The COVID-19 pandemic has drastically changed the fitness industry as we know it. The financial impact to clubs across the world has been massive. As countries slowly begin the process of recovering from this global pandemic, health clubs are among the first businesses allowed to reopen in some areas. As a health club operator, you’ve likely reconsidered your financial strategy many times in the last few months, and as you reopen, you’ll need to take an even closer look.
We’ve put together lists of items you should consider under three areas:
- Financial health
- Revenue streams
- Cost centers
Our hope is that these lists will help you navigate your financial strategy when opening your business following COVID-19 closures.