Ep. 57- Launching The Bar Method and the Difficult Decision to Sell: A Story of Entrepreneurship and Growth with The Bulcher Sisters

More Than Your Age

Today is a special day as I not only had the opportunity to interview one, but two guests! This was a first time experience having two guests on the show. I’m very thankful my first 2 guest interviews were with The Bulcher sisters. I met both Erin and Nicole several years ago when they opened their fitness studio, The Bar Method. It was an exciting time to witness and watch unfold as a dream came to fruition. With that dream comes a lot of hard work and stressful times. I had a great conversation with both Erin and Nicole regarding the steps into opening the business, the tough decision to sell only after a few years after opening, and navigating a new identity after a big life change.

Erin Peabody and Nicole Bohannon (The Bulcher sisters) and former owners of The Bar Method in Southlake, Texas, discuss their journey of opening and running a fitness studio together. They talk about their close relationship as sisters and how their differences actually strengthen their bond. They share their experiences in dance and fitness, including Nicole's time as a Dallas Cowboys cheerleader. They also discuss the challenges they faced in opening their own studio, including location and funding concerns. Despite the challenges, they were able to successfully open their studio and build a strong community of clients. Nicole and Erin discuss their experience of owning and selling a business. They talk about the challenges they faced, the exciting moments they experienced, and the identity shift that occurred after selling the business. They emphasize the importance of finding your passion, becoming an expert in your craft, and finding your identity in something greater than a title or role.

Takeaways

-The Bulcher sisters have a close and unique relationship that has grown stronger over the years.

-Opening a fitness studio comes with challenges, including finding the right location and securing funding.

-Building a strong community of clients is essential for the success of a fitness studio.

-Having a supportive friend or family member can make a big difference in pursuing your dreams.

-Embracing your differences and finding common ground can strengthen relationships.

-Your identity should not be solely based on your title or role; find your identity in something greater, such as your faith.

-Become an expert in your craft and immerse yourself in something you love.

-Find contentment and joy in what you're doing, even if it's not what you initially planned.

-Recognize that your life may have different seasons, and it's important to prioritize what's best for you and your family.

-Remember that your worth and value are not determined by your title or achievements, but by who you are as a person.

Chapters

00:00 Introduction and Sisterly Bond

07:42 From Dance to Fitness

09:02 Becoming a Dallas Cowboys Cheerleader

12:24 Navigating Body Image and Negativity

25:14 Concerns and Challenges

28:35 Finances and Transitioning

32:13 Hiring and Teacher Training

32:15 Starting the Business and Hiring the Team

36:07 Exciting Moments and Milestones

40:29 Challenges and Financial Realities

47:36 Selling the Business and Identity Shift

58:33 Finding Identity Beyond a Title or Role

01:05:10 Encouragement for Pursuing Dreams and Goals

Connect with Erin and Nicole:

Instagram: @mrserinpeabody

@nicolebulcher

Connect with Erica

Email // Facebook // Instagram // Linkedin

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