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Posts filed under: Finance

Finance

When Bigger Isn’t Better: Why More Athletes May Not Solve Your Gym’s Problems

Earlier this year, my gym hit an all-time high of 700 athletes. For a gym in a town of just 20,000 people, our enrollment was double what I had ever expected to reach. We had worked hard for many years... Read More

The Cost of Compassion: When to Extend Grace and When to Stand Firm on Payments

One of the top reasons gym owners find themselves short on cash each month is because of the large number of overdue accounts among their all star parents. This can happen for a variety of reasons, leading gym owners to... Read More

Surviving in September: How Getting Ahead Helps You Save Time & Money

September is always a crazy month for us at Twisters. School begins at the end of August, and by September, we’re managing the influx of new and returning athletes, along with a batch of new college students hired to work... Read More

Fundraising: How to do it as a for-profit business (Part 2)

This is Part 2 of a two-part series about how to offer fundraising opportunities in your gym.   Yesterday I told you about how we used to run fundraising in our gym as a for-profit entity. While my gym is... Read More

Fundraising: How to do it as a for-profit business (Part 1)

This is Part 1 of a two-part series about how to offer fundraising opportunities in your gym. Part 2 will be released on March 27.   With a new season about to begin, you may have had to increase your... Read More

Is Minimum Wage Enough Anymore?

If you’re like us, your minimum wage has likely been increasing each year for the last several years. If you’re also like us, there isn’t an end in sight. While this can be good for our employees, it can be... Read More