211: How Your Gym Can Prepare and Succeed in the Recession 2022 | The GSD Show
Behind Gym Doors | A Fitness Business Podcast · Mike Arce
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Show Notes
In this episode of The GSD Show, the leading fitness business podcast, we're talking about how your gym can be successful in the recession. In fact, many big-name companies actually started in a recession.
Imagine 2 people are going bowling.
Person A: Amazing at bowling, gets strikes & doesn't need bumpers. She scored a 180.
Person B: Doesn't play often, needs bumpers to help him knock down pins. He scored a 181.
If a random person were to see their scores at the end of the day, they would think these two bowlers were neck and neck when in reality, Person B had a HUGE advantage.
This is what it's like in a good economy: bumpers to help you win. When a recession hits, bumpers come down and this is where we see the true winners come out. In a recession, Person B only scores 50 points.
As of July (when this episode was filmed) economists are predicting a recession coming our way. Don't let your gym be unprepared.
Watch to learn about the fundamentals your gym should be starting NOW to not only beat the recession, but succeed in it too!
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Mike Arce- CEO & Founder of Loud Rumor
Loud Rumor- Where the Best Gyms Go to Grow
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Mike Arce: https://www.linkedin.com/in/mikearcelive/
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