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.
- How to Avoid the Retail Summer Slump
For boutique retailers, the Summer season can lead to a noticeable dip in customer foot traffic and sales. However, rather than resigning to this summer slowdown, savvy retailers can use this season strategically to boost both immediate sales and long-term customer loyalty. Here are proven strategies to help your boutique avoid the retail summer slump in 2025: - More Profit, Less Work: AOV Strategies That Work
In this Five Minute Friday episode, Ashley shares powerful and practical tips to increase your Average Order Value (AOV) — without relying on more traffic or more hours. If you’re focused on growing sales, AOV is one of the most effective metrics to improve. Ashley breaks down the difference between lagging vs. leading indicators and how small shifts in your merchandising, marketing, and customer experience can lead to major gains. - The Boutique Hub at the June Dallas MarketThe time has come for the June 2025 Dallas Market and the Hub team couldn’t be more excited! We know how busy market days can be so we wanted to make sure you guys are filled in on our schedule so you can come and stop by!
