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Gym Equipment Leasing – It Takes Options To Make Options

I last wrote about leasing one year ago and, as it’s such an important issue, I decided that it’s time once again. Leasing should be something that every gym owner is aware of as an ownership alternative. In fact I want to make the claim that gym equipment leasing is part of something that I think is much bigger, even a mindset. It’s all part of creating your own options and being able to respond to changing situations with flexibility and agility. Your overhead and capital outlays can really be tough to meet in any business. Gym specific items such [...]

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Top 10 Reasons Why New Gyms Fail

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 for 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, you should be [...]

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To Buy or To Lease Gym Equipment? That is the question…

In deciding whether to buy or lease exercise equipment for your gym, you need to consider your situation.  There are pros and cons to both approaches, depending on the amount of capital you have available and your tax situation. Regular Equipment Replacement One of the biggest benefits to leasing, apart from the obvious lower amount of capital outlay required, is that you can change out your equipment every few years.  Having brand new equipment is definitely a plus when it comes to customer satisfaction, and they'll think you've spent a fortune.  You should have lower maintenance costs and less equipment [...]

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