The
Podcast

How to Work Smarter not Harder to Maximize Your Studio’s Profit

Hitting that 7-figure mark is like announcing your membership to the official ‘I’ve Made It’ club on a megaphone.

In this episode, I’m letting you in on a little secret.

The real magic’s in your profit margins.

And, that million dollar mark?

It’s a vanity metric.

As we go into this episode, here’s one thing I want you to think about,

How much money do you want to make? And, how hard do you want to work for it?

Think comfortable income, working just a few hours a week, and oodles of time to spend with your family.

This week, we’re getting up close and personal with studios that are banking serious profit without breaking their backs trying to close in on a million dollars, talking about the shifts and changes you can make to maximize your profit margins, and the biggest red flags that tell you that your business model needs a serious re-evaluation.

If you dream of hustling smart instead of hustling hard, this is the episode for you.

In this episode you’ll learn:

  • Why the million dollar mark may not be the best metric to celebrate

  • What studios with over 50% profit margin look like

  • How ancillary services can turn your studio into a profit goldmine

  • Why the number of clients shouldn’t be the main measure of success for your studio

  • The only thing clients care about (Hint: It’s not your lineage)

  • How to calculate the appropriate pay for your teachers, red flags to look for and a whole lot more!

With grit and gratitude,

Lisé

Recommended Episodes

  • The State of the Studio, Part 3

    If driving leads and building your team are among your top challenges, you’re in good company among studio owners.  So let’s tackle these pain points with practical solutions in my latest podcast, Episode 618, The State of the Studio, Part 3. Stop guessing and hoping and start taking advantage of our proven recos instead.  Plus,…

    Listen Now

  • The State of the Studio, Part 2

    More industry intel and insights coming your way! We’re back this week with my latest podcast, Episode 617, The State of the Studio, Part 2.  Get the skinny on kicking a 9% rolling 13-month retention rate to the curb, how to accommodate the Class Pass crowd and why you want people like my parents as…

    Listen Now

  • The State of the Studio, Part 1

    Y’all, opportunity is everywhere for boutique fitness studios. It’s such an exciting time! Let’s peek at the bigger picture to recognize what’s available, pursue areas of improvement and embrace what could be your best year yet.  In my latest podcast episode, The State of the Studio, Part 1, you’ll discover: Grab your headphones and listen…

    Listen Now

  • A Balancing Act with Coach Cat and Coach Peter

    Boundaries are back! We addressed the topic of boundaries recently on the podcast. Here we’re taking a deeper dive. Because boundaries are important, y’all.  Get into the weeds in my latest podcast episode, A Balancing Act with Coach Cat and Peter.  In Episode 615, Coach Cat and Coach Peter consider acknowledging and articulating your boundaries…

    Listen Now