Profits vs Owner Benefits

Excerpts:"I don't even think it's about profit, which is completely different than anybody else, I think is about owner benefit. And what I mean by that is, how much are you as the owner benefiting from the spoils of your operation? Not how much you have in profit, per se." "It's not necessarily how much profit you make, it's how much you personally benefit. You took the risk, you invested your time, blood, sweat and tears, and money financially, you put all that on the line? What are you benefiting from it?" "Profit is important. But I would say owner benefit, probably Trump's that, in regards to a lifestyle business, and that's a business that you run this supports your lifestyle supports your family." "Mo Money Mo Problems." Key TakeawaysGrowth Summit info (0:24)Not about profit, about owner benefit (4:09)The master's Tax (5:45)You've got to pay yourself a wage (8:35)Cash Flow (12:15)State of the fitness report (13:55)Gym survey (15:52)Additional Resources:https://winninggym.com/scottsdalewww.PFMarketingSolutions.com/Callpfmarketingsolutions.com/automationwww.CLACourse.comwww.ProFitGPS.netMarketing Talk with Fitness Professionals Facebook Grouphttps://PFMarketingSolutions.com/Data--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

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