All businesses must have the necessary funds to drive the cost of production and aid in increasing the overall gross revenues. However, if the overhead costs, which are the expenses required to keep the business running, exceed the regular amount, the business may...
No matter what gym you’re in, improving customer relationships is essential. The customers are the backbone of the industry, and they are also a vital part of your business. Not using the proper business skills to engage a customer will create a domino effect. A lack...
Finding the right financing options is a major challenge for gym businesses. Many small enterprises, including new gym startups, don’t yet have collateral. In some cases, their structure requires a flexible lending option. This is where short-term business loans come...
Confusion usually follows when discussing marketing and sales. Marketing and sales do differ, but they still work together hand in hand. Knowing the difference between sales and marketing will help your gym business form coherent teams that tackle your business issues...
Facebook Marketplace began as a place for users to buy and sell items similar to a garage sale. Since its introduction, Facebook Marketplace has gained popularity over the years. Since our world prefers online shopping over traditional stores, Facebook Marketplace has...
Veterans looking to launch their own brands should know about the Small Business Administration. President Dwight D. Eisenhower founded this agency in 1953. For decades, it’s helped countless aspiring entrepreneurs get their businesses off the ground, including...
Reposted from www.abcfinancial.com Every two interactions a member has with fitness staff in a given month results in one extra visit from that member the following month. It is essential to understand the correlation between employee turnover and member retention....
Owning a fitness center or gym can be a great investment and career choice as they can be very profitable in all economies. While a fitness center can be successful and profitable, it does count on sales and other efforts to drive enrollment and overall revenue. I...
People join fitness clubs for a large variety of reasons. From the power-walking elderly to recent mothers getting back in shape, the energetic athletes in the commercials make up a much smaller percentage of the total members than one might think. For these specialty...
