The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
My Favorite 5 Business Ideas in the Swimming Industry. Ep. #046
Jul 31, 2024
In a captivating conversation, Josh Scott, owner of SwimSRQ and Swim Academy, shares his journey from competitive swimming to successful swim schools. He highlights innovative business ideas like renting pools for lessons and creating unique spaces for swim instruction. Josh discusses the importance of ethical teaching practices that prioritize student engagement, the challenges of managing finances in the industry, and effective marketing strategies. He also explores the competitive landscape and offers invaluable advice for aspiring swim school entrepreneurs.
52:19
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Quick takeaways
- A profitable swim school model utilizes weekend pool rentals while offering lessons during the week to maximize usage and minimize costs.
- Improving instructor compensation and incentives is vital for enhancing teaching quality and addressing customer dissatisfaction in swim schools.
Deep dives
Innovative Swim School Model
A sustainable and profitable model for swim schools involves offering lessons during the week and renting pool space during peak hours on weekends. Swim schools can charge between $300-$400 per hour for renting their facilities, with potential profitability even if they don't own the property. This approach allows for maximizing pool usage and minimizing overhead costs, making it an appealing option for aspiring swim school owners. Such models can also adapt to market demands without significant financial risk.
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