Podcasts > Money Rehab with Nicole Lapin > Equinox Cofounder Lavinia Errico on Practical Woo and Mourning a Success

Equinox Cofounder Lavinia Errico on Practical Woo and Mourning a Success

By Money News Network

In this edition of Money Rehab with Nicole Lapin, Lavinia Errico, co-founder of Equinox, shares her entrepreneurial journey, balancing motherhood while building an upscale gym that served as a proof of concept for the luxury fitness chain. She discusses facing an identity crisis after the company's successful exit and her need to cultivate purpose beyond external achievements.

Errico also delves into the mission of her new venture, MoveJoy, aimed at empowering women over 50 through an inclusive, body-positive approach to wellness via movement and mindfulness. Her own financial struggles inform her desire to holistically uplift women, helping them find joy, self-love, and release suppressed emotions.

Equinox Cofounder Lavinia Errico on  Practical Woo and Mourning a Success

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Equinox Cofounder Lavinia Errico on Practical Woo and Mourning a Success

1-Page Summary

Lavinia's entrepreneurial journey with Equinox

Before launching Equinox, Lavinia Errico and her brothers built a smaller, high-quality gym as a "proof of concept," making upscale choices like installing Neoshock flooring. She faced challenges balancing entrepreneurship with new motherhood, driven to prove her value amid concerns over juggling both roles.

Lavinia's personal growth and challenges

Lavinia blends her grounded Jersey roots with an openness to spirituality, utilizing practices like breathwork and movement to manage stress. After Equinox's successful exit, she experienced a profound identity crisis, realizing the need to cultivate purpose beyond external achievements.

Lavinia's new venture MoveJoy and her mission to help women

Through MoveJoy, Lavinia aims to help women over 50 find joy, self-love and wellness via movement and mindfulness. She believes she has a gift for helping women release suppressed emotions. Errico champions an inclusive, body-positive approach unlike existing fitness models. Her financial struggles have informed her desire to holistically empower women.

1-Page Summary

Additional Materials

Actionables

  • You can create a mini wellness retreat at home by designating a weekend to combine your cultural background with relaxation techniques. For instance, if you have Italian heritage, you might cook a traditional meal and then practice yoga or meditation to blend the comfort of your roots with stress management.
  • Start a small-scale project that aligns with your values to test its viability and your passion for it. This could be as simple as organizing a neighborhood clean-up if you care about the environment or starting a book club to encourage reading and community if literacy is your passion.
  • Develop a habit of journaling to explore and affirm your identity during major life transitions. Write about your experiences, how they shape your sense of self, and what values you want to carry forward. This can be particularly grounding after a significant change, like a career shift or personal milestone.

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Equinox Cofounder Lavinia Errico on Practical Woo and Mourning a Success

Lavinia's entrepreneurial journey with Equinox

Lavinia Errico, alongside her brothers, laid the foundational bricks of what would later become Equinox by launching a small gym with a commitment to high-quality and thoughtful design.

Building a High-Quality Gym Experience

Before there was Equinox, Lavinia and her brothers embarked on a venture to establish a gym that exemplified their standards for excellence in fitness. They began with a modest facility that served as a "proof of concept." Their dedication to quality was evident in their choices, such as installing Neoshock flooring and top-tier equipment—choices not commonly made at the time.

This early iteration of their vision was not Equinox but a smaller gym that allowed them to test and perfect their concept. They took on a significant renovation of an existing gym and even attempted to maintain a pool, a decision Lavinia later considered a mistake due to the challenges it presented.

Overcoming Challenges During Equinox's Growth

Balancing Motherhood and Entrepreneurship

Lavinia's journey took a personal turn when she became pregnant during the early days of Equinox's growth. The pregnancy, which she described as unexpected, set the stage for a challenging period that tested her both personally and professionally. As a third partner in the business, she faced concerns over whether she could continue to "carry her weight."

Lavinia felt the push to ...

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Lavinia's entrepreneurial journey with Equinox

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Actionables

  • You can elevate your personal projects by incorporating high-quality elements that reflect your commitment to excellence, similar to how premium materials were used to enhance the gym's reputation. For instance, if you're passionate about photography, invest in a professional-grade camera and editing software to produce work that stands out for its quality, signaling your dedication to the craft.
  • Balance your personal and professional life by setting clear boundaries and creating a support system. If you're a parent juggling a career, establish a schedule that dedicates specific times for work and family, and don't hesitate to seek help from family, friends, or professional services to manage your responsibilities effectively.
  • Cultivate resili ...

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Equinox Cofounder Lavinia Errico on Practical Woo and Mourning a Success

Lavinia's personal growth and challenges

Lavinia's journey showcases the blend of her down-to-earth roots and her pursuit of spirituality and personal development, as well as her resilience in overcoming a profound identity crisis post-Equinox's successful exit.

Lavinia has embraced a "practical woo" approach, blending her grounded, Jersey girl sensibilities with an openness to spirituality and personal development.

Lavinia shares that while she maintains her grounded sensibilities as an Italian Jersey girl, she also values spiritual and personal development. She enjoys exploring various practices but remains selective, distinguishing between simply being a tourist in the spiritual domain and walking her own journey of growth. She describes surrounding herself with individuals who also value deeper conversations and connections, rather than the superficial discussions of materialistic lifestyles. Engaging with some of the best healers and innovators in the personal development field, Lavinia employs movement and breathwork as tools to manage her lifelong anxiety and maintain her positivity. She has found ways to uplift her mood with music, practices breathwork even while driving, and uses physical reminders like snapping an elastic band or pinching herself to stay anchored in the present moment. Early encounters with activities like astrology and attending a sweat lodge as a teen reinforced her passion for energy and connection, further validating her path in life.

Lavinia utilizes various practices like breathwork, movement, and self-awareness techniques to manage stress and maintain a positive mindset.

Those who know Lavinia recognize her background in dance and various movement certifications as part of her essence, utilizing these skills for vitality and self-awareness. Recognizing the power of these modalities in her own life, particularly during transitional periods, she uses these techniques to navigate through challenges and maintain a grounded yet spiritually-connected mindset.

Lavinia faced a period of profound identity crisis and depression following Equinox's successful exit, forcing her to confront deep-seated insecurities and redefine her sense of self.

Following the sale of Equinox, Lavinia experienced what her therapist called identity paralysis. The success she had been identified with suddenly no longer served as her anchor ...

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Lavinia's personal growth and challenges

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Counterarguments

  • While Lavinia's approach to blending spirituality with practicality is commendable, it's important to note that not all practical individuals may find spirituality relevant or beneficial. Some may argue that a purely secular approach to personal development can be equally effective.
  • The emphasis on deeper conversations and connections as inherently more valuable than discussions about materialistic lifestyles could be seen as dismissive of the interests and values of others who may find meaning and relevance in material achievements or enjoy them as part of their culture or identity.
  • The use of breathwork, movement, and self-awareness techniques for stress management is not universally effective; what works for Lavinia might not work for everyone. Some individuals may find these practices less helpful than other strategies, such as cognitive-behavioral therapy or medication.
  • The narrative of overcoming an identity crisis following a successful business exit may not resonate with everyone, part ...

Actionables

  • You can foster deeper connections by initiating a 'No Small Talk' dinner with friends, where each person brings a question that prompts meaningful discussion, such as "What's a challenge you've recently overcome?" This encourages everyone to share and engage on a more personal level, moving beyond surface-level conversations.
  • Start a daily 'Mindful Movement' routine by setting aside 10 minutes each morning to stretch or dance to music that resonates with you, using this time to connect with your body and present moment, rather than focusing on structured exercise or fitness goals.
  • Create a 'Purpose Journ ...

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Equinox Cofounder Lavinia Errico on Practical Woo and Mourning a Success

Lavinia's new venture MoveJoy and her mission to help women

Lavinia Errico's latest undertaking, MoveJoy, centers on aiding women over 50 in their pursuit of joy, self-love, and all-encompassing well-being through movement and mindfulness.

MoveJoy represents Lavinia's passion project and "ministry"

Lavinia Errico has rooted MoveJoy in her personal experiences and describes it as a passion project, her "ministry," and a continuation of her life's work rather than a mere legacy-building venture. Her established legacy from Equinox continues to thrive, and through MoveJoy, she aims to fill a void in the fitness market, particularly for a demographic that has been overlooked since the days of Richard Simmons, who famously reached out to the deconditioned market.

Lavinia believes she has a unique gift and calling to help women release emotional and physical suppression

Errico espouses a distinctive approach to well-being that a class participant has attested to as being extraordinarily impactful. She sees herself as possessing a special gift, one that modifies lives with an emphasis on aiding women aged 50 and above. Lavinia’s philosophy encompasses the understanding that emotional suppression and the physical manifestation of those emotions represent areas of health often neglected. Through MoveJoy, she aims to address this by helping women release suppressed emotions even while engaging in physical workouts.

Lavinia is dedicated to creating an inclusive, judgment-free approach to wellness that celebrates women's bodies

Errico believes that existing fitness models create feelings of shame and disgust rather than inspiration, especially among women navigating body changes during periods like menopause. She notes the negative impact that images of fit bodies on social media have on many women, potentially shaming rather than motivating them. In contrast, Lavinia champions a wellness approach grounded in body positivity, starting from a place of love and acceptance, with any physical changes being a product of self-love rather than self-reprobation.

Lavinia's personal experiences with financial mismanagement have informed her desire to educate and empower women

While the article does not give specific de ...

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Lavinia's new venture MoveJoy and her mission to help women

Additional Materials

Counterarguments

  • While MoveJoy's focus on women over 50 is commendable, it could be argued that wellness and fitness should be inclusive of all ages, and a program exclusively targeting one demographic might inadvertently contribute to age segregation in fitness.
  • The concept of a unique gift could be seen as subjective and potentially diminishes the collaborative efforts and expertise of other professionals in the wellness and fitness industry.
  • The emphasis on emotional and physical suppression might not resonate with all individuals, as some may not identify with these issues or may prefer more traditional fitness approaches.
  • The critique of existing fitness models as shaming could be seen as an overgeneralization, as there are diverse fitness programs that promote body positivity and mental well-being without inducing shame.
  • The idea that the fitness market for women over 50 has been overlooked might be challenged by pointing out existing programs that do cater to this demographic, though they may not be as widely recognized or ma ...

Actionables

  • You can start a wellness journal focusing on gratitude and body positivity, where you write daily affirmations about your body and track moments of joy and self-love. This practice encourages a positive mindset and helps you recognize and celebrate your body's capabilities, fostering a deeper sense of well-being.
  • Create a virtual book club with friends or community members over 50 to discuss literature that promotes financial literacy and empowerment. By sharing insights and experiences, you can collectively enhance your understanding of personal finances in a supportive, group setting.
  • Design a personal ...

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