One of the more difficult challenges of managing a fitness business is knowing the many available financial solutions out there and which ones are best for you and your business.
Obtaining the most optimal financing for your fitness business may result in thousands to tens of thousands of dollars in savings.
There is a ton of data about your business that you can track. With so much information available, how does a gym owner keep track of everything? The good news is you don’t have to. You can focus on a few types of metrics that offer good insight into the overall health of your business.
Here are the top three types of reporting metrics you should track at your gym.
Starting your own business often feels like you are fighting the good fight. C.S. Lewis referred to this as a difficult “transition from the dreaming aspiration to laborious doing.”
We are enchanted with the idea of owning our own businesses, but then must buckle down to really learn business and produce a viable result.
How are you using data to make useful changes to client habits? The single biggest mistake I see fitness experts make when it comes to technology is using the data to tell the past, not drive future wellness decisions.
Finance professionals have a great term for this, a sunk cost. A sunk cost is money that has already been spent and cannot be recovered.
Technology continues to break boundaries in the fitness industry, not just for the consumer but also for the studio operators and personal trainers running businesses in this competitive sector.
Despite the many benefits of taking a business online, some studios are still reliant on paper-based systems to deliver core member services, such as assessments and workout subscription.
If you’ve been keeping your finger on the pulse of recent marketing trends, you may have heard someone proclaim the death of email marketing. While the rumors of its demise may be greatly exaggerated, one thing is certainly true: if you’re limiting your channels of communication, you’re limiting engagement from leads.
More and more businesses are turning to texting as a way to improve conversion.
Increasing revenue is a constant business goal for every gym owner. When sales are slow, there are strategies that you can use to get your clients back in the buying mood.
One of those strategies is discounting your products and services.
When I first stepped off a flying trapeze platform at San Francisco’s Circus Center in 2001, I had no idea where that leap of faith would take me. I’ve now created a hybrid circus-inspired fitness concept (Cirque-It Fitness), co-invented and patented a trapeze bar, and educated dozens of fitness professionals across the country.
Looking back, I see the flying trapeze taught me lessons that have helped to propel me forward.
You may currently be an employee and are afraid to go out on your own and live out your entrepreneurial spirit. You may be avoiding it because you are afraid you will lose retirement options, insurance, benefits, etc.
We see this all the time and it is, of course, a legitimate concern and tough decision.
Thank you to Zac Palmer for taking the time to answer some questions from AFS!
In this featured spot, Zac shares his insight about his company differentiators and how with the help of SportsArt, created a new way for members to identify with something outside of conventional fitness metrics, get them outside of themselves, and see how they can actually be contributing back to the community as a whole.
• Trainer, Manager or Owner • Beginner or Veteran • 500-10,000 sq.ft.