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Opening your own business is a HUGE decision. It's a serious investment of your time and money. The more questions ...
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You're interested in opening a gym. I get it. I hear it all of the time. In fact, it's usually the first thing someone says to me when they hear I own 3 gyms.
Typically the conversation goes like this.
John Doe: "So, I hear you own three gyms. I've always wanted to open my own gym."
Me: "Yes, I do. It's been one of the best decisions I've made. Why do you want to open a gym?"
Usually John Doe comes back with 1 of the following responses:
- I just want to work for myself. I want to be in charge of my life and build my own business. My passion is fitness, and it would be so much fun to own my very own gym.
- I'm tired of punching a time clock. My training hours are hectic and inconsistent. Although I love training, I also want a life outside of the gym, which I could have if I had an automated stream of income that didn't depend on me.
- I've been a trainer at the same gym for 3 years now. The owner is never there, and doesn't care. I have so many ideas that I know can improve the gym and make a lot of money. Every time I see a new member sign up, it infuriates me because I know that could be my gym and my money.
Unfortunately that's usually where it stops. Very few trainers make the jump to ownership.