Podcast Episode 17: Must Have Metrics

If you’re wondering what a metric is, it’s just a number that you’re going to use to gauge the health of your business. For example, physicians use your vital signs (like heart rate and blood pressure) to get an overall idea of what your health looks like. You want that same thing to show you […]

May 21, 2022

READY AIM EMPIRE : Podcast Episode 17: Must Have Metrics

If you’re wondering what a metric is, it’s just a number that you’re going to use to gauge the health of your business.

For example, physicians use your vital signs (like heart rate and blood pressure) to get an overall idea of what your health looks like.

You want that same thing to show you the overall health of your business

I like to buy failing businesses. Why?

It’s an amazing return on investment IF the numbers have the potential to have an upside.

The only problem is that these businesses are priced all over the place and I’ve got to be able to look at these numbers and know where I can bring them.

I’ve also never lived near any of my businesses {unless you count this lovely one that’s headquartered straight from my kitchen table}. They were in completely different states even.

That meant my numbers were my only daily, weekly and monthly gauge for trends in my business.

Here are the 6 numbers that are truly most important to keep track of:

  • Gross Revenues
  • Net Revenues
  • Positive Increase in Bank Account
  • Number of Active Clients
  • Average Client Monthly Value
  • Attrition and Retention

I get into the nitty gritty of where you can find each of these numbers and how to read them to know if you’re in a good place.

Listen into Episode 017 and you’ll learn:

  • What exactly is a “metric”, and how it will show you how well your business is really doing
  • There are 6 most important metrics that I love to use in my own businesses
  • When and how often I look at my metrics and who am I sharing them with
  • What questions I ask myself once I have these numbers
  • Why do I prefer to buy a struggling business versus a successful one, and how do metrics help me see the opportunities available
  • What “average client monthly value” is and why is it the single most important metric I look at
  • Why attrition and retention matter so much in your business

Join my Ready Aim Empire tribe to find incredible insights from other entrepreneurs and share your own takeaways!

With grit & gratitude,

Lisé Kuecker

PS- Don’t forget to grab your Must Have Metrics free workbook here

If you liked this episode...

then you'll love these too!
Beth Potter and Growing a Team of Leaders

Most business owners know WHERE they want to go. They have all their goals outlined, have all of their quarterly plans laid out in detail, and break down their growth strategy year-by-year.  But, that isn’t enough to create and build a great business.  Y’all, leaders of great businesses don’t start with the ‘where’… … they […]

Peter Pastijn and the Ultimate Guide to Managing Your Teachers

Your trainers and teachers are the most crucial part of your studio.  And you need to do everything in your power to keep them happy while still making sure they stay aligned with your studio’s goals.  Easier said than done.  Which is why we’ve called in some expert help today! Regular Ready.Aim.Empire listeners will recognize […]

Jasmine Judson on Meditation and Healing Yourself

I want you to answer this question as honestly as possible:  When was the last time you allowed yourself to fully disconnect from your studio? If you have to go back a few months (or even years) to think of a response, we have a problem.  Being a studio owner is like running a marathon. […]

6 Ways to Grow Into Your Leadership with Michelle Tenuta

Leadership isn’t a trait everyone is born with.  But it can be learned. Leadership is like a muscle. The more you train it, the stronger it gets.  And that’s exactly what Studio Grow coach Michelle Tenuta is here to help you do today! Michelle is the owner of Rising Goddess Fitness and has been leading […]

Stay up to date!

Sign up here to get friendly reminders when new episodes are up.

Want to be interviewed on the pod? Head over here to tell us a bit more about yourself + what juicy lessons you have to share.

Hit enter to search or ESC to close