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Run a Profitable Gym

Latest episodes

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Feb 28, 2022 • 29min

The Next Level for Gym Owners: Two-Brain's Tinker Program

You've made it. Your business has survived a handful of years, you're not worried about the rent and you're making a comfortable living. What's next? It's time to level up again—it's time to become a Tinker. Two-Brain's Tinker mastermind program brings together successful gym owners who are taking that next step: making investments, expanding their assets, and growing their personal wealth. It's a non-competitive environment of learning and sharing that makes everyone better—faster. Two-Brain mentor Jeff Smith runs the Tinker program, and here, he chats with Chris Cooper about what it means to be a Tinker and how to get there.Links:Gym Owners UnitedReal Estate: The Secret to Wealth for Gym OwnersTimeline:1:20 – Going from Farmer to Tinker.6:49 – The value of imposter syndrome.11:21 – Lessons learned from the challenges of Farmer Phase.16:23 – How much time do you need to be a Tinker? 21:33 – How more gym owners are becoming millionaires faster.24:30 – The advantages of being in the Tinker mastermind group. 26:02 – Aspirations vs. action.
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Feb 24, 2022 • 6min

Frazzled and Frantic? Focus Skills Are the Answer

Today's the day you're gonna finally dig into Facebook ads manager. Definitely.  So you sit down and log in—but look! You've got five notifications! Better check those out. A few clicks later and you're lost in a sea of half-written messages, 11 new tabs, and a video about puppies.How on Earth do you get focused and actually DO all the things on your to-do list? Chris Cooper will tell you.Links:Gym Owners UnitedFree ToolsTimeline:00:24 – You don’t have ADD.1:10 – Pick your daily focus hour.2:39 – A walk through Mick’s focus hour.4:50 – Take the opportunity to practice focus.
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Feb 21, 2022 • 14min

When to Hire a GM (and What to Pay)

Your gym's been growing and the business is stable—and you're sick of wearing all the hats. That means it's time to hire a GM, right? Possibly. But probably not. If you're not strategic about when and how you hire a GM, you'll end up right back where you started: doing all the things anyway. But just because it's not time to roll out the red carpet for a GM quite yet doesn't mean you have to keep doing everything yourself. Here's Chris Cooper on exactly how to tell if you're ready to hire a GM, how to get there if you're not, and what to pay them when you are.Links:Gym Owners HandbookWomen In Fitness Business podcastGym Owners UnitedTimeline:00:54 – Climbing the value ladder before you hire a GM.3:28 – A GM’s job is to keep things the same.4:20 – The best coaches don’t necessarily make the best GMs.5:21 – How to compensate a GM.6:46 – When to hire a GM.11:45 – The biggest mistake gym owners make when hiring a GM.
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Feb 17, 2022 • 17min

What Do I Talk to My Gym Business Mentor About?

It's easy to see the value of a coach or mentor when you're neck-deep in problems. But mentorship is just as valuable—maybe even more—when you're further along your entrepreneurship journey.Once you've solved the critical emergency problems of your business, what a mentor provides is speed and clarity. A mentor connects you with the resources you need and helps you capitalize on opportunities faster without trial and error or mistakes.  "When the mistakes are done, that's when you need more mentorship." —Chris CooperLinks:Gym Owners UnitedTimeline:1:53 – Buying speed.4:36 – What’s bugging you right now?5:21 – Get focused on the most important thing.9:50 – Mentors as connectors.13:24 – Mentors get you out of your own head.
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Feb 14, 2022 • 26min

How a Business Mentor Helped Andrew Alvarado Improve His Gym

Andrew Alvarado was tired. He was ready to sell his gym to the bigger, flashier gym down the street and get a job in construction. But he decided to give one last Hail Mary and sign up for mentorship with Two-Brain Business—even though he couldn't afford it at the time. Within two months, he'd added $2,000 per month to his gym's bottom line. Today, he's selling high-value packages he'd never dreamed people would pay for, and even better—he no longer feels like he's slaving away at job with no end in sight.Here, Andrew joins Mike Warkentin to talk about why he took a chance on mentorship and how it's changed his business—and his life—for the better.Links:CrossFit Fairway Park"Help First"Free ToolsBook a CallGym Owners UnitedTimeline:1:10 – Learning what he was actually selling.2:40 – Mentorship: the final Hail Mary.5:31 – The moment Andrew knew mentorship was working.9:29 – Developing confidence in sales—and selling high-value services.12:58 – Making a plan for growth.14:22 – Setting higher prices with confidence.18:41 – Tracking leads and laying a new operations foundation. 20:31 – The magic of mentorship.23:45 – When it’s time to hit “go.”
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Feb 10, 2022 • 13min

Should You Rent a High-End Location for Your Gym?

Boutique downtown space or giant rustic warehouse—where should you set up shop?The answer depends on more than your aesthetic or even your marketing plan. It all depends on who your audience is and what you're selling them. Links:Gym Owners UnitedTimeline:1:57 – High-traffic, expensive retail locations: You’re selling convenience.3:59 – Pull up a chair for an old-fashioned stakeout.6:57 – Think about price per square foot—and how much that square foot can generate.9:17 – Difference in profit margin between high-value, low-volume and high-volume, low-value models.
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Feb 7, 2022 • 32min

$48,000 Monthly Revenue With 140 Members

Anders Gatti owns Gatti Training with his wife in Stockholm, Sweden. The gym has just 140 members, and in January, they pulled in nearly 50 grand in revenue — and that's without any paid advertising. Tune in to learn how Anders climbed the value ladder, slashed his work hours and made even more money.Links:Gatti TrainingFree ToolsGym Owners UnitedTimeline:1:26 – The who and what of Gatti Training.3:45 – Gatti Training’s revenue growth over time.8:26 – Finding high-value clients through affinity marketing.9:54 – How to get your clients to send referrals your way.12:00 – Mapping the client journey and improving retention after on-boarding.15:49 – Selling high-value packages.19:18 – Balancing growth with providing high-value service.21:40 – Talking profit margins.24:59 – Climbing the value ladder.26:34 – Ask your clients what they need.
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Feb 3, 2022 • 12min

Two-Brain Q&A: Free Stuff and One-on-One Mentorship

If you're familiar with Two-Brain Business but aren't yet part of the family, you might have some questions. "Why do you give away so much stuff for free—what's the catch?""I've heard of other business-coaching and mastermind programs; they usually work in groups. Why is your program one-on-one?"Two-Brain founder Chris Cooper's here with the answers to both those questions. Preview: It all comes down to helping gym owners solve more problems and make more money faster.Links:"Start A Gym: Everything You Need to Start and Scale a Fitness Business"Free ToolsGym Owners UnitedBook a Free CallContact: chris@twobrainbusiness.comTimeline:1:07 – Why Two-Brain gives so much stuff away for free.2:00 – Knowledge is not enough.2:56 – Why one-on-one?7:41 – The problem with group mentorship at the start-up level.
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Jan 31, 2022 • 38min

The Guy Who Bought 4 Gyms in 6 Months

Tyler Welch owns six gyms (four of which he bought in the last six months). Not all were profitable when he bought them—in fact, he prefers them not to be—but all were profitable within the first month. By his own admission, he's sort of a Tinker-Founder hybrid. Yes, he's collecting more and more businesses and expanding across multiple cities, but he's got his hands deep in each of them. Tune in to learn why—and how he replicates a successful model from one business to the next.Links:RxFit"Start A Gym: Everything You Need to Start and Scale a Fitness Business"Free ToolsGym Owners UnitedTimeline:00:39 – Why buy a gym instead of starting one? 2:31 – Tyler’s multiple-gym mission.4:08 – Staffing and management structure across the six gyms.8:01 – How he scaled so quickly.10:31 – Why Tyler prefers to buy unprofitable gyms.11:56 – What happens to the existing staff members? 13:55 – Migrating his playbook and policies to the new gym.15:27 – Bro deals, free memberships and other problems that come with purchase. 17:34 – Retention after the takeover. 18:39 – Making the gym profitable in Month 1. 20:24 – Looking to the long term.22:09 – When is it the right time to buy? 24:21 – How Two-Brain helped.26:24 – Lessons in negotiation. 31:52 – How to replicate processes in the new gym.
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Jan 27, 2022 • 12min

Creating Time for Growth at Each Stage of Business

To move closer to wealth, you need to work on your business, not just in it. But who has time for that? You do.Or you will—after you listen to this podcast. Here's Coop on how to make the time to take your business to the next level, regardless of which phase of entrepreneurship you're in.Links:"Start A Gym: Everything You Need to Start and Scale a Fitness Business"Gym Owners UnitedTimeline:1:42 – Making time in Founder Phase.4:57 – Making time in Farmer Phase.6:23 – Making time in Tinker Phase.8:51 – Making time in Thief Phase.

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