So you want to provide more for your members, your brand and ultimately, your bank account? Seminars, specialty classes and community events are great ways to accomplish this.
Earlier in this series, we explored topics like diversifying your revenue and making sure you’re saving time with automations. Today we talk about why accurate reporting is critical for the long-term success of your box.
Last week, we discussed seven ways you can use The Open to build a stronger community at your box. You can also use this exciting season to help your members grow as athletes and bring in some additional revenue. Here’s how.
Regardless of where your athletes fall in this spectrum, The Open is an awesome opportunity for your box to grow its community, your members to reach short and long-term goals and for you to net some extra money.
Whether you have 50 or 500 members, it doesn’t hurt to take a good look at the financial fitness of your box. Your idea of success may not be centered around high profits but the truth of the matter is if you’re not generating profits, you won’t be in business long.
This year, we set out to gain deeper insight into the financial success of affiliate gyms around the world. In a recent survey, we asked affiliate gym owners to share information about the performance of their box through a series of financial, operational and emotional questions. With over 400 affiliate gym owners responding, we were able to create the most detailed financial performance information that we’ve ever seen for our industry.
Since you’re busy, and the real value-add actions usually occur when you’re with your athletes, you need to find ways to spend less time doing tedious and recurring tasks. To help you figure out which tasks are wasting your time and how you can get away from them, we’ve created this list.
The holiday season is upon us and what better way to show appreciation to your staff, members and community than by gift-giving! There are many ways to show appreciation to trainers, members and your community.
One facet of operational excellence is diversifying your revenue streams. Diversification will help you prepare for changes in the industry and give you greater financial security.