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[...]
Gym owners face numerous challenges when managing their businesses. One of the most significant challenges is managing payroll and human resources (HR) functions effectively. Gym owners must make every effort to pay their employees on time, comply with employment laws, and find ways to attract and retain the best talent in a competitive market. In this[...]
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[...]
What comes to your mind at the mention of the term insurance? For most people, it is about car insurance and personal medical insurance. What you may not know is that your business needs to be insured, as well.
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[...]
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[...]