Insights With Trent Munday

Yeasty Boys is a group of blokes that go out once a month for a chat and a meal to make sure that our mates are okay. It’s not magic but it creates a safe place for men to talk to men. We are based in the Mornington Peninsula and are very inclusive. Check us out on Insta or Facebook. No one should be without a mate to talk to. Today I go LIVE with the Founder of Yeasty Boys, Mick Simmons, to talk about why it's such an important thing for so many people. If you want to connect with Mick & the Yeasty Boys, here's where you can find them...   https://www.facebook.com/groups/1240558539402000/ https://www.instagram.com/_yeastyboys_/   And for HALT (Hope Assistance Local Tradies)... https://thehaltbrekky.com/     #mentalwellness #mentalhealth #mensmentalhealth 

EXCITING NEWS Trent365 will now start doing LIVE Shows. Podbean, where I host my podcast, has just enabled a LIVE Stream function. So that means I will be able to go live with guests and have folks call in to chat and get involved in the discussion. At the end of the LIVE Show, we'll then post the show as a normal podcast episode too. Tonight I kicked off with Mick Simmons from Yeasty Boys. I'll post a link to that episode tomorrow. In the meantime, if you'd like to join me on a Trent365 LIVE Show, just drop me a note in the comments or send me an email to ME@TRENTMUNDAY.COM, let me know what you want to talk about, and I'll do my best to make it happen. #podcast #livestream #podcastshow

Lobster Ink is an online training resource for hospitality. They have over 250 courses covering just about every area of hospitality. And they've just launched a Spa Professionals course. The course covers Spa Therapists, Receptionists, Manager and even Spa Attendants. It's been put together with the help of Kasha Shillington and the team over at Resense. If you want to check it out, here's the link... https://lobsterink.com/solution/content/spa/ #hospitalitytraining #spatraining #onlinetraining

Guest Satisfaction that most of us in the Hotel and Spa space tend to obsess about. We put so much stock in those Guests Satisfaction Surveys.  Our people's bonuses...and sometimes their jobs, often depend on it. But what's the point of Satisfaction if it doesn't lead to Loyalty?   #guestsatisfaction #customersatisfaction #customerloyalty #repeatbusiness

The Global Wellness Institute has announced the launch of the Yoga Therapy Initiative. The Yoga Therapy Initiative plans to define the ancient and evolving, multidimensional science of yoga therapy as a legitimate wellness modality for the 21st century. Bija Bennett is the Chair of the Initiative. Bija is an internationally respected author, speaker and business leader whose practice focuses on the tenets of mind-body health. Here's a link... https://globalwellnessinstitute.org/initiatives/yoga-therapy/   #wellness #yoga #wellnessmodalities #globalwellnessinstitute

Mental Wellness is a big deal. Especially for me. We've been conditioned to basically suffer in silence.  But Mick Simmons decided that was just dumb! So he started... YEASTY BOYS! As Mick describes the phenomenon...Yeasty Boys is a group of blokes that go out once a month for a chat and a meal to make sure that our mates are okay. It’s not magic but it creates a safe place for men to talk to men. We are based in the Mornington Peninsula and are very inclusive. Check us out on insta or Facebook. No one should be without a mate to talk to.   #mentalhealth #mentalwellness #mensmentalhealth #supportgroup

Tim Ferriss is a smart bloke. If you haven't heard of Tim, here's a link to his website where you'll find links to all his blogs, podcasts, books, etc. https://tim.blog/ In a recent episode of his podcast, he made the comment... We're all investors. His point was, if we're not investing our money...we're investing our time, or our effort or our hearts. I reckon it's a good way to look at life. It kinda helps ensure that you focus your resources, whatever they are, on the things that will make the most impact for you...in whatever way you want that to happen for you.   #investinginpeople #investinyou #personaldevelopment #personalgrowth

A few days ago in Ep. #649, I spoke about the Future of CBD in China. Here's a link to that episode... https://trentmunday.podbean.com/mf/play/ujensp/Eye_on_China_-_CBD_TCM_US-China_Trade_War_649.mp3 The general consensus is, it will be some time before China goes mainstream with CBD. But maybe not so in Thailand. The country has recently legalised cannabis for medicinal & research purposes. And now one of the ruling coalition parties has drafted a law that would allow people to grown up to 6 cannabis plants in their own home. #CBD #THC #cannabis #legalization

A luxury watch is a status symbol.  So too is a luxury car. But what happens in a future of Ubers and Apple Watches? Car ownership will likely become the exception rather than the rule. Smart Watches may well replace the Rolex & the TAG. What will be the Status Symbols of Tomorrow? #luxurygoods #statussymbols #future #trends

The Barber Pole is the universal symbol for the Barber Shop. It's been that way since the Middle Ages. The red stripe represents bloodletting. The white stripe represents the bandages. The blue stripe represents the blood-filled vein.  The downward spinning spiral represents the aortic blood flow. Anywhere in the world when you see that Barber Pole, regardless of any other signage, you know it's Barber Shop. Why can't we have a Spa Pole? A pole that universally represents the Spa. It'd be a great marketing tool, wouldn't it! #spa #barbershop #marketing #branding #symbols

Walking the streets of Shanghai this morning I got a glimpse of what an electric world will sound like....   And it’s bloody serene!   Imagine the silence in a city where all transport is electric...

Vision is the WHY Strategy is the WHAT Tactics are the HOW If you really are the next Steve Jobs or the next Mark Zuckerberg...go ahead and focus on Vision and Strategy. But for most of us, we need to be focussed on the TACTICS.  That’s the execution piece. And that’s where the game will be won or lost. #strategy #tactics #vision #businessstrategy

As of today, any cosmetic product being imported to China must undergo animal testing before it is approved for sale to humans. This of course is a major stumbling block for many International brands who have taken a strong Cruelty Free stance. There are some positive signs that the Government is open to alternatives. But for now at least, if your brand is against animal testing...China is not a market for you. #spachina #chinabeauty #animaltesting #cosmetic

The US-China Trade War is impacting the economy in China.  In Spa & Wellness it’s having a significant impact on those looking to import & export. Traditional Chinese Medicine (TCM) represents a great opportunity if someone can just re-package and market it better to the world. and CBD, big new all over the world...is a loooong way off hitting the Chinese market. #spachina #spa #wellness #trends #USChina

China’s Middle Class is growing. With that, they become more educated about what the world has to offer. As a result, they’re demanding more from their Spas. Results, evidence, efficacy is increasingly more important in this market. And as the population is ageing, they’re become more aware of living well.  Spas have the opportunity to become their go-to resource for all things Wellnesss. I also see opportunities for Spas in the world of Aged Care in China. #wellness #china #spa #trends

I’m here in Xi’an at the Spa China Summit this week. First thoughts on the State of Spa Nation here... - 48% of Spa Operators expect business to get worse, not better - there have been more Spa Closings than Spa Openings in the last year - rising competition, increasing costs, labour shortages & failure to attract younger clientele are the main areas of concern in short, the China Spa Market appears to be reaching maturity. The key to success in the future will be finding a way to differentiate from the competition.   #spachina #china #spaindustry #wellnessindustry

When all else fails...Hotels often decide to just rent out their spa space to an operator to do as they wish. The two big PROs here are...a guaranteed revenue stream & no hassle. The big CON is a lack of control.   #hotelspa #spabusiness #businessmodel

We're all familiar with the idea of working with a Spa Consultant to help get your Hotel Spa open. But what about using the Spa Consultant on an on-going basis as part of your overall management solution? If you get the right fit, you can actually fill the gaps in your current Spa Management situation...and take your Spa to new heights. The major PRO of this option is the flexibility it affords the Hotel. The major CON in the cost...and the challenge of finding the right Spa Consultant. Definitely worth thinking about. #hotelspa #spamanagement #spabusiness #businessmodel #spaconsultant

Even if a Product House does not have their own spa management division, it is still possible to use them to help run your spa. Their main objective is to sell more product so it is in their best interest to help your spa succeed. The more treatments you do, the more products you use and the more potential there is to sell retail.  The major PROs are that the Product House will ensure your therapists are always well trained. They can also become your defacto Innovation Partner too. The major CONs are that you are now restricted in the choice of Spa Product Brands of course. You could also get stuck with large minimum order requirements when it comes to their products. If these don't sell, you could quickly find yourself holding too much inventory.   #hotelspa #spabusiness #businessmodel #spamanagement #skincare

For many Hotels, partnering with a Spa Management company to operate the Spa is a good idea. There are, nonetheless, many potential conflicts that may arise. Thus, hammering out the details of Management Agreement beforehand is essential. Key Commercial Terms, Expense Allocations, Marketing & Promotions, Guest Data, etc are all big conversations that must be had.  The major PRO for the Hotel in adopting a business model such as this for their Spa is not having the day-to-day operational burden of the Spa.  The major CON is that they need to give us a good slice of the Spa Revenue...and often, control.   #hotelspa #spabusiness #businessmodel #spamanagement