In this video I talk about what I wish I knew before opening a basketball gym.. these are all lessons I learned in the process of opening and running my own basketball facility and all things I wish I knew earlier.
#1 expect it to take longer and cost more money than you think to open your gym. There are so many little expenses you won't even think of when going through the process and as the process elongates and takes more time, the cost increases as well. EXPECT this to happen.
#2 Expect it to be seasonal for rentals and training and factor that into revenue projections. If you are expecting every week to be perfect and super busy you will most likely be off in your projections so expect a few down weeks when seasons start, holidays, etc.
#3 Measure the TRUE net profit. You need to account for all your expenses that will add up each month to what you will really take home. There are so many expenses when it comes to running a basketball gym not just your lease+ utilities.
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