Posts Tagged ‘Setbacks’

Want To Make More? Spend Less!

During periods of economic slow-downs and recessions, the school owners who are able to spend less while still maintaining business as usual are the ones who prosper.

Notice I didn’t say “survive” – just being in the game to survive runs contrary to the entrepreneurial mindset. If your only goal is to survive, then I suggest you quit now… because when you have self-limiting goals and no self-belief, it’s a sure formula for failure.

True entrepreneurs use setbacks as opportunities for innovation, which is why you have to focus on prospering – it puts you in the correct frame of mind to find the opportunities overlooked by everyone else.

Don’t Dwell – Just Implement

Now, I don’t want to spend a whole lot of time on cutting back, because it puts you in a scarcity mindset if you dwell on it too long.

However, here’s a short list of things you can do to save money this month… and in the coming months and years as you grow your school:

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If you’d like to understand what starting and running your own martial arts school takes, the following is a good solid overview of the process. Before I get into the steps involved in starting a karate school (or other martial art), I’d like to be frank in telling you that starting any business is hard work… probably harder than any other undertaking you’ve ever attempted in your life. There will be setbacks, disappointments, and hardships along the way, but if you stay positive and focused on your goal, take a proactive stance and seek a solution or workaround whenever you face challenges, and stay the course – the payoff will be tremendous. Okay, enough with the pep talk… let’s get on to discussing what you need to do to start a martial arts school… Planning The very first thing you need to do when you are starting out is to write a martial arts business plan. There are two very good reasons for this: 1. If you are going to seek outside funding, there isn’t a lender in the world that will consider giving a prospective entrepreneur a loan if they don’t have a solid business plan. 2. More importantly, you need to have a clear picture of the steps you will take to successfully launch your martial arts school, from start-up through the first Read the rest of this entry »