Chapter 4

Is the gym profitable, or just the owner's wallet?

Phòng tập có lãi, hay chỉ là ví tiền của chủ?

The chapter's question

How much am I paying myself, and on which line does it sit?

Big idea

An owner who withdraws money at will has found the fastest way never to know whether the gym is profitable.

In this chapter

  1. Part 4.1

    Two Accounts

    Are the gym's money and my own money in the same place?

  2. Part 4.2

    The Owner's Wage

    If I hired someone to do what I do, what would it cost?

  3. Part 4.3

    Taking Profit on a Schedule

    Do I draw on a schedule or whenever there is a surplus?

  4. Part 4.4

    Unpaid Family Labour

    How many hours do family members work that never appear as a cost?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of A Gym's Money is free to read right here.

Read in Conan School

Chapters of A Gym's Money

  1. 1.Is annual membership cash really ours yet?
  2. 2.Full reports, or just the right few numbers?
  3. 3.Are we growing, or just outrunning the members who leave?
  4. 4.Is the gym profitable, or just the owner's wallet?
  5. 5.If new signups stopped, how long would we survive?