Profit vs. Cash Flow – Why Gym Owners Need Both to Succeed!
by Billy Hofacker │October 8, 2024
Profit vs. Cash Flow – Why Gym Owners Need Both to Succeed!
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In this episode, we dive into the crucial relationship between profit and cash flow for gym owners. As a financial coach and fractional CFO, I share insights on why understanding and managing both aspects is critical for long-term success. Whether you’re struggling with cash flow or looking to enhance your profit margins, this episode is packed with valuable tips and strategies you can implement right away.
What You’ll Learn:
- The critical differences between profit and cash flow and why both matter
- Tips for managing expenses effectively to improve cash flow
- Ways to implement tiered membership models for increased revenue
- Utilizing membership freezes or holds to maintain engagement and revenue
- The benefits of encouraging clients to use high-automation payment methods
Resources Mentioned:
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Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
Listen and grow!
Your Financial Coach,
Billy
P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here!
P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.