Our Gym Insight Sales Guru© software is changing for the better this season as we unveil our newest version of Insight. Soon, users will have the choice to create a membership that will auto add a scheduled payment to the new account. This will eliminate common mistakes made from entering a yearly enhancement fee by hand after the sale is complete. Enhancement fees, sometimes also called maintenance fees, often act as a financial buffer for owners, providing that extra cushion needed between rock-bottom pricing and a well-managed gym. The money has to come from somewhere, right? But adding those annual [...]
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This is a question all new gym owners ask themselves. In the last month, we’ve brought you expert answers to many questions about the actual leasing process – conversations to have before signing your gym lease, how to find property, and the details behind specific leases – Triple Net and Full Service Leases. Now it’s time to decide if it is in your best interest to rent a location or buy that real estate. To explore this topic, we turned to Kelly Morgan, owner of MorGainz Fitness, a four-location Pennsylvania enterprise. Morgan and her husband David leased their first and second gym locations, starting in 2012, [...]
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Previously in the Exercise Series, we have covered major weightlifting movements such as the deadlift and bench press. Today, we'll be looking in detail at a lesser-known exercise known as the kettlebell swing. This is another highly effective and beneficial exercise that requires excellent form to avoid injuries. As a gym owner, you can learn the essentials of this exercise to make sure you're providing your clientele a safe and encouraging environment in which to do their kettlebell swings. Benefits Major proponents of kettlebells are often amazed at how little the average exerciser knows about kettlebell workouts in general. Kettlebells [...]
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Beating Functional Obsolescence Gym ownership is actually a pretty dynamic business, in case you didn't already know that (you're welcome). Rapidly changing trends mean that you always have to be on the lookout for a shift in what the membership expects. On a more basic level you need to reinvest to protect your assets, as they say. You can't have old, broken-down exercise machines that just take up space. You can't afford to have shabby signage outside with burnt out lights or missing letters. That is why, as a gym owner who sees other gym operations all the time, I'm [...]
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