Built To Grow

124: How We Made The Decision To Change The Model - With Zach Columbia

Informações:

Sinopsis

We recently made some big changes to our business model. We made the decision to slowly phase out team training and move to semi-private training. We talk about these changes and how gym owners who want to transition in their business model can go about it. We go through how we analyzed our business model and all the data we used to make the decision that led to the changes.For gym owners, your model should be helping you provide maximum value to your clients while increasing your net profit. It’s not about high gross revenues which helps your ego but about the net profit. It’s all about looking at where your income is coming from and where the expenses are. For gyms owners that are still closed, it’s a good opportunity to dive deep into the numbers. Where does your revenue come from? What’s the attendance per class? What’s the revenue per client? These are some of the numbers you should be looking at during this time to help you make changes. Your clients are expecting changes once they come back. Now is the