You’ve heard the old saying, “We all have the same number of hours in the day,” before, and while that’s true, we all can’t use them in the same way.
Some of us have kids, some of us have appointments, some of us don’t have staff, and so on. Plus, what might take someone 15 minutes might take another person an hour. You get the idea.
But there’s also something that we, as fit biz owners, do that sabotages those hours we do have — we don’t learn how to manage our time properly.
Think about a time when you were awestruck at the number of things someone was able to get done in a day — whether that’s your mom, a friend, or a colleague. How do they do it? What’s their secret?
They control the time they have instead of letting it control them.
It’s easy to get off track when you’re trying to manage your time and get a solid grip on all of your responsibilities. But if you want to fix...
Have you ever wondered what helps women get to the top in their field — which, let’s be honest, is likely a field so dominated by men? We all know how much I love talking about business, and it’s always fascinated me how other women have become successful.
But to exist in the top 1% of female business owners is something extremely special! Why? Let’s talk stats first. In 1972, women-owned businesses only accounted for 4.5% of ALL businesses. Now, in 2022, 42% of all businesses are owned by women. This is a HUGE jump. So… what changed?
Here’s the thing: no one will believe in you the way you do. If you don’t bet on yourself… no one else will.
You’re always going to be the secret sauce in your business. Take Pilates for example. Plenty of other people and women could start businesses around it. But would their business be anything like mine?
No! Because they’re simply not me.
If you want to grow your business and truly step into a CEO role, you shouldn’t still be doing day-to-day tasks.
You know what I’m talking about: making sure the reformers are clean, checking the mail, and answering calls — essentially micromanaging your studio. But it’s not like that’s what you want to be doing. You know it’s time to grow your business, but you’re unsure how to give away some of the lower-level responsibilities to your team.
Here’s the thing — leaders have to step back so their team can step up. This allows you to focus on those high-level tasks that will move your business forward.
If you want to get off that hamster wheel and do something that will create real, lasting change in your business, you need to start thinking like a high achiever. So, let’s take a look at four things they do to keep their business not only moving along but on the upward path of growth.
As a fit biz owner, your business is your baby. So when someone asks you what your end goal is, it’s perfectly normal to side-eye and say, “Nothing. I’m going to be a business owner forever!”
And while that may be true, have you ever thought about retiring? Growing into a partnership? Acquiring new facilities and equipment? … Selling the business?
This is where an exit strategy comes into play. But before you run off, know it’s not as scary as it sounds. If I can wrap my head around it and get comfortable with creating my own, I know you can too!
Investopedia defines exit strategy as “a contingency plan executed by an investor, trader, venture capitalist, or business owner to liquidate a position in a financial asset or dispose of tangible business assets once predetermined criteria for either has been met or exceeded.”
I don’t know about you, but that doesn’t really...
The name of the game in business is to, well, make more money.
Sure, owning a fitness business can give you financial freedom, and flexibility, and satisfy a deeper longing to make an impact on the world around you. But if you don’t have money coming in, you don’t have a business, you have a hobby.
But surprisingly, too much money can be a bad thing, like Biggie Smalls once said. But that’s only if you don’t have the right foundation in place to sustain that growth.
At each new level of your business, there’s a new challenge to work through. And the further along you get, the bigger your team grows and the more you offer, the more important having a sound infrastructure becomes.
It’s kind of like living in an apartment.
You’re not going to be in a studio forever. You find a partner, and then get a dog, and eventually outgrow it. Then you move to a one or two-bedroom apartment, have a kid, and outgrow that. You want to...
If you are growing a boutique fitness or wellness business, you will inevitably reach a point where things are happening quickly. New clients are coming in, there’s a ton of classes or appointments scheduled each day, you’re managing new employees or contractors… or trying to do it all yourself.
Things are moving too quickly — and you’re reaching a point where you can’t do it all anymore. You have to have a “Come to Jesus” moment with yourself: Is this what you really want? Do you want to create a business that is bigger than you? OR is it time to cut back so you’re not burning out?
First thing you should know: this is not a bad place to be. Technically, it just means that you’ve grown as much as possible in the space provided, so something has to change. You, as a business owner, have a decision to make; you can either grow your business by going all in, or scale back, shut down, and call it quits.
Is “busy” different from “productive”? Short answer? Yes. And the difference between these two terms is not only important, but crucial to understand for the health of your business! Busy vs productive work could mean the difference between burnout and success. When you overwhelm yourself with tasks or try to do everything by yourself (because you might think only you can do it), you’re actually hurting yourself and what you are trying to build with your business.
The hard truth is that we all only have 24 hours in a day, and if you don’t learn how to manage those hours for success not only in your business life, but also in your personal life, you won’t be happy with the outcome. Luckily, I interviewed someone recently who I think you’ll be excited to learn from.
Genevieve Pepin is an accredited life coach, certified mindset specialist, productivity and leadership development coach, improv facilitator,...
Let’s be honest, hiring right now is hard. Every day the Great Resignation gets more real, and workers find better opportunities with more pay, and more flexibility! I know personally that it’s hit fitness, wellness, and hospitality especially hard. In 2022 alone Forbes reported that 1.7 million people quit their healthcare jobs. Those are scary numbers, but there may be a way to still find that perfect person for a higher role in your business — someone closer to home!
I want to show you what it’s like to hire from within, and what to be aware of if you’re trying to turn an employee into a manager.
Kelly Montgomery joined my business, Pilates in the Grove, in September of 2019. Kelly’s journey from physical therapist into the world of Pilates started with a Google search — and Pilates in the Grove was the first result (yay SEO!). She accepted a staff position and began teaching a training program in September, 2019.
After the pandemic started in 2020, most health and wellness businesses depending on a single revenue stream felt the effects big-time. While this was an unprecedented situation, it does show us something important: Putting all your eggs in one (income) basket just won’t ever help us feel secure.
No matter how incredible your services or products are, unexpected circumstances (hello COVID-19) can jeopardize your business’s ability to flourish.
To create a business that is sustainable for the long haul, you’ve got to have multiple streams of revenue coming in. Let’s walk through the importance of having more than one revenue source and four new ways you can diversify your business.
Many of us, myself included, go into business with one service in mind. Especially for brick and mortar businesses with a physical location, once we find a consistent and fruitful revenue stream doing what we love, we rely...
If you plan to grow your fitness or wellness business even a little, transitioning from the main service provider to the person leading your company and team is an essential move you’ve got to make.
As long-time Generals Electric CEO Jack Welch once said: “Before you become a leader, success is all about growing yourself. After you become a leader, success is about growing others.”
If you are looking to transition from a service provider into the leader you need to be to grow and scale your business, I am going to walk you through the 5 required skills you need to push past this threshold.
There is an entirely different skillset that’s required to manage and lead people, compared to the skills it takes to provide services to your customers. Many entrepreneurs, myself included, don’t naturally step into leadership because we are the founders of our companies and have a “hustle and...