Transform Your Gym Business - Join Jim Thomas Every Tuesday at 2pm CT for Fast, Quick, Easy, and Friendly Insights on Gym Funding. Dear Gym Owners and Entrepreneurs, In the fast-paced world of fitness, where sweat and dedication meet the ever-evolving business...
Are you passionate about launching your own gym but held back by the financial constraints that often accompany startup ventures? The good news is that the fitness industry is evolving, and access to gym funding has never been more accessible. Whether you're a...
What is a POS Purchase? Point-of-sale, or POS, refers to the moment a customer purchases your product. A point-of-sale purchase is any transaction. "Point" refers to a location. The point-of-sale is the transaction event itself, while the point of purchase refers to...
Being an entrepreneur is challenging, and one of the biggest hurdles is getting the financing needed to start a business. The best small business loans can give entrepreneurs the funds to start a company, but approval isn’t always easy. Some entrepreneurs consider...
Answers to gym business loan FAQs. Gym business loans can be easier to obtain than you might think. Whether banks are the best option for obtaining a gym business loan depends on your gym business’s circumstances. Interest rates are only the start of the...
Term loan Similar to traditional bank style financing. A Term Loan is a set amount that a borrower pays back at a fixed amount. The common uses for these types of loans are business expansion, working capital and equipment purchases. Benefits of a Term loan Interest...
It's a common misconception that the key to boosting gym membership lies solely in asking members for referrals. While referrals are undoubtedly valuable, a more effective approach is to focus on creating an environment where members naturally invite their friends to...
The fitness industry is more crowded than ever. To thrive, you need to carve a unique niche. Here are five key areas to focus on to differentiate your gym and attract a loyal clientele. 1. Hyper-Personalized Member Experience Generic fitness plans and...
As a seasoned gym business consultant, I've had the privilege of working with countless gym owners, from small boutique studios to larger fitness centers. One recurring theme is the valuable lessons learned along the way. If given the chance to start over, many gym...
The allure of owning a gym without the daily grind is enticing. But let's be clear: being an absentee owner isn't about shirking responsibility; it's about strategic delegation and systems building. Key Components for Absentee Ownership Success: A Rock-Solid Team:...
You've poured your heart and soul into building your gym or studio. It's more than just a business; it's your passion project. But as the fitness industry evolves, so too must your strategy. The question is: do you double down on growth or explore the possibility of...
Listen up, gym gladiators! We all know the passion and dedication it takes to run a successful fitness business. But let's face it, even the most inspiring workout routines can't overcome a lack of financial flexibility. Especially for pre-revenue startups or those...
Let's face it, the fitness industry is competitive. You've got the big box gyms, the boutique studios, and a sea of personal trainers vying for the attention (and wallets) of your target audience. But what if I told you there were hidden revenue streams waiting to be...
Independent gym owners and trainers, listen up! You've built a fantastic fitness space, but are you maximizing its potential? Today, we're diving into three revenue-generating powerhouses: sublets, sponsorships, and advertising. Buckle up and get ready to transform...
Independent gym owners, studio bosses, and personal trainers – you wear many hats. But building your team, a dream team, can elevate your fitness haven to new heights. Forget just resumes; we're looking for individuals who embody four key traits: adaptability,...
