Misconstrued Beliefs: Your value in your business

In our very first episode tackling misconstrued beliefs, we spoke about how to reevaluate your business’s finances.  That included asking yourself the tough questions – ‘am I overpaying my staff? And can those expenses be renegotiated?’ When I gave the same advice to my colleagues, the response I got was universal and worrying: ‘My instructors, […]

March 30, 2020

READY AIM EMPIRE : Misconstrued Beliefs: Your value in your business

In our very first episode tackling misconstrued beliefs, we spoke about how to reevaluate your business’s finances. 

That included asking yourself the tough questions – ‘am I overpaying my staff? And can those expenses be renegotiated?’

When I gave the same advice to my colleagues, the response I got was universal and worrying:

‘My instructors, trainers, teachers, and expenses hold more value than I do to the studio and how I pay them and myself will reflect that.’

Y’all, once again, I totally get it.

In fact, when I first started expanding my team, I paid my staff an inflated salary.

I just wanted to be seen as a good boss.

Until the year-end rolled around and I was barely making money myself.

That’s when I realized one thing:

Your studio is your rodeo.

If you don’t value yourself financially, you sure ain’t valuing your business or your team.

Join me in today’s episode as I tackle this belief headfirst and share my 30/30/30 profit roll, how to value yourself in your business, and what ‘constantly being in hiring mode’ means!

In this episode you’ll learn:

  • The real reasons why you aren’t paying yourself
  • Whether or not you are paying your instructors an above-average rate
  • A breakdown of my 30/30/30 profit roll 
  • How to start evaluating your instructors based on the client experience 
  • Ways to renegotiate with open financials 
  • The misconstrued belief of your worth 

LINKS:

https://www.instagram.com/studiogrowco

With grit & gratitude,

Lisé

If you liked this episode...

then you'll love these too!
Rael Isacowitz and the Birth of BASI Pilates

Y’all, whenever I speak to other pilates instructors and trainers, I always ask them one question: ‘If you could go back and learn from any pilates training program, which one would it be?’ Nearly all of them choose BASI Pilates.  Rael Isacowitz, the founder of BASI Pilates, has had an incredible impact on the lives […]

COVID-19 9 Things We’ve Learned

When we first received a series of emails in January from our clients in Asia, they all started with ‘there’s this virus…’ Over the next few weeks, studios all across the world were contacting us about COVID-19. Now, at least 50% of our clients have shut down their studios and the other 50% are practicing […]

Dominique Lesperance and the Importance of Teacher Training

Y’all, I’m the biggest advocate for investing in a teacher training program. Making sure all your instructors have the same language and flow is more important than you think. Today’s guest, Dominique Lesperance (owner of Body in Motion Pilates), is the perfect example of a beautiful relationship that comes with having teacher training as a […]

Sunni Almond and Taking Pilates Online

I’m super excited to continue Pilates month with another crazy inspiring guest.  Trust me, y’all are gonna love this.  When then – studio owner Sunni Almond discovered classical pilates (through a class taught by Jay Grimes, no less!), she knew she had to learn everything about it.  However, traveling hundreds of miles to take more […]

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