In this episode, John Franklin (https://twitter.com/johnisbuilding?la...) and Mateo Lopez are joined by Emmy Simpkins (https://www.instagram.com/simpkins_emmy/) from SYST[EM] Athletics (https://www.instagram.com/system_athletics/). They talk about the common mistakes gym owners make in business partnerships and the right ways to approach them. P.S. If you like the show, then you'll love the Gym World newsletter. Every Friday, John Franklin breaks down the possibilities of making money in the fitness industry. Subscribe here (https://usekilo.com/gym-world/) so you don't miss out. Show Notes: (00:00) Introducing Emmy (13:54) Structuring a partnership do's and don'ts (18:12) What is a buy-sell agreement? (23:04) Business partnership dynamics (29:57) Business valuation and financial management (34:14) Starting personal training and building an income stream (46:09) Elements needed to run a better gym business (50:48) Ending a partnership and starting a new gym (58:51) Developing a new training concept (1:03:57) Marketing and building a strong clientele (1:08:27) Where to go if you want to find Emmy