Welcome to The Daily Drive, the podcast that helps gym owners achieve explosive growth in just 5 minutes a day! I'm Laura Alvarado, and in this episode, I'm going to talk about when and why to scale your gym.
Scaling your gym can seem like the logical next step when your first location is bursting at the seams. However, scaling too soon can lead to more hiring, facility issues, team issues, and member issues. In some cases, having one super profitable location can make more or equal profit than two mediocre locations.
So, when is the right time to scale your gym? In this episode, I'll share my insights on the key factors to consider, such as having an emergency fund of 3-6 months of expenses, the ability for the first location to pay the bills of the second location, having documented, repeatable systems in place, and ensuring that your team members are ready for growth.
I'll also discuss why it's important to pay cash for build-outs and how this can impact your bottom line. By the end of this episode, you'll have a clear understanding of when and why to scale your gym, as well as the steps you need to take to do it successfully.
So, are you ready to learn more about scaling your gym and taking your business to the next level? Then tune in to this episode of The Daily Drive! And don't forget to hit subscribe to ensure you never miss an episode.
Thank you for listening, and I hope this episode helps you make informed decisions about scaling your gym!