How Your Beauty Business Can Make Your Children Millionaires Artwork

Perfectly Profitable Stylist Podcast

Financial prowess is a basic skill needed to run a beauty business, but most beauty pros are navigating blindly. Running a successful beauty business requires a lot of moving pieces. Putting off the numbers can be easy when you have clients to serve, product to order, and social media posts to create. Understanding your beauty business numbers isn't a nice luxury. It's critical to growing your business and being able to pay yourself consistently. The Perfectly Profitable Stylist Podcast is for the beauty business owner ready to take control of their business and learn the financial side of business they didn't teach you in beauty school. Join host, Michelle Cook, a former beauty school grad turned licensed CPA who is ready to take you from beauty professional to beauty mogul with a profitable, scalable business.

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Perfectly Profitable Stylist Podcast

How Your Beauty Business Can Make Your Children Millionaires

March 15, 2023 • Michelle Cook, CPA • Season 1 • Episode 12

In this episode we cover:
-How to hire your child tax free in your beauty business
-How to use their paycheck to make your child a millionaire by retirement
-The common pitfalls parents make when hiring their children and how to avoid them

Here's the retirement calculator I used for the calculations I shared in this podcast episode.
https://www.calculator.net/retirement-calculator.html

For more tips to help your beauty business thrive financially, follow us @smallbusinesscpa. This is where we share daily tips on how to run a successful beauty business.