One of the most important things you can do to protect your business is purchase liability insurance as a gym owner. Liability insurance protects the property, owner, client, and employee level. However, most insurance companies will want to see a copy of your business license before purchasing liability insurance at the customer level.

Whether you own a small independent gym, a single franchise, or a fleet of gyms, you have an extensive to-do list. From hiring employees and setting up the work schedule to finding customers and maintaining equipment, your days are really full. As an employer, there are many regulations and laws that you must fulfill that protect your employees. You've[...]

Increasingly people are focused on their health, diets, and maintaining and toning their bodies. The fitness industry is booming, and gym memberships are rising. Along with this increase in cash flow, however, comes an increase in risk. Just because you're focused on a good workout doesn't mean you want someone to work money out of your wallet. You[...]

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 provide[...]

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 credit[...]

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 gym[...]