16 November 2009

the 90 day business challenge

In an industry that is dominated by '9 week weight loss challenges', '6 week bootcamps' and slim-down this and get big that, I thought it fair that you all get a bit of what you have been dishing out! Here is a 90 day business challenge.

Why a 90 day challenge?

1. It will set you up for a huge 2010
2. The work you do this month will determine your bank balance in January 2010
3. By allowing 90 days for your return on investment you are setting a great expectation towards your business plans and goals for 2010.

"The best way to predict the future is to create it" - Peter F. Drucker

If we go back and review these health challenge programs, they all have similar measures. Details like:
1. Recording what you eat
2. Train 3 times per week
3. Drink lots of water
4. Use a trainer
and as part of the challenge you get a free shirt, water bottle and backpack!

As health professionals, some of the things that we preach to our clients for these health challenges; transfer to our businesses. So in developing 90 day business challenges, like all the good health challenges mentioned earlier, you need measurable outcomes. So here they are:

1. 90 day timeframe - to get a results in business you need to start marketing. It needs to be as consistent as training 3 times per week for 9 weeks of fitness. Just like a great training plan it needs to be targeted, specific and relevant to your outcomes

2. Record your daily actions and direct them at a business strategy - so many people get caught up in the daily 'do-ing' and 'busy-ness', that they just do, do and do. It serves as the lifeline towards you and your goal.

3. Put in lots of good stuff - listening, reading and developing your self on a daily basis is the equivalent to drinking water. It serves as the lifeline towards you and your goals.

4. Use a coach - sometimes I have had the best 'this is it' intentions, only to be pulled away by other things. Checking in with someone regularly indicates commitment, positively reinforces your dedication to a goal and a good catch will provide support and guidance during the inevitable tough parts of the journey.

The great thing about a 90 day challenge is that it will set you up for a great start to 2010. While most people are putting things off to the New Year, you can start the year in your best form and conditioned, for whatever it is you want from 2010.

03 November 2009

make hay while the sun shines

While our Northern hemisphere subscribers bunker down for the snow and cold, our Southern hemisphere-ians are enjoying the benefits of the extra sun. There is something about this time of year that has many of our Health and Wellness business leaders reporting record increases in people signing up and getting fit. The most recent Sensis report highlights that on average consumers are spending $637.00 per person this Christmas with the average person buying for 12 people or spending $53.00 per person. For families this may be up to 2-3 times more, with higher income earning families contributing a greater amount than the average.

Either way, north or south, health or wellness the benefits for business owners can be as rewarding as you want them to be, as the sun (or snow) combined with the ‘end of the world’ mentality associated with the 8 weeks to Christmas, increases in consumer spending and opportunities to make a positive difference to the health of the market.

However a lack of strategy, focus and awareness around the next 3 months could have you eating spaghetti out of a tin in January, while your mates enjoy tinned beverages on a foreign beach. So here are some tips to help you make hay while the sun shines so that you not only enjoy the moment, but the benefits of reaping the rewards of some of these seeds, with a 'considered strategy'.

- Have set availability
‘Chunk’ blocks of time so that you are either ON or OFF. This will make you more efficient and effective in the delivery of each session.
- Clients plans for Christmas
Check in with your members and clients and get an understanding of when and if they are away over Christmas. Next confirm a January 2010 appointment with clients during December. This will allow you to project your January revenue and avoid clients dropping off on a summer crusade drinking from tins with your mates. The objective is to come back to a full diary following a well-earned break.
- Simplify your life
Create a set of business systems that automate appointment booking, payment of bills, client files and any other medial simple tasks. Also keep your life outside of work supportive to having good energy so that you are as consistent as the sun shining.
- Get paid at the start of the month
Get your clients to pay you at the start of the month so that you can get on with business. With money in the bank you will have more time to get on with it and less time worrying about the bank balance
- Control spending
It may seem that there is a lot of money coming in however measure what is going out. Save a bit for a rainy day and keep on top of taxes and regular expenses. Set a budget and stick to it. If you can apply the same discipline to spending money as you do to your fitness regime you will have a healthy bank balance and a fit body.
- Keep marketing
Typically marketing runs a 90-day cycle. So what you do, or don’t do, today will impact your business in January 2010. My observation of up/down businesses is that marketing moves down the priority list, as the business gets busy. Stay committed to marketing during your busy-ness. Avoid a yo-yo style cash flow by keeping consistent with marketing.
- Have a plan for January
Plan now for when you return in January. Consider how much you want to earn and then implement a strategy. Do the work now and join family and loved ones and have a well-earned rest so that you can continue to make a healthy difference throughout 2010.

Our PT Plus mission is to see more health and wellness businesses making more money so that they can make a significance difference. By contributing to increasing the health of communities, employing more staff, providing charity support and donations and by generally practising healthy business. As an industry we first must help ourselves so that we can serve this greater mission. Work smart during these next few months and make your own difference to your immediate community of clients, you deserve it, while the sun shines.

14 October 2009

follow a business model

Making money via building a business has been around for tens of thousands of years. It is not a new concept. The principals for building a business have remained the same since our first medieval transactions of incense and silk rugs. Many lessons have been scribed into books 'seeking counsel' or 'meeting of the minds'. It is consistent throughout time.

So why try to reinvent the wheel?

So many 'fitnesspreneurs' try and go against what time has taught them and spend a lot of time coming up with their own business model. Use what works and become a master of working a proven business model for all it's worth.

I recently presented in Auckland, New Zealand in front of a crowd of 120 people on the topic of 'business building'. In the crowd sat a guy by the name of Norm Phillips. Norm is one of the pioneers of the industry. Starting back in the 1980's in Perth instructing groups of people wearing matching leg warmers and headbands, doing grapevines. Some 30 years later in a room of 120, Norm, who probably should have been conducting the whole event with his amount of industry knowledge and experience, put his hand into his wallet and was one of a handful of people to invest in the product offering. You need to know that this guy sits at the pinnacle of management roles running a Les Mills PT division of 80 trainers in Auckland. He is the master of working a proven business model and has done so most of his life. Norm is still very committed to sharpening the saw.

We teach a model of adding systems and direction to a great attitude. Delete time wasting activities, energy vampires and 'seek counsel' on roadblocks. The key ingredient to the model is to multiply your results via increasing sales, adding support and marketing. Finally divide your day into working in and 'on' the business, identify your target markets and have multiple income streams. For a more comprehensive overview click here to receive a complimentary e-book.

This model has been written by successful 'fitnesspreneurs' for 'fitnesspreneurs' who want to succeed. So enjoy the read of the e-book and avoid reinventing the wheel and follow a proven business model.

Scott K

30 September 2009

business building tips

“How do I build my business?” is the most popular question we get asked.


During the next couple of months we are going to unpack a whole bunch of hints, tips and tactics to support businesses in building. In Part 1 of our Business Building series we start by getting you, the business owner on track. Here are some things to consider when building business.


  1. Pick a purpose

Your purpose has to be an obsession. One that keeps you up at night and consumes your thinking throughout the day. It has to numb you with excitement yet make you nervous about it’s success. A more targeted and specific purpose creates greater impact. If it is purely money dominated then it may be the wrong area of purpose. You have every right to make a lot of money by defining your purpose as that is the result of being great at what you do however watch it being the motivator. Consider tacking on the Why? So why have you chosen the purpose and what satisfaction does it give you personally?

  1. Map out a strategy

A strategy should consider the outcomes of dollars and cents. If you are going to put time into a project you need to get paid. It also requires marketing. Combining online techniques, traditional marketing and the plan to build a recognisable brand are fundamental to a good strategy. An overall annual strategy broken into quarterly, monthly and then daily tasks insures an outcome.

  1. Have complete belief

This is an unusual ingredient to have in a concoction of specific business techniques, however it is the most critical. Without belief business wont happen. To build belief you need to associate with big-thinkers, build a strong team of individuals who challenge you as well as commit to developing yourself, the individual.

  1. Create daily action

This is where the rubber hits the road and some business owners become polarized. The best idea is only an idea unless it has action. Daily actions will take you outside your comfort zone, however if you have a big enough purpose combined with complete belief then the action is not even work.

  1. Accountability is king

It is why personal training and business coaching works with a higher success rate than training yourself or trying to implement a good business idea on your own. The commitment to investing in yourself and tapping into the expertise of someone else for accountability compliments your belief. 'We will do for others, what we wont’ do for ourselves' is very true of most people.


Scott K


16 September 2009

a selling system

Without a selling system it is a bit like turning the key in the ignition and waiting or the car to start, without an engine. Whilst you may have a key to a business, without a system for generating sales you are going to find it difficult to keep moving forward at any pace. For long jeopardy in business you need to have a system for generating leads to your business to convert to sales. The problem with most health and fitness businesses is the owner is the technician, administrator, cleaner, accountant, client liaison officer and sales person while still trying to practice what they preach and live a healthy, well balanced life.

If you can place a selling system in your business it will help the all-important part of sales and revenue. So when you turn the key each morning it will go from a concerning clunking sound, with fear of moving forward to something firing like a V8 that can get you to your destination in record time.

The selling system we teach has a six-step process. Use all six and you get a desired outcome. Each one requires the other to work at capacity. Without one or two of these you are only firing on four cylinders as the cliché goes.

So lets get started on the six-step process.

1. psychology
When I say the word sales what words come to mind? ‘Evil’, ‘hard’, ‘yuck’, ‘terrifying’ and ‘difficult’ all have negative connotations. However ‘conversations’, ‘money’, ‘new clients’, ‘freedom’ and ‘holidays’ have a positive spin to the word. Consider your relationship with the word sales and chances are a negative interpretation of sales will land you poor results. Alternatively you may just enjoy the whole process and your business is showing the positive outcomes of a great relationship with sales. Understanding the fate of your business is decided by revenue. Too much revenue rarely creates the intense painful headaches that not enough revenue creates, assuming you are managing your expenses. So awareness around the psychology of selling is the place to start to create change in your business.

But why don’t I like sales?

Any event in life is a neutral event. What determines if an event is good or bad is your previous experience to that event. So, if you have had a bad experience with boyfriends (males) in your life your self-protection mechanism tells you to stay away from ones that look like previous boyfriends. It is the same with sales. You may have been ripped off, bought something you regret, have a perception about sales people that give the whole psychology a negative spin. Sales are not good or bad but purely a neutral event in your business life. Consider the influencing factors in your experience with sales.

You will need to deal with the psychology part of the process if you want a V8 business system. Sales are not good or bad just a neutral and normal event in any business. Decide to make it ‘good’ and it will serve you better.


2. lead generation
How exciting is business when you have a whole heap of fresh leads. New prospects considering your products or services are a revelation. It is very energizing and refreshing meeting new people. So lead generation consists of three key areas.

Traditional
Our industry is strong in the traditional space of generating leads. So traditional marketing models follow brochures, free sessions, meetings, discounted memberships, radio, advertisements and many of the hard copy marketing techniques. These are ideal and the secret is to measure what works for you and your clientele.

Online
Online techniques include a blog, website, social networking and search engine optimization as significant ways to open up opportunities in the www world of business. As an industry we are terrible in this space and miss a lot of opportunity by being slow to catch on to the new age technology and techniques.

Brand
Brand is everything. If you want long jeopardy in your business you need to develop a trustworthy, proven, recognizable and consistent brand. This takes place over time, however start small in your local community, build to a region and then based on your business goals you can take it to bigger places. Brand is everything from answering the phone, to your website, how you dress, the kind of articles you write are all part of the brand and need to be considered.

3. booking a meeting
Having leads is a great thing for business. Converting those leads to a meeting helps to qualify the commitment of the enquiry. I am surprised at the amount of guys who really struggle to get people in front of their great brand and business at this stage of booking a meeting. There are three ways to book in a meeting.

They are email, phone or face-to-face.

You need to be strong in all three. If you follow the selling system in order to get more business and pursue the ideal outcome of conducting a meeting. Chances are if you get you in front of most people you will sell them something. I assume they are qualified and ready to invest in their health and you are passionate about health, fitness and your services. So get good at booking in a meeting so that you can then conduct a meeting and give yourself a chance of getting more people into your business.

4. conducting a meeting
When you get in a face-to-face situation, understanding that the prospect has turned up on time, likes what they have heard so far and have made the time and effort to sit down and talk about their health then you are 90% of the way there. Here is a proven format to help take the sell out of selling when conducting a meeting.

Build a rapport
Get to know the person rather than dive into health conversations. What are their interests, family life, job?

Ask questions
The guy who best sums up this lesson is Alan Pease in his great book ‘Questions are the answers’. Simply buy the book by becoming a member on our book and audio program.

Show value
If you can identify with the person during the build rapport stage and ask open-ended questions chances are you can then show value-based products on what the person has told you they need. Showing value is not just about your service but the bells and whistles, guarantees, terms and conditions and other inclusions that are involved in working with you and your service or product. Rather than discount and cut prices look to show value as a better way to make a sale.

Identify obstacles
So what will stop you? Are there any roadblocks?

These are the key questions to ask in identifying obstacles. So many fitness people never ask clients “is there anything that has stopped you in the past” is a great question when identifying potential barriers. This open conversation early will put you in the hot seat as a guru. If you don’t ask it in the meeting phase chances are the same obstacle that has been holding the person back will appear in week 2, 3 or 4 of your great program.


Confirm the sale
Once you have confirmed the best program, package and price for your client then confirm that verbally. If you have followed the earlier steps then they have told you all of this and all you need to do is repeat the process a second time and confirm the sale. A sale is a sale when you have them signing the dotted line.

Stay in touch
This fits in with point six of our selling system and should the meeting go pear shaped and terrible at least ask permission to stay in touch. Alternatively you may have an energy vampire or someone you don’t think you want to hang around for a few hours per week and then you can show them some other alternatives. It is impossible to get along with everyone so it is fine to come up with a plan B. Maybe send them off to your competitor!

5. sales tools
So many fitness dudes and dudettes rely on showing clients how many courses they have completed or the letters after their name, years in the industry, their gold medal from a body building competition etc. You have just disengaged the client. The sales process is not about you it’s about the prospect. Serve their needs. Here are some sales tools that will help you buy credibility rather than talk about yourself. Articles, blogs, a health model, questionnaires, diagnostics, website, chat rooms, downloads, DVD’s, CD’s.

6. follow up
Whilst a ‘no’ is never a ‘no’ until you get a ‘no’ there is a fine line between being a stalker and letting people walk away to make a decision. Consider the process of follow up with people especially if you have put your valuable time into the system outlined earlier. In having a good sales system you should convert 80-90% of people if you follow the suggested system we discuss here. However for the 10-20% who need more time or are not quite ready, then consider what you do to keep them in your ‘circle of trust’ as highlighted in the great movie ‘Meet the Fockers’. Some simple techniques are to:

a. put them on your database and send them your regular newsletter
b. give them a casual call every month and talk about everything other than selling them your services
c. send them one of our sales tools like an article, download or CD every once in a while with a
personalized hand written note to stay in touch

Finally learn that this should be fun. If you are chasing the good old dollar and want to rip people off than you are doomed. If you honestly believe you can help people and are passionate about what you do than you are on track. Like anything in life this is just a skill. Do your first five and really suck and fail at it. Do a thousand and it will become something that is natural and comfortable. Most importantly is having a system and reviewing your performance. Leave it with you!

Scott K

setting up your own studio

The dream for many personal trainers is to one day have their own studio business. There are many options and considerations in going through the process of the set up stage. A studio can be a highly leveraged and income producing business or it can be a time-consuming, poorly paid job. Having been at both ends of the spectrum, the highly leveraged business is much more enjoyable. Here are some of the pitfalls when setting up your own studio:

1. You don’t have a proper business plan of bank approval status -
The step up from a corporate job or personal training into running a studio is quite significant. The varied skills required to make the business successful require a team of people to make it happen. Sticking to a set of proven plans and tactics is fundamental to long jeopardy. “Flying by the seat of your pants” does not work in this environment.

2. You plan to do more than 10 hours of PT and basically be a PT under a very expensive rent - Don’t even consider doing more than 10 hours of PT a week otherwise you will set yourself up for failure. This ‘heads down’ approach is very limiting in building a business and likened to a job. Create leverage via a team.

3. You don’t have a line of credit, capital or available cash - “Without a good chunk of money behind you to manage the initial start up costs, you will end up chasing your tail from day 1” says Jeni from Sullivan Dewing Accountants. “ A lack of cash flow is what kills most start up businesses”

4. Failure to invest in staff or team -
Should you plan to wear the hat of administration, sales, marketing, accountant, head trainer, customer care officer and cleaner then you are making the common mistake of the rookie studio owner. It is impossible to complete these tasks and have a life outside of your business. The unbalanced nature of living this way will take you down the path of burnout, stress and fatigue.

5. Proper well qualified advice and a support structure - Having a support structure to guide you, give you qualified advice as well as support during the critical first 12 months is key to studio success. On your team of professionals you need an accountant, solicitor, financial adviser and business coach. Your team needs a manager, head trainer, sales person and administration person and of course the best asset in the business is you.

6. You believe location and equipment are the critical things to owning a studio - I recently read a marketing brochure of a poorly run studio and it mentioned “brand new equipment, experienced trainers and great location”. Now if I want to lose weight do I really care about any of the above? My problem is that I am overweight, a brand new treadmill is not the solution, either is the location. So much profit is consumed by expensive rents and key locations which means you need to work harder and longer to make more money all because of the common misconception about location.


7. An agreed formal lease put together with all legal considerations - Understanding that 90% of your clients will be in a 6-12 minute radius of the location you want to ensure some stray clause or a poorly worded lease doesn’t come back to bite you following the building of the business. Ensure you tick the boxes on structuring a formal lease agreement with the landlord.

Scott K

09 September 2009

business overhaul on TV

Recently on the Channel 10 series 'Body and Brain Overhaul' I had opportunity to work with personal trainer Christian Ennor. His story is very typical of what most PT’s, studios and gym owners experience in their business. Thanks to the Personal Training Academy and Christian our segment will highlight the reasons so many struggle to succeed and why we have a high turnover rate of health professionals in our industry. The following article will identify these key findings.


Prior to working with Christian we had assessed his business using our business diagnostic and stock-take. These tools ask for leading questions and responses to business fundamentals linked with successful Health and Fitness businesses. To see how you score click here or follow the links to the business diagnostic on our website - click here.


In assessing Christian we found a standard response from going through this process. These include-


  1. Lots of great business ideas
  2. No time or energy to pursue his goals
  3. Business ideas without strategy
  4. A lack of business skills in achieving some of his goals
  5. Inconsistent cash-flow
  6. His business advice was coming from other personal trainers with limited business skill or success in the area of his goals


Outside of these 6 key observations, Christians business score was a 15/60 based on his completion of the diagnostic. The higher the business score the greater the likelihood of success and long jeopardy in the business. This low score indicates how much work needed to be done. However with Christian’s passion in his career and coach-able attitude, he is a ‘renovators dream’ for a business coach.


We find by collecting independent data we can then put specific tailored strategies with a support structure to achieving set outcomes. During the show we discuss how to overcome these common business obstacles that PT’s, studio’s and gym owners experience.


Interestingly in the aftermath a few of Christians colleagues have seen some positive change to how Christian now runs his business. This sparked some interest in pursuing what Christian had achieved. However few have followed through on any of the initial steps that Christian took by being part of the show. This asks a leading question “if you knew you would succeed would you invest the time and money into one of your great ideas”. For most people the answer is an obvious ‘Yes’. However, very few put this idea into action.


Dr Roy Sugarman and Paul Taylor are great at extracting the data as to why you wont take action. Even why some of the actions you are taking are not aligned with where you are headed.


Without giving the results away from the show Christians results where determined by 6 key success factors


  1. If you want a different result you need to do something different
  2. Map out a plan to achieving what you want using someone who has achieved a similar goal. Pick something that you are passionate about that keeps you immersed in creative thought and positive energy.
  3. Be coach-able and invest in quality advice
  4. Identify roadblocks and obstacles
  5. Do something everyday towards achieving your desired task
  6. Have fun, enjoy the journey and review your progress weekly


As business owners in the Health and Fitness industry what we can all learn from Christian is his ability to implement the above success factors. He removed himself from his comfort zone and found a greater cause to work for being his wife and kids. He wants to be the best he can be in an area he is passionate about and does it with a real sense of humour and love of life. His personality is infectious and he has a deep knowledge for his area of expertise. I think if we could all be a lot more like Christian we would see some more successes in our careers. However you need to watch the show for the full story.


Scott owns PT Plus, a business dedicated to business building and coaching skills for PT’s, studios and gym owners. You can email Scott at info@ptplus.com.au to talk about your business challenges or go to www.ptplus.com.au for a whole bunch of complimentary business resources.