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How 2 Women Sold their Lashbiz for 7-figures

Posted inBuild, Grow, Start

So here’s a little fact you may not know – during the 4.5 months I took off from The Lashpreneur – I was in talks with a company to sell The Lashpreneur to them. 

Honestly – that was my hope when I decided to step away from The Lashpreneur as I just wasn’t sure I was ever going to come back to the business. 

The process of evaluating the business and combing thru what the value is from an investor’s viewpoint was UNBELIEVABLY eye opening – and to be transparent with you – I can’t say that I would have ever returned as the Lashpreneur had I not gone through the discovery phase with another company in looking at what The Lashpreneur was and it’s potential thru the eyes of a third party. 

It was through this month long journey of talking with Erin and Anjali of Lash Bee Pro about acquiring the Lashpreneur – that I really started to see both the potential and impact The Lashpreneur had made – as well as where some of the significant flaws were that caused me to walk away from it at the point in time. 

If you’re reading this right now – you owe Erin and Anjali a big thank you because they saw that potential and impact at a time when I couldn’t and our talks helped me to see so much of what you all have experienced.

So now – you get the benefit of hearing me interview these two incredible women who founded Lash Bee Pro and how they were even in a position to be able to finance acquiring The Lashpreneur… and who I also credit for being the one’s who breathed life back into the Lashpreneur and me! 

Erin Soletski and Anjali Bhatia are the Co founders of Lash Bee Pro – whose mission is to empower lash artists to succeed both as artists and as professionals through superior products, comprehensive education, and community support as part of the LashBeePro family.

On today’s episode, Erin and Anjali are sharing their journey to selling their brick and mortar business for a hefty price AND they’re also giving YOU some incredibly valuable tips on what you can start to do to get the foundations of your business ready to grow OR sell if that’s something you’re hoping to do some day and the incredible importance of clean financials and documenting processes to be able to create a Money Making Machine as a business

They’ve also been very generous to our Lessons of a Lashpreneur show by offering 20% off your first purchase of any of their LashBeePro Products! Just use code “Lashpreneur20” at checkout to receive 20% off your first order at www.lashbeepro.com. 

Anjali and Erin recommend trying out their Honey-Do Lash Shampoo and their Retention Queen Super Bonder (link to https://lashbeepro.com/collections/bestsellers )  for anyone looking to try out some of their Bestsellers.

Episode Highlights:

  • Understanding the business before diving into the lash industry is key
  • The good and the bad of getting a business ready to sell
  • Why processes are crucial in a business
  • Having a standard lash service process will help build your business foundation
  • Bad reviews are a reflection of your processes
  • The sale process Anjali and Erin followed in selling their business
  • Having clean financials is crucial

Happy business building!

Have a good one!