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5 Ways to Grow Your Fitness Business Without Breaking the Bank

5 Ways To Grow Your Fitness Business Without Breaking The Bank Business growth often requires hefty investment, but there are ways of growing and improving your fitness business without spending a huge chunk of cash. If you’re trying to build your gym or fitness business on a conservative budget, take a look at the following …

Capital Allowances 130% Superpower! Kapow!Invest now or later?

Capital Allowances. Invest now or later? Earlier this year, you may have seen in the news – or online – talk of a new super duper 130% Capital Allowances deduction intended to accelerate investment by businesses. AKA the Capital Allowances Superpower! But unless you’re already claiming capital allowances tax relief, this might not mean much …

How do you know if your fitness business is profitable?

How do you know if your fitness business is profitable? As a gym owner or fitness business owner, you always have a million-and-one things to think about. It can be difficult to stay on top of the numbers and know which ones matter when it comes to the financial health of your business. However, it’s …

What can a virtual finance director do for your fitness business?

What can a virtual finance director do for your fitness business? After a sustained period of growth, business owners often find themselves in a tricky position. The business now requires an experienced professional to take charge of the finances, but hiring an in-house finance director is still out of reach. In this case, it’s time …

How can gyms make a profit, besides membership?

How can gyms make a profit, besides membership? https://southbourneaccountancy.co.uk/wp-content/uploads/2021/05/Revenue-Streams.mp4 Over the past year gyms and fitness centres have been looking at different ways to add profit to their business, with covid meaning bricks and mortar businesses have been closed, many have “pivoted” to online.    An online and offline gym offering are not the only …

The accounting trends you need to know about in 2021

The accounting trends you need to know about in 2021 As a business owner, it’s important to stay on top of accounting trends and make them work for your organisation. If you don’t stay up-to-date you might just find yourself left in the dust whilst your competitors improve their efficiency with the latest and greatest …

Four ways to Reduce costs and Boost your Profitability

Four ways to reduce costs and boost your profitability Not sure why your bottom line isn’t pretty? Sometimes, overspending can hurt your profitability despite your record sales. Profitability doesn’t only come from sales numbers. And a profitable business isn’t always the one with the most members and the highest sales. The sign of a business …

What are the benefits of paying by direct debit?

Why direct debit is beneficial to you When deciding which accountant best suits your business, understanding how you will be charged for those services may be a key component. Will you have one large bill after the accountant has finalised your accounts and will you know when this might be? Even though the cost of …

Thinking of changing accountant but worried that it is too hard?

Thinking of changing accountant but worried that it is too hard or you are too busy I have seen this regularly, you are comfortable with your current accountant, they are not doing anything wrong as such, the accounts are submitted on time and you are compliant. But it has been playing on your mind that …