Episode 232: Q1 Recap - What the Inner Circle & PITG Did in Q1

04/23/24 • 43 min

Female emPOWERED: Winning in Business & Life

Welcome back to another episode of the Female EmPOWERED podcast with host Christa Gurka. Today, we're diving into the inner workings of business metrics with our special guest, Lauren Amron, COO at Pilates in the Grove studio.

Join us as we unpack the highlights of Q1 and how we're keeping our business on the path to success.

In this episode, Christa and Lauren dissect how they review business metrics quarterly at Pilates In The Grove. They explore the key metrics driving their decisions, including revenue, net income, utilization rates, visits, and unique customers. Lauren offers her expertise in analyzing Q1 performance and demystifies the budget vs. actual spreadsheet, shedding light on the importance of understanding profit margins, location viability, and operational optimization.

Here's what we'll be discussing:

Revenue and Utilization Rates: Unpacking why these metrics are crucial for operational success.
Net Income vs. Revenue: Understanding profitability beyond the topline figure.
Financial Performance Analysis: Breaking down Q1 month by month and quarter by quarter.
Setting Annual Goals: How quarterly reviews inform long-term strategic planning.
Optimizing Studio Operations: Leveraging data to refine schedules and pricing.

Key takeaways from our conversation:

Start Simple: Begin tracking one metric like visits to gain insights into business performance.
Consistency is Key: Source data from the same place for accurate analysis over time.
Data-Driven Decision Making: Use metrics to objectively set goals and make informed business decisions.
Quarterly Reviews: The power of regular reviews in optimizing operations and driving profitability.

Ready to dive into your own quarterly review? Download our worksheet template from www.christagurka.com/quarterlyreview and get started.

For those looking to take their tracking and analysis to the next level, explore our coaching programs like the Inner Circle, offering customized scorecards and dedicated support.

Don't forget to subscribe, leave a review, and share with your fellow entrepreneurs. Together, let's empower each other to thrive in the fitness and wellness industry! If you're keen on being a guest on a future episode, reach out to us at [email protected].

Join us as we unpack the highlights of Q1 and how we're keeping our business on the path to success.

Here's what we'll be discussing:

Revenue and Utilization Rates: Unpacking why these metrics are crucial for operational success.
Net Income vs. Revenue: Understanding profitability beyond the topline figure.
Financial Performance Analysis: Breaking down Q1 month by month and quarter by quarter.
Setting Annual Goals: How quarterly reviews inform long-term strategic planning.
Optimizing Studio Operations: Leveraging data to refine schedules and pricing.

Key takeaways from our conversation:

Start Simple: Begin tracking one metric like visits to gain insights into business performance.
Consistency is Key: Source data from the same place for accurate analysis over time.
Data-Driven Decision Making: Use metrics to objectively set goals and make informed business decisions.
Quarterly Reviews: The power of regular reviews in optimizing operations and driving profitability.

Ready to dive into your own quarterly review? Download our worksheet template from www.christagurka.com/quarterlyreview and get started.

For those looking to take their tracking and analysis to the next level, explore our coaching programs like the Inner Circle, offering customized scorecards and dedicated support.

Previous Episode

Episode 231: How To Optimize Instagram For Your Brick and Mortar Business with 20 Degrees Media

Welcome back to another episode of the Female EmPOWERED podcast. I'm your host, Christa Gurka, and on today’s episode I’m joined by Mindy to discuss all things Instagram for your brick and mortar business.

Joining me is Mindy Lundy Kramer, the founder of 20 Degrees Media, a marketing agency focused on the outdoor wellness industry. In this episode Mindy shares her journey from photography to helping businesses improve their online presence and we dive into different considerations and strategies for optimizing your Instagram presence.

Some of the things we discussed include:

Marketing Strategies for Small Businesses: The challenges of running a business as a technician vs entrepreneur. Developing comprehensive marketing strategies using various tactics like websites, social media, email marketing and events.
Using Instagram for Local Businesses: How Instagram can be a powerful tool for small businesses to increase visibility, connect with customers, and create a stronger community through collaboration.
Instagram Strategies for Fitness Studios: Focus on showcasing instructors' personalities and teaching styles to attract the right clients. Use Instagram for awareness, trust-building and community over direct sales.
Analyzing Social Media Analytics: Understanding metrics like engagement, reach, likes and comments.
Creating Engaging Content: The importance of developing a consistent posting schedule and asking customers directly for content ideas.

About Mindy and 20 Degrees Marketing

Mindy worked for Vail Resorts for three years in the Marketing Research department before taking an internship with the Photography department. After she graduated from college in 2004 and fulfilled those internship hours at Vail Resorts, she became an independent photographer. For 14 years after that, she photographed 125+ weddings, 7+ sports companies, too many events to count, and commercial work. But then, she and her husband moved to California, really disrupting her referral based business.

You can find Mindy online at 20degreesmedia.com and on Instagram @20DegreesMedia.

Next Episode

Episode 233: What To Include On A Job Description For Your Boutique Wellness Business

Welcome back to another episode of the Female EmPOWERED podcast with your host, Christa Gurka. Today, we're diving deep into the art of crafting compelling job descriptions, especially tailored for boutique fitness studios facing hiring hurdles. Join us as we explore key insights from Pilates in the Grove, where the focus is on highlighting culture, growth opportunities, and desired traits over mundane responsibilities.

Here's a sneak peek into what we'll be uncovering:

Trait-Centric Descriptions: Shift the spotlight from duties to desirable traits like being a self-starter, problem-solver, and team player.
Growth Opportunities: Illuminate the path to impact, creativity, and professional development within the role.
Inviting Language: Infuse your job descriptions with warm, inviting language that mirrors your studio's values of innovation, teamwork, and support.
Linking Responsibilities to Behaviors: Establish crystal-clear expectations by tying job responsibilities to specific behaviors throughout the hiring journey.

Ready to revolutionize your hiring game? Dive into our exclusive hiring workshop at ChristaGurka.com/store to learn tools and strategies for recruitment success. And for the 90-day onboarding resources, check out the First 90 Days Mini-Training available at ChristaGurka.com/FitnessBusinessResources.

For those looking to take their tracking and analysis to the next level, explore our coaching programs like the Inner Circle, offering customized scorecards and dedicated support.
If you're interested in being a guest on a future episode, reach out to us at [email protected].
Thanks for tuning in, and until next time, keep empowering yourselves and others!