If you have opened a new gym, you must know that it is, after all, a new business. So you should be prepared to run and develop that business as a business. To do so, you must acquire knowledge about the fitness business industry, and also be aware of the pitfalls of why new gyms fail so you can be sure to avoid them. In my opinion, here are the top 10 reasons why new gyms fail... #1 - No proper business plan No business plan can be fatal to your new gym. Before starting a gym know: Successful gyms watch finances, [...]
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There are many advantages to buying used fitness equipment. Used or previously owned commercial fitness equipment can be purchased for less than one-third the cost of new gym equipment. Since most gym equipment is made up of easily replaceable parts and rarely breaks, there is little risk for owners. Most importantly, new health clubs can pay off used equipment faster, making it easier for their businesses to quickly reach profitability. Every gym member uses some type of exercise equipment Previous posts, like “To Buy or To Lease Gym Equipment? That is the question…” and “Top Ten Ways to Save Money When Opening a [...]
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Experienced trainers and observant readers may have noticed by this point in the exercise series that each movement we've covered so far is one of the "big 6" exercises that target major muscle groups over the entire body. Each of these exercises in turn can be classified as a "push" or "pull" in their simplest forms. In the bench press, for example, you "push" the bar upward and away from your chest. With the barbell row, you bend over and "pull" the bar toward your chest. So, you can imagine by the names "pull-up" and "pull-down," we will be dealing [...]
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Gym equipment is the biggest class of capital assets (and possibly of hassles too) you'll have to deal with when you're starting your own gym. Whether you run a small gym or a national franchise location, there are some things that must be addressed with enough quality to make your investment worthwhile. Once you have the equipment in place you need to ensure that it stays in working order for as long as you need it. Gym equipment is the bread and butter of your enterprise. It may be more or less important, depending on the type of gym you [...]
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