The exit plan of an independently owned gym business is seldom a big windfall of cash.
There we said it.
It might come as a surprise to you, but the gym business is not a cashout type of business. There will be a few cases here and there, but this is not something you can bank on for your retirement.
Most of the people who are successful in this business understand that a gym is a cash flow business.
This means that you create enough cash flows in your business to cover the base operating expenses, then have some excess which you can reinvest in other areas to build wealth.
How do you ensure your business is generating excess cash flow?
Tune in to find out!
Key Takeaways
- Gym business is a cash flow play (02:37)
- What’s your game plan as a gym owner (04:44)
- Knowing the end goal of your business (07:51)
- Systematize your business (13:11)
- Make your recurring revenue greater than base expenses (15:43)
Additional Resources
- Learn more about our Business Accelerator Coaching Program for Gym Owners
- Grab your tickets for the 2023 FitPro Growth Summit
- Learn more about The Iron Circle
- Business Talk with Fitness Professionals Facebook group
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