Turning your vision into a reality can be intimidating without some know-how about the process. After securing funding, learn how to hire and work with a contractor in part 2 of this series.
In Episode 653: From Planning to Build-out: Financing Your Studio the Right Way, join Coach Caroline Plambeck and Coach Alex Lavelle for smart suggestions on this next step.
Tap your resources: seek referrals or visit Home Depot or Lowes to find contractors
Vet thoughtfully: check out scope of work, confirm license, request wholesale pricing
Persevere: keep interviewing contractors to find the best fit; don’t settle
Shop around: get several quotes and ask preferred contractor to match lowest cost
Set expectations: arrange meetings, timelines and payment schedules with contractor
You can save thousands of dollars (and headaches!) by choosing the right contractor. Create a systemized approach based on in-the-trenches advice in Episode 653.
Catch you there,
Lise
PS: Join 2,000+ studio owners who’ve decided to take control of their studio business and build their freedom empire. Subscribe HERE and join the party!
www.linkedin.com/company/studio-growco/
I get it – funding and financing can be daunting when starting or expanding your studio. In this 3-part podcast series, we’ll uncover some of the mystery to boost your comfort level.
Coach Caroline Plambeck and Coach Alex Lavelle start with the foundation in Episode 652: The Mindset of Financing: How to Fund Your Studio's Growth.
Check your wallet: your personal finances impact your ability to get funding
Do your homework: lenders require a business plan and pro forma
Speed date (sort of!): expect to interview several lenders to find the right one
Embrace options: think SBA, conventional, non-conventional, credit stacking
Strap in: financing is a process and can take longer than you think
Funding doesn’t have to be as intimidating as it seems. Armed with knowledge and good coaching, you may be surprised by what’s possible. Begin with Episode 652.
Catch you there,
Lise
PS: Join 2,000+ studio owners who’ve decided to take control of their studio business and build their freedom empire. Subscribe HERE and join the party!
www.linkedin.com/company/studio-growco/
A smarter approach than avoiding conversations that feel uncomfortable is confronting them thoughtfully. So stop dodging and start diving in.
But first, have a process in place. Coach Matt Hanton and Coach Rachel Prairie offer tested recos in Episode 651: Difficult Dialogues in Boutique Fitness, Part 2.
Anchor your angle: base discussions on your policies, mission, vision and values
Seek solutions: focus on information-finding and collaboration to fix problems
Document discussions: keep a written record and ensure understanding
Stay timely: don’t delay or turn a blind eye, which implies validation
Commit to consistency: treat everyone the same in addressing issues
Ultimately, strive for productive conversations that strengthen your team and your business. Reframe your thinking and establish a procedure with Episode 651.
Catch you there,
Lise
PS: Join 2,000+ studio owners who’ve decided to take control of their studio business and build their freedom empire. Subscribe HERE and join the party!
www.linkedin.com/company/studio-growco/
Y’all, I know that scaling your business seems kinda like a pipedream when you’re eyeballs-deep in teaching classes, whipping up marketing, running payroll and washing towels.
But pause for just a moment to learn how to lay the groundwork with Coach Caroline Plambeck and guest Vince Gabriele, a gym owner, author and business coach, in Episode 650: Building a Strong Foundation: Key Strategies for Studio Success.
Know your goals: determine how you want your business to fit into your life
Master marketing: be laser-focused on what your avatar cares about
Delegate discriminately: don’t dump on your team if they don’t have capacity
Launch thoughtfully: onboard clients intentionally with a high-touch process
Prioritize profitability: pay yourself, minimize attrition and maintain cash on hand
Episode 650 is loaded with practical suggestions and personal anecdotes from the trenches. For more from Vince Gabriele, check out www.vincegabriele.com.
Catch you there,
Lise
PS: Join 2,000+ studio owners who’ve decided to take control of their studio business and build their freedom empire. Subscribe HERE and join the party!
www.linkedin.com/company/studio-growco/