“If you can consistently enroll just two new members each month, you can add $50,000 a year in annual revenue by the end of the first year.”
Many studio owners feel like they’re working nonstop…yet their bank account doesn’t reflect the effort. In this episode of Well, Well, Well, Laura sits down with Julian Barnes, co-founder and CEO of the BFS Network, to decode the latest State of the Industry report—and what it really tells us about profitable, sustainable studios. Julian breaks down who’s actually represented in the data (spoiler: it’s overwhelmingly independently owned studios), why profitability is the metric that keeps your doors open, and how the percentage of studios hitting 20%+ margins has almost doubled since the last report.
They dig into the surprising correlation between having a dedicated manager and landing in the most profitable tier, the unsexy basics the best studios execute every single day, and Julian’s simple formula for adding $50K in annual revenue by focusing on just two to three net new members a month. You’ll also hear a candid conversation about why “community” alone can’t be your moat, how to stand out when three studios open on the same block, and what it really looks like to shift from passion project to business owner—without losing your heart for impact.
If you’ve ever thought, “I love what I do, but this has to make more money,” this is your playbook episode.
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