by Shannon Simmons | Jan 9, 2020 | Profit First
January is a busy time of year for business owners and especially Fitness Business owners. With many new members trying to find their way to a better lifestyle, your studios and gyms are hopping. In the midst of all the chaos, the accounting world insists on reminding...
by Shannon Simmons | Jan 2, 2020 | Profit First
Profitability is key to sustaining any business and gym owners are not an exception. With as many workout types and preferences as there are people in the world, the most important part of opening a gym or fitness center is to figure out what you excel at and focus...
by Shannon Simmons | Aug 16, 2019 | Profit First
The core of effective financial management lies in the ability to consistently generate positive outcomes. This requires more than just luck or sporadic efforts; it demands a proven process – a systematic approach that delivers predictable results time and again. To...
by Shannon Simmons | Aug 2, 2019 | Profit First
In one of Eric Cressey’s latest articles, he reminded me that “Bigger Isn’t Better, Better Is Better”, and went on to state… “I think you’re better off taking home 50% of a $500,000/year fitness business than net 5% on a $5...
by Shannon Simmons | Jul 25, 2019 | Profit First
What exactly do I do? According to the Merriam-Webster dictionary, a coach can refer to a large, enclosed, four-wheeled horse-drawn carriage with side doors and a raised seat for the driver, such as the gold coach the queen rides on special occasions, or a railroad...
by Shannon Simmons | Jul 15, 2019 | Profit First
One of the first business books I ever read was “The E-Myth” by Michael Gerber. And while this book certainly was foundational in the way I thought about business I also believe it is one of the most misunderstood business books out there. As a brief...
