Artwork
iconShare
 
Manage episode 480028500 series 2971228
Content provided by Tim Lyons and Randy Angsten, Tim Lyons, and Randy Angsten. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tim Lyons and Randy Angsten, Tim Lyons, and Randy Angsten or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

You might think you’re keeping a close eye on your gym’s profits — but what if hidden problems were draining thousands of dollars from your business every year without you even noticing?

In this episode, Tim and Randy uncover five silent killers that are quietly eating into gym profitability — and share why most owners don’t catch them until it’s too late.

These aren’t the obvious mistakes everyone talks about. Some of them are so small you’d never expect they could add up to thousands in lost profit. But they do — and fixing just one could completely change your bottom line.

If you’re ready to stop the slow leaks and finally put more money back into your business (and your pocket), you won’t want to miss this one.

Tune in and find out where the hidden traps are — and how to fix them fast.

Let’s dive in!

Key Takeaways:

  • Intro (00:00)
  • Profit Killer #1: Overstaffed times and empty hours (02:21)
  • Profit Killer #2: Grandfathered rates (05:22)
  • Profit Killer #3: Old software and unused subscriptions (08:43)
  • Profit Killer #4: Frozen memberships (10:14)
  • Profit Killer #5: Bad personal training splits (12:28)

Additional Resources:

- Schedule your SpringBoard call

- Apply to join The Iron Circle

- Check out our Switch to Semi-Private course

- Get 30 days of Semi-Private Pro on us!

- A tool for deciding on new gym services – 5-Question Matrix

- Tim's new book – Built to Win by Tim Lyons

- ProFit Accelerator: Helping Training Gyms Grow to 30K/month and Beyond Facebook group

---

If you haven't already, please rate and review the podcast on Apple Podcasts!

  continue reading

687 episodes