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:Â 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.
- Christmas in July: Creative Ways to Clear Inventory & Generate Summer Sales
Feeling that mid-summer sales slump? Christmas in July is your chance to shake things up, clear out old inventory, and have a little fun while doing it. In this blog, we’re sharing quick promo ideas, event tips, and marketing inspo to help you boost cash flow and make space for fall, all without the holiday chaos. - The Boutique Hub is Heading to the PGA Buying Summit!The Boutique Hub is heading to the PGA Buying Summit in Frisco, TX for the first time, tapping into the fast-growing golf apparel market projected to hit $13B by 2032. Golf fashion is evolving beyond the course, creating big opportunities for boutique retailers. The Hub team will be connecting with brands, discovering new trends, and offering live education and retail audits at the event on July 28th. Boutique owners interested in athleisure, activewear, or preppy styles should consider adding golf-inspired looks to their lineup. VIP perks available through The Hub’s exclusive registration link.
- Slow Sales? Ask These 5 Why’s Before You Panic
Is your cash flow feeling tight but you’re still not paying yourself? In this episode of Five Minute Friday, Sara breaks down one of the most common retail traps: tying up cash in things that don’t bring you a return. From unnecessary trips to market to unused apps, pretty packaging, and impulse inventory buys, these hidden money leaks could be holding your business (and paycheck!) back.
