Many gym owners aren’t very sure about the health of their business. They don’t know if it is doing well enough to provide them with the financial freedom they want.
A healthy fitness business has a high-profit margin that is consistent. The question that comes up is how do you force this profitability in your business?
You do so through a profit-first model that sets aside your profit before any expenses.
In this model, revenue - profit = expenses.
Tune in to learn all about this interesting model and how you can implement it in your gym.
Key Takeaways
- The Profit first model for fitness businesses (05:39)
- Expenses will always grow to meet revenue (07:58)
- How to force profitability (09:25)
- Managing operating expenses (15:08)
- The cool thing about fitness businesses (17:37)
Additional Resources
- Learn more about our Business Accelerator Coaching Program for gym owners
- Business Talk with Fitness Professionals Facebook group
Learn more about The Iron Circle
