Your dream of owning a boutique fitness studio is the fuel, but the engine that gets you to opening your doors is funding. Knowledge and tenacity are your accelerator.
Understand your money options with Alina Cooper, Director of Start Your Studio Profitably, and Coach Matt Hanton in Episode 682: How to Fund Your Studio Without Drowning in Debt.
- Go solo: bootstrap your business to maintain control and avoid bad debt
- Pursue tried & true: apply for an SBA (government-backed) loan as a solid source
- Nudge your network: enlist private investors to partner with you financially
- Appeal to the masses: try crowdfunding to supplement your own big investment
- Roll with the punches: expect the unexpected, delays and rejection along the way
The bottom line? If you’re not a numbers person, you really need to become one to run a thriving business. Start learning early in your journey with Episode 682.
Catch you there.
With grit and gratitude,
Lisé
LINKS:
https://www.instagram.com/studiogrowco
https://www.linkedin.com/company/studio-growco/
