Many gym owners are on the search for the next big thing that will massively change their business. They are looking for a big marketing campaign or the next big challenge that will massively transform their business.
But this is not usually the case. Small changes in how you run your business will make all the difference. These little things have the greatest opportunity to stabilize your business.
And there’s no better place to start than at your financials. At the core of a lot of gym owner stress is managing cash flow and paying all your bills as they become due.
In this episode, Tim and Randy share some simple tweaks that will make a big difference in your cash flow cycles and greatly lower your stress.
Tune in
Key Takeaways
- Shift to twice-a-month payrolls (02:58)
- Weekly vs. monthly billings (06:00)
- Stabilize your business (08:19)
- How to reduce financial stresses (10:13)
- It’s the small things that make the difference (15:20)
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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