Today on the Boutique Chat Podcast Faith Parker, CEO of the Boho Bungalow, joins us for How to Achieve Freedom in Your Business.
Today Faith discusses the systems and processes she implemented in her 3 storefronts so can she can have the freedom to live in Costa Rica part-time. You’ll learn that not only are SOPs important, but also the culture you create in your team. Tune in to hear Faith explain how you can achieve more freedom in your business.
>> EPISODE 314 – LISTEN NOW ON iTunes <<
>> EPISODE 314 – LISTEN NOW ON Spotify <<
See the Full Boutique Chat Podcast Website here
Episode Rundown:
- 00:06:40 Buying for a Non-Apparel Boutique
- 00:09:10 Profit First
- 00:13:26 Opening Multiple Locations
- 00:16:56 Systems, Processes, & Team Culture
- 00:22:40 Employee Rewards & Pay
MAIN POINTS IN HOW TO ACHIEVE FREEDOM IN YOUR BUSINESS
- Customers vote for the inventory want with their dollars.
- The more you grow, the more hats you can take off.
- Building good team culture is everything! Your employees need to feel seen, heard, and understand how important they are.
FAVORITE QUOTES IN HOW TO ACHIEVE FREEDOM IN YOUR BUSINESS
“The more you grow, the more hats you can take off.” -Faith Parker
“I shine a light on them (employees) and they get to share. They feel supported and they feel a part of a community. I want them to do that for our customers, so I think it’s important I do that for them.” -Faith Parker
“Hire slow, fire fast. You know when it’s not a good fit. Don’t drag it on, pull that band-aid off and move on because there is someone out there that is going to be a better fit for that position.” -Faith Parker
Where to find & reach Faith:
Instagram: @bohobungalow
Website: https://www.thebohobungalow.com/
Today’s episode was brought to you by Management One. Learn how to make more money with your inventory, increase cash flow, and drive growth in your business. Follow this link to learn more: https://www.management-one.com/boutique-hub
Join the Hub for more training, information, and connections.
www.theboutiquehub.com/join
Use the hashtag #AskAshley on Instagram, or tag her at @ajalderson or @theboutiquehubto suggest topics for the podcast and let us know what you thought about this episode!
Do you love the Boutique Chat Podcast?! Subscribe to our podcast and after that, leave us a review on iTunes Apple Podcasts here!
Original Air Date: May 18th, 2021
Do you love the details of How to Achieve Freedom in Your Business? Let us know what you think about our show and help spread the word about the #BoutiqueChat Podcast.
- The Small Business Event Taking Over the Nation This Holiday Season: Pink Friday 2024As the holiday season begins, Pink Friday stole the spotlight, encouraging shoppers to “Think Big, Shop Small” by supporting local businesses the Friday before Thanksgiving. Small businesses across the country are transforming the retail landscape with special events, community gatherings, and exclusive deals. This year, thousands of small businesses participated!
- The Impact of Shopping Small FirstHave you been gearing up for Pink Friday? Or are you new to Pink Friday and want in on the fun? In this episode, I’ll be breaking down what Pink Friday is all about and giving you my best advice on how to get your business prepped for its best week all year.
- 5 Tips to Prepare Your Small Business for a Successful 2025The start of a new year is a chance to refresh, refocus, and set your business up for success. But instead of waiting until January to dive into your goals, the best strategy is to start preparing now. By taking action before the year ends, you’ll hit the ground running and gain a competitive edge as 2025 unfolds.