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The Guide to Success: Money, Meaning, and Mastery

blog business money success Jan 22, 2024

 

Introduction:

In the dynamic world of martial arts, the journey of a studio owner is unique and challenging. It’s not just about teaching martial arts; it’s about building a successful business and leading a fulfilling life. In this post, we’ll delve into three critical aspects that every martial arts studio owner should focus on: Money, Meaning, and Self-Mastery.

1. The Role of Money in Your Dojo’s Success

Money is often seen as a controversial topic, yet its significance cannot be understated. For a martial arts studio owner, financial stability is not just about personal gain. It enables you to provide a better life for your family, invest in your dojo, and contribute to your community.

But how do you attract financial success? The key lies in action. Money is drawn to those who are decisive and proactive. Indecision and procrastination, on the other hand, are major deterrents. Your choices today directly influence your financial health tomorrow....

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Unlocking Success: Building Your Martial Arts Business and your Team

advice blog business coaching Aug 02, 2023
 

Growing a successful martial arts business takes dedication, hard work, and a solid plan. If you're looking to take your business to the next level, having a business coach can make all the difference. In this blog post, we'll explore the invaluable insights and guidance a business coach can provide while also diving into the essential elements for success in the martial arts industry.

Building a Strong Foundation

To build a strong foundation for your martial arts business, you need to establish a clear vision and mission, a strong brand identity, and an effective business plan. Your business coach will be there to support and guide you through this crucial phase. Together, you'll create an inspiring vision that outlines your long-term goals and aspirations. Your mission will be concise and actionable, specifying how you'll achieve those goals. Your coach will help you craft a compelling brand identity that resonates with your target audience, ensuring your business stands out from...

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THE KEYS TO SUCCESS

blog business coaching Jun 21, 2022

In a survey done by Success magazine, Belief in self was the #1 factor attributed to the top athletes and earners in the world.

They all go through hard times. 🔥

Even the most successful people suffer through valleys and peaks of hardship and failure. 🤯

The mindset of belief that they can and WILL succeed allows them and will allow you to NOT be poor but to be a success!

Belief in self is critically important, but its important to note that it is the STARTING point to success.

The next step is to take action towards that belief.

Want an edge on taking that step?...

www.businesskombat.com

No matter where you are now, no matter how small of a step you take. You've gotta start.

"Success isn't a big step taken in the future, its a small step taken right now!" 🙏

I believe in you- ❤️

MAKE THIS A WEEK TO REMEMBER🔥🔥🔥 

 

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When you should (and should not) raise your rates

I’ve gotten this question so many times and it really makes my blood boil. Not so much at the question itself, but at the underlying psychology behind it.

And the question is: Should I raise my rates?

My answer: YES! Stop over thinking it. Stop it. Just raise your rates.

Here's why. You are worth more. In fact, 95% of you reading this right now are UNDERCHARGING!

The first digit in your monthly tuition price should be a 2. As in $200+ per month.

You owe NO ONE an explanation... (unless your plan is to raise current active paying member rates-which I'll discuss below)

As you already know, everything else in our world increases in price every year, heck, some things even increase every month. Yet, too many martial art school owners don't increase their rates.

Seriously, think about it, gas, milk, electricity, dry cleaning, beer, wine. water, airline prices, gymnastic lessons, health insurance, college tuition, gym memberships, rent, mortgage, payroll, internet, cell phones,...

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The 3 realities of being CEO

 

Last week in one of our coaching groups I came across a question from an owner about some push back that he was experiencing from his staff about some forward changes he wanted to implement in his business.

Far too many of us struggle with this same issue of trying to keep everyone on our team happy while we trying to keep our business successful, so I felt it was important to share this with all of you.

As the leader of your martial art business there are some hard realities you have to learn to accept.

Reality #1. You will NEVER please everyone. You make decisions for your business based on the best information that you have and that you feel are in the best interest of YOUR business. The most successful people in the world today were once though of as "crazy" and got resistance at every turn. (ELON, JEFF, STEVE, BILL,)...The difference is, they BELIEVED in what they were doing and they KNEW that their idea would be for the better in the long term.

Reality #2- Humans are creatures...

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5 Things you can do right now to improve your Business for 2022

 

Implement these 5 things into your business this week and watch how different your results can be.

Doing things differently is going to be one of the secrets to improving your results for this year. Try and make your business the  go-to weekly thing for your members. Read on for our “in use” best practices on scaling your business, so you can build a lasting brand. 

Have a PLAN for referrals!  

There are two things we know that studio owners crave: a dedicated network of students and pro shop merchandise sales. With our new student referral program feature, there’s now an opportunity for your existing students to refer their friends to your school. If you need more details on this reply back to this email and we will send it to you FREE.  Now, owners of any size school can take advantage of student referrals immediately. This will  increase your revenue improve your sales and expand your student retention.

Product Updates 

Got a pro...

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Your Business > Your Team?

business coaching success Nov 02, 2021
Every business aims to provide a service, to sell a product,or to deliver something meaningful to the industry but what many martial art school owners don’t realize is that success begins with empowering your people.
 
Even if right now It's only You. Or you plus 1.
 
Here are 5 TEAM BUILDING rules we learned from people who are way ahead of the game. They inspire us so we can continue to build and scale our studios and our teams in them:
 
1. Give them authority and a sense of responsibility. People want guidance, not rhetoric. They need to know what the plan of action is and how it will be implemented. They want to be given responsibility to help solve the problem and the authority to act on it.” ~Howard Schultz, Starbucks.
 
2. Make sure they understand your mission and believe it can be done. No company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve...
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READY- SET- PRINT

 

The power of print marketing may have diminished for your business over the years but it has not gone away!

You might not be printing business cards as much todays but there are still a few printed things that a membership based business needs to succeed.

Print marketing should still be an important part of your overall marketing plan. Especially when it comes to special coupons and GIVING BACK to the communities you serve.

Get more details in the vid. CLICK HERE 

Learn how to be the GO TO resource for schools, sport teams and churches in your area when you grab the complete course at: ATTRACTION SYSTEMS https://www.businesskombat.com/kombat-attraction-2

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The Most Reliable Way To Get New Members

 

 

Being OPEN......Now, this sounds like a no brainer.

But we have talked to so many martial arts business owners and asked them about their hours of operation and far too many just decide to go in “when they feel like it,” or maybe it's an hour before classes start.

There's a big problem with that.

There's no other professional business in the country that I can think of. That does that, except martial artists, this is something that needs to stop.

Here's a quick story about  a young martial arts school owner,

I owned my first martial art studio when I was 21. And I had two problems.

I was 21.

and

It was my first business.

And.

Because I was, young and (business) dumb, I would come in whenever I felt like. I would go out and party and have a great time on the weekends (and ok on the weekdays too). Did I mention that I was 21?…

But what I did know was that I wasn't being as successful as I thought I could be.

Fortunately for me, my dad, who's the founder...

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The Biggest Mistake business owners make- Mind Blowing!

 

When you see my videos you can watch them on YouTube, on Facebook, on Instagram, on Twitter, you might see them on Reels, Tik Tok, Snapchat or LinkedIn. The point is, you can see and consume our content almost anywhere. Your potential customers are no different than you, they have a preferred platform that they consume content on.

As a business owner of any kind, it is in your best interest to make sure that your customers can find you where they are, not where you want to be. And this is the flip that we continue to help business owners change their mindset on so that their business can continue to grow and prosper. And of course we want to do the same thing for you.

Its also very important to understand that, love it or hate it,  Social media is not going away anytime soon. You can romanticize about the past and be like, well, we used to do it this way. We used to do it that way. But eventually when you spend time dwelling on the past and how “it used to be”...

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