Behind Gym Doors | A Fitness Business Podcast 273: The 10 Most Common Financial Mistakes Fitness Business Owners Make (So You Don’t Have to Make Them Too)
Sep 14, 2023
John Briggs, CEO & Founder of Incite Tax, discusses the 10 most common financial mistakes gym owners make. Topics include understanding cash flow, maximizing current space, hiring the right people, inefficient inventory management, and creating a plan for wealth creation outside the business.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Introduction
00:00 • 2min
Understanding Cash Flow and its Significance for Businesses
02:08 • 2min
Common Financial Mistakes of Gym Owners
03:58 • 11min
Discussion on Hiring the Right People and Inefficient Inventory Management in Gyms
15:23 • 3min
The Importance of Consistent and Accurate Financial Transactions
18:04 • 11min
Creating a Plan for Wealth Creation Outside Your Business
28:46 • 3min