At first glance, profit appears to be the golden metric for any business owner. You want to know how much money you’re really taking home every month and it’s a great indication of success. The issue generally is that not every platform allows you to accurately view your profit numbers.
In order to accurately calculate your profit every month, you can visit the Arbox platform and use our extensive reporting features to find all of your receivables and revenue numbers and then subtract your expenses to find your profit. Also, the Arbox dashboard does feature a report about open debts to help you calculate outstanding costs and how those factor into your overall profit numbers.
Remember, profit is not revenue. We covered total revenue in a previous article, but when trying to find your bottom line profit, you need to find exactly what your actual profit is after all expenses have gone through.
Regardless of how you calculate it, knowing your profit margins is essential for running your gym business, which is why it’s on the Two-Brain Business list of top metrics.
If you’d like to know more about setting up your gym with the Arbox platform and seeing these numbers in action click here to schedule a demo with our team. To take your gym business even further, you can click here to schedule a call with a Two Brain Business mentor.
