The
Podcast

Best of Ready.Aim.Empire: Your value in your business

Being a studio owner means asking yourself the tough questions – ‘am I overpaying my staff? And can those expenses be renegotiated?’

When I spoke my colleagues about this, 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.

Which is why I wanted to bring this episode back for a ‘Best Of’ run!

Join me in today’s throwback 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 

With grit and gratitude,

Lisé

LINKS:

https://www.instagram.com/studiogrowco

https://www.boutiquefitnesscoalition.com/

https://www.boutiquefitnesscoalition.com/press

https://www.facebook.com/groups/3312618912101211/

Recommended Episodes

  • How to leverage your automation software to build relationships with Peter Pastijn and Nathan Wisdom

    Y’all, studio owners are often super reluctant to embrace new technology.  I get it – the idea of adding another tool to your already overflowing plate can seem like a lot. Not to mention the fear that technology and automation will diminish the human element in your business.  But I wanna let you in on […]

    Listen Now

  • Surviving Strong: The building of my brand with Susan Holden

    There’s more to living than not dying.  That’s what Susan Holden told herself after being diagnosed with invasive cancer in 2004.  The cancer had spread, the prognosis wasn’t good, and overnight, Susan's life became an endless series of doctor’s appointments, chemotherapy and hospital visits, with just one key goal – to keep Susan from dying.  […]

    Listen Now

  • Your CEO Day Makeover

    Being a small business owner can be exhausting.  You have to show up every single day, juggle multiple roles, and put out a never-ending stream of fires – all while your to-do list turns into a bottomless pit of misery. And to top it all off, at the end of each quarter, you’re no closer […]

    Listen Now

  • Assessing the Quality of Your Customer Experience Through KPIs Featuring Coach Michelle

    What’s the #1 factor that sets you apart from your competition and helps you build something that’s 100% unique to your brand? Your Customer Experience. Y’all, customer experience isn’t simply about whether your members have a good time in the classroom. It’s about every single interaction a customer has with your studio – and it […]

    Listen Now