Owning a gym business means you’ll need insurance. Not just basic insurance, but the kind of insurance that is made especially for like-minded professionals like yourself. Owning a gym business means that you can’t rely on a policy that primarily mitigates perils and liabilities that are more specific to the hospitality or food and beverage industries[...]

What’s the difference between commercial and private gyms? If you’re trying to decide if it’s in your best interest to operate your fitness business as a commercial or private facility, it helps to have a practical understanding of what both types of gyms have to offer. Take a look at this brief comparison of commercial and private gyms.

Planning to start a gym business or take over one? No matter what path you take to ownership, one of the first things you’ll need to do is get insurance. Now you don’t necessarily need to be proficient in insurance lingo or the fitness industry to know what kind of coverage is best for your business. But, if you plan to stay in the game for the long[...]

When it comes to choosing an insurance policy, it’s best to consider ways to customize your coverage. Whether you've been in the game for a while or still testing the waters as a new gym owner, you’ll need more than a general or basic liability insurance policy. Don’t fool yourself into thinking that it’s possible to get by with a one-size-fits-all[...]

One mistake many fitness professionals make when they are just starting is spreading themselves thin and trying to do a bit of everything in hopes of success and profits. They establish class schedules, membership fees, and other strategies to get their businesses up and running while overlooking the fact that without a solid business model, they're[...]

One of the most exciting aspects of owning and managing a gym or fitness center is being in control. Of course, that power means you must comply with local and federal standards and legal requirements. An ounce of caution and some careful considerations are necessary for you to decide on the right business model.

To make it easier on yourself and get[...]

An important aspect of being a successful fitness or gym business owner is considering every potential risk that can impact member safety and ultimately, your facility’s reputation and operations and implementing measures to reduce them. Anything that affects guest and trainer safety, or the gym and its equipment ultimately impact the owner. To make it[...]

Taking over a gym business is not as easy as it may seem. You’ll need more than fancy equipment and a prime location to get started. Ideally, you want a viable gym with a decent size existing member base. Opening or taking over a business is a process that requires hard work, vision, persistence, ingenuity, knowledge and flexibility for growth and[...]

When you own a martial arts studio, you always keep a close eye on your cash flow and reserves. You want to keep your expenses to a minimum, so you can grow your business and make a profit. 

If you're a gym owner, you know there are a lot of things to deal with in the running of your gym. That means that there are a lot of things that you've got to worry about, not just with your employees but also with your patrons. Nexo Fit can help with some of that and the primary way is through helping you retain top talent and simplify and reduce[...]