Episode 310: Small Core Staff vs. Large Staff — Which Is Right for Your Studio?

What We Cover In This Episode: How to assess your financials by analyzing what percentage of your monthly revenue is dedicated to payroll [3:16] What clients really value and prefer in the studio in terms of staffing [4:07]  What happens when you define your ideal allocation for teaching, managing staff, and business growth [6:08] How to approach growth and what you need to be evaluation and questioning as an owner [14:36] The main reasons why owners prefer small core staff over a larger one and the things to watch out for with this sort of model [17:32]  Why owners choose larger staffs and the risks that accompany this type of set up in the studio [19:05]   Quotes:     "If you do not have a path for people to grow forward, then whenever teaching becomes a burden or a studio is willing to pay more, they are probably just going to dip out." [Nick, 6:38] "[With[ the smaller staff you're going to want those W-2s. If you have them as independent contractors but you only have four or five instructors, that sounds scary as hell to me." [Megan, 8:24] "You can have the same studio, the same mission, vision, values, same class formats, everything, if you are in a different part of town, it is just going to be different people, it's going to be a different culture." [Nick, 17:05]   LINKS:  Learn More About All of Our Partners (including LoopSpark, LenzVU & Perkville) & Get Exclusive Offers Visit the fitDEGREE Knowledge Base Send Megan Your Playlist or Discuss the Podcast Here!  fitDEGREE's Business Portal https://calendly.com/fitdegree-support  [email protected] https://www.instagram.com/fitdegree/ ​​https://www.instagram.com/fitspot_guru/  https://www.fitdegree.com/blog  https://www.youtube.com/channel/UChJ5rK6zWPXjbxtUQx3ys9Q https://www.tiktok.com/@megan_fitdegree