Martial Arts Management

As I wrote in my August/September column, the best way to keep what you have is not to have anything in your name. To implement that strategy, you must choose the right business entity (or entities) to limit exposure of your assets to (successful) lawsuits and separate your asset ownership. This month, I’ll explain Sole ...

Why is it important to have a crystal-clear vision of where a person wants to go in life? Brian Tracy answers… This is one of the most important things I’ve ever learned: Successful people tend to be future-oriented. Unsuccessful people tend to be present- or past-oriented. You can tell if a person will be successful ...

I was involved in a rather toxic IRS audit of one of my client’s tax return (a plumber who was operating his business as a sole proprietorship). The auditor was intent on not allowing my client’s business deductions because, although his income had been steadily increasing, his expenses had increased also. This had happened largely ...

In the July and August NAPMA Resources Kits, all NAPMA members received parts 1 and 2 of an interview by Rob Colasanti with my instructor Jhoon Rhee. Jeff Smith and I have been associated with Jhoon Rhee for 45 and coming up on 40 years, respectively. If you are not a NAPMA member, then you ...

In your view, how much time and effort should instructors invest in generating leads for new students?  Tom Hopkins answers… A school owner’s most important investment of time and effort is to sell memberships. A major part of that effort is to become known as an expert, an advisor in physical fitness and marital arts, ...

This article is the nineth in a 12-part series on the specifics for setting success-oriented goals and earning more prosperity for your business. If you’re self-employed or small business owner, then there’s one commonality that we all have – a belief in self-sufficiency. At some point, we decided that we were better off working for ...

The 2012 Action Martial Arts Magazine’s 12th annual Hall of Honors, widely known as the “Academy Awards of the Martial Arts” marked another milestone in the professional development of the martial arts business. This years’ event featured a trade show with more than 60 exhibitors, a traditional martial arts tournament, the first ever “Action Martial ...

When I first became a Taekwondo instructor, I claimed that my martial art is a philosophy that can be very instrumental in developing our youth through mental discipline and physical conditioning. However, I had a difficult time justifying to myself how punching and kicking could be a philosophy. In the early 1970’s, I was writing ...

Call-Out: “Often we make the mistake of operating with a small-club mentality and do not grasp the fact that business professionals play by a different set of rules to become successful.” Here are 13 more business mistakes that I’ve made in owning and operating my school. Words of wisdom: Don’t repeat them in your school, ...

This is a brief excerpt of my in-depth Inter-view with Dan Kennedy. You can read the entire interview and participate in a live call, with Dan Kennedy and me, on July 15. Visit NAPMA.com/DanKennedy to register.Stephen Oliver: Let’s start with the so-called elephant in the room: the economy and the dreaded “R” word. Economists recession ...