Category Archives: Business Ownership

Final-ish Guidance on Free Bailout Money for Your Gym or Fitness Business

  Final guidance on the Paycheck Protection Program is here at this link. It was released Thursday, April 2 around 7pm ET. We have no resources or educators guiding us on this short timeline. Please note it is also called “Interim Final Rule” which is a bit of an oxymoron. Is it final, or it […]

Bailout Money Q&A for the Paycheck Protection Program PPP

Bailout Money Q&A for the Paycheck Protection Program                    UPDATES have been made to the Paycheck Protection Program as of April 2, 2020 – Read Updated Q&A Here.      We also did a second round of 18 Q&A’s you can read here: Government Bailouts, PPP & […]

Everybody Gets a Bailout! Which One is Best for Gym & Fitness Business Owners?

Follow us on YouTube and click to watch Eric discuss the topic here!   The original title of this article was “Which Government CARES Act Pays You The Most? With Downloadable Decision Matrix” but I think we did a much better job with the ode to the woman, the myth, the legend, Oprah herself – […]

Rent Abatement Guide With a Full Downloadable Script

 Follow us on YouTube and click to watch Eric discuss the topic here!   “Hope is not a strategy, action will be rewarded” Vince Lombardi paraphrased by David C Baker   Welcome back to The Fitness CPA’s Covid-19 series. If you missed last week’s video and/or blog, you can check out what we recommend […]

How-to Preserve Cash Flow… Or What’s Left Of It

CORONAVIRUS FITNESS BUSINESS_CASH FLOW

 Follow us on YouTube and click to watch Eric discuss the topic here!   This is the first in a special COVID-19 series of blogs and videos to help our clients and other fitness business owners through these difficult times. First and foremost, our heart goes out to all closed fitness facilities, and most […]

UPDATE: Fitness Business COVID-19 Reputation Management and Ethical Concerns

coronavirus financial advice

Recommendation for Closure: Fitness Business COVID-19 Reputation Management and Ethical Concerns   March 17, 2020 Please share with your fellow business owners. Based on CDC social distancing guidelines, we are recommending that all fitness facilities temporarily close. The damage of closing for one week or one month can be traumatic for most businesses who live […]

How Small Routine Checks Can Improve Your Fitness Business

Improve Fitness Studio with Small Changes

We recently did a webinar with Nexo Insurance Services, an insurance company with decades of experience focused purely in the fitness industry.  We discussed what fitness businesses can do to improve their business from both an insurance and accounting point of view. Insurance & accounting… riveting, we know! The webinar sparked a few interesting topics, […]

Managing Employee Costs as a Fitness Business Owner

Managing Employee Costs in Fitness Business

 Follow us on YouTube and click to watch Eric discuss the topic here!   Maybe you are interested in opening a studio and don’t know where to start, we can help you before you make the mistakes. Or maybe, you’ve been running your fitness business quite successfully for some time now. You’ve run a […]

Where is All the Money Going in Your Fitness Business?

The Fitness CPA_Improving Fitness Business Revenue

Follow us on YouTube and click to watch Eric discuss the topic here!   While your fitness business may be surviving you might be asking yourself, “where is all my money going at the end of the day?” “As hard as I work, shouldn’t I have some money left over after paying the bills?” “I’m […]