Previously, we discussed how you should be keeping track of your business data to save time. The purpose of this Behind the Numbers post is to follow up and provide a more specific guide to tracking your revenue through Wodify Custom Reporting. This Behind the Numbers blog and accompanying videos will explain what custom reporting is, how to use it to track your revenue data, and how to best use it to improve your business.
Custom reporting is a powerful tool within Wodify that enables you to have complete control over your business data, so you can easily analyze and improve your business.
…Because it’s built for your specific needs. Every business operates differently, attracts various kinds of clients, employs coaches or teachers with diverse expertise, brings in differing revenue streams, and therefore, requires different reports.
When choosing a software to run your business, it is important to invest in something that doesn’t just get the job done, but can serve as a platform for your business.
Think of it this way, buying software is similar to buying a physical space for your business. Most people think buying any software that enables you to check in and bill clients will check the box of “software”. But really, that’s like investing in a space that’s meant for Yoga when you run a CrossFit business. A space built for yoga ideally has high wooden ceilings and a warm feel, but if someone were to drop a barbell or slam a med ball on the floors they’d probably disturb and destroy your space. Having software checks a box, just as having a physical space checks a box, but it’s important it is tailored to your business. Wodify empowers you with all the tools you need to run your business, and, zooming back in, custom reporting is one example of how to do just that within a software.
In order to fully understand how you can analyze your revenue data with custom reporting, we’ll do a deep dive into 2 report examples that answer questions many Wodify customers want to know:
By investing time in creating reports that help you understand your business, you empower yourself to set goals and consistently keep track of business metrics. We want you to be confident in your success at Wodify, and when it comes to creating the strongest business possible, understanding your revenue is crucial.
Within custom reporting, you have the ability to set up “email subscriptions”, so that daily, weekly, monthly, or any cadence you prefer, your report can be emailed to you. This is a great way to remind yourself that you should be keeping track of these metrics and taking actionable steps on improving or maintaining them.
With full utilization of custom reporting, you can push your business to the next level, and therefore increase your client base, retention, and revenue.
If you are a Wodify customer, you can learn more about Wodify Custom Reporting here.
If you aren’t using Wodify yet, you can book a free consultation here.
Want to keep learning? Check out related Behind The Numbers posts:
How You Really Should Be Keeping Track of Your Business Data
Why and How You Should Be Nurturing Your Newest Clients
How to Optimize Your Fitness Class Schedule