The majority of businesses that have business problems ignore the business side of things, right? The second you hire people, it's like having a kid. You are no longer in control of your time and life. You have to trust one another. If you don't trust where this operation's going and the people that you're doing it with, it's never going to work.

It's time to sit down, keep it real, and cut the bullshit.

Welcome to Table Talk.

All right, guys, we're back with another episode of Table Talk.

I have Joe and Dan back from the Varsity House. They were on podcast 323. We're going to be talking about business and the strength world and the gym world.

And to put a little bit of context into this, you guys are, I believe, one year away from 20 years.

Yeah. Yeah.

And so I looked this up last night.

We already know the stats as far as businesses and failures, right?

So most fail, 50% fail within the first five years.

According to the Bureau's statistics, about 20% of small businesses fail in the first year,

roughly 50% fall by year 5, by year 10, 60 to 70% fall.

When you get into the year 20, you're dealing with like 80, 85%.

When you're dealing with gym businesses specifically, there's other things

that play into that, such as high fixed costs, leases, equipment, insurance, staffing, shifting

trends, which you've seen, you know, can kill a gym business. For an example, in CrossFit, was it its popularity? It was just

wiping out other businesses left and right. That would be probably the biggest trend that went

through that kind of crushed things. The churn rate is still a difficult thing to kind of manage,

and at least we forget the pandemic, know having to manage that and so the

the best i could get gpt right prompting all that is about 10% of gym businesses will make it 20 years

which puts you in a category that's ridiculous, right? So across the board, just look at it. It's weird to think about it. When you say it like that, it's, I don't know, I mean, I never show up every day thinking about that. I mean, Dan and I think of just, you know, I don't know, we made a commitment to each other. We made a commitment to a brand. We made a commitment to a bunch of people. Our families, our wives. It's like, you know, and we just keep showing up every day. And, you know, of course, like every business, we've had a boatload of problems, issues, things that had to get fixed. And I think we've just been super committed to each other. We still do. We still do. Yeah, we still do. Tons of stuff. We're talking about at dinner last night. And, you know, we're over on the wall just like, you know, you're being in a space like this, just sparks creativity. We don't have anything in our gym that symbolizes that we started in 2006, almost nothing.

Yeah.

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