
In this episode of the Elite Trainer Academy podcast, Kyle discusses the foundational business metrics that every personal trainer should be familiar with. He offers insights into Mind Pump's journey in expanding their business to include one-on-one personal training, emphasizing the importance of tracking key numbers. Topics covered include top line, bottom line, operating expenses, ad spend, LTV (Lifetime Value), and CAC (Customer Acquisition Cost). For personal trainers, knowing booking percentage, show percentage, close percentage, average dollar per sale, and resign percentage is critical to understand and scale their business effectively. You will also learn the importance of tracking these metrics to reverse engineer actions that lead to reaching revenue goals. Whether you're a solopreneur or part of a larger organization, this episode provides essential knowledge for growing your business.
Timestamps:
00:00 Introduction to Elite Trainer Academy
01:17 The Importance of Numbers in Business
03:08 Understanding Key Business Metrics
05:40 Advanced Metrics: LTV and CAC
08:20 Micro-Level Metrics for Personal Trainers
11:44 Tracking and Utilizing Business Data
15:10 Conclusion
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Instagram:
Kyle Pullin - @mindpumpkyle
Sal Distefano - @mindpumpdistefano
Justin Andrews - @mindpumpjustin
Adam Schafer - @mindpumpadam
Doug Egge- @mindpumpdoug
Mind Pump Fitness Coaching - @mindpumpacademy