Amidst an unstable, unpredictable economy, it’s critical that your studio has its books in order. Of course, proactive financial strategies are smart business practices in any economic season.
Fortify your financial backbone with budgets, expense cutting, retention boosting and scenario planning with Coach Matt Hanton and me in Episode 695: Your Economy-Proof Plan, Part 3.
- Befriend your budget: identify fixed and flexible expenses; know your numbers
- Cut the fluff: find and drop any expenses that don’t make—or save—money
- Optimize everything: tighten schedules and make your space work harder
- Keep them coming: dedicate money and time to nurturing and retaining members
- Map out contingencies: plan and prep for best, worst and realistic outcomes
Plus, maintain cash flow and cash reserves, invest wisely and protect your profits. Episode 695 helps you master and monitor your numbers to keep your studio stable and strong.
Catch you there.
With grit and gratitude,
Lisé
LINKS:
https://www.instagram.com/studiogrowco
https://www.linkedin.com/company/studio-growco/
