I’ve been involved in the gym business for a long time. I’ve worked with successful gyms, struggling gyms, startups, acquisitions, and clubs that were on the verge of closing their doors.
And if there’s one thing I’ve learned, it’s this: Adversity may be the number one reason gyms fail. Now, you might be thinking, “Wait a minute. Don’t gyms fail because they run out of money? Don’t they fail because they can’t generate enough members, can’t cover payroll, or can’t compete with the club down the street?” Sure they do. But I would argue that, in many cases, those are symptoms of a much bigger problem.
The real issue is how the owner handles adversity when those challenges show up. Because here’s something I can promise you: If you own a gym long enough, you’re going to face adversity. The question isn’t whether it’s coming. The question is what you’re going to do when it arrives.
Read the full article: https://www.fmconsulting.net/the-1-reason-gyms-fail-isnt-money-competition-or-marketing-its-how-owners-handle-adversity/
— Jim Thomas, Fitness Management & Consulting