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Three Types of Workers' Compensation Insurance Gym Owners Should Consider

Three Types of Workers' Compensation Insurance Gym Owners Should Consider

When you own or manage a gym, you're in charge of making the most important decisions. From hiring new staff to what equipment to install, you need to handle it all. This includes insurance policies. 

How 24 Hour Gyms Differ When It Comes to Insurance

How 24 Hour Gyms Differ When It Comes to Insurance

When you own or manage a gym, you know that you need liability insurance at a bare minimum. A 24-hour gym also needs insurance but faces additional challenges. You probably opened a 24-hour gym to attract more customers and accommodate your customer base that doesn't work a traditional schedule. 

What to Look for in Gym Employees

What to Look for in Gym Employees

Your employees are a crucial aspect of your gym. They are the face of the brand when interacting with your clients. They also determine how well the gym runs, from keeping everything clean to helping gym members perfect their exercises and everything in-between. As such, they should be perfect in their roles.

5 Legal Concerns for Gym Business Owners

5 Legal Concerns for Gym Business Owners

The legal concerns for any business are never-ending. For a gym owner, the list of considerations can be even more daunting. From employee safety to injury liability, there's a lot that can go wrong. With many new gyms opening, and more people working to maintain their health, it's important to be aware of any legal concerns affecting your business.

Gym Business Growth Expected Beyond 2024

Gym Business Growth Expected Beyond 2024

The COVID-19 pandemic's effects have been detrimental to the fitness industry. The latest report by the International Health, Racquet & Sports Club Association (IHRSA) shows that the industry lost approximately 50% of its revenue. Many gyms also shut their doors, some never to reopen.

Why Members Leave Gyms and How You Can Get Them to Stay

Why Members Leave Gyms and How You Can Get Them to Stay

Losing clients is a common occurrence for gyms and fitness studios. Research by Preventive Medicine Reports shows that about 50% of new gym members quit within three months after signing up. However, this doesn't make losing a client any easier. 

How Gym Business Owners Save Big on Gym Equipment

How Gym Business Owners Save Big on Gym Equipment

As a gym business owner, the costs of owning a gym can be endless. Everything from rent, utility bills, certifications, licenses, insurance, and staff salaries can take a major toll on your finances. Worse yet, this list does not even cover half of the required fees.

Potential Tax Savings With Gym Equipment Financing

Potential Tax Savings With Gym Equipment Financing

As a gym owner or manager, you always spend a lot of time thinking about the amount of money have to spend. It seems like there is always a bill due. You need to pay rent, utilities, staff members, insurance, and the list goes on. You probably have a list of new gym equipment that you'd like to purchase, but you hesitate to spend the money.

How Equipment Financing Can Strengthen and Protect Your Cash Flow

How Equipment Financing Can Strengthen and Protect Your Cash Flow

With interest rates at record lows, the time to invest in your business is now. For gym owners, few things are more valuable for attracting clients than new, top of the line equipment. While gym equipment can be expensive, dilapidated and worn equipment can create serious hurdles to attracting the level of business you need for success.

Should You Upgrade Your Gym Equipment? Yes, Let Us Show You Why

Should You Upgrade Your Gym Equipment? Yes, Let Us Show You Why

As a gym owner, it is crucial to understand that your gym's identity and success are often dependent on how you stock your gym. In fact, according to the IHRSA Health Club Consumer Report, eight of the top ten club attractions cited by gym members are equipment-related. That is why gym operators and owners need to realize how critical it is for them[...]