Network Magazine Summer 2018 | Page 18

DOUBLE YOUR PT SALES Click HERE to listen to Sean share his valuable fitness business insights with The Fitness Industry Podcast, powered by Australian Fitness Network. Lead and empower a team that grows your business with you 5 Revenue: $25,000 - 50,000 per month. Challenge: Businesses stop growing when they reach the personal limitations of the leader’s ability to scale. You may be frustrated that you don’t have a team in place that you trust to solve problems and you have more to lose if things go wrong. You may think you just need more leads and people you can trust to continue growing the business. Goal: You want to consistently attract and keep top-paying clients who stay for years. You want to build a team that allows you the freedom to step out of day-to-day operations. And you want to take home a six-figure salary. 5 Success factors: Professional Development, Leadership & Team, Sales & Marketing, Operations, Finance, Strategic Planning. If you’ve reached this stage, you’re doing a lot of things right (even if it doesn’t always feel that way). You’re already hitting some great revenue goals with your business, and have grown your personal income. But you’re working too much in the business and your business still depends too much on you to run and hit targets each month. If you were to leave for a few weeks, growth would stop. And, as strange as it may seem, at this point you will find yourself in a position where you are the limiting factor in the continued growth of your company. You must now evolve into a leadership role and develop a team that is trained in all of the sales and operational functions of the business so that it continues to grow whether you’re present onsite or not. This involves things like: • Learning about what is required to move into a leadership role with your team and enrol everyone in ‘the mission.’ • Beginning to monitor key metrics in your business that you haven’t before, like what it costs to acquire a new client, how much a client is worth to the business over time, and your retention rates. • How to create an ongoing recruitment pipeline and hiring systems to ensure you never run out of team members to support your business growth. • How to create a winning culture of fun growth with your team. 18 | NETWORK SUMMER 2018 • Long-term strategic planning work for continued success of your business in the years ahead. When you progress through this stage, your business will be generating $25-50k+ per month in revenue, you’ll have a great team in place that allows you to get out of daily operations and work on growing the business full time, and you’ll be paying yourself a six-figure salary while having time for relationships and fun. For some, this involves launching a second location. For others, it’s about spending more time at home with a young family and children as part of a work-life balance. Whatever that means for you, the opportunity is yours for the taking. And celebrating the success you’ve achieved from all your hard work and efforts is awesome. Achieving your goals and ready for the next challenge 6 Revenue: $50,000 - 100,000+ per month. Challenge: You may lack clarity with your long-term personal vision and how it’s tied to business model, company mission, team alignment, and your timeframes for achievement. You may feel unfulfilled and have fallen out of love with your business. You may also feel overwhelmed if the business has become too complex. You are already successful, but you may feel it shouldn’t be this hard, take this much work, and feel this uncomfortable to grow yourself, your business, and your team to the next level. 6 Goal: You want to create an inspirational company mission that aligns with the fulfillment of your long-term personal vision. You’ll need to develop leaders who share responsibility in achieving the business mission. And you’ll want to increase business profitability while building personal wealth. things are what matter most in life (not the money). Business, like life, really is about the journey and not the destination. The keys to continued growth and success at this stage are to surround yourself with others who will inspire and challenge you to continue growing. And you need a new dream. We’re most alive when we’re growing, and a new dream allows us to grow and develop ourselves (and our entrepreneurial skills) in new and exciting directions. Where are you now? There you have it, an overview of the 6 stages of fitness business growth. Which of these stages are you currently in? And are you ready to commit to growing to the next stage and beyond? WANT TO GROW YOUR FITNESS BUSINESS, BUT UNSURE WHAT STEPS TO TAKE? Request a complimentary 30-minute fitness business coaching session with a NPE Success Coach. Overcome your biggest challenge by getting clarity and a path forward to achieve your goals. Click here to apply to speak with a coach. Success factors: Mastermind and Fun! If you’re currently in any of the preceding stages, you’re probably thinking, ‘Wow! Life must be totally awesome for the folks at Stage 6!’ That’s true. But everyone faces challenges when they’re growing in new areas – that’s what growth is all about! You learn to love the challenges and recognise that the simple Sean Greeley is the founder and CEO of NPE. A former pro athlete, fitness business owner, cancer survivor, competitor and leader, he has guided NPE to its position as a global leader in fitness business leadership, mentorship and coaching. Founded in 2006, NPE has worked with over 38,000 fitness professionals and business owners to grow their businesses. npefitness.com.au