How owning a gym became a retirement portfolio

Welcome to our newest gym owner business profile. Offered up once a month, these profiles are created to share ideas and challenges between gym owners. Each privately owned gym fuels from a unique set of circumstances. Hopefully, you will find inspiration in their experiences.  Gym owner profile: MorGainz Fitness, Pennsylvania It started as a retirement plan. After careers in nursing and police work, Kelly and David Morgan were ready to switch tracks. Always total gym people, they dusted off a business plan written for a college nursing course, and decided to fix a problem. Their small Richland, PA, community did [...]

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Know Your Gym’s Mission Pt. 3

It's not just about what you think the identity of your gym or fitness center should be. It's more than that. It matters what all of the other people think: the employees, contractors and other stakeholders. The way to guide their understanding is by having a clearly stated, present-focused, mission statement. This is another in the set of articles I've been writing about values, vision and your mission. The overarching theme here is getting your business to work as smoothly as possible and for this trifecta to become a shared idea. My exact point here, is to have a statement [...]

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Know Your Gym’s Mission Pt. 2

Who Are You? Where You Are Going & The Vision Thing This is a follow-up to the article about the key values that you need to consider in regard to your customers. There are three things which customers value most, in my experience, that I elaborated in the first article of this topic. Beyond that, you will need to decide on your own list of values, because only you know the reason that you got into the gym ownership business in the first place. Likewise, only you can decide on the vision for your organization. The vision statement of your organization sets out [...]

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Know Your Gym’s Mission

Who Are You? A Foundation of Values You know in your heart why you founded a gym and what you want to achieve with it. But as a small business owner, your success depends on the support, hard work and cooperation of all the people who are part of your organization. Your employees need to know why they are doing their jobs and be able to see a road map to find their way on the journey. Once you start to build your business, you may still be the one in control but your entire organization needs to have an [...]

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The Insights Of Bruce Lee

It is not a daily increase, but a daily decrease. Hack away at the inessential. This quote from martial arts legend Bruce Lee is so simple, yet it says so much of what success is all about, in gym ownership, in business and life in general. You can spend hours doing little things or find the big things that matter; they may look the same at first. But when all the other things drop away you can still take the essential factors and use them to achieve the final outcomes you desire. This is what sculptors do when they carve [...]

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How Your Gym Benefits From a Great Preventative Maintenance Plan

Sometimes the simple stuff is not so simple. Gym equipment is like that. Strength machines and treadmills – weights and rubber decking, right? What can go wrong? Well, in fact, a lot. As any veteran gym owner knows, cables snap and treadmills smoke. Never a good scene. Yet, avoiding such mini disasters is as simple as investing in a preventative maintenance service plan for your commercial gym equipment.   To better understand this concept, we turned to Dave Pirri, owner of Fit Service, a New York-based gym equipment sales and service company established in 2004. We asked him to discuss preventative maintenance. Pirri [...]

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Four Tasks When Starting a Gym

Starting a gym can be complicated. Instinctively, launching a health club seems simple: equipment + passion = success, right? True, but gyms also involve people, liability, capital investments, promotions, regulations, and expenses. Juggling all this is where success is achieved.  The following blog is a short overview of four of the most significant responsibilities affecting your new company. Below the blog, we’ve included helpful links for research and assistance.   Four tasks every gym owner faces: Insurance coverageCapital equipment purchasesMarketing expensesEmployee management  1.    Required insurance coverage: General liability Commercial propertyProfessional liabilityWorkers’ Comp Although the cost of insurance varies widely based on the size [...]

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Six Tips For Finding the Best Gym Location

If you’re ready to own a gym, it’s time to think about the best location. You'll be wise to research this one carefully as it can have a big impact on your long-term success.  Here are some key ideas to help in landing the perfect spot to launch your new business. 1. Start the search for commercial space on the Internet LoopNet.com is a commercial real estate marketplace that allows you to identify available space easily and effectively. Whether you’re interested in leasing or buying space, this national aggregate for available commercial space allows you to narrow your search by neighborhood, [...]

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Start a gym in 2022!

Are You Ready to Start a Gym?

You’ve got the energy, ideas, and passion for your sport. But what about some solid facts about how to open your own club? This June, we’re going to help you learn what it takes to start a gym. Each week, we will cover an important step to your successful new business launch and provide some common sense advice from established gym owners.  First, do you have a business plan?  Why do I need a business plan? Too many small business owners open their first fitness center without creating a strong plan of action. A business plan is a written guideline [...]

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gym members

Why Now May Be the Right Time to Raise Gym Fees

Gym Management Have you considered raising your gym membership rates yet? It’s a scary thought but the truth is inflation is running hot with no signs of cooling off. As a gym owner, you get the big picture: higher fuel prices, limited labor market, and costly commodities. This all adds up to less cash in the bank.  And, even though you didn’t start a gym to make a fortune, that buffer between income and expenses — aka your profit margin — is the foundation of a well-run business. Profit is where growth, reinvestment, and risk-taking occur.  In order to keep [...]

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How Gym Memberships for College Students are a Win-Win for Health Clubs

Growth This summer, drive gym membership for college students by offering them a great deal on your awesome club. Last year, we wrote a blog urging gym owners to reach out to cooped-up college students tired of learning online and alone. Your gym would become their oasis – a place to meet friends, expend some energy, and prepare for a new year on campus. A refuge from a rough, COVID-crazy year. This year, the kids are back home for the summer and ready to hit an exercise class or two. Let’s look at some reasons it’s the perfect time to target this [...]

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Gym Insight's Digital Keytags

Gym Insight Customers Talk Digital Keytags

Customer Stories Gym Insight's digital keytags fixes a big problem in the gym business — access theft.  This innovative door access system reduces theft by making it nearly impossible for members to share gym keys. Read on to discover how this simple change made a big difference for gym owners just like you. Photo credit: Tangible Wellness ProFitness Greenville Mark Edwards, owner of ProFitness Greenville in Greenville, South Carolina, runs a gym and personal training studio. He is, as he likes to say, a “one-man show.” Despite having bought the fitness center at the end of 2020, business is thriving. Gym membership has tripled [...]

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How Digital Keytags Stop Gym Members from Sharing Access to Your Club!

Gym Management  Netflix recently made headlines when it came clean on its subscription sharing problem. Too many users are slipping passwords to friends and family. To rectify this bottom-line problem, they are pivoting to new policies and trying to stem the leak. However, if sharing passwords can make a company the size of Netflix quake, imagine its impact on small, privately held gyms.  For gym owners, the answer to account sharing lies in digital keytags, a QR-embedded phone app nimble enough to save money and build customer loyalty.  Gym Insight’s digital keytags eliminate unauthorized users by providing a dynamic QR code [...]

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Las Vegas Athletic Club Versus Life Time Athletic

There's no time like the present to prepare for storms on the horizon. I'm reminded about this because one of the big boys has just arrived in town in a big way. The launch of Life Time Athletic into the local Las Vegas market has been a wake-up call, announced with all of the glitz and fanfare people expect of this town. I would like to use it as an example of how established local gyms can respond effectively to big-box corporate competition. The Las Vegas Athletic Club Value Proposition When the big national or multi-national brands move in, you [...]

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Digital Keytags — Ready for Our Most Advanced Gym Access System? 

We invite you to test our newest product – digital keytags. If you've ever worried about customers sharing keys or have lost business because you can't get to the club in time, this key is for you. Gym Insight's newly released, app-based digital keytags are equipped with a QR code that can never be copied or shared. At the same time, members enjoy immediate, secure mobile access to your fitness center within minutes of sign-up. How does our digital keytag work? Customers download an app on their mobile phones. Embedded in the app is the digital keytag. Your member simply pulls [...]

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