In this conversation, Lance Trippett, CEO of Academy Kings, a coaching company for martial arts businesses, discusses his experience in the martial arts school business and the transition to consulting.
He emphasizes the importance of leads and retention in the industry, as well as the need to expand the market for martial arts to include more women and kids.
Lance shares effective offers and sales strategies for martial arts schools, highlighting the significance of continuous learning and investing in masterminds and coaching programs.
He also discusses the balance between running a business and personal life, and shares his experiences living in Colorado.
We discuss various topics including hunting, moving the academy, favorite books, and more
Understanding the lead process and focusing on retention are crucial for martial arts school owners.
Creating unique offers and targeting larger demographics can help expand the market for martial arts.
Investing in masterminds and coaching programs can provide valuable knowledge and strategies for business growth.
Balancing work and personal life is essential for long-term success and happiness.
Continuous learning and being coachable are key to achieving success in the martial arts school business.
Hunting and outdoor activities like fishing.
Lance recommends books like 'Rich Dad, Poor Dad' and 'E-Myth' for business ideas.
Recommended digital tools all business owners need
Chapters00:00
Introduction and Background
01:20 Transition to Consulting
02:16 The Importance of Leads and Retention
03:43 Expanding the Market for Martial Arts
04:39 Getting More Women and Kids Involved
05:36 Effective Offers for Martial Arts Schools
06:33 Sales Process and Program Enrollment
07:57 Adapting Marketing Strategies for Martial Arts
08:53 Using Sales Skills in Martial Arts Business
10:20 Intake of New Members and Retention Strategies
11:47 The Importance of Work and Continuous Learning
13:36 Investing in Masterminds and Coaching Programs
17:25 Applying Business Principles to Martial Arts
19:18 Buying and Selling Martial Arts Schools
22:35 Balancing Business and Personal Life
27:46 The Importance of Being Coachable
29:58 Moving from Colorado and Outdoor Experiences
44:11 Hunting and Outdoor Activities
48:01 Moving the Academy
51:20 Books that Shaped Career
52:05 North Pole vs Sahara Desert
52:33 Misconception about Working
53:39 Best Gift Received
54:08Recommended Tool or Software
55:36 Favorite Snack
56:22 Feeling Most Alive
56:51 Contact Information