What KPI reports do I need to run to make good business decisions and how? What goals do I need to establish to break even? Be profitable? Benchmarks?
Compiling your financial numbers can be overwhelming and time consuming BUT they are so important when it comes to budgeting and making decisions from a financial place and not just an emotional one. KPI’s are vital when it comes to pricing your services to ensure that expenses are met (breakeven) and profitability is reached (goals). Setting daily, weekly, monthly, quarterly, annual goals can help take the overwhelmingness out and provide day-to-day checklists to move forward thus using data to embrace and transform and take out the fear.
As a fitness studio advisor and Certified Business Consultant, Stephanie partners with motivated fitness and wellness studio owners to formulate a customized plan focused on business process improvement, financial solutions, budgeting, training, and revenue growth. Having been a wealth management analyst (earning her CIMA from the Wharton School of Business) and franchise Barre studio owner for five years, Stephanie is uniquely positioned to create effective sales processes, assess value-based pricing based on your KPIs, assist with organizational structure, and get to the root of the issues—all based on authentic, relatable, and data-driven feedback. Stephanie is known for her southern wit and straightforward approach when it comes to working with her clients to create a win-win. She feels it's vital to have a clear understanding of the numbers to take the fear out of the process and ensure more focused decision making across the board as you move forward.