In business, it is often said, “It’s always about the money”. And many of us are also familiar with the slogan that it “takes money to make money”...whether the money is personal capital, shareholder equity, or borrowed funds.
The credit industry has changed over the years and borrowing money is far less intimidating than it used to be.
Running a gym means being pulled in a lot of different directions. You’re teaching classes, managing vendors, maintaining your staff, tracking data, and constantly trying to think of new ways to bring in more clients and grow your business.
Sometimes it’s exhausting and you just want a little help. That’s where automation comes in.
With the rise of celebrity trainers and well known independent personal trainers releasing apps that engage and motivate members 24/7, often promising complete physical transformations in just 3 months, are you missing a trick by not offering virtual training options or a hybrid of face-to-face and virtual classes?
Reserve with Google is an exciting tool that will help you dominate your industry! With this functionality on your side, your business will stand out on sites like Google Search, Google Maps, and the Reserve with Google website. It’s important to note that Reserve with Google will not work without a Google My Business Listing, however.
Do you only trade dollars for hours worked? Geralyn Coopersmith of Coopersmith Consulting LLC, recently was quoted in Club Industry’s 2019 report stating, “almost every trainer needs to have some other ancillary revenue stream where they are not trading time for money.”
The information age and evolution of the internet has allowed many people to make a living more passively.
Despite the potential revenue that can be generated from secondary spend on products such as personal training, vending, supplements, merchandise and specialist classes, most clubs, and studios fall short of maximizing the opportunity.
The selection of good gym management software is a critical part of setting up your club, but for most owners, acquiring the right software can be an enormous pain point.
You can search the internet, go to the software recommendation sites and ask other clubs, but getting the program that specifically works for you can be a nightmare...unless you know what you are looking for and what features you require before you start.
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.
• Trainer, Manager or Owner • Beginner or Veteran • 500-10,000 sq.ft.