26 min
How to Get Cash Fast (Without Destroying Your Gym) Run a Profitable Gym
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- Entrepreneurship
You need cash for your gym right now—so what to do?
Offer a paid-in-full deal? Discount your offering? Sell some of your equipment?
Not so fast. All those options can put your gym in a death spiral. For example, a paid-in-full deal that generates a quick cash infusion often puts gym owners against the wall at the end of the year. And discounts have sunk too many gyms to count.
The good news: Gym owners have some great options when they need cash but don't want to hurt the long-term success of their businesses.
In this episode, Chris Cooper explains how you can generate quick cash without hurting your bottom line in the future. He'll lay out the pros and cons of partnerships, equity sales and bank loans, and then he'll provide tried-and-tested tactics gym owners can use to get cash without punching holes in the boat.
If you need money fast, pick one—or more—of the options and take action today!
Links
Book a Call
Gym Owners United
0:39 - When Chris got desperate
4:11 - Partnerships, co-ops and bank loans
14:19 - Paid-in-full problems
16:04 - Solid ways to generate cash fast
24:25 - Summary
You need cash for your gym right now—so what to do?
Offer a paid-in-full deal? Discount your offering? Sell some of your equipment?
Not so fast. All those options can put your gym in a death spiral. For example, a paid-in-full deal that generates a quick cash infusion often puts gym owners against the wall at the end of the year. And discounts have sunk too many gyms to count.
The good news: Gym owners have some great options when they need cash but don't want to hurt the long-term success of their businesses.
In this episode, Chris Cooper explains how you can generate quick cash without hurting your bottom line in the future. He'll lay out the pros and cons of partnerships, equity sales and bank loans, and then he'll provide tried-and-tested tactics gym owners can use to get cash without punching holes in the boat.
If you need money fast, pick one—or more—of the options and take action today!
Links
Book a Call
Gym Owners United
0:39 - When Chris got desperate
4:11 - Partnerships, co-ops and bank loans
14:19 - Paid-in-full problems
16:04 - Solid ways to generate cash fast
24:25 - Summary
26 min