Simple Profit with Tu Le

Can Tu help a new business owner grow from 20 to 100 martial art students in 12 months? Follow the journey of Zac Reznik, owner of Tenacity Martial Arts as he navigates the challenges of a new business with the help of Tu's expertise.

Timestamps:

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In this episode of the Simple Profit, Tu welcomes Mike Moh, a movie star known for portraying Bruce Lee in Quentin Tarantino's 'Once Upon a Time in Hollywood. and founder of LVLUP Martial Arts. Mike shares his journey from starting martial arts at 12 years old, to operating three successful martial arts schools in Wisconsin, and balancing a film career. Learn about Mike's business insights, and his strategic approach to expanding his business while maintaining a dual career.

Timestamps:

01:38 Mike Mo's Martial Arts Journey

03:22 From Martial Arts to Hollywood

07:22 Landing the Role of Bruce Lee

09:53 Behind the Scenes with Quentin Tarantino

15:08 Balancing Acting and Martial Arts School

17:03 Starting a New Journey in Madison

17:41 Balancing Martial Arts and Acting

18:07 Growing the Martial Arts School

18:36 Negotiating and Expanding

19:48 Moving to a Larger Space

24:28 Rebranding and Opening New Locations

27:49 Building a Strong Team

33:00 Future Goals and Reflections

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In this episode of The Simple Profit Podcast, Tu reveals the transformative business decision that catapulted InCourage Martial Arts' revenue from $1.8 million to an impressive $5.4 million.

Navigating Business Success: From Martial Arts to Financial Fitness

In this episode of the Simple Profit Podcast, host Tu Le uses the Harvard Business School's Case Study Method to explore critical decisions when expanding a business. Tu also raises important questions about readiness, risk, and leadership capabilities necessary for business expansion.

Join us on The Simple Profit Podcast as Tu Le unveils key insights from his transformative experience at Harvard Business School. In this episode, Tu shares how the lessons learned during his time at HBS enabled him to triple his business’s net worth. Discover the unique benefits of the case study method, the enriching impact of campus life, and the invaluable diversity of perspectives he encountered in the classroom. Tu also explores how these experiences have shaped his approach to business leadership and decision-making.

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In this engaging episode of the Simple Profit Podcast, host Tu Le welcomes Brannon Beliso, an influential entrepreneur and speaker with 35 years of experience in running and consulting businesses. Brannon, who is the owner of the multi-million-dollar One Martial Arts School, joins us to share his compelling journey from operating a DJ booth to founding and scaling a martial arts empire. His approach focuses on cultivating disruptive practices that align with the purpose and drive profitability.

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Continuing our current series, "Millionaire Mindset of Multi-Location Operators," The Simple Profit Podcast with host Tu Le delves deep into the crucial role of resilience in the entrepreneurial journey, emphasizing its importance for building million-dollar businesses. Tu provides invaluable insights and shares personal experiences about how mastering resilience helps overcome challenges such as failure, rejection, and self-doubt, key hurdles every entrepreneur faces. Discover how resilience can transform setbacks into stepping stones towards success in this must-listen episode for any entrepreneur aiming to scale their business and personal capabilities.

Timestamps:

05:04 Learning from Kindergarten: The Importance of Emotional Resilience

06:33 Handling Complexity in Business Operations

10:22 Bouncing Back: A Personal System for Overcoming Setbacks

For more tools to efficiently manage your business, check out MyStudio's powerful membership management software at ⁠⁠⁠www.mystudio.io⁠⁠⁠.

In our latest series, "Millionaire Mindset of Multi-Location Operators," the Simple Profit Podcast, led by host Tu Le, delves into the key traits of successful multi-location business operators. Tu explores the strategic mindset needed for scalable success, focusing on the delicate balance between being well-prepared and seizing growth opportunities. This episode gives insight into how understanding both customer and staff demand is crucial for planned expansion. Highlighting the importance of maximizing current operations before branching out, Tu offers valuable lessons for anyone looking to grow their business.

Timestamps

01:18 Getting too excited to expand

03:55 Wrong staff, right place

05:31 The Litmus Test: Customer and Staff Demand

06:36 Expansion Sign: Fully Booked Classes

06:51 Expansion Sign: Full Lobby

07:32 Expansion Sign Word of Mouth Without Ads

10:05 Staff Desire to Grow

11:05 The Thought Experiment for Expansion

15:12 Mistake: Multiplying before Maximizing

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In the latest episode of The Simple Profit Podcast, host Tu Le shares a powerful cautionary tale, detailing how a single oversight in a lease renewal clause resulted in a staggering $70,000 loss. This episode, the final installment in a 3-part series, delves into the critical aspects of lease terms that every business owner should master, such as commencement dates, lengths, and renewal options.

This episode is not just an exploration of lease terms; it's a vital guide for safeguarding your business against overlooked pitfalls and ensuring sustainable growth and success. Join Tu Le for this must-listen episode, filled with key insights and practical advice for any entrepreneur.

Timestamps:

01:12 Understanding Lease Terms: The Foundation of Your Business
01:57 The Excitement and Pitfalls of Starting a New Business
03:41 The Critical Importance of Lease Commencement Date
04:24 Maximizing Business Success with Strategic Lease Negotiations
05:29 A Personal Story of Success: The InCourage Fairfax Case Study
09:40 The Lease Renewal Oversight: A Costly Lesson
15:28 Final Thoughts and Advice: Protect Your Business and Your Dreams

For more tools to efficiently manage your business, check out MyStudio's powerful membership management software at ⁠www.mystudio.io⁠.