In this episode, JP talks about the ten most common mistakes made by Jiu Jitsu academy owners, drawing from his personal experiences. He emphasizes the importance of tracking metrics, creating standard operating procedures, maintaining student engagement, and managing finances effectively. The conversation also covers the significance of hiring practices, communication strategies, and the necessity of developing business skills to ensure growth and success in running a Jiu Jitsu academy.
Takeaways
Waiting until you are big enough to start taking your metrics is a mistake.
Tracking financials is crucial for understanding your business.
Creating standard operating procedures can streamline operations.
Engaging with students regularly helps maintain their interest.
The value of membership should always exceed its cost.
Outworking business problems by spending more time on the mat is ineffective.
Centralizing communication can reduce chaos and improve efficiency.
Being comfortable discussing money is essential for business success.
Negative influences in the academy can harm the culture and should be managed.
Hiring decisions should be made carefully to ensure business growth.
Chapters
00:00 Introduction to Common Mistakes in Jiu Jitsu Academies
01:00 The Importance of Tracking Metrics
02:51 Creating Standard Operating Procedures
04:44 Reselling Students and Maintaining Engagement
06:38 The Fallacy of Outworking Business Problems
08:17 Centralizing Communication for Efficiency
10:11 Getting Comfortable with Money Conversations
12:35 Managing Negative Influences in the Academy
15:31 Hiring Mistakes and Timing
17:56 Prioritizing Business Skills for Growth
If you want to avoid these mistakes and grow your academy faster I'm doing a limited number of BJJ Business audit calls. It's a by the numbers look at your business to figure out where you're stuck and what you need to grow. Click the link below to book a call: https://link.growjitsu.com/widget/booking/cugd9bndUjStB6e1B15w