The 'Issue' Is Finance

The 'solution' is to invest your facility's budget in activities that will grow your business to bring in more profits, and, more importantly, that will increase the value of your business.

"Most managers focus on what hurts the most," says Will Phillips, founder and CEO of Rex Roundtables for Executives. "This will cause trouble, because you will manage what's in trouble and not what's important." This couldn't be a more crucial piece to the fitness business operations puzzle. It's a matter of preventive maintenance, rather than sick care. Focusing on activities versus results, says Phillips, is what will take facility managers past just looking at growth and profit to actually increasing the value of their business - better known as the equity side of the business.

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