๐๐ผ๐ป'๐ ๐๐ผ ๐ง๐ต๐ถ๐ ๐จ๐ก๐๐๐ฆ๐ฆ ๐ฌ๐ผ๐ ๐ช๐ฎ๐ป๐ ๐ฌ๐ผ๐๐ฟ ๐ฆ๐ฐ๐ต๐ผ๐ผ๐น ๐ง๐ผ ๐๐ฟ๐ผ๐
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Itโs Friday, which means weโre talking Team Building in our 3 min newsletter.
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Have you ever hesitated to share your schoolโs business stats with your team?
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Youโre not alone.
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Many school owners are scared to reveal numbers like new student enrollments, quit rates, active student counts, attrition, and gross revenue.
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Thereโs often a fear that if junior instructors, who are also current students, know the numbers, theyโll start to judge or, even worse, demand more money.
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But hereโs the reality: transparency is the key to long-term team success.
When your team understands how the school is performing, they can directly contribute to its growth.
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Plus, the best martial arts schools in the country, the ones I interview on the podcast, all have one thing in common: everyone on their team knows the stats, not just the owner.
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Now you might not need to share dollar amounts with your volunteers or part time staff, but full time staff should know everything.
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Hereโs Why You Should Share Your Stats:
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๐๐ฌ๐ฃ๐๐ง๐จ๐๐๐ฅ ๐๐๐ฃ๐ฉ๐๐ก๐๐ฉ๐ฎ: : When your instructors are in the loop, they start thinking like business owners.
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They see the direct link between their efforts and the schoolโs success. If they know how many new students joined (and how many quit), theyโll naturally take more responsibility for keeping students engaged and motivated.
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๐ง๐ฒ๐ฎ๐บ ๐๐ฐ๐ฐ๐ผ๐๐ป๐๐ฎ๐ฏ๐ถ๐น๐ถ๐๐: Numbers donโt lie. When your instructors know the current student count and attrition rates, it becomes real for them. If thereโs a drop in student retention, itโs a team issue, not just yours.
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Sharing the stats helps everyone feel accountable for improving them.
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Gross vs. Net Revenue: The big fear: โIf my instructors know how much the school makes, theyโll think Iโm rich and want more money.โ
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The fix? Teach them the difference between gross and net revenue.
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Gross revenue might sound big, but once they see how much actually goes back into expenses, theyโll understand what running a school really looks like financially.
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This transparency helps them see that they, too, can make a great living if they grow with you.
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๐๐ผ๐ป๐ด-๐ง๐ฒ๐ฟ๐บ ๐ฉ๐ถ๐๐ถ๐ผ๐ป: When your team sees the whole picture, including the business numbers, they can start imagining a future where they can move their way up the employee roadmap.
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And if they see a clear path to success, theyโre far more likely to stick with you long-term rather than jumping ship for a few extra bucks somewhere else when they get pressure from a loved one.
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๐๐ฒ๐ฟ๐ฒโ๐ ๐๐ต๐ฒ ๐ฏ๐ผ๐๐๐ผ๐บ ๐น๐ถ๐ป๐ฒ: the more your team understands about your schoolโs performance, the more they can help you improve it.
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You donโt have to give away every detail, but sharing key metrics helps build trust and creates a team mentality that will drive your school forward. You donโt have to go it alone.
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Remember, when your team knows what success looks like, theyโll work harder to help you achieve it.
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๐๐ผ๐ป๐๐: We like to keep a whiteboard hanging up in the office so itโs always visible and updated. Simple, cheap, and effective.
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๐๐ฟ๐ฎ ๐ฏ๐ผ๐ป๐๐ ๐๐ถ๐ฝ: We like to call it the โVitalsโ since itโs the life of the school.
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