Your Fitness Money Coach Podcast - Helping Gym Owners Build Profitable Businesses Profit vs. Cash Flow—Why Gym Owners Need Both to Succeed!
#239: In this episode, we dive into the crucial relationship between profit and cash flow for gym owners. As a financial coach and fractional CFO, I share insights on why understanding and managing both aspects is critical for long-term success. Whether you're struggling with cash flow or looking to enhance your profit margins, this episode is packed with valuable tips and strategies you can implement right away.
What You'll Learn:
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The critical differences between profit and cash flow and why both matter
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Tips for managing expenses effectively to improve cash flow
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Ways to implement tiered membership models for increased revenue
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Utilizing membership freezes or holds to maintain engagement and revenue
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The benefits of encouraging clients to use high-automation payment methods
Resources Mentioned:
Connect with Billy:
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