In this episode, Luka Hocevar and Andy McCloy discuss the importance of business cadence, quarterly planning, financial metrics, and operational excellence for gym owners. They share practical strategies to build profitable, scalable gyms and emphasize continuous improvement and self-awareness.
IN THIS EPISODE YOU'LL LEARN:
=> Most gym owners are reactive regarding their business planning and strategy, which leads to long-term failure and burnout.
=> Cadence of business is a system and framework for setting goals, quarterly planning, and using data and metrics to guide decisions.
=> If you're not planning everything out for your next quarter you're hurting your business!
=> Does your team know what the goals of the business are and what their role is in achieving that goal (as well as what that will do for them).
=> Why "hustle" is only a good strategy for a period of time, but building a real business requires a solid operational structure.
=> Luka breaks down his first quarter in KPI's to demonstrate how to set goals for the quarter and how we are addressing it as a team.
=> One of the biggest opportunities for gym owners is improving their operations, and this is how you start with "Step 1."
=> Are you collecting data in your business but not tracking it and do you know what to do with the data you're collecting?
=> We break down the percentages of revenue that should be allocated to operations, payroll, owner pay, marketing, rent, and much more. This will give you significant insights if you're on the right track.
=> Most gym owners pay themselves too little, or too much (and not enough to their team); we dive into details and help you get your gym business on the right track.
=> What times is it strategically acceptable to have higher payroll numbers?
=> How I looked through my P & L and saved myself $10,000 by paying attention.
=> Different rules apply at different growth - $20k/month is very different than $60k/month (we break down examples).
=> "Revenue is for vanity, profit is for sanity." How do you ensure you are profiting, not just growing while keeping less of the money?
LINKS AND RESOURCES:
Built To Last Gym Mentorship: https://builttolastgym.com/
Built To Last Gym Instagram: https://www.instagram.com/builttolastgym/
How To Hire, Develop, and Lead A Team To Build A Dream Gym Course: https://webinar.builttolastgym.com/