Difficult Decisions Fitness Business Owners Need to Make Now
We recently made a guest appearance over on a popular fitness podcast, The Fitness Founders Podcast. If you haven’t heard of it yet, it’s a weekly podcast put on by the guys at Glofox to discuss all things fitness, entrepreneurship & business with inspirational* fitness industry leaders. (*Their words, not mine.) You can check out their […]
Finally… The Paycheck Protection Program Flexibility Act (Explained)
First off, this post is about the changes to the PPP program in the Paycheck Protection Program Flexibility Act of 2020 only. If you want a full breakdown of the PPP program please check out other blogs which go into much more detail. Second, we understand you are frustrated, and the changes are two months late and a […]
This Is Why It’s Not Too Late to Get Thousands in PPP & EIDL $$$
We know you’re frustrated – we are too. But if you’re a gym or fitness studio, please read this blog closely. This may be your final opportunity to obtain thousands of dollars in PPP and EIDL funds (or to be next in line if they are refunded at a later time). If you’d rather listen, […]
Questions Answered Around Economic Injury Disaster Loans & Paycheck Protection Program
More Questions Answered Around Economic Injury Disaster Loans & Paycheck Protection Program A lot of questions have come up regarding the new Government CARES Act and how it applies to gyms, boxes, yoga, barre and cycling studios. Today we’re answering 18 of your questions about the government bailout Paycheck Protection Program (PPP) and Economic Impact […]
What to Do with Your Fitness Employees: Unemployment and the Paycheck Protection Program
As business owners, employees are high on the list of our concerns. For many of us, employees are like family; we work, sweat, and play together. So how do we treat our extended family during COVID-19? And what can we do to ensure they can provide for their families during these unprecedented times, while at […]
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 is interim? […]
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 & EIDL Q&A #2 Yes, that’s the famous J.G. […]
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 – what […]
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 doing to preserve […]