Changing Your Business to Fit Your Employees

In the fitness industry, there's been a buzz about some gyms and coaches adopting a pay-as-you-go model instead of traditional memberships and recurring revenue agreements.This transactional approach may seem appealing on the surface, but it raises concerns about the long-term sustainability of such businesses.Recurring revenue, often generated through memberships and agreements, offers several advantages to fitness businesses. It provides stability, predictability, and the ability to plan for the future.Unfortunately, some gyms are swayed by short-term gains and opt for a pay-as-you-go model. This decision might be driven by an inability to sell memberships as a valuable long-term investment for clients or a desire to make it easier for coaches to close deals. However, this approach can lead to a host of problems.In this episode, Tim and Randy delve into the reasons behind this shift, explore its implications on gym owners, and emphasize the importance of maintaining a strong focus on leadership and business vision.Key Takeaways- The pay-as-you-go model (03:21)- You fall to the level of your systems (07:15)- Team development and leadership (09:53)- Don't change your schedule to appease employees (16:04)- Employees cannot dictate to your business (18:39) Additional Resources- Business Accelerator Program winninggym.com/call- Learn more about The Iron Circle - Business Talk with Fitness Professionals Facebook group - Jump on a call with Randy---If you haven't already, please rate and review the podcast on Apple Podcasts!