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Developing a Gym Business Plan

Developing a Gym Business Plan

Owning a gym is a rewarding opportunity and great for entrepreneurs everywhere. Not only are you offering a location for your members to build and maintain good health, but you are generating a business that you want to be successful financially.

When you are developing a gym business plan, you must outline the following areas of your gym so that when[...]

How to Open a CrossFit Gym

How to Open a CrossFit Gym

CrossFit is all the latest fitness rage. People of all ages and backgrounds are looking to get in shape, and are hitting gyms to do that. If you're interested in getting in on the action by opening your own gym, you might not know where to start. Sure, you'll need equipment and a cool name, but what else? Have you considered what type of insurance[...]

Guide to Saving Money on Insurance for Gyms

Guide to Saving Money on Insurance for Gyms

Owning a gym means that you must invest in insurance options to maintain compliance and simply protect your assets. Working to save money in your gym is easy when you choose NEXO to help you keep your gym operational and affordable.

5 Reasons Why Gym Owners Choose a PEO for Health Insurance

5 Reasons Why Gym Owners Choose a PEO for Health Insurance

As the owner of a small to mid-size gym, you likely work tirelessly to achieve your revenue goals while providing customers with a safe environment to meet their fitness goals. A growing number of gym owners are discovering the key role a PEO can play in achieving both of these objectives. Below is a look at PEOs and five key reasons why gym owners[...]

Workers Compensation for Gym Employees: What You Need to Know and How It Can Protect Your Business

Workers Compensation for Gym Employees: What You Need to Know and How It Can Protect Your Business

Any fitness facility knows there is a certain level of physical risk that goes into owning a gym. However, if a trainer at your facility develops a muscle strain, a torn ACL, or even a work-related back injury, it could mean that your business will end up paying their medical bills. That is why workers' compensation insurance is so vital for not only[...]

How Gym Owners Can Take Advantage of a PEO

How Gym Owners Can Take Advantage of a PEO

The frustration and stress of modern HR functions have resulted in the increased use of outsourcing solutions. But one is incredibly valuable to small employers like gym owners: Professional Employer Organization (PEO).

A PEO guides businesses on employment issues and provides them the advantages of their economies of scale to access big-business[...]

Health Insurance is Here

Health Insurance is Here

Over the last three years our team has obsessed over a solution to a perplexing problem. How do we provide Health Insurance to gym owners and their trainers? We discussed internally various options that could solve the challenge, but they fell short of solving our insurance issues completely. Enter NEXOSync – a solution that allows gyms to provide[...]

Workers’ Compensation Surprises: Audits and Audit Disputes

Workers’ Compensation Surprises: Audits and Audit Disputes

As we discussed in this post and this post, Workers’ Compensation is fun!... or not because SURPRISE! You’ve been hit with a $10,000 premium audit for your most recent policy term! This is why you need Workers' Compensation.

What to Consider for CrossFit Gym Insurance

What to Consider for CrossFit Gym Insurance

CrossFit, the elite fitness program may take different shapes at different fitness facilities, but there is a constant—the need for appropriate insurance. If you’re opening a CrossFit gym, or if you’re looking to integrate it into your services, it’s important to think about all the considerations and risks to make sure you have the proper insurance in[...]

Workers’ Compensation – The Basics

Workers’ Compensation – The Basics

Workers’ Compensation is a confusing monster. There are state and federal regulations to contend with and no one really knows what they need. Then there is price to deal with and annual audits... We are here to help clear some of these issues up for you, offer suggestions, and a solution!