Female CEO Show

This week, we're talking MONEY! I know so many of you struggle with finances, understanding your income, saving and budgeting. I'm walking you through my basic methods of budgeting, working your numbers for clarity and giving you a better understanding of your business income so you can continue to grow and scale!

Lots of you said you wanted an episode about discipline! Here we go! My own biggest tips to building better discipline in your life and business, as well as 9 steps to take when you're first beginning to build new habits and routines.

Does your rebooking rate suck? If you're at 50% or less rebooking clients, yes, it does. This week I really wanted to chat about potential issues that could be keeping clients from rebooking with you. I see so many of you struggling to get new clients, but it's SO much easier to keep a client than have to hustle for a new one.

What do you do when it feels like you've been grinding day after day, week after week, month after month and nothing is really changing? This week I'm chatting about the importance of discipline, self care without sacrificing time for your business and what to expect when you're in the thick of building a disciplined schedule.

This week, we're chatting about getting new clients. I see so many of you struggling to fill your books and while it's not easy to get to fully booked status, if clients aren't returning and new clients aren't booking, take these tips and run with them!

This week, we're chatting about the top 6 issues I often see solo beauty biz owners making and how they're hurting your business!

This week, we're interviewing Olivia from Frolic Bookkeeping to discuss the importance of bookkeeping for female entrepreneurs. We're covering topics like what bookkeeping is, choosing a bookkeeping method, the challenges of using accounting software, setting financial goals, understanding business bank accounts, common mistakes in bookkeeping, paying yourself from your business, preparing for slow seasons, and the difference between wealth and riches.

In this episode, I'm reflecting on my biggest lessons in business and sharing insights to help you avoid common mistakes! Make sure to get your FREE 30 minute coaching call by leaving a review and sharing this episode on your IG stories!

Big Takeaways

Investing in your business is crucial for growth and success.

Be cautious when trusting others and always do your due diligence.

Read contracts carefully and understand the terms before signing.

Develop discipline and do the hard work necessary for success.

Give yourself grace and avoid beating yourself up.

Bet on yourself and have faith in your abilities.

Bring God into your business and seek His guidance and blessings.

00:00 Introduction and Celebration

01:54 Lesson 1: Invest in Your Business

11:00 Lesson 2: Do Not Trust Anyone

16:36 Lesson 3: Read Your Contracts

20:23 Lesson 4: Develop Discipline

23:15 Lesson 5: Do the Hard Stuff

25:12 Lesson 6: Don't Beat Yourself Up

27:05 Lesson 7: Bet on Yourself

29:01 Lesson 8: Bring God into Your Business

This week, Madi discusses her journey as an esthetician and co-owner of DaniCole Aesthetics. She shares the importance of finding a niche and specializing in a specific service, such as Brazilian waxing. Madi also highlights the collaborative environment at her studio and the unique concept of offering a variety of services in an open-air setting. She introduces Master the Smooth: Brazilian Wax Training Course, an affordable and comprehensive training program she is launching. The class includes both theory and hands-on training, covering all aspects of providing a Brazilian wax service. Madi emphasizes the value of social media in attracting clients and the need for self-confidence and boundary-setting in the aesthetics industry.

This week, we're discussing the importance of reviewing and adjusting service menus and pricing for the new year. As a service provider, you need to understand and target ideal clients, analyze the popularity and profitability of services, and focus on being a master of a few services rather than offering a wide range. I'm also giving insights on phasing out services, introducing new services, and building anticipation through effective marketing strategies. We're also covering the significance of analyzing numbers, setting pricing goals, and managing finances to ensure business success.

BIG Takeaways

Understanding and targeting your ideal clients when creating your service menu.

Analyze the popularity and profitability of your services to make informed decisions.

Focus on being a master of a few services rather than offering a wide range.

Use effective marketing strategies to phase out services, introduce new services, and build anticipation.

Episode Breakdown

00:00 Introduction and Importance of Service Menu and Pricing

00:56 Creating a Service Menu Geared Towards Ideal Clients

02:23 Analyzing Most Booked Services and Income Generation

04:18 Considering Passion and Expenses in Service Selection

06:13 Being a Master of Few Services

07:41 Changing Client Preferences and Offering Specialized Services

08:10 Phasing Out Services and Upselling

09:37 Introducing New Services and Building FOMO

10:35 Evaluating Need, Market, and Budget for New Services

22:33 Reviewing Numbers and Setting Pricing Goals

23:32 Determining Business and Personal Budgets

24:31 Analyzing Cost and Revenue of Each Service

25:56 Considering Inflation and Raising Prices

29:23 Importance of Financial Management and Avoiding Losses

30:13 Conclusion and Call to Action

Summary

In this episode, Megan discusses how to respond to negative client reviews. She shares a personal experience with a difficult client and explains how she handled the situation. Megan emphasizes the importance of identifying problematic clients and setting boundaries. She also provides tips on effective communication with clients and how to handle unusual reactions to products. Megan shares her own experience of receiving a negative Google review and provides advice on how to respond professionally. She encourages business owners to face negative reviews head-on and stand up for themselves and their businesses.

Takeaways

Identify problematic clients and trust your instincts.

Communicate effectively with clients and address their concerns promptly.

Respond professionally to negative reviews, providing your side of the story.

Set boundaries with clients and prioritize your own well-being.

Chapters

00:00 Introduction and Setting the Stage

00:30 Dealing with Negative Client Reviews

02:24 Identifying a Problematic Client

03:22 Client Complaints and Communication

04:22 Unusual Reaction to Lip Balm

05:19 Lack of Response and Vacation Time

06:14 Continued Issues with Client's Lips

07:41 Client Requests Product Information

08:08 Negative Google Review

09:08 Reading the Negative Review

11:08 Megan's Response to the Review

13:25 Handling Negative Reviews Professionally

16:46 The Importance of Responding to Reviews

19:05 Dealing with Difficult Clients

21:00 Setting Boundaries with Clients

22:24 The Right to Set Communication Hours

22:53 Conclusion and Call to Action

Summary

In this episode, Megan discusses the importance of assessing and reading new clients in the beauty industry. She emphasizes the need to set goals for each new client and to be aware of their appearance, body language, and verbal communication. Megan also highlights the importance of adapting your tone to match the client and setting boundaries and expectations. She shares tips for picking up on energy and intuition and dealing with difficult clients. Megan encourages listeners to be self-aware and observant, to listen and build rapport, and to remember that not all money is good money. She concludes with a call to action to share the episode and subscribe to the podcast.

Takeaways

Set goals for each new client and strive to build long-term relationships.

Assess clients through handshakes, appearance, verbal communication, and body language.

Adapt your tone to match the client and set boundaries and expectations.

Pay attention to energy and intuition when interacting with clients.

Be self-aware, observant, and confident in your interactions with clients.

Chapters

00:00 Introduction and Background

01:00 Setting Goals for New Clients

03:16 Assessing Clients through Handshakes

05:12 Assessing Clients through Appearance

07:05 Assessing Clients through Verbal Communication

08:25 Assessing Clients through Body Language

09:21 Adapting Your Tone to Match the Client

10:20 Setting Boundaries and Expectations

11:19 Picking Up on Energy and Intuition

12:45 Dealing with Difficult Clients

16:03 Being Self-Aware and Observant

17:59 Listening and Building Rapport

19:53 Not All Money is Good Money

20:21 Being Confident and Assertive

21:20 Conclusion and Call to Action

Summary

In this episode, Megan discusses the importance of managing conflict within a business, particularly for women who may be less comfortable with conflict. She shares a client's situation involving gossip and the need for clear boundaries. Megan emphasizes the need for strong verbiage, tone, and body language when addressing conflict. She encourages listeners to face conflict head-on and offers tips for preparation and practice. Megan also shares her own experiences with difficult clients and the importance of prioritizing the health and sustainability of one's business. The episode concludes with a reminder to share the episode and support each other in handling conflict.

Takeaways

Managing conflict is crucial for the health and sustainability of a business.

Clear boundaries and avoiding gossip are essential in maintaining professionalism.

Strong verbiage, tone, and body language are important when addressing conflict.

Facing conflict head-on and practicing conversations can help improve conflict resolution skills.

Losing problematic clients can be a relief and prioritizing one's mental well-being is crucial.

Chapters

00:00 Introduction: Managing Conflict in Business

01:24 Client Boundaries and Gossip

03:17 Preparing for the Conversation

04:43 Verbiage and Tone

06:37 Facing Conflict Head-On

09:23 Body Language and Breath Work

11:53 Balancing Internal State and Getting Your Points Across

14:12 Dealing with Strong Personalities

16:11 Handling Client Issues

20:27 Losing Problematic Clients

22:25 Taking Control and Tackling Conflict

23:22 Conclusion: Sharing and Growing

Summary

In this episode, Megan discusses the issue of misclassification in the beauty industry, particularly for those with a 1099 classification. She explains the difference between W-2 and 1099 employment classifications and highlights the common practice of misclassifying workers in the beauty industry. Megan emphasizes the importance of understanding employment law and the potential consequences of misclassification. She also addresses the exploitation and abuse of power by salon owners, who often enforce strict rules and non-compete agreements on contractors. Megan encourages individuals to know their rights and options, and to take control of their careers in the beauty industry.

Takeaways

Misclassification is a common problem in the beauty industry, particularly for those with a 1099 classification.

Understanding the difference between W-2 and 1099 employment classifications is crucial for beauty industry professionals.

Salon owners often exploit and abuse their power by enforcing strict rules and non-compete agreements on contractors.

It is important for individuals in the beauty industry to know their rights and options, and to take control of their careers.

Chapters

00:00 Introduction and Setting the Stage

00:30 Misclassification in the Beauty Industry

01:25 Employment Classification: W-2 vs. 1099

02:23 Commission-Based Employment

03:20 Understanding Booth Rental

04:18 Commission-Based Employment and Supplies

05:16 The Importance of Write-Offs

05:47 Tax Responsibility for Commission-Based Workers

06:14 Exploitation and Abuse of Power

07:09 Lack of Legal Authority over Contractors

08:06 Non-Compete Agreements

09:31 Legal Implications of Non-Compete Agreements

10:53 Salon Owners' Desire for Control

11:47 Understanding Your Options

13:12 Tax Withholding and Write-Offs

14:39 Illegal Business Practices

16:34 Taking Control of Your Career

17:02 Spreading Awareness in the Beauty Industry

17:58 Legal Requirements for Payment

18:26 Closing Remarks

The number one reason why half of all small businesses fail within the first 5 years? Financial mismanagement. In this episode, I'm giving you a step by step process to learn and understand both your business and personal finances. While this focuses on beauty business owners, anyone with a service based business will find value!

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

This year has been a doozy and it's really tanked the mindset of many. All you have to do is go on the internet and read comments under highly successful people's content. As business owners, our mindset is our greatest weapon and it needs to be continually sharpened. This episode is all about mindset hacks and tips to keep your mind working for you, instead of against you!

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

I've talked with many of you over the past few weeks and have found that this is a slow season in business. I'm going over everything I do anytime I experience a lag in business, a few tips to help pick up more business and a little prep for 2024! While this is primarily for my beauty industry girlies, most service based businesses will find value in this episode!

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

Ever wondered how to juggle motherhood, working AND a business? It's definitely possible! This week, I sat down with Cienna, a mom and business owner, for a very real look at raising kiddos while running a business. Time management, strategy and being intentional with your schedule while enjoying the ride are key!

If you're in a tough season, this one's for you. This entire year has been a wilderness season for me, I've learned a lot, but it hasn't been easy...not even a little bit. If things just aren't going right, haven't been going well and it seems like there's no light at the end of the tunnel, you might be in a wilderness season yourself. Send me a DM on IG @meganturleycoaching for specific prayer requests and suuport!

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Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

If I were to start another business, today, these are the exact steps I would use to get started! Breaking it down for you, simple and easy to execute, a great listen for anyone wondering just where to start in their entrepreneurial journey.

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Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

This week, my friend and client Jocelyn joins us to chat about the balance of working full time while also running a business. This is a great episode for anyone considering starting a side hustle to one day leave corporate!

One of the easiest ways to get ahead in business? Compromise your morals, ethics and belief systems. In the world of business, you'll see this often, unfortunately. On this week's episode, I'm diving into why many compromise, how difficult it is to come back from it and how a little part of you dies each time.

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

I’m getting extremely vulnerable this week and digging into the path I took to a successful business, what I should have done differently and how you can avoid taking the same path. I hope this inspires you to keep doing the things you love and not losing yourself in the process of building a business. 

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

Building a multiple six figure business doesn't just happen. It's not easy, but anyone can do it with the right process. I'm sharing everything I did to get my business to this point. I hope this inspires you to start a business or get help scaling your current business!

When starting a business, most new entrepreneurs think branding is just a logo and color scheme, when in reality, a brand encompasses all parts of your business. This can be the difference between a successful business and a struggling business! Veronika, brand expert and web designer, joins us to chat about creating a brand that actually sells. Make sure to use code MEGAN5 to save on any package with Veronika!

What were you doing at 17? Probably not creating a product and launching an ecommerce brand! Shirah, global CEO and co-founder of the brand NightCap joins us this week to talk all things business, creating and launching a product, scaling a global business and her Shark Tank experience. Make sure to shop NightCap at the link below!

I’ve noticed an alarming trend lately that’s been created by social media content and all it’s doing is hurting you as a business owner. This episode is gonna hurt a lot of you, but it needs to be said!

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Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

Is it you, are you the problem?? We’re deep diving into victim mentality and how it can destroy a business, dreams and ultimately your life. If you’re ready to take a hard, close look at yourself and the role you’re playing in the difficulties in your business, let’s go!

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

I’ve known since I was 15 I wasn’t meant to have a “normal” job but as I got older, it only became more and more apparent. I think so many underestimate just how difficult and time consuming it can be to create your own business, but I’ve lived it and I’m giving you my entire story, ups, downs, the really bad and the really good. Has it been easy? Absolutely not. Has it been worth it? I couldn’t live any other way!

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

There are a ton of priorities as a business owner and we have a lot on our plates at any given moment. But often, especially in newer business owners, I see this trend often and it’s only delaying your success, even making success very difficult to achieve. This is my #1 piece of advice for any business owner, but especially if you’re just starting out!

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

When you think of poker, you think of dudes smoking stogies and gambling right? Erin Lydon of Poker Power is on a mission to not only change that image, but to also show women how learning to play poker can enhance your risk assessment abilities, increase intelligent decision making, grow emotional intelligence, build discipline and negotiating skills. Risk is a major part of starting a business, but being totally risk averse won’t help you either! Tune in if you want to start a business, but all of the “what ifs” have kept you stagnant.

Do you own and run your own business but it’s not going so hot? Many businesses get to a point, often quickly, of struggling and not knowing the next move. These are my three biggest tips if you’re wondering why you even started a business in the first place. 

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

Know what’s super important in your business? Your voice and marketing! With the right words, sales get a lot easier. But how do you really connect with your audience enough to convert them into buyers? Emma Jane is a storytelling, marketing and copywriting expert that specializes in helping female business owners develop marketing that’s not only reflective of you and your business, but also brings in more sales!

Social media makes being a business owner look so damn glamorous and I’m tired of it LOL. Let’s have a chat about the real reality of being an entrepreneur and what’s required of you to truly create a different life for yourself. Think you can hang?

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Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

Does your business have the proper legal protection? Many small business owners, especially new owners, often forgo legal contracts to save money. Antonella from Colella Legal Studio shares the ins and outs of how you should be protecting your business through contracts and trademarking, regardless of industry.

Nicole started her business in the middle of the pandemic, leaving her cushy government job to pursue a different type of life. She had a ton of ups and downs, her business almost fell apart before it was even really a business, but she pushed through. If you're looking for tips and inspiration on how to start a business and leave the corporate life, this episode is for you!

After almost 8 years in corporate myself, creating my own business and listening to clients who desperately want to leave corporate but don’t know how, I’m giving you an exact strategy to use if you’re done with the BS of corporate. Everything I would have done differently, knowing what I know now and what I highly recommend you do to set yourself up for success!

Want to get a FREE business strategy call?

Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

After starting multiple businesses, seeing what really works and what doesn’t, I’m giving you the 3 biggest ways to build any type of business, regardless of industry! These are my own tried and true methods I’ve used and if you’re struggling to build your own biz, get consistent clients and steady income, you need this episode!

Want to get a FREE business strategy call? Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

This is a pretty deep episode for me ya’ll. I’m sharing my faith story this week, something I’ve never really spoken about before. I’m also taking a bit of a different direction with my business, after a few difficult months and trying to understand where I’m being guided. I hope this gives you some encouragement and guidance if you’re struggling with leaning into your faith and wondering how it can work with your business. 

Want to get a FREE business strategy call? Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

The last year has been super revealing in the beauty industry. After speaking with many of my long term clients and seeing an alarming trend coming out, we need to make a change. Estheticians, especially corrective facialists, we gotta have a heart to heart. 

Want to get a FREE business strategy call? Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

My angels!! This is episode I’ve been waiting and dreaming about dropping!! I have the BIGGEST, most amazing news and a seriously life and business changing new program dropping for women in the beauty industry. If you’ve been waiting, watching and listening, thinking about hiring a coach, knowing you need help, but still not taking action, THIS is the episode for you. LET’S GO BABIES!!

Want to get a FREE business strategy call? Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

Talking with so many women has shown me one major thing…many women want to start a business but they have no idea what they would do. I don’t ever want you to stay stuck in a job, office, career, etc. that’s sucking the life out of you, all because you aren’t sure how to get out. Discovering your passion filled purpose is the first step to getting out!

Want to get a FREE business strategy call? Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!

Manifestation is such a THING right now. Gurus, spiritual leaders, coaches, healers, influencers, they’re all hoping on the manifestation train. But what is it and HOW does manifesting actually work? On my own quest to clarify manifesting and gain a better understanding, I’m teaching you what I’ve found to work best and how Mel Robbins speaks on manifestation. 

Want to get a FREE business strategy call? Add an honest review of the show, what you think about the podcast and if it's helped you in any way. Screenshot your review and send it to megan@meganturleycoaching.com. Megan will reach out to schedule your free call!