Episodes

"We do not have any tech available that's better than our ears and our mouths . . . we've spent 300,000 years becoming the best communicators this planet has ever seen using our voices and our ears," states Celeste Headlee, a journalist for over 20 years, author and TED Talk speaker whose video hit over 24 million views. "Email is not faster, is more prone to miscommunication, and makes people more prone to irritation . . . all of the assumptions we make to avoid actual conversations are just fl...

Eleiko is a Swedish based, 60+ year, family owned, seminal brand in the HALO sector founded in 1920's which has a massive following among strength athletes globally. "Quality has always been at the core of what we do," states Erik Blomberg, CEO. "We want to bring design into strength equipment, an area that's been lacking for many years . . . We're looking to create the ultimate lifting experience for people that feels as if it's part of your body." Pete chats with brothers Erik and Rickard on t...

Praveen Kashyap is the CEO of Smart Health Clubs and a self- professed, "Born inventor, engineer, and now entrepreneur!" He came to the USA in 1987, did his Ph.D in Computer Science, and among his many other achievements, led the Samsung digital R&D group for the very first smart TV. He partnered with Mike Alpert, COO, and a 20+ year industry veteran. "We took the vision Mike had of single platform that does everything and would be member facing . . . and that's what we built." They chat about t...

"Exercising at home is unstructured. As great as it is . . . there's nothing more beneficial than being in a gym with a good personal trainer . . . clarifying that what you've read online is what you should (or shouldn't!) be doing . . . I don't buy into the idea that gyms and health clubs are dead," says Dr. Reardon, Founder of FitnessGenes and long time fan of the industry. In this provocative, wide-ranging chat with Pete, they discuss his experience on the front lines battling COVID, the need...

"bodyART comes from an understanding of Western science as well as Eastern philosophy to 'help bridge the gap' in movement," states former professional dancer and bodyART Training Studios Director and Owner, Ryan Beck. Ryan appeared often on stage, TV, and movies and eventually, dancing took its toll. He found his way to bodyART and was instrumental in establishing a variety of collaborations with medical institutions with this very powerful, and unique modality which has a strong following worl...

"We've seen an incredible amount of growth in the HALO (Health, Active Lifestyle, Outdoor) sector for the past 10-15 years. I love the space, the industry, and its passion and energy!" states Barry Herbst from The Elliott Group where he's been for 5 years. Founded 38 years ago (and now with 18 search consultants and 20 analysts!) Pete and Barry chat about job hunting, the benefits of using a recruiting firm, why private equity groups depend on the Elliott Group for C-suite hires, the critical im...

A former Wall Street executive, Rick caught the entrepreneur bug and for the past 10 years has been running Wash Club, now in 75 cities and 4 countries. "COVID took a bite out of us, but on the upside we're definitely starting to see things trickle back in to place." Rick and Pete chat about the the pros and cons of providing towels internally versus externally. ("Stick to what you're good at and what your Mission is! -Pete) Rick brings up some anecdotal experiences of what happens if you take a...

Live Oak is a niche lender in 30 different industries. "We're niche lenders within a niche space. . . focusing more on tried and true, well rounded fitness concepts and established, multi-unit borrowers and providing them with a debt platform to allow them to grow," states Aaron DiGregorio who focuses on the HALO sector. Learn more about tranche financing, leverage ratios ("we don't like to go beyond 4x") and how its changed during COVID, his thoughts on boutiques versus the larger facilities, h...

Jim was a former "rainmaker" and partner at three different investment banks on Wall Street for most of his adult life. He's written 7 different books, has a documentary about fitness and aging well on PBS, and recently turned 80. He says he's now in the "inspiration business" after being, for years, a "certified couch potato!" The Wall Street Journal named his book Just Move, one of the 5 best books of 2017. He chats with Pete about how he completely turned his life around (at 70!) with fitness...

"The cool thing about dance as fitness is that you don't necessarily have to focus on what you look like doing it. . .you're just focusing on movement and the well-being of your body without having to worry as much about performing," states Andrea Fornarola, Founder of Elements Fitness Studio. Andrea was always a professional dancer, and she got her start on the fitness side at the well-known Physique 57 in their early days around 2005. She and Pete chat about the proliferation of dance-based ex...

When asked about how the industry has been responding since COVID, Eddie Tock, CEO of REX Roundtables states, "I think it's great to see the industry coming together in a stronger way. I still think we have a long way to go outside of the traditional for-profit clubs to really make an impact on the national and state levels with the media, and with state legislations that are out there." He and Pete chat about how the industry will evolve, "how to partner with different aspects of the industry t...

"I'm a lifer!" states Frank Ancharski, industry veteran and owner of Club Coach Services. "I've been in it since leg warmers were around, The Step® was just coming out, StairMaster wasn't a reality yet, and there was the duo-chest from Nautilus," he jokes. Frank is bullish on an "epic comeback" and in this chat with Pete, they discuss the reopening of the industry and how to manage it, customer service ("You shrink your market more by the way you treat someone on the way out, then you do based o...

Matt Richter is President of the Thiagi group and, in his second appearance on HALO Talks (first one here,) he and Pete continue their in depth conversation on learning, development, and training. With regards to COVID, Matt states, "We were able to share, and demonstrate that live online learning can be as effective as in person . . . If things are done and designed well, you get the same level of effectiveness, if not a bit better." They go on to discuss how this can benefit the HALO sector wi...

A long time industry veteran, Glenn states, "Neighborhood Trainers was meant to be kind of a combination of a dating site and real estate listings as a way to help people find the right trainer." He got the inspiration (a while back) when people were still posting flyers on bulletin boards. (They're still out there and they still work!) Pete and Glenn chat about how trainers were forced to evolve during COVID, how they moved from ZOOM to parks, the always-ongoing discussions on "who owns the mem...

"For every W2 employee you have, you could be eligible for up to $5,000 per employee depending on your particular fact pattern. This is not a loan. You don't have to pay it back. It's not income tax. It's a payroll tax credit. It's above the line," states Adam Taplinger from Tax Credit Co. Adam and Pete chat about the critical Employee Retention Credit (that you need to know about!) how to use it, how it's different from the PPP, the two paths to eligibility for the ERC, and more. Adam is a fo...

"The problem that trainers are looking to solve is finding and keeping new clients. For clients? They don't need another tool to find new content. They want the 'answer.' Jijo is a match.com for clients, and a Shopify on steroids for trainers," states Charles Friedberg, Founder & CEO. Charles has 25 years in financial services and as a (former) 'outsider' looking in to the HALO sector, he found a need that simply wasn't being addressed. He continues, "The problem isn't trainers not knowing how t...

"The pandemic either will make you stronger, or will force you to get out of the way for new technology and new ideas. But I think a lot has been the same. Connecting with members in a deeper way is a big part of this. . . A huge portion of the value of a membership is the social experience. I can't see that ever really changing," states long time industry veteran, Rich Novelli. Pete and Rich touch on the many differences between High Volume Low Price (HVLP) business models versus a premium bran...

"Brands are very powerful. It is the ultimate moat. When someone has built something that resonates with a lot of consumers and drives passion, that's when something is investible," states Jon Canarick. North Castle is one of the first, and most highly regarded private equity investors in the HALO sector. Pete and Jon discuss how North Castle evaluates a company, what they track, how to approach, criteria, why valuations these days tend to be very overblown, some fundamentals of finance, and mor...

"I'm very bullish on the return to boutique and studio in-person fitness," states Jack Thomas, Founder & CEO of the high end chain BASE out of Bangkok, Thailand. This discussion touches on the state of COVID in Thailand and its affect on the industry. They also chat about the cultural differences around Asia's handling of the pandemic versus the US and UK, how BASE created and leveraged a unique technology for group fitness classes, some lessons learned while visiting boutique facilities in New ...

"Part of our Mission is to conduct an amazing, two way, connected, live stream workout with coaches that see and care about you. . . and two-way is the word I want to repeat! We're one of the leaders in it, and it's what the Peloton's of the world simply aren't doing," states CEO and serial entrepreneur Kyle Bergman. A former lacrosse college athlete who went on to play on the Israeli national team, Kyle got his retail background at Bloomingdales, coached for 4 years at Orange Theory and Flywhee...

When asked about the digital "hybridization" of the industry, long time industry veteran Bill McBride states, "It's going to be like a swimming pool. Not all your members are going to use it, but when you sell a membership, everyone wants it! So you must have a strong virtual, digital program available, now more so then ever." This wide ranging discussion touches on the effects the pandemic had in our sector, the stronger footing we must gain in Washington to effect real change, the need for lic...

"One thing campus recruiters, athletes, and professionals don't have a lot of is time," states The Athlete Book Founder, Ryan Drummond. In this update, Ryan takes us through their new point-based system focused around consuming content and creation of a leaderboard which puts coaches on the map of an athlete's career path and development. "Nobody wants to be on the bottom," he says. Among many other advantages, this also provides the employer the opportunity to tell the story of what they're loo...

On what ShapeLog can do for your club, Co-Founder & CEO Bryan O'Rear states, "Imagine user behavior is something that you know well in half of your facility, but that journey falls off very quickly as they traverse over into the strength and functional areas. There is now a chance for you to really understand that user behavior that otherwise was just dark. How do you plug yourself into their journey at the right time and make sure they're well aware of the complete offerings at your facility?" ...

"There are some basic table stakes today with respect to how a member wants and expects to interact with their brand, so the days of having an app just to say you have an app. . .are over," states Bryan O'Rourke, Founder of Vedere Ventures and long time HALO sector veteran. Bryan began as a technologist in the food and beverage industry in the early 80's and entered this space in the mid 90's. This broad discussion touches on some highlights and insights gleaned over the past few months, discuss...