The
Podcast

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

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