From $1M to $1B: John Paul DeJoria's Blueprint for Success 🚀#Billionaire #Entrepreneur

In this video, John Paul DeJoria shares how he transformed Paul Mitchell from a million-dollar company to a billion-dollar empire. As a billionaire entrepreneur, his insights are invaluable.

💡 John Paul explains that the key to their growth was reinvesting the money they earned. They focused on doing good things for hairstylists and started over 100 Paul Mitchell Schools to train new hairdressers to be successful.

📚 They also expanded into education, teaching not just how to use Paul Mitchell products but also the latest hairstyles, techniques, and business ideas. By staying involved and helping their customers become better hairdressers and business people, they significantly contributed to their growth.

🚀 John Paul highlights the importance of supporting customers and continually improving their skills and business acumen. This strategy helped Paul Mitchell grow tremendously, despite being the underdogs in the industry.

Source: 'How I Turned $300 Into $5.1 Billion' by Noah Kagan

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paul mitual are franchised cost to open school 1 million dollars cost of school 26k They constantly were pushing extra cirricular programs that cost hundreds of dollars and shame you if you dont do them wages Cosmetology Instructor $20 hour, Technical Support Supervisor $15 hour, no pay raises ever, teacher $18 hour, hair stylest $16 hour