Why Gyms Everywhere Are Going Bankrupt - And What You Must Do Differently in 2020 | With Rahz Slaughter

Myself & Rahz Slaughter - who runs 5 studios between New York & Miami - got on the phone to talk about how we're growing our fitness businesses over the next 10 years. We also begin ranting about why so many fitpros are failing right now, because they're not adapting to the new business ecosystem. If you're planning to scale your fitness business, increase your profit margins & hire an effective team this year, you need to listen in on this. Its the real business education the "online marketers" will never give you. TIMESTAMPS: 0:20 My trends & predictions for gym owners in 2020 7:25 The difference between freelance trainers and REAL fitness entrepreneurs (which are you?) 11:01 The last decade it was "cool" to be an entrepreneur. But here's why in the next decade its going to be "cool" to once again be an employee... 19:00 Gym owners are barely surviving because they think this way 24:30 The big-chain gyms are gunning for a piece of your boutique training market 33:22 The difference between structure vs culture. Having checklists & systems is great, but its not the key 38:35 Why your Facebook ads don't work any more... and what you need to do instead 41:00 The ULTIMATE advantage your gym needs to thrive in the next decade (your competitors will NOT do this) Apply for mentorship here: https://justindevonshire.com/ebb-mastermind => Message Me Your Questions or Comments on WhatsApp: my number is 00357 9680 6626 If you find this valuable please consider leaving a review of the podcast on iTunes! Reviews are how this show gets shown to more people and it truly helps me out so thank you. Hope you get value from this & it helps your business. If it does let me know by taking a SCREENSHOT & share to your socials, tagging @JustinDevonshire Here are some other ways you can get practical and PROVEN business growth strategies free: -Your facility stuck at £10k-£20k/month revenue? Take our FREE business diagnostic evaluation to get a specific plan with your next steps to scale to £50k/month and beyond>> https://FBBmentor.com - Join our free FREE COMMUNITY for fitness business owners for daily strategies, resources & discussions to help you grow your income & scale your business: http://bit.ly/2V2lYn9 - Listen to this podcast on iTunes: https://apple.co/2GFlKhF - Subscribe to our Youtube channel at: https://www.youtube.com/channel/UCGJBcJXnkEBY1ud71NUY2Ew - Follow me on Instagram for daily behind-the-scenes of running our businesses, and quick tips: https://www.instagram.com/justindevonshire/ - Read the FBB Blog, with some awesome posts you can use to get new clients TODAY - https://justindevonshire.com/blog/