How to Pay Your Coaches Well Without Going Broke
Is your gym ready to hire a full-time coach? Use our free calculator to find out. Hiring is scary. You’re taking on real financial risk, and you can’t know in advance whether it will pay off. In this episode of “Run a Profitable Gym,” Two-Brain Business CEO John Franklin shows you how to figure out how much you can afford to spend on staff, how much to pay your next hire and how to tell whether that hire is working. John walks through how to find the fair market value of your own work, what your gym’s real profit looks like once you account for it and how to calculate your salary cap. He also explains how to give a new hire a 90-day trial so you know whether the investment is paying off. Tune in to learn how to hire with a plan instead of a guess. Links Full-Time Coach Calculator Gym Owners United Book a Call 0:00 - Why staffing feels so risky 0:35 - Why burnout comes back to hiring 1:36 - What your own work is really worth 2:58 - Is your gym actually profitable? 3:28 - What to do if you’re not profitable yet 4:13 - How to calculate your salary cap 6:12 - How to raise your salary cap 7:54 - How to know if a hire is working 8:59 - How to hire with confidence
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