He made $1M a year but took home $1K. This is what he did wrong.

I had a guy call me, asked him what his income was for the gym per month and he said 103,000. And then I asked him what his expenses was and he's telling me 99 to 102. So I said, hold on a minute, you're making over a million a year and you're putting a thousand bucks in your pocket? And I had to have this heart-to-heart with him over the phone that I don't understand, he had 27 employees for the same size gym as mine. I didn't understand. I said, buddy, I said, you gotta cut the fat and get back in the trenches because I bet you used to clean the bathroom. I bet you used to vacuum the floors. He didn't even want to go back into his own gym. So many people, they'll have a seven figure, eight figure business, but they hired so many employees, literally they're barely profitable. That's right, true. That's right, true. Now, you gotta make sure you're not overspending, but you also gotta make sure your staff too. You don't want to overstaff and you want to make sure you're running logistics of your company in the right manner. But yes, you know, I talk about this all the time, like everyone's like, man, how much gross sales you do? No, it's about how much money you can make. And it's also where the stage you're at. You could be a growth company in in growth stage and you could be losing money for years. That's part of the game, too. You gotta really evaluate where you are, but make sure always try to keep things lean and mean. I kept things so lean for so many years, you have no idea. That's what allowed me to get to where I've gotten to and yeah.