I started with Dean and the Profit First system because I felt like our financial fitness had plateaued despite consistent growth at my gym, Functional Integrated Training (FIT).
We lacked efficiency: there was enough money to cover payroll and the credit card but never anything to put away for profit. And when quarterly taxes came around, where was that money?No one knew! We needed a new financial fitness program.
Implementing the Profit First system completely overhauled FIT’s finances. We started by just allocating 1% to a profit account. Now we have a business that can sustain optimized profit, owner’s pay, tax and operating expense percentages. Plus our OpEx account is broken down further to sales commission, equipment replacement, CEUs for staff and budgeting for our next staff hire.
Not to mention my staff and I are able to earn a distribution of the profits we allocate at the end of every quarter. So if FIT makes more money, we all can make more money!
But just like everything, it’s simple, NOT easy. So if you are willing to take on the challenge, Dean, with his Fit For Profit team, is your coach!
JARED MARKIEWICZ // Functional Integrated Training