Speaker and Health Club Insurance Expert Ken Reinig on Future Fitness Business Trend
Ken Reinig, speaker and health club insurance expert points out the trend that is leading to the future success of fitness gyms and clubs and offers thoughts on how to jump into the arena intelligently instead of inexpensively.
Lakewood, Co: February 16, 2017– Ken Reinig, well-known risk management specialist, posted a new article on his website entitled “Don’t Miss the Future of Fitness Clubs and Gyms,” in which Mr. Reinig offers helpful information that guides owners to the future while avoiding liability claims.
Reinig writes, “For years now, one of the fastest growing segments in the fitness business is in the area of personal training. Within that segment we’ve also seen a new branch taking shape. This is and area called small group personal training (SGPT).” He continues adding, “It is becoming more popular than one-on-one personal training for a variety of reasons. In addition, it’s a revenue stream that even the big box gyms get. They understand that relying exclusively on revenue generated from monthly memberships is not the future.”
According to Reinig, “Personal training in a gym can operate as its own profit center. Providing this type of service can also affect the renewal retention in gyms that rely heavily on membership sales.” He elaborates, “Every fitness club owner understands the potential revenue that can be generated from personal training but most still struggle with the best method to bring personal training into their business model.”
“The challenge many club owners have when they decide to get into the personal training business,” Reinig says, “is that they try to do it as inexpensively as possible.” He continues, “So many go the route that seems to be the simplest: they make their persona trainers “independent contractors” rather than employees. And this is where things can get tricky and can even end up destroying a club.”
Learn more about Ken Reinig at theinsuranceguy.com
The entire article can be read at http://theinsuranceguy.com/dont-miss-the-future-of-fitness-clubs-and-gyms/
About Ken Reinig:
The fitness industry’s leading risk management specialist, Ken is the past president and founder of Association Insurance Group and has been insuring health clubs, instructors, and personal trainers for over 20 years.