Run a Profitable Gym Million-Dollar Mistakes: The True Cost of Inaction for Gym Owners
Tired of watching small mistakes drain your gym's profits? Here's how to stop paying the “dumb tax” once and for all.
In this episode of “Run a Profitable Gym,” Chris Cooper explains how seemingly small business mistakes compound into million-dollar losses over time. More importantly, he tells you how to stop making these gym-sinking errors.
Coop presents three types of mistakes that destroy gym profitability:
- Compounding problems get worse over time. Example: hiring without proper training systems.
- Delaying problems punish you for procrastinating. Example: avoiding necessary price increases.
- Mounting problems are fueled by the increasing momentum of repeated errors. Example: dumping more members into a gym with a broken pricing model.
Chris also gets brutally honest about his own expensive mistakes as a gym owner, and he calculates the real cost of inaction and poor systems so you can see how errors affect P&L statements.
Tune in for the full breakdown and then take action before profit-killing mistakes put you on the path to bankruptcy.
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Gym Owners United
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0:01 - Intro
1:39 - Compounding problems
7:59 - Delaying problems
11:43 - Mounting problems
14:58 - What’s the cost of change?