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

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Manage episode 496236256 series 2286904
Content provided by Chris Cooper. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Cooper 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://podcastplayer.com/legal.

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
Book a Call
0:01 - Intro
1:39 - Compounding problems
7:59 - Delaying problems
11:43 - Mounting problems
14:58 - What’s the cost of change?

  continue reading

1080 episodes

Artwork
iconShare
 
Manage episode 496236256 series 2286904
Content provided by Chris Cooper. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Cooper 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://podcastplayer.com/legal.

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
Book a Call
0:01 - Intro
1:39 - Compounding problems
7:59 - Delaying problems
11:43 - Mounting problems
14:58 - What’s the cost of change?

  continue reading

1080 episodes

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