248 – John Briggs – Profit First for Micro Gyms

John Briggs
John Briggs

John Briggs (john @ incitetax.com), is a tax genius and runs Incite Tax and Accounting in Sandy, Utah, a multi-million-dollar firm and the largest in the country, adapting Michalowicz’s Profit First concept serving micro gym owners focusing on tax and cash-flow strategies. He has been featured in CrossFit Journal, Box Pro Magazine, and on micro gym podcasts such as Two-Brain Radio, WTF Gym Talk and The 321 Podcast.

John has been sharing his expertise in fitness business events like the Gym Owner’s Growth Summit, ProfitCON and Two-Brain Summit. His book, Profit First for Microgyms, presents a step-by-step plan to help transform microgyms into a profitable business.

Jump start your gym’s cashflow using John’s free 5-Day Challenge Program

In this episode, John Briggs shares his expertise on tax and accounting, profit first system for micro gyms, tools and tips for startup gyms, financial best practices for fitness business, and much more. 

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Show Notes

  • 7:34 – What is the Profit First system?
  • 13:32 – Profit First for micro gyms 
  • 21:26 – Profit first tips and financial best practices
  • 26:18 – Productive Expenses vs. Unproductive Expenses
  • 32:37 – Best tools/software for startup gyms
  • 36:15 – Is a special launch necessary for new gyms?
  • 41:28 – Common fitness business death traps
  • 48:47 – Important KPIs for micro gyms

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