From Broke Gym Owner to CEO

Summary

• When starting out, I managed my time carefully, working at my gym from 5:00 a.m. to 9:00 a.m., then going to my 9-to-5 job, and returning to the gym for evening sessions.
• It's important to invest wisely; all my income went into my struggling gym leaving us with nothing extra.
• I saw the value in gaining business skills, so I responded to an ad and convinced someone to invest $1,000 for coaching.
• By helping someone focus on making their gym profitable, he made $38,000 in just the first 30 days.
• The key lesson is to find immediate, actionable steps to start generating revenue, rather than jumping into a completely new business model.
• Sometimes, improving your current situation can be more advantageous than trying to build something entirely new from scratch.

Video

How To Take Action

I would suggest implementing a few key strategies to help improve your business or personal growth without spending a lot of money or time.

First, focus on utilizing your current resources. Instead of looking to start something new, improve what you already have. If you own a business, like a gym, make it your goal to increase its profitability before adding new ventures. Identify areas that can be optimized or improved, such as customer service, marketing, or pricing strategies.

Next, manage your time efficiently. When I started, I structured my day to maximize productivity: working at my gym early morning and late evening, around my 9-to-5 job. Create a schedule that allows you to dedicate focused time to your side business or personal goals without compromising your primary job.

Another actionable step is to seek affordable coaching or mentorship. Even if money is tight, investing in quality advice can have exponential returns. For example, I spent $1,000 on a coaching program and saw significant gains quickly. Look for cost-effective ways to gain knowledge and skills, like online courses, webinars, or local business groups.

Also, make decisions that generate immediate revenue. Focus on solutions that bring in income quickly rather than long-term, uncertain ventures. In the transcript, we turned a struggling gym profitable in a short time by honing in on effective, immediate actions.

Lastly, continue learning and adapting. Business and personal growth are continuous processes. Keep seeking knowledge and be open to making changes based on what you learn. This mindset will help you stay ahead and continuously improve.

By managing your time well, focusing on current resources, investing in affordable coaching, seeking quick revenue solutions, and continuously learning, you can achieve significant growth without a lot of upfront cost or time.

Full Transcript

his gym was losing money he was working a 9 to-5 job he would work from 5:00 a.m. to 9:00 a.m. at his gym teaching sessions he'd go to his job at 9:00 work from 9:00 to 5:00 go back to his gym teach all the evening sessions 5 6 7 8 his wife had just had a baby she was pregnant with her second child all of his income from his primary business went into the gym that was losing money and they had nothing left over he responded to an ad he was honestly the first 10 customers I sold and he's like I I would buy this I need this um but I just gave my last 10 grand or my only 10 grand to this coach that was going to teach me how to have an online Fitness business and I was like do you have an online Fitness business and he was like no I it didn't it didn't work or whatever well what if we just made your gym make money would that be more he's like yes I'm fine with just making my gym make money I asked him put 1,000 bucks down and he like put $1,000 onto a credit card or something and he made $38,000 in his first 30 days