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Turn passion into profit using proven strategies.
I started with Two-Brain in March, and it's been the best decision I could have ever made for my business. Revenue growth was 83%. I hired my first, second, and third employees. Paid off all my credit card debt. Thank you, Daniel Purington, and everyone here, for all that you do.
We got the annual financial report for 2023 this week from our accountant (quite late). It showed 40% more profit than we had in 2022! Mostly thanks to starting with TBB in March of 2023. And this year is going to be significantly bigger.
Averaging a monthly revenue of $15k is a big stepping stone from our $5k/month when we first started. Also, managing to afford a full-time employee to help around the gym instead of working the full class schedule is amazing.
Our first full year operating was last year, and we did $150k. Projected close for 2024 is $253k.
This will be our first month breaking the £10k monthly revenue barrier, which is massive for us!!
Revenue PR for October was $17K and October 2023 was $6,800. Win.
PT PR with 82 personal training sessions in September. Revenue PR with $42k.
Had a fantastic chat with Daniel Purington this morning, and he wanted me to share my experience. After the call, I closed an OnRamp at $750 for the next 4 weeks.
Revenue Growth:
- January 2024: Moved to the new space and rebranded.
- February 2024: Joined Two-Brain with revenue of $3k from existing members.
- March 2024: Revenue of $6k.
- September 2024: This month to date is $14.5k, expecting to close with $16k.
2024 year in review:
- Revenue 59.7% increase
- NOB 63.2% Increase
- Payroll 134% increase
- OPEX 18% increase
The gym grew. I created opportunities for my staff. I increased my pay and maintained a 37% profit margin (including NOB). I grew my investment portfolio by 328%. I cannot thank this group enough, and my mentors.
A year ago, I was still teaching more than 25 hours of classes and personal training sessions. Starting in September, I'll only be teaching approximately 8 hours of classes and personal training sessions per week. Our social media will also be fully managed by a student we are currently training. This will also save me about 4 hours per week. Thanks, Coach Rickard Long!
I now have two part-time coaches handling my class schedule, and I've gone from coaching 22 classes a week to only 3. This is my LAST WEEK of coaching 40-50 hours a week.
Posting here to give Chris Cooper and TBB some love... In January, we sat down with our Two-Brain Business mentor, Ashley Haun, for a goal-planning session. When asked what our profit goals were, we said enough to pay the mortgage on our new house, two miles from the beach. We thought, maybe by the end of 2024, we could do that. WRITING THAT CHECK TODAY!! Mentorship is TOTALLY worth doing! I needed the accountability and wisdom of people who have gone before.
In November 2019, I moved closer to the gym to put in more effort and make it full-time. Then COVID hit, just as we were starting to gain some momentum. We bounced back, but the following year was just... stagnant. Enter Two-Brain in April 2023, and the graph tells the rest of the story. Never in my early days as a gym owner did I think we could reach 100 recurring members. We also have 40-50 youths in the gym at any given month, plus our postnatal crew, so all in, we're hovering around the 150 client mark. Whopper! I just want to thank Gary and Two-Brain again for making all of this possible.
We had 22 sign-ups this week and booked a holiday for May. We had our busiest year ever last year, beating the previous year by a large margin. A huge thanks to everyone in this group for the support, inspiration, and accountability. I couldn't recommend Two-Brain enough.
I have been a Two-Brain member for a little over a year now, and it has been THE BEST decision of my life. Period. It ignited my passion again, which was almost lost, and it provided the tools and strategy that made it easy to take actionable steps. Since we’ve been with Two-Brain, we have grown our members by 50% in one year!
2024 was the year I realized that, like most businesses, it's more than likely inevitable to not grow revenue every single month and year, year over year, forever. Especially after 12 years. It's also when I realized revenue isn't the only metric to measure growth or improvement. For example:
- My two main staff members will each earn over 80k.
- My net owner benefit was atop the Two-Brain leaderboard.
So, if you didn't grow in revenue, that's okay. Keep improving, keep doing the work, keep going.
Find out how a Two-Brain Mentor can helpyou grow your gym.
