“Money follows excellence.” “Excellence leaves clues.” These are the phrases we repeat to ourselves. We chant them while we’re mopping. We accept them as answers to the question, “How do I run a good gym?” Without a definition, excellence is a moving target. Without objective measurement, excellence will always be a wish. Last month, I asked Greg Glassman for a metric that would define a “successful” gym. He didn’t give me a hard number right away, but when pressed, he agreed that “Profit” is an undeniable part of excellence. I took the question to the Mentoring Team at TwoBrain. The unanimous answer was “profit.” There were dozens of others (like ARM and LEG) that are correlates of profit, and subjective answers like “perfect day.” I agree with all of them. Then one senior mentor said, “The ability to stay profitable long-term.” So profit over TIME might be a better answer. As you and I have both experienced, it’s all too easy to have one amazing month, feel like we’re on top of the world…and then have a terrible month immediately afterward. I think “Excellence” in the fitness business can be measured in 7 different ways: First, numerically–both the most accurate and the most stark. Are you profitable, or not? If you’re not profitable–including paying yourself a wage that supports your lifestyle–the rest doesn’t matter, because it will all go away if you can’t survive. Second, subjectively (owner lifestyle.) This is the owner’s “Perfect Day”. We ask owners to define their “Perfect Day” before we start the Incubator so that we have a clear “Point B” to aim for. It’s simply too easy to say “My life is pretty good…” and accept mediocrity unless you set a clear goal. Third, Coach Education and Opportunity. No matter how great your gym, or how profitable in the short-term, if your key staff continues to leave, you’ll always be fragile. Fourth, Culture. Believing that ...
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