During turbulent times like these, there are opportunities that you can take advantage of. Things like the stock market offer a great chance to invest when the stocks are low. But as a gym owner, you may feel like this situation has handcuffed you. You've been forced to close the gym and aren't allowed to reopen yet. However, there are numerous opportunities outside of your daily routine.
Being an opportunist means you are always ready to see opportunities even in a difficult situation. As gym owners, we should not just sit there in our box and wait, because these opportunities are only there for a certain period of time. You should grab any opportunity to grow your business or make some money. There was an opportunity to make as much as 3000% returns on the stock market during this time. In our case, we took advantage of some stocks that are now doing well.
When an outside of the box opportunity presents itself, you have to take action quickly. You may be wrong, and all opportunities come with some risk, but as an investor, you must be prepared to take risks.
One area we are looking at is real estate. We are looking at buying land and putting up a shopping center and getting the gym in there and lease the other spaces. Even though it’s a big risk, this is a big opportunity.
Listen in to this episode and learn how gym owners can take advantage of some opportunities that will be opening up in the next few months.
Key Takeaways
Additional Resources:
--
If you are interested in a free audit for your gym, visit http://bit.ly/free_gym_audit
--
You can find out more about Tim and the strategies covered in this episode by checking out our website.
--
Would you rather watch the video version instead?
Head over to our YouTube channel to watch this episode by going here
--
If you don’t already have my book, get your copy FREE here.
--
Connect with Tim:
Connect with Randy:
--
Subscribe to the podcast on Apple, Spotify, Google, Stitcher, YouTube or anywhere else you listen to your podcasts.
If you haven't already, please rate and review the podcast on Apple Podcasts!
