"Lessons From the First 5 Years in Business"
Happy Anniversary Synergy Yoga Rock Hill!
Today is a momentous day, Synergy Yoga turns 5 years old and
I just signed to renew our lease for another 5 years! This journey is one of the biggest thrill
rides of my life. Woosh! Owning a
business has some days where the stress level is at an all-time high, tears, and
frustration set it. Then just when I think I’ve seen everything, something new
happens. Then there are the good days that outweigh all. These are the days
where I have the honor of witnessing amazing moments for our clients and team
like pure bliss and joy in someone’s heart blasting wide open after a
breakthrough in class, recovery from cancer, new friendships develop, transformations
happen, and people leave feeling better than they did when they arrived.
According to the U.S. Bureau of Labor Statistics, about 50%
of all new businesses do not make it to the 5 year mark. So this anniversary is a big deal! I humbly reflect on this journey and share some tips from what I’ve learned about business
ownership and life (although there are many more):
Monday – Friday 9
am-5 pm doesn’t exist:
The business is always with me, even on vacation or sick
days. JUST like being a parent. The
behind the scenes orchestration and the “to do” list don’t end. So hold on
tight. It’s imperative to sculpt out time
for yourself and find a way to “turn off” the lists and chatter in the mind. (I
know that’s why you come to yoga, as do I. So when you see me on the mat beside
you, it’s for the same reason as you’re there, breathing space.)
Life is preparing
you… Thank goodness for a corporate career and life experience:
In the early stages of the studio, I really don’t know what
I would’ve done without the background from a former 16 year career in the
Human Resources field. I also believe the
experience as a single parent was of huge value. In both cases these experiences gave me
skills, knowledge, courage, strength, and confidence. You’re on your own as the
HR person, accountant, maintenance department, marketing team, administrative,
etc. Value every life experience that comes your way.
Gather support
around you quickly:
Network with other trusted business owners and form a strong
team around you for support. Fast. Coach your team, give them support. Be present for your team and trainees as much
as you can. Then remember you don’t know everything so finding support is super
helpful.
Be prepared to
make really tough decisions that not everyone will like or understand:
This is always brutal for me because it’s yoga and it all should
be super easy and flowing, right? Well yoga is also a business. Making some
business decisions, especially the big ones are tough, for example when I had
to close our Steele Creek studio. I want
everyone to feel happy so it’s difficult to disappoint but some business
decisions will disappoint, they just do. I tend to look at the big picture and try to
get resourceful by looking at not only the financial big picture but also the human
side to balance out making big decisions.
Your Heart Always
Knows:
Trust your intuition, it will never fail. Sometimes my
husband says I take too long to make some decisions. Maybe I do sometimes but
honestly I’m one to look at things from all angles and creative options. But in
the end I wait to “hear” or “feel” the answers. The answers come, they always
do, and sometimes when I least expect like in the shower or on a bike ride.
Walk in faith, then follow your heart.
Say Yes:
Say Yes more than No. When you or your team comes forth with
new ideas, brainstorms, say yes (as long as it’s legal, ethical, and in line
with your values J)
and give it a try. Why not? The worst thing that can happen is that it
doesn’t work and then you just don’t do it again. Foster creativity.
When faced with the decision to renew the lease for another
5 years, it was very clear to stay where we are and continue our good work at
the studio and the community. We have a
great team for whom I am very grateful for, we have amazing clients who walk into
our doors each day, we continue to grow. Yoga heals the body, mind, and soul, I
know this to be true from a personal standpoint from when I first stepped on to
the mat 20 years ago. We are that space
to help you heal, transform, challenge, and provide a slice of inspiration for
your life. Thank you for being part of our journey at Synergy! Cheers to the future!
Peace and Light,
Sara
p.s. SAVE THE DATE - MAY 5th! We’re about to
undergo a little facelift, fresh paint and décor over the next 2 months. SO Save the date Saturday May 5th for our 5 Year Anniversary Open House
with FREE classes, sale pricing, local artisan vendors, and more.