Chapter 4

Am I opening a gym, or placing a bet?

Mình đang mở phòng tập, hay đang mở một canh bạc?

The chapter's question

How many paying members do I need each month to cover costs?

Big idea

The break-even membership number is the most important number before signing anything.

In this chapter

  1. Part 4.1

    Monthly Fixed Costs

    What are my rent, wages and utilities?

  2. Part 4.2

    Revenue per Member

    What does one member bring in per month?

  3. Part 4.3

    The Break-Even Count

    How many members do those two numbers imply?

  4. Part 4.4

    How Long to Get There

    From opening to reaching that number, how many months?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of Before You Open is free to read right here.

Read in Conan School

Chapters of Before You Open

  1. 1.Is a gym for everyone a gym for no one?
  2. 2.Can great coaches save the wrong location?
  3. 3.Do more machines really make a better gym?
  4. 4.Am I opening a gym, or placing a bet?
  5. 5.Do new gyms die from no members, or no cash?