'Do you want to learn how to boost profitability in your gym? In this video, our guest shares 7 areas where small changes can mean huge profits for your gym. Learn how to improve your profits by tweaking each of your profit centers by only 1%. By implementing these simple changes, you can increase your gym\'s profits significantly! Help your fitness business become more profitable, healthy and sustainable business. With these tips, you\'ll be on your way to a profitable fitness business! Danielle Hayden is the founder of Kickstart Accounting, Inc. who is on a mission to help rule-breaking female entrepreneurs understand their numbers, so they can gain the confidence needed to create sustainable profits. Contact our Danielle: https://www.kickstartaccountinginc.com 00:00 Intro 02:57 What is the 1% Rule in business? 05:10 What are the 7 drivers of business where you can use the 1%rule? 05:26 Price - How can we increase prices? 06:04 Volume - How do we sell more to the existing client base? 06:51 Direct Labor Costs - 07:49 Operating Expenses- Everything we need to run our gyms 09:35 Accounts Receivables - How can you simplify the process? 0:10 Inventory - How can we reduce our inventory & utilize staff 11:07 Accounts Payable - How can I delay going cash going out the door 11:54 How does the power of the 1% concept improve your profits? 15:53 Is there one area you should start with? 17:54 How to decide which area of your business to apply the 1% principle? 18:41 Examples of how 1% can create additional cash flow FOLLOW US: Web: https://fitnessbusinesspodcast.com Facebook: https://www.facebook.com/fitnessbusinesspodcast Twitter: https://twitter.com/fitbizpodcast Instagram: https://www.instagram.com/fitnessbusinesspodcast/ Contact Information: Website: https://fitnessbusinesspodcast.com Email: [email protected] Phone: +61 2 9484 5501 #fitnessbusiness #fitnessindustry #gymbusiness'
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