The Small Group Gym Pod

Stuart Aitken

The podcast where gym owners who mainly run a small-group personal training model share their stories, struggles, and strategies so you don’t have to figure it out alone.

  1. Sep 23

    #52 How Profitable Should Your Gym Actually Be? (w/ Gareth from Coach Accounts)

    What actually makes a gym a good business? It isn't necessarily the one with the most members or the biggest monthly turnover. In this episode, I'm joined again by Gareth from Coach Accounts to talk about the numbers gym owners should actually be paying attention to. We get into profit margins, how much you should be spending on ads, when hiring another member of staff makes financial sense, and why there are times when the best thing you can do for your gym is stop trying to grow it. We also talk about the personal side of money as a business owner — including pensions, emergency funds, financial security and why so many business owners avoid looking at their numbers altogether. We cover: Why £20k/month turnover tells you very little about the quality of a gym businessWhat healthy profit margins can look likeThe growing problem Gareth sees with gym owners overspending on adsWhy you should understand your ads even if somebody else manages themWhen to invest more money back into your gymWhy one great month isn't enough evidence to increase your spendingThe "push, hold, push" approach to sustainable growthHow much business owners should consider contributing towards a pensionWhy simply looking at your bank balance every day can improve your financial habitsHow AI can help you better understand where your money is actually going If you run a gym and know your monthly revenue but couldn't confidently tell me your margins, this episode is worth a listen. Find out more about Coach Accounts: Instagram

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The podcast where gym owners who mainly run a small-group personal training model share their stories, struggles, and strategies so you don’t have to figure it out alone.

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