83: Goal Setting For Intentional Growth

In this episode, Tim and Randy will talk goal setting in 2020 from a gym owner’s side of things. In January, everybody sets, tries to set, or at least aims at setting new year's resolutions, and gym owners are no exception when it comes to their fitness facilities. We all have a million things that we have great intentions around, especially at the beginning of a year, but it takes applying action and deliberately working on those things to be successful in achieving them. The same applies to the business-oriented goal setting for a gym business. The first thing a gym owner must look at is where they are at with their fitness facility, and then focus on what they desire to achieve. They have to determine everything they need to get from the business so they can come up with the steps they have to take to accomplish that. It’s only after that that they can start setting their priorities/goals and their intentions on a daily or monthly basis. It’s also important to set crazy big goals so one can push themselves to accomplish them by starting with their smaller goals and working their way up to the bigger ones. For more on how to set goals that will help you make more money, keep more money, or give yourself more time freedom in 2020, listen in as Tim and Randy dive deeper into that. Key Takeaways:A goal is not a goal unless it's written and has a date of completion (05:37)The vessel that feeds the business owner’s desired lifestyle (06:19)Focusing on the income-producing activities first (07:04)Helping gym owners step away and the truth about gyms losing clients in January (08:42)Focusing more on net profit than gross revenue and running a lean business (11:43)The power of “Profit First”, its complications and how some people are successful with it (14:07)Reducing your expenses and being efficient with payroll by not over-staffing (18:34)Going big in 2020 and the importance of gym owners having their own fitness-oriented goals (22:31)Additional Resources:Profit First By Mike MichalowiczMarketing Talk with Fitness Professionals Facebook Groupwww.PFMarketingSolutions.com/Automationwww.ProfitGPS.comwww.PFMarketingSolutions.com/Call--If you are interested in a free audit for your gym, visit http://bit.ly/free_gym_audit--You can find out more about Tim and the strategies covered in this episode by checking out our website.--Would you rather watch the video version instead?Head over to our YouTube channel to watch this episode by going here--If you don’t already have my book, get your copy FREE here.--Connect with Tim:Schedule A CallFacebookInstagramLinkedInConnect with Randy:FacebookInstagram--Subscribe to the podcast on Apple, Spotify, Google, Stitcher, YouTube or anywhere else you listen to your podcasts.If you haven't already, please rate and review the podcast on Apple Podcasts!

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