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One of the major challenges that many studios face is dealing with finances. This doesnt necessarily mean just paying the bills, but knowing exactly how much money you made each month. Not just that you have money in the bank, but knowing what your expenses were and how much profit you made.

Perhaps you do this already, using QuickBooks (or something like it), and every transaction is entered, categorized and reconciled. At the end of the month you generate a profit and loss statement and examine your expenses and revenue to determine where you made money and where you lost money.

If you dont do this, you might wonder, Why should I care, as long as Im making money? Good question.

The goal is to determine where you really make money, and where you dont. then, do more of whatever you do that makes money, as well as change or eliminate the things that dont make money.

For example, do you know exactly how much you made from classes this month as opposed to last month? Maybe youve done some advertising these numbers will tell you if it was worth it or not.

For example, suppose you find that for the past 6 months, you average of $5,000 from selling memberships per month, after paying instructors. then, one month you spend $1,000 to do some radio advertising. At the end of this month, you again look at your profit and loss statement and see that you made $7,500. You made an extra $2,500, but the advertising cost $1,000, so in reality, your increase in profit from radio advertising was only $1,500. This tells you that it is worthwhile to use radio ads.

On the other hand, lets say you only made $5,800 on memberships that month. On the surface it appears you made and extra $800, but after taking into account that you spent an extra $1,000 on the radio ad, you really made $200 less than you had previously averaged.

Your conclusion would be that this type of radio advertising was not a good way to make more money. Yes, you did get more students from the radio ad, but not enough to offset the cost of the ad.

Think of it like a runner timing herself each time she practices the 100-yard dash. The stopwatch will tell her exactly how she did today compared to yesterday or last week. Maybe shes trying to decide if eating before running makes her faster, slower or has no effect. Without the stopwatch, she could feel like she was faster or slower, but not really know for sure.

The same is true for business. When we dont accurately measure profits and expenses, we end up like the runner who says Boy, I felt fast today! Sure, you probably have a good intuitive sense of how the studio is doing. And knowing the exact numbers will allow you to take your studio to a new level.

Doing this kind of analysis of profits can help you earn more and stress less. So often a studio will try the Advertising strategy of the month, randomly trying things to bring in more business, but never really knowing if they earned more money from it.

As you get more experienced with doing this (its actually not hard once you get used to it), youll be able to focus on those things that make money, and change or eliminate those that dont. And remember, as the one who is in charge of running the studio, no one cares more about the bottom line than you do.

I work with many people on this very idea: How to figure out where you are making money and losing money so that you can make your studio more profitable. If you have a questions you would like me to address about this, please email me at coach@CenteredBusiness.com, and I will try to address it in a future newsletter.

Coach Al Lipper
Business Coach for Yoga studios
Destiny: success
website: http://www.CenteredBusiness.com
Email: coach@centeredbusiness.com
Telephone: (805) 544-3938

Coach Al Lipper of 'Destiny: Success' helps Yoga studio business owners smoothly run and grow their yoga studio. He helps stressed and overwhelmed yoga studio business owners who spend most their time wrapped up in daily business tasks, who can't handle any more clients, or who can't make any more money out of the business. Coach Al helps clients find new yoga business strategies which result in generating more clients, increased profits, and more free time for the yoga studio owner. The amount invested was small compared to the results. Contact him today to discuss your yoga studio challenges at (805) 544-3938 or visit http://www.CenteredBusiness.com

It was just yesterday that I was at the range with some friends with a video camera taking pics of their swings and generally messing around with trying to get them to quit with the over the top move.

Man, every where I go I see this over the top thing and there just doesn't seem to be an easy fix, even when the fix is easy.

Any way as we were doing our thing, I noticed a family down the range a ways. There were two young boys in their early teens or less. The father, mom was sitting on one of the benches and it appeared that grandfather was there too.

Nice picture. I love it when young kids show an interest. They had decent swings for beginners.

I noticed that dad was giving advice on their respective swings. And he seemed to know something about it. Not bad, I thought.

Until dad and grandfather started talking about the takeaway move.

dad was more than a bit adamant that you should take the club away low and very long. That you should get tremendous separation from your body. And that you have a very late wrist cock of your right hand.

While Grandfather was saying that he thought an early wrist cock and a good shoulder turn was not only easier, but made much more sense to him.

Dad was very very insistent. Grandfather was much more passive. Then the conversation started to include the boys who were hitting balls.

Dad gave them a drill to do.

You put a ball behind your club head on the ground, and on your takeaway you push the ball back with the back of your clubhead as far as you can before you begin to lift the club up into your back swing.

Neither of the boys could hit the ball while doing this.

And it is no wonder. Dad has it wrong big time.

Here is proof.

Mike Wier and Chris Dimarco are only two examples of pga professionals that use an early wrist cock to start the swing and to get into a great pattern of early angles.

As opposed to very few pga players who work on a big extension and separation on the move away.

this idea of a big separation and large extension is a formula for developing a poor weight shift and it is a timing nightmare. That's the reason the young boys couldn't hit the ball using this idea.

It often( the move) will pull the golfer out over the outside of his right foot making returning to the left side virtually impossible.

The result, here's a surprise, poor to no weight shift and an over the top move in order to make contact. this of course results in a big left to right ball flight or a SLICE!

It may appear to be a good idea because some pga players do it. Not as many as there used to be doing, but still some do. It takes an exceptional athlete to accomplish this on a regular basis and the advantage is out weighted by the poor result for most of us.

So all you Dad's out there, here is some great advice.

Listen to Gandpa, he knows best. He knows a lot more than you think. He just doesn't want to be loud about it.

An early establishment of the right wrist angle is a good move. It sets the angles and then you just turn your shoulders.

When you do it right, and every one can, you will hit the ball as if by magic.

Setting angles early in the golf swing is one of the four magic moves. To learn more about the little know four magic moves and to get a free look at the first one click here: http://www.ebooksbestbuy.com/golf