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555: The Future of Fitness - Bryan O'Rourke on Emerging Markets, Key Economics and What's Next in Boutique Fitness

555: The Future of Fitness - Bryan O'Rourke on Emerging Markets, Key Economics and What's Next in Boutique Fitness

FromThe Business of Boutique Fitness


555: The Future of Fitness - Bryan O'Rourke on Emerging Markets, Key Economics and What's Next in Boutique Fitness

FromThe Business of Boutique Fitness

ratings:
Length:
48 minutes
Released:
Apr 6, 2023
Format:
Podcast episode

Description

Here’s what we’re talking about in this episode: - The guest, Brian O'Rourke, is the CEO of Vedere Ventures, president of the Fitness Industry Technology Council, and co-founder of Moon Mission Media. - Brian discusses how growing up in a military family taught him perseverance and adaptability and how hospitality has influenced his experience-driven fitness businesses. - The importance of understanding which numbers matter when it comes to running a business is emphasized, including operating margin, lifetime value of customers, and acquisition costs. - The challenges of reducing cost per acquisition in digital marketing are discussed, with Brian noting that not all attribution models from Meta or Google are reliable. - The fitness industry has been built on venture capital models, but the importance of building sustainable, profitable businesses is emphasized. - Knowing how to see is a guiding principle for Brian's investments, and he emphasizes the importance of understanding what numbers really matter when it comes to profitability and sustainability in a business. Links: https://www.bryankorourke.com/ https://www.vedereventures.com/ https://www.moonmissionmedia.com/ http://www.fittechcouncil.org/ https://studiogrow.co/ https://www.linkedin.com/company/studio-growco/  
Released:
Apr 6, 2023
Format:
Podcast episode

Titles in the series (100)

I’m Lise Kuecker, a long time Studio Owner turned founder here at Studio Grow. Just a few years ago, I was building my studios the hard way cause I didn’t have the team, the budget, or most importantly the time. If you speed up to today, I sold my wildly profitable studios in the mid-7 figures while serving my community in ways I could have only dreamed. Now, I work with thousands of boutique fitness studio owners in over 40 countries and am so blessed to share some of the best tested strategies for our industry every single week. I created this podcast so you’d always have clear, actionable processes, tried and tested Facebook advice and some good ole fashioned inspiration so that you can take simple actionable steps to grow your studio and turn it into a powerhouse empire, just like I did. If you’re a studio owner who's ready to impact your community and see major growth in the process, or you’re prepping to become one, then you are in the right place. So let’s kick this off, shall we?