Do you crave more freedom, financial security, and a community in your business? Join us as salon owner Nick Mirabella, shares his journey and bold move – transitioning to a private membership model. In this episode, you'll discover: The why behind Nick's decision, the how of the PMA approach, and the benefits of going private.

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Key Takaways:

1. Private memberships allow you to practice your business under a private domain through a membership program.

2. Statutory compliant means you’re complaint to what the state & government tells you to what you can do vs non-statutory which is complaint to your private association.

3. Changing the structure of your business to private offers an opportunity to rethink how you can marginalize profits.

4. ESOP program, employee stock options as a percentage to pool from different forms of income of the business to employees with vested interest.

5. Having a private business face a few challenges such as State Board & distributors due to the license.

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Follow Nick on his journey here