Tips for Keeping Your CrossFit Gym Profitable 

CERTIFIED FINANCIAL PLANNER™ professional Outside the Box Financial Planning in Niles Advises CrossFit Gym Owners

Niles-based CERTIFIED FINANCIAL PLANNER™ professional Outside the Box Financial Planning has been working with CrossFit Gym owners for many years. Owner Ivan Havrylyan has a special interest in the field of fitness, having advised a number of gym owners in the Chicagoland area. Below he shared some tips for maximizing the cash flow at your Chicago area CrossFit gym:

• Plan for fat and lean months. Typically, the start of the year brings in more business, whereas the summer can be quiet. If you anticipate this in advance and plan for it, you’ll be ahead of the game.

• Maintain an adequate Emergency Fund for your CrossFit business, so you have access to adequate funds in the event of an emergency.

• Use a high-interest savings account for your Emergency Fund or to set aside cash for a big equipment purchase, such as investing in a half dozen Assault bikes. These savings accounts can put some valuable cash in your pocket!

For customized financial advice for your CrossFit gym, contact Niles-based Outside the Box Financial Planning to schedule a free consultation.