Gym owners can take control of their businesses with a simple tool: the profit and loss statement (P&L).
In this episode of “Run a Profitable Gym,” Two-Brain founder Chris Cooper explains how to master a P&L to improve retention, increase revenue and grow your gym.
Sharing examples from his own gym, Catalyst, Chris walks you through metrics tracking and expense auditing in a spreadsheet tailored to a coaching gym.
He shows you how to uncover hidden opportunities to improve profitability—whether by raising rates or improving your return on investments in staff—and run “what if” scenarios to predict the results of critical decisions.
Tune in to learn how to use a P&L to avoid financial surprises, make data-driven decisions and plan for your gym’s future with confidence.
To get a copy of the model P&L, join Gym Owners United using the link below and send Chris a DM.
Links
Gym Owners United
Book a Call
01:59 - Profit and loss statement
04:28 - Key metrics to track
08:46 - Breaking down expenses
16:28 - Running “what if” scenarios
19:59 - Taking control
