We recently had our mandatory monthly team meeting and I wanted to try something new.
Here is what I needed:
- New ideas on how to cut costs
- New ideas on how to increase revenue
- Our staff to feel included and connected to the decisions we make
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Here is what I did:
- A mini Shark Tank!
- I asked each staff member (Personal Trainers, Customer Service Representatives….everyone) to prepare one revenue-producing idea and one cost-saving idea that they think we should incorporate at NWPT.
- I told them that they would each present their own idea.
- They would have 2 minutes to sell us on how their ideas will increase revenues or reduce expenses.
- At the end, we voted for our favorite idea and the winner for the best cost saving and the best revenue generating ideas, got a $100 gift card to their favorite local restaurant/shop.
I thought this would be a fun, different and productive way to implement ideas that will help us all out! Go ahead and give this a try with your team, but remember that when voting your team should consider what will bring your fitness business the best return …..but also which ideas are actually feasible to easy to execute!
Yours in health, fitness & business,
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