Your Fitness Money Coach Podcast - Helping Gym Owners Build Profitable Businesses 59. Good to Great Part 4 - The Hedgehog Concept
Today we're diving into Part 4 of my Good to Great series. This one is about a game changing idea called the Hedgehog Concept. I learned this principle in G2G and have seen it played out in every scenario where I've seen lasting success. In a nutshell, the Hedgehog Concept is where the following 3 things connect: 1) What can I be the best in the world at? 2) What am I deeply passionate about? 3) What drives my economic engine?
If you listen to this episode, you'll hear the following mentioned:
- The difference between a hedgehog and a fox
- Ideas from the hedgehog concept apply to any arena
- Examples of things you can be the best at: Customer service, a specific training model, hiring
- Example of economic drivers: Profit per square foot, profit per employee, profit per customer
- There is nothing wrong with making money but that can't be your only driver
- What's the problem you're passionate about helping people solve?
- Lead with questions, dialogue/debate, make decisions, analyze/autopsy
- Have a council
Contact Billy directly about possibly doing coaching with him, visit https://yourfitnessmoneycoach.com/coaching-with-me/ and fill out the form.
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