Today, we’re covering a conversation rarely discussed: stepping away from a salon business that you’ve loved, nurtured and grown over many years.

To help us learn more on this intriguing topic, I’m joined by two hairstylists who know perfectly how this works – iconic hairdresser Tony Wood and rising star, Liam Fry. For any salon owners looking for an exit strategy to your salon business, then this episode is your essential listening guide. And if you’re a salon employee, then you’ll love learning on how one day you could find yourself next in line for the salon business you love being part of.

For the past 30 years, Tony Wood has helmed Tony Wood Hairdressing as its founder, director, and the name above the door. But in 2019 was the year he decided to step back from directorship duties. With the salon business going brilliantly, he knew his purpose had always been to do what’s best for the business and its team of astoundingly talented stylists. It just so happens that last year — three decades later — was the year he felt that the strongest course of action would be to hand control of the helm to his protégé, Liam Fry. The injection of youthful energy he’s brought to the salon has been revolutionary.

With Liam being in the hairdressing industry for just over 15 years, as a stylist, a manager, an educator, and all under the Tony Wood Hairdressing roof, he was the ideal candidate for Tony to handover the salon business to. And for Tony? Well, it’s time he steps out from behind the salon’s social media and establish his own ‘Wood Hair’ presence online. He’s looking forward to seeing how thing shape up.

Whether your planning an exit strategy or wondering when the time is right to step away from your salon business, Tony has this to say, “I’ve met business owners that shouldn’t be doing anymore, they should have got out 5 to 10 years ago”. Food for thought, so lets go to it!

 

A podcast produced by Hairy Media Productions.

 

Thanks for Listening

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Special thanks to Tony Wood and Liam Wood for joining me today.

Until next Monday, Peace, Love and Smiles all the way… Goodbye

 

Today’s Guest

Tony Wood (left)
For the past 30 years, Tony has helmed Tony Wood Hairdressing as its founder, director, and the name above the door. In 2019 he decided to step back from directorship duties. Staying ahead of the hairdressing industry curve — doubly so when he considers how he’s led the Tony Wood Hairdressing name to the world stage from what many would consider a relatively humble salon tucked away on the coastline of a city that seldom makes a blip on the international hairdressing radar.

 

Liam Fry (right)
Liam has been in the hairdressing industry for nearly just over 15 years now, as a stylist, a manager, an educator, and, as of 2019, salon owner of Tony Wood Hair. When Liam’s not on the salon floor, speaking on stages for Goldwell and Dyson, or educating with the likes of Lee Stafford Education and the Fellowship for British Hairdressing, his mind is on social media.

 

Show notes:

Here’s some of what we cover in today’s episode 5 min 22 sec

  • 00 min 31 sec.Show intro.
  • 06 min 22 sec: Tony’s big news.
  • 07 min 24 sec: Overview to the Tony Wood Hairdressing Salon business and space.
  • 11 min 36 sec: Background to Tony Wood and Liam Fry.
  • 13 min 30 sec: What Tony saw in Liam’s potential.
  • 15 min 28 sec: What appealed to Liam for going to work with Tony.
  • 17 min 04 sec: The new vision of the business.
  • 23 min 29 sec: Liam’s original take on the salon business and what he brought to it.
  • 25 min 24 sec: Getting the right team and keeping them.
  • 30 min 43 sec: Handing over the salon business.
  • 34 min 45 sec: Liam buying an existing business or open a brand new salon?
  • 36 min 25 sec: How the sale of the salon business to Liam will work.
  • 37 min 58 sec: How hard it is for Tony to handover his business.
  • 40 min 08 sec: Smooth salon business transition from Tony to Liam.
  • 40 min 02 sec: How things are different for Liam.
  • 46 min 58 sec: Direction for the salon business in 2020.
  • 50 min 33 sec: Tony going forward after the salon business.
  • 53 min 12 sec: Liam’s words on Tony’s success.
  • 55 min 21 sec: Top takeaway tips from Tony and Liam.
  • 57 min 25 sec: Find out more.
  • 58 min 59 sec: Business manager of the Year.
  • 01 hr 00 min 31 sec: Dom’s Last 5 Questions.
  • 01 hr 05 min 02 sec: Show outro.

Resources

tonywoodhair.co.uk

@TonyWoodHair

@LiamBradleyFry

Mark Ronson – Uptown Funk ft Bruno Mars

How To Cut It Community on Facebook

 

 

Competition – Wella Professionals Colour Conversation

For your chance to WIN 1 of 5 tickets to a Wella Professionals Colour Conversations event in either London, Manchester or Dublin follow these 2 simple steps below:

 

1: Share your favourite ‘How To Cut It’ podcast episode on your Instagram Story (not feed) ONLY.

2: To be eligible you must tag @howtocutit with the city hashtag of the Wella studio hosting one of the Colour Conversation events that you would like to attend i.e. #London #Manchester #Dublin. Failure to use hashtag your entry will not be valid.

All winners will be selected at random 5 days prior to the event.

Closing dates: London – 21/2/20, Manchester – 28/2/20, Dublin – 11/3/2020.

More event information click HERE.

Terms and Conditions:

  • No cash alternative.
  • The prize is not transferable.
  • The winner will be that of the Instagram account entering competition.
  • Travel arrangements and overnight accommodation are not included within the prize.

 

 

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