For the past few decades, healthcare costs have been rising faster than inflation, with no signs of slowing down. Unfortunately, this trend leaves many companies searching for ways to save themselves money while minimizing the impact of this costly health care on their business.
The fitness industry annual revenue in the U.S. is valued at $32 billion. The industry is also demonstrating great growth potential, considering it grew by 37% between 2008 and 2018. This trend is reassuring for gym owners, as well as anyone looking to start new gyms. However, it is not a guarantee that your new gym will be a success. Running a[...]
Opening a gym can be a great investment as many more people commit to losing weight and getting fit every year. There has been an increase in physical health awareness over the past decade, with nearly 50% of U.S. adults trying to lose weight in the last 12 months and, according to the CDC, the most commonly reported method was exercising. Gyms[...]
Whether you're interested in opening a gym because you love physical fitness or you want to help others feel better, the one constant is that it costs a lot of money to open a gym. You can make your dreams of opening a gym come true when you find the right funding. There are several types of loans for opening a gym available. Depending on your[...]
As a small business owner or a gym manager, you always want the best benefits for your employees. One of the most requested benefits is health insurance. However, it can be a real hassle finding, enrolling, and maintaining employee health insurance. For this reason, many gym owners and small business managers opt to let a professional employer[...]
Deciding to open a gym is a great way to dive into owning your own business. Not only is it a successful business model, but it is a rewarding career to own one or more gyms, helping residents in the area stay healthy and take advantage of fitness options. Before you can open your gym and get started on changing lives around you, go through the[...]
A professional employer organization (PEO) can be a valuable tool for gym owners that are searching for ways to save money, especially during a year when nearly every small business is struggling financially. Working extensively with the right PEO can save your gym thousands of dollars each year. At NEXOFit, we are proud to assist a wide variety of[...]
You can save money when operating your gym many different ways. One of the most notable is through a professional employer organization (PEO). The best way to understand how it can save you money when operating your gym is through understanding what a PEO is, its pros, and its cons.
You’ve just purchased insurance for your gym. You trust your insurance agent and have no issues signing on the dotted line without reading all the fine print (there is a lot of it…). Great!