Hardship is Real in the Boutique Fitness Industry as an Owner

Share on facebook
Share on twitter
Share on linkedin
Share on facebook
Share on twitter
Share on linkedin
Reading Time: < 1 minute

Evolution Power Yoga has been in business since 2001, and in the last nearly 20-year period since our opening, we’ve seen a number of huge challenges, including the aftermath of 9/11 and the 2008 financial disaster. 

I’ve learned a lot over these years, both personally and professionally. Twelve years ago when the global financial crisis hit full force, I was first amazed that everything seemed to be going well…and then surprised by a delayed reaction and revenue drop.  I ended up having to do a price drop that lasted two years until I rebuilt. I was not prepared with the experience I now have; I operated from fear and reactivity. In doing so, I did not communicate well when it mattered and with the right people. I felt like I was failing and was ashamed. I did not want to ask for help. 

 

SUBSCRIBE TO THE BFS WEEKLY NEWSLETTER

Join your Community of 10K Fitness Business Owners, learning and growing together. 
Tools, tips, and insight, straight to your inbox.  Weekly!

Further Reading

An Empowered 2021

An Empowered 2021

Reading Time: 2 minutes It’s safe to say that most of the world is hoping that 2021 will be an…
5 Tips for Successfully Adding a New Offering to Your Business Model

5 Tips for Successfully Adding a New Offering to Your Business Model

Reading Time: 4 minutes Building a business – or a new revenue stream within an existing business – can be…
5 Tips to Improve Studio Retention (Virtually or In Person)

5 Tips to Improve Studio Retention (Virtually or In Person)

Reading Time: 5 minutes When it comes to retaining clients for your business, it’s critical to consider the balance between…
Pricing Part I: One Way to Determine The Best Pricing For Your Virtual Offerings

Pricing Part I: One Way to Determine The Best Pricing For Your Virtual Offerings

Reading Time: 5 minutes What to charge for your goods and services is a very complicated topic: people get actual…
©Boutique Fitness Solutions 2020

Videos powered by 

Search Topics Here:

Want more in depth guidance from the best in the biz?

Become an INSIDER for classes, Q&As, and Quick Tips from Industry Leaders to help get your business back on track