Episode 315: When to Cancel vs When to Keep a Class
What We Cover In This Episode:
Why knowing the financial baseline, and "break-even point" when evaluating class profitability and fixed costs is crucial for studio owners [5:08]
How to approach evaluating attendance trends and what to track [6:09]
The way that balancing instructor versus owner-led classes will indicate financial risk [7:24]
A reminder to always consider the ripple effect of cancellations and the full impact doing this can have [7:59]
How to communicate class changes proactively by presenting them as a strategy to better serve members [9:09]
What you can do to leverage…
The skinny
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