Nov 19 2024 57 mins
In this episode, Charles dives deep into the world of wellness entrepreneurship with Shana Meyerson, a business maverick who transformed her corporate expertise into a global yoga empire. Shana unveils her blueprint for turning passion into profit, offering a masterclass in the art of building a successful business in a saturated market through strategic niche identification and conscious capitalism.
From her early days as a high-powered executive in Hollywood's entertainment industry to becoming a pioneering force in children's yoga, Shana's journey is a testament to the power of authentic reinvention and strategic business development. She shares how her transition from the corporate world to yoga entrepreneurship led to the creation of a unique business model that generates up to $15,000 for a single weekend of teacher training.
Charles and Shana engage in a candid conversation, exploring the revolutionary potential of the "yoga of money" philosophy and the crucial distinction between being a yoga instructor and a yoga entrepreneur. They unpack the counterintuitive approach of leveraging corporate experience in the wellness industry, the magic of creating premium value while maintaining accessibility, and why understanding your unique market position trumps following conventional wisdom in today's competitive landscape.
Shana's insights crackle with practical wisdom as she breaks down her unique business strategies, from innovative niche marketing to the revolutionary concept of conscious capitalism in the yoga industry. She challenges conventional wellness industry wisdom, advocating for a radical shift from undervaluing spiritual work to creating sustainable, profitable businesses that maintain integrity and social impact.
KEY TAKEAWAYS:
• Transform Failure into Success: Learn how Shana turned early career setbacks into the foundation for building a global yoga empire
• Master Niche Domination: Discover how to identify and own your unique market position, even in a saturated industry, by leveraging your distinctive background and experiences
• Scale Through Strategic Pricing: Understand how to balance premium pricing with accessibility while maintaining profitability through innovative approaches like sliding scales and teacher training programs
• Build Financial Resilience: Learn the "yoga of money" philosophy that combines smart business practices with conscious capitalism, including saving strategies and charitable giving that sustain both profit and purpose
Head over to podcast.iamcharlesschwartz.com to download your exclusive companion guide, designed to guide you step-by-step in implementing the strategies revealed in this episode.
KEY POINTS:
2:21 Shauna's business journey: From corporate powerhouse to yoga pioneer
9:30 Yoga's impact on life: How discovering yoga three weeks before 9/11 changed everything
20:29 Business breakthrough story: One rabbi's call that launched an empire
27:03 Earning six figures: Transforming from $17,000 to six figures in year two
39:21 Yoga of money: A revolutionary approach to conscious capitalism
46:58 Finding your calling: "What would you do if you knew you wouldn't get paid for it?"
50:31 Balance your energy: Understanding money as shared vibration and treating it with respect