Are Your Coaches Putting You At Risk?

Imagine inheriting or buying a gym and being thrown into the deep end without the experience of years of challenges and growth in the fitness industry. This is the case with some young gym owners Tim recently spoke with.Those young men stepped into a gym model that, on the surface, seems efficient but has some lurking pitfalls. It is a personal training gym, which also functions as a big box. They offer a variety of training formats, from one-on-one sessions to team training and semi-private setups.With seven or eight coaches mostly focusing on one-on-one training, they have fallen into a structure where each coach has a unique roster of clients. These aren't clients the coaches brought with them; the gym assigned these clients as they sold memberships.Now, you might ask, "What's the problem with that?"Well, there are numerous reasons why this model could be putting gym owners at risk. And yes, some of these pitfalls have already manifested for these young entrepreneurs.But it's not all doom and gloom. The three-hour coaching call Tim had with these owners wasn't just about pointing out problems. They discussed challenges and crafted a comprehensive action plan and a clear roadmap for the future.With Tim's guidance, these gym owners are on a path that promises their business model will be transformed in just eight weeks, placing the control firmly back in the hands of the gym owners.So, are you a gym owner wondering if your current model might be putting your business at risk? Or are you simply curious about the potential pitfalls in the world of fitness entrepreneurship?Tune in for this episode as Tim and Randy highlight all the risks your coaches might expose you to and how to navigate away from such positions.Let’s dive in!Key Takeaways:Intro (00:00)Today's episode comes from a coaching call (02:14)The risks your coaches might expose you to (04:30)Employees vs. contractors - How do you pay your coaches? 14:36)Recap (23:14)Additional Resources:- Business Accelerator Program winninggym.com/call- Learn more about The Iron Circle - Business Talk with Fitness Professionals Facebook group - Jump on a call with Randy---If you haven't already, please rate and review the podcast on Apple Podcasts!