Just because youâve eaten in a restaurant doesnât mean you know how to run a restaurant. Most people will agree with that in general, but itâs harder to see the truth when looking at your own business. The same goes for working out or coaching in a gym versus running a gym.
This week, Garry Lineham talks to us about why it might be more important to grow in your business experience than in your technical knowledge when running your own gym (or any business for that matter.) The core reason is corporate intelligence: the attribute that you exercise and expand by working on a business as an entrepreneur rather than just working in the business as an employee.
Currently, Garry runs Human Garage, a health and wellness company in Venice, California that specializes in the connection between the body and the mind. On Barbell Business, Garry tells us how he applies his corporate intelligence daily to the tasks of leading and growing his team there and scaling his operation.
Garry explains a lot by breaking down what is and is not a real business.
- âItâs not a business if you have to be there; itâs a job.â
- âIf youâre doing it just to make money, then you better get out of there. Thatâs not a business.â
- âIf you canât define your values and your beliefs, then itâs not a business and you shouldnât be in business.â
For him, your skill starts off as a trade. Then you create a hobby out of it, even if youâre actually operating a gym, for example. A real business is when you can duplicate it, and that requires a certain amount of corporate intelligence in the owner.
When it comes to starting and continuing a gym, Garry believes that corporate intelligence is the key to making the right call: âJust because something is a good idea doesnât mean it makes a good business.â
But even if youâre running a business that should work, your corporate intelligence will determine if youâre the right man for the job: âJust because itâs a good business and a good idea doesnât mean Iâm gonna be good at it.â
For those who are already successful at their business but are eager to learn more, Garry also has some wisdom to share.
- âThe biggest killer of businesses is success. Itâs not actually the challenges of getting started.â
- âWhat the brand really is is what people feel and say about you when youâre not there.â
So if youâve been wondering why all these hours spent in your gym havenât elevated you to a higher level of business success, or you already have corporate intelligence but want to gain more, check out this weekâs episode of Barbell Business.