3 Common Mistakes New Business Owners MakeDownload the Guide
Every year, countless ambitious entrepreneurs take the leap and open their own businesses for the first time. And every year, they make the same three common business mistakes. This guide details how to navigate a successful fitness studio or beauty salon opening, including a budget plan, rent-to-revenue ratio, accessibility of your location, and the proper amount of marketing you should start with.
From "3 Common Mistakes New Business Owners Make":
You may have built it, but that doesn't mean they will come. When you're getting off the ground (i.e., the first year or so), about 20-30% of your spending should go to marketing efforts. And if you're facing competitors, do your research! You'll need comparable pricing to be relevant, and an enticing introductory offer to set you apart.”