Tag: Business
Member Solutions
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April 4, 2017

Can You Continue to Fund Your Business Growth? A Look at Your Balance Sheet

Can your membership business continue to fund its growth? The balance sheet can answer this for you right away. By knowing how to read a balance sheet, you’ll also be able to have a relevant discussion about it – or a discussion about the balance sheet of a business you’re interested in acquiring. In addition, […]
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Member Solutions
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April 4, 2017

Profit & Loss Statements: What Every Business Owner Should Know

As an owner or manager of a business I’m sure you have heard of Profit and Loss (also known as P & L). But do you know what it is and understand its components? It”s important to understand in order for you to talk knowledgeably with your managers, bankers, tax advisors, and investors. In this […]
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Member Solutions
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April 4, 2017

Opening Another Business Location? Consider This First

Client Question: I’m thinking of opening another location. What are the most important considerations to keep in mind before taking this big step? Before taking this step, Martial Arts business owners must take a very serious look at their operations. They must ask themselves if the first location is built around them or if it’s […]
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Member Solutions
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April 4, 2017

Planning & Preparation Tips for Opening Another Business Location

Question: I”m thinking of opening another location. What are the most important considerations to keep in mind before taking this big step? In my previous post, I recommended taking a long hard look at your business ― well before taking the plunge to open a second business location. After your self-assessment, if you can honestly […]
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"Stop Bullying" written on chalkboard
Member Solutions
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April 3, 2017

10 Ways to Get Involved & Make a Difference During National Bullying Prevention Month

One in three students report being bullied each week in schools across America.* And those that are bullied can experience long-lasting, devasting effects including depression, anxiety, loss of interest in activities and other health issues.** Fortunately, bullying awareness, education, and prevention efforts are increasing. Communities are joining forces to put a stop to bullying. October […]
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Brainstorming Solid Business Plan
Member Solutions
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April 3, 2017

Developing a Solid Business Plan for Your Membership-Based Business

Developing a business plan is a great tool to help you effectively address any challenges that you’ll face. More importantly, a solid business plan will help you set and reach your business objectives. After all, if you don’t have goals to meet, how do you know what you are aiming to achieve? Here’s where to […]
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Member Solutions
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April 3, 2017

Doing the Math to Calculate Martial Arts Business Success

Why do some martial arts studios have 50 students while others have 500? Before delving into the multitude of factors contributing to business success or failure, understand first that it all comes down to two very simple metrics: Number of monthly enrollments and drop-out rate. As long as your number of enrollments is greater than […]
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Member Solutions
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April 3, 2017

Success in Your Business: Creating a Sense of Belonging & Purpose

I am a big advocate of encouraging others to get creative with their ideas. In fact, about a year ago, I opened Fitness Compound, which offers a variety of fitness classes, programs, and training options including Zumba, cardio, Pilates, spinning, baseball, climbing, and basketball. Since then, I’ve added Mixed Martial Arts for kids, Zumba Tone, […]
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Two boys practicing karate in front of a children's martial arts class
Member Solutions
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April 3, 2017

5 Errors to Avoid: Employee Discipline

Greater focus, improved self-control, and increased self-discipline are only a few of the lasting benefits that a practitioner or trainee realizes from their study of any martial art. As a business owner, your challenge is to translate the discipline you impart in your teaching to your employees to ensure the smooth operation of your business. […]
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Member Solutions
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April 3, 2017

8 Keys to Effective Business Partnerships

Partnering is a critical element of nearly all businesses. We partner with employees and investors, in addition to actual business partners or co-owners. Effective partnering is evident in any successful organization that requires multiple human beings to achieve its objectives. Teams of all types require a few elements of effective partnering to be successful. Marriage […]
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