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,
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!
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