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, […]

May 22, 2022

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

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