Not going to lie, I have little experience with such gyms so please correct me if I am wrong, but they are not too dissimilar from gift certificates. So it’s still a call option contract, just not on a monthly expiration but an annual basis. And the beauty of this is they can expect that there is a chance you will forget about a ticket or two or you just give up on going to the gym in general. Tickets are often used as a try before you buy method for a gym, but many traditional gyms offer a day free to convince people to get the membership. The idea is still... (read more)
I read somewhere that gyms are designed to maximize members and minimize users. This makes sense when one thinks about it. Members pay money, whether they use the gym services or not. Users require equipment and employees to manage the equipment. Users also want classes with instructors and showers with hot water. Members are very non demanding people. Gym users are demanding. Gyms therefore are a very interesting model to look at for how they are set up and priced. A gym that is packed to the gills has minimized the equipment and space needed per gym user (lowering that pesky cost in the denominator of their margin). But they are not... (read 2432 more words →)
Bird Park I think. I am planning on being there at around eleven. Even if no one shows my fiancé and I like wandering around Balboa so I’ll be there. I’ll be wearing shorts, a blue plaid shirt, and a grey Colorado cap.