Reoccurring monthly revenue is one of the best things about a fitness business, especially when you build it up to a number much higher than your base operating expenses.
When you are at this point, your life changes. You don’t have to worry about covering upcoming expenses. You just focus on growth.
This is actually the ethos of the Business Accelerator Coaching Program for Gym Owners.
Unfortunately, not many gym owners are in this position. Some are living paycheck to paycheck in their business, constantly worrying if they’ll be able to meet their monthly base expenses. They are essentially coming from behind every month.
This is very tough and causes a lot of stress to these gym owners as they have to make extra sales to keep the lights on every month.
For 2023, Tim and Randy want your only goal to be growing your gym business to a point where before even the month starts, you know that you have the revenue coming in to cover ALL your monthly expenses without having to make extra sales.
Here’s how to do it….
Key Takeaways
- The best thing about a fitness business (01:17)
- The stress of living paycheck to paycheck (03:07)
- How to get clarity on your vision (04:05)
- Increase your retention to increase your reoccurring revenue (05:31)
- The cash flow game (08:55)
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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