Entrepreneur Tips

I ask this question a lot when I talk to our clients, and the answer varies quite a bit. One of the most common is, what’s a KPI? So let’s start there! KPI stands for Key Performance Indicator, and it just means some stat that tells you how your business is doing by looking at…

Integration, Challenges, Frequently Asked Questions, Common Problems, and More! Are you a successful studio, gym, or wellness business owner relying on MindBody to manage your clients, schedules, and sales? That’s fantastic! So are many of our clients!  If you know how to run your business but get a little (or a lot) lost when it…

I think as business owners we are generally optimistic people. We have high hopes that things will work out as we wish and that the results we get will justify the sacrifice and effort we put in. The problem with being optimistic is that sometimes you end up buying into wishful thinking because you’re optimistic…

I hear from clients all the time that they don’t have enough hours in the day to do everything their business requires. I know the feeling, as I have it too! I don’t think there is any business owner out there who ever consistently feels like they always have plenty of time to get it…

I got a newsletter today from a friend (Jay Carter) who runs a one man business for helping business owners prepare to sell their business. This transaction is often the single largest financial event for owners and what funds their retirement and pays them the biggest dividends for their years of hard work, stress, and…

One of the advantages franchise owners have is a built-in network of people in the exact same business they are in, who they can lean on for tips and suggestions. They can compare notes and results and learn from the collective wisdom. This is one of their most powerful advantages and one they should make…

I often find myself trying to explain “adding value” to business owners who are new to business and confused about how things work. I finally came up with what I call the margarita example as a way to illustrate the concept. In case you’re not aware, a margarita is a tasty tequila based cocktail typically…

Math wasn’t my favorite subject in school. I was OK through fifth grade, but then Algebra got tricky, and it was downhill from there. I was all honors in other subjects, but math just didn’t click in my brain. How did X and Y (letters by the way- not numbers!) describe lines, curves, upside-down curves,…

If you are in business, you must come up with prices for what you sell. It doesn’t matter if it’s a service, a product, or a hybrid of both; you have to decide how much it’s going to cost your customer to buy from you. Most business owners don’t give this a lot of thought,…