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NEXO: Reinventing Health Insurance for Gyms

NEXO: Reinventing Health Insurance for Gyms

We live in an age where physical fitness and well-being are paramount, making the role of gym owners and fitness operators increasingly vital. Every day, gym owners and fitness operators are exposed to various risks, including potential injuries on their premises, legal liabilities, and personal health concerns. As they strive to empower individuals[...]

How to Open a Gym Franchise in 2023: What You Need To Know

How to Open a Gym Franchise in 2023: What You Need To Know

The fitness industry is booming, with health and wellness becoming an integral part of people's lives. In such a thriving market, opening a gym franchise can be a lucrative venture. However, the road to success involves several essential steps and a keen understanding of the industry. In this blog post, we will take you through a comprehensive guide on[...]

Does Gym Insurance Protect the Equipment That Travels With Me to Jobs?

Does Gym Insurance Protect the Equipment That Travels With Me to Jobs?

Personal trainers and fitness coaches are always on the go, taking their expertise and gym equipment from place to place. It’s no secret that having gym insurance is an incredibly important aspect of owning a fitness business, but if you’re a professional who needs to travel with your equipment for off-site jobs on a regular basis, you might be[...]

Why Gym Owners Are Choosing NEXO: Unmatched Benefits and Coverage

Why Gym Owners Are Choosing NEXO: Unmatched Benefits and Coverage

In today's fast-paced world, the health and fitness industries are booming. As people become increasingly aware of the importance of staying fit and maintaining a healthy lifestyle, gym memberships and fitness class enrollments have surged. Consequently, gym owners and fitness entrepreneurs are now more focused than ever on protecting their ventures.[...]

NEXO Insurance: Why It's Worth the Investment for Your Gym's Future

NEXO Insurance: Why It's Worth the Investment for Your Gym's Future

Navigating the fitness industry is much like an intense workout—thrilling, rewarding, but not without its risks. Whether it's a slip on a wet floor or an equipment malfunction, accidents can happen in even the most meticulous of gyms. That's where insurance comes in. Just as a spotter safeguards a weightlifter, NEXO gym insurance is a crucial safety[...]

The Do's and Don'ts of Running a Successful Gym: Common Mistakes to Avoid

The Do's and Don'ts of Running a Successful Gym: Common Mistakes to Avoid

Opening a gym can be very rewarding, but it can certainly be challenging as well. Often, new challenges arise without warning, but with careful planning and tenacity, you’ll be prepared to handle any day-to-day stresses. With a solid understanding of the fitness industry, you’ll also be able to ensure your gym business is a success in the long run.

Creating Your Fitness Legacy: The Ultimate Guide to Building a Lasting Brand

Creating Your Fitness Legacy: The Ultimate Guide to Building a Lasting Brand

Are you a gym owner or fitness guru who’s interested in opening a gym and wondering how you can continuously attract new clients and retain them? Are you wondering how to build a recognizable brand and a long-lasting fitness legacy? No doubt it’s competitive out there, and it’s incredibly tough to stand out and stay the course through inevitable[...]

From Memberships to Merchandise: Exploring the Profit Streams of Gyms

From Memberships to Merchandise: Exploring the Profit Streams of Gyms

Going to the gym has become an essential part of many people’s lives in recent years, and the fitness industry has experienced notable growth as a result. In fact, over 64 million people are gym members in the United States alone, and the fitness industry is expected to grow 171.75% to $434.74 billion in the next five years.

The fitness industry is[...]

The Gym Startup Guide: Essential Steps to Launching Your Fitness Center

The Gym Startup Guide: Essential Steps to Launching Your Fitness Center

Starting a gym or fitness center is an exciting venture for those passionate about health and wellness. In a world that increasingly prioritizes health and wellness, owning or opening a gym offers the opportunity to make a positive impact on people's lives. Whether you are a fitness enthusiast, an entrepreneur, or someone passionate about helping[...]

Unlocking Your Gym's Financial Performance: Understanding P&L Statements

Unlocking Your Gym's Financial Performance: Understanding P&L Statements

As a gym owner, you should know that keeping track of financial performance is essential to your gym business’s success. For that reason, one of the most critical financial documents that you’ll need to understand is the Profit and Loss (P&L) statement. A P&L statement is a financial statement that shows a company's revenues, expenses, and net income[...]