If you are the owner of a fitness business, chances are good that you are making some mistakes in the way that you invest in your business. It is common for owners of fitness businesses to concentrate on such things as the latest fitness machines, the demographics of their clients, how long your training classes are and things such as this.
But, I still to this day have to have a struggling business owner call me and ask me, "Hey I'm not making payroll. What's the frequency that you replace your fitness equipment and will that help me get more people in the door and turn a profit so I can take a salary this month?" Now I'm just being playful here, but I would much rather run a report across the industry to ask what I believe is more relevant if we are going to get to the heart of why so many fitness business owners are struggling to make ends meet, take a salary or breakthrough to a new level.
For example, we need to ask questions like how much you spend yearly on business coaching. Are you participating in a mastermind group that will help you run your business more efficiently? Have you bought some systems that will make your marketing efforts easier and more effective than they currently are?
How many additional revenue streams does your business have and what are they? I believe if we could analyze these questions and numbers we would see more of the issue of what is holding back the majority of fitness business owners from generating a profit. Let's look under the hood of your business by asking the tough questions.
So many fitness pros think that it is all about the kind of machines you have in your business or the kinds of classes that you are offering. But while those things are important, they are not what is going to help you to have a better business.
The solution is to gain the knowledge and skills that will make you a better business owner. You need marketing and leadership skills. Start now to learn about what it takes to be a great business owner, and watch the rest take care of itself!
But, I still to this day have to have a struggling business owner call me and ask me, "Hey I'm not making payroll. What's the frequency that you replace your fitness equipment and will that help me get more people in the door and turn a profit so I can take a salary this month?" Now I'm just being playful here, but I would much rather run a report across the industry to ask what I believe is more relevant if we are going to get to the heart of why so many fitness business owners are struggling to make ends meet, take a salary or breakthrough to a new level.
For example, we need to ask questions like how much you spend yearly on business coaching. Are you participating in a mastermind group that will help you run your business more efficiently? Have you bought some systems that will make your marketing efforts easier and more effective than they currently are?
How many additional revenue streams does your business have and what are they? I believe if we could analyze these questions and numbers we would see more of the issue of what is holding back the majority of fitness business owners from generating a profit. Let's look under the hood of your business by asking the tough questions.
So many fitness pros think that it is all about the kind of machines you have in your business or the kinds of classes that you are offering. But while those things are important, they are not what is going to help you to have a better business.
The solution is to gain the knowledge and skills that will make you a better business owner. You need marketing and leadership skills. Start now to learn about what it takes to be a great business owner, and watch the rest take care of itself!
About the Author:
Author Vito La Fata is a coach who is an expert in the field of how to own a business. If you would like to know more about passive revenue streams, visit his site for more information.
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