Million-Dollar Mistakes: The True Cost of Inaction for Gym Owners
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Million-Dollar Mistakes: The True Cost of Inaction for Gym Owners
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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.
Links
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?