As promised in this post, here's my interview with fitness equipment leasing expert Joe Schmitz from F.I.T. Leasing. During the interview Joe provides answers to many of the questions you might have if you're planning a new Indoor Cycling studio, or are considering an upgrade to any of the new Indoor Cycles with power; FreeMotion S11.9, Keiser M3i, Schwinn AC Performance or Star Trac Spinner® Blade Ion.
It was interesting to me that, depending on your financial situation & credit history, I might be possible to include some of the other component parts of your business (AV system, furniture, specialty technology, etc…) into your equipment lease.
Joe has provided some additional information that you can use for business planning and/or preparing to qualify for a lease.
Listen to our discussion below or contact us for more information on equipment leasing.
Here are a few questions about leasing we discuss during the interview:
When does leasing make sense for a new studio — or an existing studio looking to upgrade to new equipment?
When doesn’t it?
Should I lease my indoor cycles directly from the manufacturer?
What other costs can be included, besides new Indoor Cycles?
What is the approval process?
Is it more difficult to get approved for a lease vs. a bank or SBA loan?
What documentation will you need?
Is there anything you want to do, or prepare for, in advance of needing your lease funds?
How long is a typical lease?
What happens at the end of the lease?
Explain any tax benefits of leasing vs. conventional financing or paying cash.
You can use this contact form to submit your questions at any time.
Cyrus, who's the Dungeon Master Personal Trainer that leads my Mon/Wed/Fri “Man Camp” boot camp, played this track last week. I found ithugely motivating and thought it would work very well as an inspirational song that leads into that final, BIG FINISH track you end your class with.
You can go the distance You can run the mile You can walk straight through hell with a smile
You can be the hero You can get the gold Breaking all the records they thought never could be broke
Yeah, do it for your people Do it for your pride How are you ever gonna know if you never even try?
Do it for your country Do it for your name ‘Cause there's gonna be a day…
When you're standing in the hall of fame (yeah) And the world's gonna know your name (yeah) ‘Cause you burn with the brightest flame (yeah) And the world's gonna know your name (yeah) And you'll be on the walls of the hall of fame
Be a champion, be a champion, be a champion, be a champion On the walls of the hall of fame
If you want to be really clever, you might want to use an instrumental remix of Hall of Fame as your transition/cooldown. Download the remix here
Last Saturday my outdoor cycling group had their last organized ride of the season. It was a beautiful day in Denver, no wind and the temperature ranged from 50-70 degrees. This group has a wide range of abilities, there are men and women, young and old, husbands and wives, parents and children, $700 and $7000 bikes. As a group we ride well together we often split apart on hills, but the faster riders wait at the top so we can continue the ride together, no one is ever dropped. Though our routes are often different we always end up at the Starbucks in downtown Golden, Colorado, for a latte break. This day the ride had a bit of different feel to it. With it being the last ride of the year I think everyone wanted to test their hard fought fitness and every tiny bump in the road to every longer climb was an all out race to the top, man was it fun! The faster riders knew that at the top of every hill they would have time to recover as they waited for the slower riders to catch up. This recovery time just added to the intensity of each and every climb. Needless to say, by the time we made it to Starbucks in Golden some of us were already “cooked” and we still had 20 more miles to go. As we ride out of Golden there is a long stretch of about 8 miles of fairly flat roads with no “Stop” signs or traffic lights. We usually don't race every hill, like earlier in the ride, but we ALWAYS race this section. As we slowly rolled out of Starbucks we merged with two other groups and got caught at the last traffic light before the long 8 mile stretch. It was so cool to see about 40 riders all waiting for this light, everyone enjoying this beautiful day and knowing the “race” was about to begin. When that light turned green “it was ON”! Unfortunately I was not in front when the light changed and I could see the leaders start pulling away, but I thought “no problem, I can close that gap.” Well, I'm sorry to say that after a few “overflown sinks” I was never able to “close that gap”.
While I was out there “filling up my sink” for 8 miles and never getting closer than 50 yards to the lead group I thought that this would be a great indoor cycling set. The goal of my “Close the Gap” set is to ride below threshold wattage for a 2-3 minutes then spend 1-2 minutes bringing the average wattage back up to or “on the wheel” of the riders threshold wattage and repeat. When I coach this set I like to keep the timer running so it becomes increasingly harder to elevate the average wattage the further into the set the riders go. This teaches the riders the importance of pacing, if the average wattage drops too low it will take harder and/or longer efforts to bring it back up, as there is a limited amount of time anyone can maintain an above threshold effort the rider may never be able to bring the average wattage back up to threshold levels. Similar to the way I was never able to catch or “close the gap” to the leading group last Saturday.
3 song harmonically mixed track, to download Right Click > Save As / Save Target As to download. Open in iTunes and then you'll see this in your Spotify Local File folder.
This had to be one of the most awesome “project” I've ever had the privilege to be part of 🙂
First I have to tell you that there's no way the ICI/PRO 28 challenge would have been the success that it was, without the enormous effort from Lena Hersey. She was simply incredible in her attention to detail, how she interacted with all of the participants and the truth is… there's no possible way I could have done this without having Lena as my partner!
28 days… 28 challenges. Sounds simple enough. We had 196 Instructors raise their hands and make the initial commitment (without knowing anything about what we had planned) and on September 21st we released the first 7 challenges.
Over the next 28 days the number of Instructors who continued with the challenge dropped to 34…
In the end we had three who completed all 28 challenges: Rebecca N Rhett Buchanan , Natalie Nojaim and Corrine Walker Bell. Congratulations to all three of them! Based on their interaction with other participants we choose Rebecca and Natalie to be the winners of the travel vouchers from FitBodies, Inc. and we are providing Corrine with a $100 gift card for her strong showing in the contest.
Click image to explore all the teaching vacation resort options from our prize sponsor.
Lena and I would like to interview these three on the podcast and learn what happened. We'll update everyone if/when we can get that scheduled.
So what exactly were the 28 challenges? Lena and I have written about some of them here and at leanlena.com – we're thinking we'll keep the rest of them a secret. We just might do this again!
Knowing that many of my members are strong at cadences of 60 to 80, but struggle to consistently turn pedals above 80, I've been encouraging (i.e. forcing ) 🙂 them, and myself, to pedal more quickly. We're all getting better by coming out of the saddle to bring our leg speeds back up any time they drop below the designated number! This is the #3 song in the very start of class, bringing us from 87 rpm's with the #1 song: https://www.indoorcycleinstructor.com/icipro-instructor-training/music/free-music-friday-103/, to 97 rpm's with the #2 song: https://www.indoorcycleinstructor.com/?s=free+music+friday and now 102 rpms, the completion taking about 11:30 minutes.
This is a funky combo of Peter Gabriel and John Cougar Mellencamp from djschmolli on SoundCloud. Here's your free download:
