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This week I am joined by Nick Combs who is a yoga teacher, a yoga studio owner and the founder of M3 Yoga. Nick was formally a full-time nurse and discovered yoga after dealing with a back injury. Yoga helped heal him and he decided that he wanted to share his love of yoga with others. Nick started by teaching donation based yoga, and then slowly went through the process of recognizing his worth as a yoga teacher and decided to open his own studio, M3 Yoga. Now, M3 Yoga has a second location in Athens, GA and is running successful workshops and trainings.
On this episode, we talk about how Nick went from being a full-time nurse to a full-time yoga teacher and studio owner, the mindset shifts he had to go through to become a successful yoga teacher and studio owner, the business side of running a successful yoga studio, and much more.
Enjoy!
Business Lessons from this Episode:
- How yoga and movement can help heal pain in the body
- We need to believe that our time and our offerings are valuable and that we deserve to make money
- Yoga has always been a trade, and you can still have a spiritual practice and make money
- If yoga teachers can’t make a living off of yoga, there won’t be any more yoga and that is a really sad thing
- You have to value your teachers – you need to pay them what they are worth and give them an opportunity to grow and feel supported
- You need to have core values and a mission statement in your business that guides your decisions and what you choose to do in your business
- Different people have different reasons for opening a yoga business, and that’s okay
- Comparing ourselves to other people never results in anything positive and it’s really dangerous to our businesses
- It can be challenging working with a lot of different people and balancing being a boss, a manager and a friend
- A great studio practice is to onboard new teachers and find out what their teaching goals are and how you can support that
- Foster community amongst teachers through encouraging them to try each others classes
- Be transparent with your teachers about how your business is doing and what feedback they are getting from students
- As the owner of a studio, you can support your teachers and the business without being the face of the brand
- Invest in your business!
- Be authentic to your core values and be authentic to what you believe in as a studio owner, a teacher and a business owner
- Even as a teacher and studio owner, never stop learning!
- When it comes to self care as a business owner, ask yourself what you need in that day and in that moment.
- And much more… Here’s the episode!
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