https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd Made with serendipity en-us 2021-02-24 01:46:43 UTC 2021-02-25 18:17:31 UTC hello@padlet.com courtneyhaugen01 https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234368444 Factor: Entrepreneurship 
Introduced by their spin instructor, Elizabeth Cutler and Julie Rice both wanted a new gym experience with different instructors that did not feel like drill sergeants. They sat down on a "blind date" the initial idea of SoulCycle was created. ]]> 2021-02-24 01:50:26 UTC https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234368444 courtneyhaugen01 https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234404215 Factor: Labor
Ruth Zukerman was a spin instructor that introduced Cutler and Rice; helping to spark their Soul Cycle idea. Zukerman offered her talents and expertise becoming the first instructor for the first Soul Cycle gym.]]> 2021-02-24 02:12:27 UTC https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234404215 courtneyhaugen01 https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234453832 Factor: Capital
Cutler and Rice found a small, former funeral home, studio in New York City on Craigslist. They opened doors about four and a half months later. This studio offered 33 bicycles which Cutler and Rice bought for approximately $1600 each.]]> 2021-02-24 02:45:11 UTC https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234453832 courtneyhaugen01 https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234637514 Factor: Capital 
Nowadays, SoulCycle has 99 gyms across the United States. Hiring more than 1,500 employees, SoulCycle created a new franchise throughout the entire exercise industry.]]> 2021-02-24 04:44:47 UTC https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234637514 courtneyhaugen01 https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234660710 Factor: Capital
After investing in Izze Beverage Company, Cutler earned enough money to quit her job and follow her dream. As well as Rice, who sold her house ad cut down her finances so that she was able to contribute money allowing them to begin their new business.]]> 2021-02-24 04:56:24 UTC https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234660710 courtneyhaugen01 https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234676261 Factor: Labor
When searching for gym space, Cutler was able to use her prior experience as a real estate agent to  find the best available  building/gym.]]> 2021-02-24 05:05:02 UTC https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234676261 courtneyhaugen01 https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234691319 Factor: Land
After six months of opening their doors, SoulCyle because profitable as well as having a long wait list. With the want for their service, Cutler and Rice began to design and sell merchandise that earned them more profit as well as advertising through their current customers.]]> 2021-02-24 05:12:49 UTC https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1234691319 courtneyhaugen01 https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1242363805 Factor: Entrepreneurship
After Julie Rice had her baby, Rice was unable to find a gym that motivated and helped her lose her baby weight. This sparked her idea to start a new gym that made her want to continue to exercise. ]]> 2021-02-25 17:50:58 UTC https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1242363805 courtneyhaugen01 https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1242437924 Factor: Entrepreneurship
Elizabeth Cutler felt like she was missing a sense of community throughout her life, but specifically while she was at the gym. She wanted to feel like she was going to the gym for more than just herself. Cutler also wanted a the opportunity to do what she loved, Cycling.]]> 2021-02-25 18:04:39 UTC https://padlet.com/courtneyhaugen01/ga20fr7f94f9c4hd/wish/1242437924