qc7Rkr008?feature=shared

To find out more about Salon Rising:

https://www.salonrising.com/

https://www.instagram.com/salonrising_/