Authentic Profits: Run a Part-Time Martial Arts Business You Can Be Proud Of which can be obtained from Amazon on Kindle.
Reading my biography to the right you will see I have extensive qualifications and experience in business and the martial arts. In addition, I have direct experience of the martial arts industry having assisted in the running of the Jan de Jong Self Defence School which included the development and implementation of a business recovery plan which proved to be highly successful. Thus, I am uniquely positioned to opine on Read's book.
The books is based on theory and experience, however, the theory is only used to inform practice in a practical way. The advice, based on my qualifications and experience, is sound and will assist all in the martial arts industry no matter their motive.
Some of the advice is counter-intuitive and contrary to popular wisdom, however, based on experience it works. Some of the principals espoused by Read were featured in my business recovery strategy that successfully turned the fortunes of the JDJSDS around after nearly two decades of decline in a highly competitive industry.
I cannot endorse the book nor the advice provided in the book more enthusiastically. In particular the focus on relational practices rather than transactional. Transactional is a leaky bucket whereas relational attempts to plug up the holes in the bucket (business) so less water (students) have to keep being poured into the bucket.
The only thing I would add to Read's book, and which supports his advice anyway, is the effect of focusing on relational business can be quantified through a KPI known as 'life-time value.' If you can increase the life-time value of a student then you increase profits and decrease costs. L-TV is calculated as the average time a student spends at the school multiplied by the average membership fee. I focused on this KPI within the recovery strategy for the JDJSDS and it helped in turning a two decade decline in student numbers and income into an upward trajectory.
Read uniquely combines business, psychology, and martial arts. Read is a qualified psychologist and thus provides interesting insights into instructors (or teachers, you'll understand the difference by reading his book), students, marketing, and motives.
The only criticism I would have is that he uses so-called American-English, although, to his credit, he does explain to the reader that his school, Spirit Defence, is spelt 'defence' instead of 'defense' because that is the way English-English speakers spell the word. Okay, he doesn't exactly put it like that but he does inform the reader that others in the English speaking world do not use so-called American-English spelling. Okay, maybe he doesn't exactly put it that way as well, but you get my drift.
Highly Recommended. Five stars *****.