Return to the Bootstrapping Mindset and Set Your Fitness Business Up for Future Success

This year has been one of the challenges for us all. Many studios couldn't keep up financially and have closed their doors forever. Expenses were too great and the reserves were too low for them to survive. Even those of us that have made it this far have to rethink our priorities. While bootstrapping is usually thought of as a new business' way of working, the concept of cutting our expenses to the minimum while focusing on profit may be the best way to run our businesses on an ongoing basis. In this session, we will explore the core elements of leaning up against your business and making sure that you have the cash flow available to handle whatever financial challenges lay ahead.

Key Takeaway:

• Why the bootstrapping mindset is not just for startups.
• Where to start when returning to the bootstrapping mindset.
• To rethink hiring, firing, furloughing, and the repositioning of employees.
• How to make bootstrapping the company culture.