Your gym could be generating strong revenue and still be running out of cash. Knowing your cash runway, checking your balance sheet, and catching hidden expenses can help you understand where your business really stands.
Building a profitable gym isn't just about getting more members or generating more revenue. It's about controlling expenses, making smarter financial decisions, and keeping more of what your business earns. So take a look at your numbers this week. Review your unnecessary expenses, rethink your free trial offers, evaluate your staff compensation, and check whether […]
Your P&L tells you what happened last month. Your balance sheet tells you where you actually stand. Eric walks through the four balance sheet numbers every gym owner should check: low cash, high liabilities, low working capital and negative owner’s equity. If something looks off on yours, you’ll know what to ask.
Why does your gym’s tax bill feel bigger than it should be every April? Gym owners often overpay because quarterly estimated tax payments are handled the same outdated way, and IRS penalties can hit even when you pay on time. Eric breaks down the payroll withholding fix we use with our clients instead, plus three […]
