👉 Learn more about our coaching program for gym owners here: [ Ссылка ]

Every gym owner should be getting and reviewing their P&Ls regularly to gauge the status of their business.

A P&L statement is a financial statement that summarizes a business’s income and expenses for a given period. It can be monthly, quarterly, or yearly.

It includes revenue from memberships and products, operating expenses, and non-operating income. Understanding the numbers on the P&L can help gym owners more accurately assess the financial health of their business.

It’s rare in the gym business to see any gym owner share their P&Ls, but in this episode, Tim and Randy do exactly that.

The proof of the pudding is in the eating - The reason for sharing the P&L is to show gym owners that what they teach here in the podcast and in the coaching programs is actually something that is happening.

Tune in to hear about the P&L numbers from Tim’s gym and how to build a million-dollar gym business!

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@BuiltToGrow

Key Takeaways
- Intro (00:00)
- The importance of reviewing your P&L (00:43)
- The average profit of a gym (02:41)
- Keep the main thing the main thing (05:06)
- The profit of the pudding is in the eating (12:24)
- Our new million-dollar coaching program (14:07)
- The biggest problem gym owners face (16:54)
- How to make more profit (17:42)

Additional Resources ✅

👉 Webinar link: [ Ссылка ]

Passcode: BestYear2023!

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👉 Learn more about The Iron Circle: [ Ссылка ]

👉 Learn more about our Coaching Program for Gym Owners: [ Ссылка ]

👉 Grab your tickets for 2023 FitPro Growth Summit: [ Ссылка ]

👉 Business Talk with Fitness Professionals Facebook group: [ Ссылка ]

👉 If you haven't already, please rate and review the podcast on Apple Podcasts! [ Ссылка ]

Do you have any questions at all? Want to learn more about something we covered in the podcast? Have any podcast topics you would like us to cover? Let us know in the comments!

#FitnessBusiness #GymOwners #TimLyons

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