Fitness Business Blog

The Joys of Quarterly Profit Distribution

Tuesday, November 23, 2021

One of the best things about using Profit First in your business, aside from the peace of mind in knowing the money you need is there when you need it, is quarterly profit distribution time. Once a quarter, you get to dig into your Profit bank account and take a portion of it--half, if you’re following Profit First carefully--and distribute it to yourself.

The amount in your Profit account will fluctuate from quarter to quarter based on your business’s revenue for that quarter, but you should always set aside the same percentage.

SUCCEED! Innovation & Solutions Summit Another Success for the FBA

Tuesday, November 23, 2021

(MINNEAPOLIS, MN, November 22, 2021) – The Fitness Business Association (FBA) today announced the success of its 1st ever SUCCEED! Innovation & Solutions Summit held on Friday, November 12.

Billed as a virtual event where technology and business solutions take center stage, the summit generated nearly 2,500 registrants and subsequent page views combined as attendees were eager to take in the sessions.

Why Video Workouts are Integral to Your Hybrid Fitness Business

Tuesday, November 16, 2021

Fitness technology has been at the core of the impressive adaptation and innovation in the fitness industry this past year and a half.

The increasing adoption by clubs, fitness studios and trainers has opened up ways to deliver hybrid client experiences that bring together traditional physical services with new online ones.

FBA Partner Podium Raises $201M in Series D Funding to Accelerate the Digital Evolution for Local Businesses

Monday, November 15, 2021

LEHI, Utah, Nov. 15, 2021 /PRNewswire/ -- Podium, a communication and payments platform for local businesses, announced today it has raised $201 million in Series D funding, led by YC Continuity with participation from Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners, and Sorenson Capital. This latest round brings the company's valuation to over $3 billion.

3 Reasons Why Your Fitness Business is Losing Leads

Friday, November 12, 2021

Landing new leads and converting them into paying customers for your business is a rat race at the best of times, without the pandemic to deal with. According to marketing gurus, HubSpot, “generating traffic and leads” is by far the biggest challenge marketers have faced in 2021.

In the fitness industry, it’s especially challenging to churn out high-quality leads with the potential to become long-term clients.

Using the Power of Tech to Manage Your Fitness Business Team

Tuesday, November 9, 2021

Managing a team is complex in any business, especially a fitness business where individuals can be employed, self-employed or a hybrid mix of both, working a blend of full and part time hours.

Extensive opening hours, sometimes even 24/7, also mean long operating hours which creates the need for multiple shifts in a day.

How Teaching Exchange Programs Can Amplify Your Fitness Pro Skills

Friday, November 5, 2021

Have you ever had the opportunity to learn about or actually do an exchange program? Maybe you thought about it when you were younger, perhaps you have hosted an exchange student, or you or your own children have been a part of a program.

I personally wasn’t organized enough to get it done when I was younger, but the idea of being an exchange student has always allured me!

Should I Pivot My Business Model to Online Training?

Tuesday, November 2, 2021

Given the circumstances due to COVID, many gyms have elected to try and pivot their business model to online training only.

While I understand the appeal to do this, I’ve been advising my consulting clients to stick with the in-person training model and use online training to enhance their current services.

3 Ways to Digitalize Team Content to Drive Fitness Business Growth

Saturday, October 30, 2021

In any fitness business, the team plays a vital role and is often the difference between success and failure. If the team flourishes, so too does the business.

As a result, it is critical that facility owners and operators invest in the team, providing valued education and training that supports each individual’s CPD (Continuing Professional Development).

Level Up and Grow Your Hybrid Fitness Business

Thursday, October 28, 2021

The pandemic has transformed life as we know it, and our daily routines will never be the same. Most of us now work from home, which has led to an uptick in screen time while physical activity has gone down. The fitness industry needed to level up, making a hybrid business model—a combination of online and in-person services—the new name of the game.

When done right though, it will only add to your recurring revenue streams.