314 When Is the Right Time to Expand? Luke Reynolds on Vision, Risk, and Reward

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Grow My Salon Business Podcast

Antony Whitaker

315 episodes

2 days ago

I know that being in business isn’t always easy. Along with the many highs and ‘a ha’ moments it can sometimes be soul destroying, frustrating and a very lonely place to be. Being a business owner is one of life’s greatest educations and it gives you two clear choices, either you continually learn, adapt and grow, or you resist change, stagnate and perish. We live in ever changing and sometimes challenging times, so being informed and constantly inspired is more important than ever. Join Antony Whitaker talking to thought leaders on the business side of the hairdressing industry discussing insightful, provocative and inspiring ideas that matter. Get ready to learn, get ready to be challenged, get ready to be inspired and most importantly get ready to grow your salon business!

All content for Grow My Salon Business Podcast is the property of Antony Whitaker and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

314 When Is the Right Time to Expand? Luke Reynolds on Vision, Risk, and Reward

Grow My Salon Business Podcast

52 minutes

1 week ago

314 When Is the Right Time to Expand? Luke Reynolds on Vision, Risk, and Reward

In this episode, I’m joined once again by salon owner Luke Reynolds, who’s just taken a massive step that so many owners dream about, moving from a 50-square-metre boutique salon into a stunning, purpose-built space. Luke and I talk through the entire journey: the decision to expand, the design process, managing a ballooning budget, and the lessons learned along the way.

If you’ve ever wondered how you’ll know when it’s time to grow, or what it really takes to pull off a move like this, you’ll love Luke’s honest insights. From cash-flow pressures to a 75% revenue jump and a 600% growth in colour services, it’s a conversation packed with practical advice and inspiration for any salon owner with big ambitions.

IN THIS EPISODE:

[00:00] Welcome and episode intro

[01:01] Luke shares the dream of a bigger salon

[04:25] Knowing when it’s time to expand

[08:50] Planning, design, and the power of a great architect

[15:25] Budget surprises and cost-engineering tips

[21:58] An eight-week build—how the team pulled it off

[24:50] New space, new systems: what broke and how they fixed it

[31:24] Competing with the independent model through culture and pay

[41:46] Luke’s advice for owners considering expansion

[47:46] Growth results and lessons learned after one year

[50:16] Wrapping up and where to connect with Luke

Want MORE to help you GROW?

📚 Check out our Bestselling GROW Books https://growmysalonbusiness.com/books/

🆘 Management overwhelm!? Download our free checklist! This checklist will help you get clarity on where you're at https://growmysalonbusiness.com/management-checklist/

RATINGS + REVIEWS

🙏Thanks so much for joining me this week. If you enjoyed this episode, please leave a review. Ratings and reviews are extremely helpful and greatly appreciated!

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Until next time!
Antony

RESOURCES MENTIONED IN THIS EPISODE:

Check out the stunning transformation of Luke Reynolds Hairdressing over on our new blog!

Podcast Episode 301 - Why Salon Culture Starts with Personal Development with Luke Reynolds