 Hey, what's up, coach welcome back to the channel and today I'm going to show you the four things that I would do personally if I had to start paying for rent and I was going to move my training business aside. I would make sure these things are done before I give any facility owner any of my money. Pay attention to these four things going to really help you out know my notepad. The first one is all about profit margin. What I want you to think about is ask yourself this question is everything that I do in my business group training or one-on-one training if you're doing everything one-on-one it's really difficult to make rent work because you have so many one-on-one hours that you're training and every single hour that you have to rent from someone means you're having to pay them more money. What we do is we transition everything into group training or we have another trainer who can run another one-on-one session with you at the same time so you're maximizing that time. We'll go into more details on that later in this video but profit margin is really huge because a lot of coaches never get to a point where they can afford rent because it doesn't make sense for them. If they're spending $50 per hour on rent and they're charging $70 for a one-on-one session we're making $20. Doesn't make sense to do that and it doesn't make sense to run multiple sessions per day because you're barely going to make any money doing it that way. Now if you have things set up in groups it's very different because you're able to make way more money per hour than you would if you're doing one-on-one. The right business model is really key when you decide to rent. That's number one. Number two this is like a really really important one all the coaches that I work with for the most part are doing what I'm about to show you which is can I run one clinic per month and use that revenue to pay for all of the rent. I'm just going to use this example. Let's say you spend $1,000 per month on rent and it could be more it could be less but I'm just using this number to be simple here. Spend $1,000 per month on rent. If I just run one clinic and get 20 athletes the parents pay 50 bucks each. Really doable to do that. It's really affordable for a lot of people. I have that $1,000 now and I'm just going to flip that back and pay for rent. This way I have zero risk running my business because I know I'm going to run a clinic once per month and I'm going to use that revenue to pay off my rent. Everything is free like all of my rent is free beyond that because I already have the money to allocate for rent and it's a simple concept because a lot of coaches are afraid to go spend money on rent because they don't know how much money they're going to make. When you can schedule out clinics and you promote those hard getting 20 people to pay you $50 is very easy to do. If you're good at marketing right pretty easy. We want you to run this risk-free the third one. This is the biggest problem that coaches make that I see when they try to go rent from school organization church doesn't matter who you rent from but this is the biggest problem I see it's do I have a consistent time slot every week? And if the answer is no do not do business with that person. Don't give anyone money unless they have a consistent day consistent time and you're on like some sort of contract with them. This way you have dedicated days for your clients because your clients will never stay committed to your program if on one week they're training with you Tuesday at five and then the next week it's Sunday at three o'clock in the morning right. We need to have consistency and you're never going to be able to sell long term commitments to anyone unless you have consistency with your schedule and why would anyone buy anything long term from you up front if they don't know when they're going to train so having set days and set times that is so key never make that mistake and I've seen too many people make the mistake that's why I'm bringing it up and if I was going to go rent from anyone today we're going to be on a contract and I know that we're going to have set days and set times the next one here I kind of talked about this a little bit earlier in the video but this is so important I'm just going to pretend that you're training a group of four you have a group of four and your clients are paying $200 per month so that one group you're generating $800 per month if you're training them once per week that's technically making $200 per hour that's awesome but let's say you're spending $50 per hour on rent okay that means you're not making $200 per hour anymore you're making $150 per hour most coaches would be really happy making $150 per hour I mean you run a couple of sessions like that per day I mean you can come away with four or five hundred dollars that's awesome now let me show you something though which is way more awesome let's say you have that group of four here and at the same time you have another coach that you're paying $30 per hour here and he's training a group of four under your company so you guys are in the same spot same time and the difference is you're able to train twice the amount of clients so now you're going to be making $300 so not 150 you're making $300 per hour and you're spending the same amount in rent so you're still spending $50 but now we're maximizing the time that you're spending inside of the gym by having another coach so you're paying the $30 for the coach spending $50 on the gym spending $80 but we are still profiting you're profiting at that point $300 per hour run three sessions per day making $900 per day it is not rocket science to do that I'm just laying that out for you but a lot of coaches get stuck spending money on a gym and then they're not maximizing the gym the way that they could because of that they end up not wanting to rent because they can't afford it the way you can afford it like I said earlier run a clinic per month have another coach with you that's running sessions to maximize that time slot when you do that ultimately you're just going to need like a couple of hours per month in the gym and it's not that difficult to make six figures in this business renting from someone if you have your systems in place if you're watching this video you want to get more detailed more organized with their business you want to start maximizing the potential of your company go down here you're going to see my number somewhere just text me I'll get back to you probably the next day that's it catch you later