Quantcast
fastlane insider
Results 1 to 7 of 7

Thread: Transforming Slowlane to Fastlane

  1. #1
    MJ DeMarco is offline
    Author of TMF
    Reputation Speed
    Admin

    Joined
    Jul 2007
    Locale
    Phoenix, AZ
    Posts
    11,201

    MJ DeMarco's Avatar

    Default Transforming Slowlane to Fastlane

    Just read a great article about a gym owner who transformed his business from Slowlane to Fastlane. During his Slowlane process, he was quoted as saying
    "I saw my kids only twice a day - when they woke up and when they went to bed. That year I decided to sell the gyms."


    Basically, he paired-down the gym offerings and removed costly, time consuming "amenities". Then to kick-start the fastlane process, started franchising.

    Today the chain has 160,000 members and 1,173 franchises in 45 states - the projected revenue (16M) for 2007 listed in the article must be misprint. With 160K members, projected revenues should be near $50 million.

    Link to article:
    http://money.cnn.com/2008/02/06/smbu....fsb/index.htm
    The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
    "Better than RichDad PoorDad..."
    "One of the best books on making money out there..." "Makes Think-and-Grow-Rich seem amateur"
    "This book is bad azz!" "Absolutely loved it; couldn't put it down!" "Definitely life changing and paradigm shifting!"
    Download FREE Chapters ~ Read the Raves ~ Get the Book ~ Learn More ~ Facebook ~ Twitter

  2. #2
    Jorge is offline
    Fastlane Veteran
    Reputation Speed
    85 kph

    Joined
    Oct 2007
    Locale
    Mendoza, Argentina
    Age
    31
    Posts
    586
    Jorge's Avatar

    Default Re: Transforming Slowlane to Fastlane

    Great article! This is one of the rules:

    ANY business can be turned into fastlane

  3. #3
    8 SNAKE is offline
    Fastlane Driver
    Reputation Speed
    80 kph

    Joined
    Aug 2007
    Locale
    Midwest
    Posts
    240

    Default Re: Transforming Slowlane to Fastlane

    MJ, funny you should post this article. A Snap franchise just opened in my town a few weeks ago and I was curious about the company. Now I know.

  4. #4
    GettingThere is offline
    Fastlane Driver
    Reputation Speed
    35 kph

    Joined
    Dec 2007
    Locale
    Central Florida
    Age
    30
    Posts
    179

    Default Re: Transforming Slowlane to Fastlane

    I have noticed lately that I find myself looking at little mom & pop type businesses and thinking of how they could be scaled or expanded to fastlane ideals.

    At first it was difficult, but I have begun to sort of free my mind enough to conceive this expansion process on a regular basis for various types of companies. Through this simple deviation from my everyday thoughts, I have found that tuning out the "that would never work" attitude gets easier, the more I do it. It's a small step in changing my reality (as RK describes).

    -John

  5. #5
    Jito is offline
    Fastlane Driver
    Reputation Speed
    40 kph

    Joined
    Dec 2007
    Locale
    Bay Area
    Posts
    148

    Default Re: Transforming Slowlane to Fastlane

    I think a no frills gym is a great concept. I only use free weights, and the elliptical machine. Group exercise, yoga, spinning, cardio kick boxing...no thanks. My belief in the beauty of simple business concepts is reaffirmed.

  6. #6
    biophase is offline
    Fastlane Legend
    Reputation Speed
    295 kph

    Joined
    Jul 2007
    Locale
    Scottsdale, AZ
    Posts
    2,529

    Default Re: Transforming Slowlane to Fastlane

    I"m surprised that they can charge $35/mo still for a no frills gym.

    Here in Phoenix I pay $35 for LA Fitness.
    Pure Fitness is $19.99/mo and the same concept.
    24hr Fitness is around $35-$40 I think.

  7. #7
    Rawr is offline
    Fastlane Expert
    Reputation Speed
    130 kph

    Joined
    Aug 2007
    Locale
    Midwest
    Age
    28
    Posts
    1,099
    Rawr's Avatar

    Default Re: Transforming Slowlane to Fastlane

    Based on what I see around here, pompous gyms like Anytime Fitness are making serious $$$ - they are always busy, and they charge something ridiculous $50 for the status of working out at a premier facility. There are people who are willing to pay - usually mid-upper class.


    On the other side, there is 19 fitness - simple gym, $19 per month but if you go 7 times a month (i believe) your insurance covers it and it's free. THAT is a cool concept.
    If you do what most people won't, you will live like most people can't. MJ
    If you want to make money in life, you have to be a leader and not a follower. - Peter2

  8. Speed Up Your Fastlane Process! MJ Recommends The Following Books...

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •