The
Podcast

The Three Financial Reports That Built My 30+% Profit Margins

The Business of Boutique Fitness

311: The Three Financial Reports That Built My 30+% Profit Margins

The Business of Boutique Fitness         The Business of Boutique Fitness        
311: The Three Financial Reports That Built My 30+% Profit Margins           311: The Three Financial Reports That Built My 30+% Profit Margins          
More
Speed: 50% Speed: 75% Speed: Normal Speed: 125% Speed: 150% Speed: 175% Speed: Double Speed: Triple
Back 15 seconds
Forward 60 seconds
More
more
    Speed: 50% Speed: 75% Speed: Normal Speed: 125% Speed: 150% Speed: 175% Speed: Double Speed: Triple
    Back 15 seconds
    Forward 60 seconds
    Currently Playing

    Numbers don’t lie, y’all.

    That’s what I love about ‘em, and that’s also what makes me nervous before I take a peek at them.

    There’s no fluff, you can’t wrap them up in pretty, soft words to soften the blow.

    It’s a cold, hard truth.

    At least it was, until I learned how to read what the numbers were telling me.

    Your numbers tell a story of how well your business is really doing.

    What’s working, and what isn’t.

    And once you learn to decipher that message, you can work on fine-tuning it till your business mints profits like a well-oiled machine.

    If looking at your numbers scares you (or if you just avoid looking at them altogether), this is the episode for you.

    We’re going to deep dive into the three reports you should be monitoring, and how to use that information to get profit numbers you’ll look forward to seeing every month.

    In this episode you’ll learn:

    • Why in the past I’ve felt like financials have been my “nemesis”

    • The single most important report to have and what I’m looking for on it

    • The Pro Forma and what this report allows us to see and do

    • How regularly reviewing your payroll will benefit your business

    • A monthly practice we do that will save you tons of time and headaches come tax time

    LINKS:

    http://www.theclientcure.net

    http://studiogrow.co/ads2019

    https://quickbooks.intuit.com/

    https://www.sage.com/en-us/products/peachtree/

    https://gusto.com/

    With grit & gratitude,

    Lisé

    Recommended Episodes

    • The Big Picture with Lise Kuecker and Chris Farnsworth of LiveMetta

      One brand I’m so excited to watch is LiveMetta – currently 11 yoga and Pilates studios (along with one spa) in Southern California. They’re truly bringing something different to our space!  Tune in to our new series of conversations with amazing industry leaders: Episode 662: The Big Picture with Lise Kuecker and Chris Farnsworth of…

      Listen Now

    • The Big Picture with Lise Kuecker and Rob Beale of Third Space

      Y’all, I gotta say I’m so excited to be back on the mic! For the next 6 episodes, I’m chatting with fabulous industry experts about insights, trends and the bigger fitness and wellness picture.   Kicking off the series is Episode 661: The Big Picture with Lise Kuecker and Rob Beale of Third Space. He’s the…

      Listen Now

    • Attracting & Retaining Female Clients in Your Studio 

      Y’all may assume that because 77% of boutique fitness studio members are women, marketing to females is a no-brainer. They’re showing up anyway, right?  Wrong. To grow, you must keep tweaking your outreach to this demographic. Learn how with Coach Rachel Prairie in Episode 660: Attracting & Retaining Female Clients in Your Studio.  Win women…

      Listen Now

    • Partnering with Local Businesses

      Want a relatively easy win-win for your studio? Consider partnering with another local business to drive traffic and boost sales in both places.  This goes beyond sharing a flyer or offering a discount. Coaches Rachel Prairie and Sep Uyttendaele lay out the possibilities in Episode 659: Partnering with Local Businesses.  Linking to the right business…

      Listen Now