Should you rent your martial arts school premises or own it? Fari Salievski believes in the latter and funds his investments.
IN THIS EPISODE YOU WILL LEARN:
What to do when nature takes it course and destroys your business
How the concept of recurring billing started within Australia
When you should consider owning your martial arts school premises
Why hype is not always the best way to go
When it's ok to drive your Ferrari
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Download the PDF transcription
Are you owning your own building? That nice car that you drive, do you actually own it? If your school is so successful, your school should become really an avenue to invest.
Hi, this is George Fourie and welcome to another episode of Martial Arts Media Business Podcast, episode number 19. I have with me today Master Fari Salievski from KMA, a champion martial artist in Sydney, although they have several locations around Australia. An interesting martial arts business conversation, about ownership, owning your actual school and not renting, using your martial arts school as a vehicle to fund investments. We talk about 34 years in the business and how things have changed and brought things like recurring bullying and things that have obviously taken for granted today but getting that process started way back in the day.
Now, discussing the topic of ownership, I’d like your feedback. We talk about ownership, obviously the physical school, and that got me started on something that I haven't really spoken about, which is owning your digital assets, which is a very very important component when you build out your website and your Internet properties, but it’s one that is completely missed in most modern day training, so people don't really focus on it. But at the end of the day, if you’re building a business for longevity, you want to own digital assets, as you might want to own a building – or is it something that you do not agree with?
I know there could be a lot of contradicting opinions on that, whether you should own something or rent something. At the end of the day, is ownership really better? Yes, mostly, but some people say it’s not. So what's your take on that? Blow the show, and you can do that with every show basically and this one at martialartsmedia.com/19 – right below the transcript, you can leave your name and email address and fill in a comment and start a debate. If you have any questions, or something that you don't agree with or agree with, then raise that and let’s discuss and evaluate a few options.
I know for me in my marketing business, I don't own a physical location because I don't need to – I can work from home, which is awesome and that's the way I wanted to have it set up in the beginning, that I can work with remote staff and work with people from all over the world, which is what I do. I have only one person in Perth that I work with, everybody else is located in different parts of the country or different parts of the world. So that's from me, but when I talk about ownership, am I into digital ownership? Oh yes, I want to own every single property and put my primary content on a website that I own, and this is a topic that I’ll dig a bit deeper into and elaborate more on.
This episode, we’re getting right there, stuck into the business. You're going to get a lot of value from this, or it’s going to create contradicting opinions, who knows? If it does, whether it does or not, leave a comment below the show notes, martialartsmedia.com/19. That's it from me, please welcome to the show – Master Fari Salievski.
GEORGE: Good day everyone. Today I have with me Master Fari Salievski. Now, Master Fari Salievski has been in the industry a good 34 years, started the whole craze of fortnightly billing in Australia and a whole bunch of other things that we're probably going to touch on in this interview,