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1099s vs W-2 Employees – How to Set Up Your Business for PREDICTABLE and LEGAL Growth + Stability with Momentum Mastermind Member Tiffany Federico

Posted inBuild, Grow, Start

On today’s episode, I spoke with Momentum Mastermind Member Tiffany Federico, of Bright Eyes Beauty. Prior to the pandemic, Tiffany got pregnant, and found herself in need of hiring an employee to cover for her FAST.  She had no idea what she  was doing and ended up illegally misclassifying and over-paying her employee.

Now I’m not unrealistic – I know that it is COMMON in our industry to hire women as 1099 Independent Contractors – throw 50% commission at them and think you’re creating a win-win situation for both you, the team member and the business… and that is how A LOT of salon owners choose to build out their teams.

But OOF – did you know that 99.999999% of the time – the way the salon/contractor relationship is handled in our industry is 100% ILLEGAL and violates FEDERAL EMPLOYMENT LAWS – and just cause you don’t know the laws – doesn’t mean they don’t apply to you sis!🤭🚔👮‍♀️🔗☠️

Never fear – if you have found yourself in this 1099 pickle like Tiffany, she shares how she was able to transition her team members from 1099s to W-2 employees so that her business has PREDICTABLE and LEGAL growth + stability. 

If you’re considering building out a team, I’ve got ONE more free Introductory call happening TODAY at 11 am EDT/ 8 am PDT where  I’ll explain the details of the program and answer your questions to see if this program might be the right next step for you in creating a scalable business model.

REGISTER HERE FOR AN UPCOMING INTRODUCTORY CALL

(psst if you’re ready to apply for the Mastermind NOW – here’s how www.thelashpreneur.com/mastermindapplication)

Episode Highlights:

What a scalable business model looks like for Tiffany.

Why it’s important to learn from those who are on the same journey as you, or have been where you are now.

Why Tiffany believes this program is 100% worth it for any business owners who feel like they are working too much.