What type of financial or cash flow mistakes do you see gym owners often make?
Introduction Running a gym can be a rewarding venture, but it comes with its own set of financial challenges. A recent question from the Gym Owners Network asked about common financial and cash flow mistakes gym owners make and what best practices they should follow....
9 Essentials You Will Need to Set Up Your Gym
You are finally here – Congratulations! It is time to launch your new gym. As getting a gym up and running can be very challenging, especially if it’s your first time, I wanted to share a checklist of essentials, to help get you started. The bulk of the...
How to ask for further rent reductions for your gym, as we exit COVID-19!
As a commercial tenant, you would be well within your rights to ask for extended period of rent reduction, if you continue to suffer from reduced working hours or capacity due to restrictions. Likewise, your landlord could equally refuse your request if they deem it...
8 Tips to Maximise Cash and Survive Covid-19
1. Delay capital expenditure Given the precariousness of the COVID-19 situation, gym owners should carefully consider any investment they make in capital equipment until the current circumstances improve. Although, understandably, some business owners see this as an...
