31 min listen
295: What does a 7 Figure Studio Look Like (Part Deux)? Meet 4 Studios With Profit Margins from 47% to 70% Who Never Need To Hit 7 Figures
295: What does a 7 Figure Studio Look Like (Part Deux)? Meet 4 Studios With Profit Margins from 47% to 70% Who Never Need To Hit 7 Figures
ratings:
Length:
34 minutes
Released:
Feb 12, 2019
Format:
Podcast episode
Description
In this episode you’ll learn: • Why the million dollar mark may not be the best metric to celebrate • What studios with over 50% profit margin look like • What are ancillary services and a powerful example of what we did for the studio owners we work with • Why the number of clients shouldn’t be the main measure of success for your studio • What clients really want… • How to calculate the appropriate pay for your teachers, red flags to look for and a whole lot more!
Released:
Feb 12, 2019
Format:
Podcast episode
Titles in the series (100)
013: How do I pay my team {so I can actually make a profit}?: In this episode, you’ll learn: How my first hire was a gamble, but necessary for the overall growth of the company There are 7 major types of compensation plans you can use for your employees, and they all have their pros and cons A Schedule... by The Business of Boutique Fitness