1. EachPod

Are You 50% of The Way There

Author
Tim Lyons and Randy Angsten
Published
Thu 11 Jul 2024
Episode Link
https://redcircle.com/shows/7cff73b9-7626-446a-b85d-583e764e2573/episodes/439c40e0-4bb1-4a95-bb9e-f2788b66a5c7

It's July! This is a crucial time to take stock. Have you achieved 50% of the goals you set for your gym in January? Are you on pace to hit your targets? 

If not, where are you falling short, and what adjustments can you make to get back on track?

If you haven't been tracking your gym's performance, now's the wake-up call you need. Without goals and data, success becomes entirely random.

Data allows you to adjust your strategy mid-year. Maybe a marketing campaign needs a refresh, or perhaps it's time to introduce a new pricing structure.

Remember, this is about your livelihood. Your gym likely supports your family and your lifestyle. Take control and ensure your hard work translates into success.

In this episode, Tim and Randy remind you to check your numbers and if you're not happy with them, course-correct and make the rest of the year a true success story. 

Key Takeaways:

  • Intro (00:00)
  • Setting financial goals based on lifestyle (01:32)
  • Importance of real-time revenue tracking (02:49)
  • Sustainable growth vs. desperation marketing (10:11)
  • Misleading marketing in the fitness industry (13:33)
  • Financial literacy and understanding profit margins (17:23)

Additional Resources:

- Win an InBody 380 body composition scanner 

- Join the waitlist for tickets to the 2024 FitPro Growth Summit

- ProFit Accelerator: Helping Training Gyms Grow to 30K/month and Beyond Facebook group

- An app designed for semi private training - Semi Private Pro

- Business Accelerator Program winninggym.com/call

- Learn more about The Iron Circle 

- Jump on a call with Randy

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