Rewiring Beliefs About Money To Thrive in the Hair Industry

Say hi to Maddi on Instagram  🌸Say hi to Jodie on Instagram 🌸 In this episode, we're diving into money beliefs and how they can affect your success as a hairstylist. Joining us today is our guest, Maddie Cook, who will share her insights and expertise on this topic. Maddie Cook's Journey: Maddie started her self-employed journey in 2010 and went on to establish her coaching company, Boss Your Salon, in 2018. She transitioned away from working behind the chair to focus on helping hairstylists and other self-employed professionals with pricing, strategy, money mindset, sales, marketing, and more. Universal Money Issues: Maddie discusses how the issue of money and pricing is universal in the beauty industry. Many self-employed professionals, regardless of their specific field, face similar questions and concerns about how to set prices for their services. Shifting Money Mindset: Maddie talks about the pivotal moment when she recognized a need for change in the industry. She observed a common pattern of undercharging and misperceptions about pricing. This led her to take action and offer a pricing webinar to address these issues, which attracted thousands of participants. The Foundation of Success: Maddie emphasizes the importance of getting the financial aspects of your business right. Without a solid understanding of your numbers and a healthy money mindset, it's challenging to build a thriving business. Recognizing Pricing Indicators: Maddie points out key indicators that signal a need to reevaluate your pricing strategy. One crucial indicator is when your bank balance doesn't reflect the effort you're putting into your work. When you find yourself working tirelessly but not seeing the financial results you desire, it's a clear sign that something needs to change. Shifting Limiting Beliefs: Many hairstylists and self-employed professionals hold limiting beliefs about pricing and money. Maddie emphasizes the need to challenge these beliefs and explore alternative perspectives. She also encourages looking for evidence that contradicts these limiting beliefs. Embracing the Capacity for Good: Maddie discusses the prevalent focus on the capacity to endure hardships and overcome challenges in the industry. She believes that it's equally important to expand one's capacity for peace, rest, and wealth. By shifting the focus to what is possible and positive, you can achieve greater success. Letting Go of Emotional Discounting: Maddie addresses the notion that keeping prices low is often associated with good customer service in the industry. She challenges this belief and explains that pricing should be sustainable for your business without compromising your well-being. Making Money without Guilt: Maddie and the host discuss the stigma surrounding making money in the beauty industry. They stress that it's entirely acceptable to want to make a substantial income from your business and that there should be no shame in expressing that desire. In this insightful episode, Maddie Cook shared her journey in the beauty industry and how she discovered the need to address pricing and money mindset issues. She