Danielle Hayden and Studying your Numbers (Part 1) - Studio Grow

Danielle Hayden and Studying your Numbers (Part 1)

Now, I love hitting the account books at the end of the year, going through our numbers, collecting and analyzing data, and planning for the future.  But, I’ve also struggled with the accounting side of my business for years.  In fact, a running joke in my family is that if I was handling Studio Grow’s […]

April 14, 2021

READY AIM EMPIRE : Danielle Hayden and Studying your Numbers (Part 1)

Now, I love hitting the account books at the end of the year, going through our numbers, collecting and analyzing data, and planning for the future. 

But, I’ve also struggled with the accounting side of my business for years. 

In fact, a running joke in my family is that if I was handling Studio Grow’s accounting, we’d already be in jail. 

However, to many business owners, the fear of accounting goes way past a joke. 

In fact, accounting skills, and or the lack of them, is often a source of frustration and shame. 

Y’all, it absolutely shouldn’t be. 

As business owners, we all have our own zones of genius. Stick to what you’re great at and outsource the rest. 

One of the primary areas of your business to outsource apart from legal housekeeping, is accounting. 

There are SO many experts out there who are way better at this than you and I could ever be. Not only do they have a natural knack for numbers, but they’re also been through years of schooling for this very purpose. 

In today’s episode, I’m speaking to Danielle Hayden, one of the top accounting experts in the industry. 

Danielle has worked with dozens of studios in the past and through this two-part series, will be sharing her expertise on what you need to be studying in your account books, the benefits of outsourcing, the KPIs you should be looking out for, and MUCH more!

Danielle shares the answers to things that have mystified and frustrated many a studio owner. So make sure you’re taking notes!

In this episode, you will learn:

  • Why accounting and bookkeeping should be one of the very first things a business outsources
  • What are the most important Key Performance Indicators (KPIs) to consider for a business
  • Why I look at 13 months, instead of 12, for our yearly KPIs
  • How to be analyzing your numbers during the pandemic (and beyond)
  • The reasons that really knowing your numbers will make tough business decisions easier
  • The 30/30/30 model we use to split the revenue generated by our business and to evaluate profitability
  • Some tips and strategies for maximizing profitability with your studio’s retail

With grit and gratitude,

Lisé

LINKS:

https://www.kickstartaccountinginc.net/

https://www.instagram.com/kickstartaccounting/

https://www.instagram.com/daniellehayden__oh/

https://profitplannerbookkeeping.com/

https://www.instagram.com/studiogrowco

https://www.boutiquefitnesscoalition.com/

https://www.boutiquefitnesscoalition.com/press

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

If you liked this episode...

then you'll love these too!
Muneeza Ahmed and What You Need to Know About Viruses

Everywhere we look, there are articles upon articles on how to protect yourself against viruses.  Turmeric, hot water, green tea and a million other home remedies pop up on our screen and our Instagram feeds almost daily.  But, in moving directly to the cure, we often forget to ask ourselves the important question: How do […]

Muneeza Ahmed and the Power of Healing

When I used to work as an instructor, I met tons of people who walked into our studio for health reasons.  They met with doctors, physios, and physicians, and after it all, realized that healing through movement and diet is the best way forward.  And that’s why the combination of a studio with a healer […]

Danielle Hayden and Studying your Numbers (Part 2)

Let’s get real, accounting is the nightmare of many studio owners.  But, getting comfortable with hitting the account books and analyzing data is more important than ever in this post-pandemic world.  So, in an effort to help owners worldwide with their accounting woes, Danielle Hayden of Kickstart Accounting joined us last week to talk all […]

How Would I Start All Over Again? (Part 4)

Y’all, it’s been a long February.  But, with every passing week (and every relative of mine that’s gotten a shot), I get more and more cautiously optimistic about the state of the world around us.  And it’s the same for our businesses too.  While this is a tough time for everyone in boutique fitness, these […]

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