 Hey, what's up, coach? Welcome back to the channel. I'm really excited about the next several videos that I'm filming here This is all gonna be about renting leasing having your own facility and I'm gonna share a lot about What I know from personal experience what I've seen and what we've coached hundreds of coaches on over the past seven years that have been in Spots where they don't have a facility. They do everything outside Some do have a facility that they lease from some just rent out from churches or schools or organizations And we're gonna talk about the differences with everything. I'm also gonna try to give you some Really important things to consider and think about before you make decisions like this This way you have all the information at your fingertips The intent is you watch these episodes in order because if you start on video five not gonna really make sense Unless you watch the first couple videos so today this is a question that I get asked all the time and I just wanted to create this video to just make this like a One-and-done type of response. This has to do with you renting coaches will ask me all the time they'll say hey, I have a facility that I can run my sessions up and They will let me do it for free as long as they take ownership They they have a percentage of ownership in my business I have seen so many coaches that have gotten caught in this trap Which is hey, don't give us any money that you can train as many hours as you want here for free, but Every single session you run we're gonna get 30% or 40% of all the revenue the reason why this is a terrible deal for you It's because at the beginning you might be like, oh man, this is awesome Like I don't have to pay any rent so there's zero risk But problem is every single hour that you're working You're giving a percentage of that to someone else who's not doing any of the work and when you run the numbers You're going to see it's going to be way more profitable for you to go spin the money on rent versus doing it at a place for free if they own a percentage of your business and Here's some proof. All right every single coach that I've ever talked to that has done that I Always follow up with them in like a year and I'm like, hey, are you still there? They're like nope Like good your your business is way more profitable now. Even if you're spending like a $1,000 or $1,500 per month on rent or even more than that because I always ask these coaches when I talk to them on the phone I say hey if you start making $10,000 per month and They own 40% of your business that means they're going to make $4,000 per month off of your work And they're not doing anything to get you any clients. They're just giving you a place to do it So don't you think it's going to make more sense to find a place that's $4,000 per month or less To be able to operate your business and own a hundred percent of the income. All right so this is one of those things so many coaches get trapped in these deals where because it's free rent or it's like real low cost and then That facility owner is getting money on the back end of your business Please don't do it if you're watching this video never do it. It's never going to make sense Long term like maybe if you do that short term for like two months It because you need a place to go and operate out of sure But long term it is never going to be a good business move for you because the second you start making more money They start making more money too. All right, because their percentage is it's gonna stay or possibly It's going to increase because they can renegotiate the terms whenever they want if they see you have 30 kids per hour in your sessions They might say yeah, we like if you want to keep doing here We need 50% of their revenue and this goes along with 101 training group training camps or clinics this partnership thing where they get a Percentage it is not a good deal for you I'm very one-sided on this because I've seen enough people who have done that and then the second they break away from that their businesses are more profitable and they just go rent something that is like Way way way cheaper than the amount that they've given these facilities at a partnership watch our next episode that I'm gonna post and that's gonna be Very detailed for you if you want to learn more about Leasing verse renting alright, so if you want to learn more about that come back watch the next episode Do you have any questions for me about growing your business scroll down and link the description somewhere there You're gonna see my phone number. Just send me a text. I'd love to chat with you and hope this video helped