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2022 was a recovery year for the fitness industry from all the effects of the COVID pandemic and the shutdowns we all had to endure the previous years.
Unfortunately, around 30% of brick-and-mortar gyms didn’t make it.
So, what does 2023 hold for our industry?
Tim and Randy have some predictions for the new year, and going by previous predictions, most of these will not be off the mark.
The greatest issue for 2023 is inflation and a looming recession. Some gym owners who make the wrong move will be out of business, but others will thrive in this environment.
Listen in to some of our predictions and how best to get ready to grab the opportunities that are ahead.
Key Takeaways
- Iron Circle update (00:50)
- It’s all about growth (02:09)
- More high-ticket programs (04:12)
- Middle-cost gyms will be hurt badly by rising expenses (07:36)
- How inflation/recession will impact gym owners (12:33)
- The renaissance of the micro tiny footprint gym (21:19)
- Location is more important than ever (22:40)
Additional Resources
- FREE 7-Figure Semi-Private Gym Blueprint
- Learn more about our Business Accelerator Coaching Program for Gym Owners
- Learn more about The Iron Circle
- Business Talk with Fitness Professionals Facebook group
---
If you haven't already, please rate and review the podcast on Apple Podcasts!
4.9
8989 ratings
2022 was a recovery year for the fitness industry from all the effects of the COVID pandemic and the shutdowns we all had to endure the previous years.
Unfortunately, around 30% of brick-and-mortar gyms didn’t make it.
So, what does 2023 hold for our industry?
Tim and Randy have some predictions for the new year, and going by previous predictions, most of these will not be off the mark.
The greatest issue for 2023 is inflation and a looming recession. Some gym owners who make the wrong move will be out of business, but others will thrive in this environment.
Listen in to some of our predictions and how best to get ready to grab the opportunities that are ahead.
Key Takeaways
- Iron Circle update (00:50)
- It’s all about growth (02:09)
- More high-ticket programs (04:12)
- Middle-cost gyms will be hurt badly by rising expenses (07:36)
- How inflation/recession will impact gym owners (12:33)
- The renaissance of the micro tiny footprint gym (21:19)
- Location is more important than ever (22:40)
Additional Resources
- FREE 7-Figure Semi-Private Gym Blueprint
- Learn more about our Business Accelerator Coaching Program for Gym Owners
- Learn more about The Iron Circle
- Business Talk with Fitness Professionals Facebook group
---
If you haven't already, please rate and review the podcast on Apple Podcasts!
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