Built To Grow
Is the Juice Worth the Squeeze?
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:21:08
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Sinopsis
Gym owners and fitness coaches often dream about growing their business and earning more, picturing a future with many gym locations under their brand.But is this grand vision always the best idea?Even though many in the Iron Circle own multiple gyms, Tim chose to remain grounded with a single location. It wasn't because he didn't have chances to expand – there were plenty over the years.However, Tim made a calculated decision not to expand into multiple locations. He looked at gyms not merely as physical spaces but as ways to earn money. For him, the return on investment for multiple gyms didn't seem better than trying different things.The challenges of getting a new rent deal, buying additional equipment, and running multiple locations didn't seem worth it. It wasn't the wealth vehicle he sought.With the fitness industry being super competitive, one needs both a lot of money and tons of customers to reap significant profits. And it's riskier than putting money in things like real est