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FITNESS, HEALTH, WELLNESS

features

Life lessons: Dave Wright

The founder of Myzone and one of the fitness industry’s most visionary entrepreneurs talks to Kath Hudson about how he deals with adversity

Published in Health Club Management 2023 issue 10
The launch and expansion of Myzone into a global brand has not been without its hurdles / photo: Myzone
The launch and expansion of Myzone into a global brand has not been without its hurdles / photo: Myzone
I used to look at myself in the mirror at three o’clock in the morning and say “why the fuck are you doing this?"

The toughest time of my career was in 2011-2012 – about a year after I’d launched Myzone.

CFM, my company which sold gym memberships, used a collections company to handle contracts. That company was taken to court for having illegal contracts and 98 per cent of these were for CFM.

Although I moved our membership administration away from them, they continued to collect the money, so we lost £7.2m of what we were due and there was nothing I could do about it.

As this was shortly after the launch of Myzone, we were having technical issues and product recalls and our monthly CFM income went down from £480,000 to £112,000 at the same time as Myzone needed investment.

It was like being punched in the face with your hands behind your back and not being able to do a thing about it. Everything was on the line.

I would meet with my financial controller and make the decision about who we could pay that week and I didn’t take a salary from Myzone for six years. It was a stressful time.

I said to my team that we had to sell our way through it, that Myzone would eventually change the health of the world and if they stuck with me they would be paid handsomely.

From years of selling memberships, speaking to people and owning my own gyms, I knew Myzone would be a global success, but many people doubted it and when the two crises hit at the same time I used to look at myself in the mirror at three o’clock in the morning and say “why the fuck are you doing this?”

Bring it on
As awful as it was, I did believe I would look back with hindsight and see it had happened for a reason and I do. You can’t appreciate the good times if you don’t have bad times. And when you’re flush with cash you make silly decisions. What I developed from that time was a laser focus on profitable, efficient operations. I’ve always been able to deal with adversity by thinking that it’s only a moment in time. Whatever it is at some point it will be over and then you’ll be stronger for it.

I’ve always been a big believer in learning about – and developing – mental strength. I started out working with kids, being a camp director in Australia and America, which was all about teaching them mental resilience. When you run a sales and marketing company you have to become adept at overcoming objections and dealing with rejection, so I’ve constantly read books and gone to seminars on how to train your mind to deal with adversity.

I believe it’s not what happens to you but how you respond which makes the difference. So every time I get presented with adversity, I ask myself what can I do to deal with this and how can I find a solution? It’s all about moving from your reptilian brain – your flight and fight – to the neocortex, which is about solutions.

This thinking has served me well. I’ve got quite a few friends who run their own businesses and when COVID came along we all felt alive. I just thought “bring it on, I’ve faced adversity, this is where I shine and we’ll bounce through it”, as we did.

Melbourne, which is where my brother runs a number of my gyms, was hit really badly. I kept saying to him this was our time to show we’re engaged with our community and he stepped in and grabbed it by the horns. It was nothing compared to the adversity we had dealt with before.

Once you’ve been through one difficult time you know you can do it again and again. You ask yourself, have I been through this situation before? And what did I do about it? And you end up stronger for the experience.

photo: Myzone

Dave Wright, founder of Myzone

/ photo: Myzone
Myzone is now used by 2.5 million people in 9,000 gyms and facilities globally / photo: Myzone
Myzone is now used by 2.5 million people in 9,000 gyms and facilities globally / photo: Myzone
Myzone’s wearables give users real-time feedback / photo: Myzone
Myzone’s wearables give users real-time feedback / photo: Myzone
https://www.leisureopportunities.co.uk/images/2023/484756_305231.jpg
The founder of Myzone and one of the fitness industry’s most visionary entrepreneurs talks to Kath Hudson about how he deals with adversity
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features

Life lessons: Dave Wright

The founder of Myzone and one of the fitness industry’s most visionary entrepreneurs talks to Kath Hudson about how he deals with adversity

Published in Health Club Management 2023 issue 10
The launch and expansion of Myzone into a global brand has not been without its hurdles / photo: Myzone
The launch and expansion of Myzone into a global brand has not been without its hurdles / photo: Myzone
I used to look at myself in the mirror at three o’clock in the morning and say “why the fuck are you doing this?"

The toughest time of my career was in 2011-2012 – about a year after I’d launched Myzone.

CFM, my company which sold gym memberships, used a collections company to handle contracts. That company was taken to court for having illegal contracts and 98 per cent of these were for CFM.

Although I moved our membership administration away from them, they continued to collect the money, so we lost £7.2m of what we were due and there was nothing I could do about it.

As this was shortly after the launch of Myzone, we were having technical issues and product recalls and our monthly CFM income went down from £480,000 to £112,000 at the same time as Myzone needed investment.

It was like being punched in the face with your hands behind your back and not being able to do a thing about it. Everything was on the line.

I would meet with my financial controller and make the decision about who we could pay that week and I didn’t take a salary from Myzone for six years. It was a stressful time.

I said to my team that we had to sell our way through it, that Myzone would eventually change the health of the world and if they stuck with me they would be paid handsomely.

From years of selling memberships, speaking to people and owning my own gyms, I knew Myzone would be a global success, but many people doubted it and when the two crises hit at the same time I used to look at myself in the mirror at three o’clock in the morning and say “why the fuck are you doing this?”

Bring it on
As awful as it was, I did believe I would look back with hindsight and see it had happened for a reason and I do. You can’t appreciate the good times if you don’t have bad times. And when you’re flush with cash you make silly decisions. What I developed from that time was a laser focus on profitable, efficient operations. I’ve always been able to deal with adversity by thinking that it’s only a moment in time. Whatever it is at some point it will be over and then you’ll be stronger for it.

I’ve always been a big believer in learning about – and developing – mental strength. I started out working with kids, being a camp director in Australia and America, which was all about teaching them mental resilience. When you run a sales and marketing company you have to become adept at overcoming objections and dealing with rejection, so I’ve constantly read books and gone to seminars on how to train your mind to deal with adversity.

I believe it’s not what happens to you but how you respond which makes the difference. So every time I get presented with adversity, I ask myself what can I do to deal with this and how can I find a solution? It’s all about moving from your reptilian brain – your flight and fight – to the neocortex, which is about solutions.

This thinking has served me well. I’ve got quite a few friends who run their own businesses and when COVID came along we all felt alive. I just thought “bring it on, I’ve faced adversity, this is where I shine and we’ll bounce through it”, as we did.

Melbourne, which is where my brother runs a number of my gyms, was hit really badly. I kept saying to him this was our time to show we’re engaged with our community and he stepped in and grabbed it by the horns. It was nothing compared to the adversity we had dealt with before.

Once you’ve been through one difficult time you know you can do it again and again. You ask yourself, have I been through this situation before? And what did I do about it? And you end up stronger for the experience.

photo: Myzone

Dave Wright, founder of Myzone

/ photo: Myzone
Myzone is now used by 2.5 million people in 9,000 gyms and facilities globally / photo: Myzone
Myzone is now used by 2.5 million people in 9,000 gyms and facilities globally / photo: Myzone
Myzone’s wearables give users real-time feedback / photo: Myzone
Myzone’s wearables give users real-time feedback / photo: Myzone
https://www.leisureopportunities.co.uk/images/2023/484756_305231.jpg
The founder of Myzone and one of the fitness industry’s most visionary entrepreneurs talks to Kath Hudson about how he deals with adversity
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Xplor Technologies has unveiled a financing solution for small businesses, which aims to counter the ...
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HoloBike, a holographic training bike that simulates trail rides in lifelike 3D, is aiming to ...
Latest News
Peloton Interactive Inc is believed to be working to get its costs under control in ...
Latest News
Equinox, has teamed up with health platform, Function Health, to offer 100 comprehensive laboratory tests, ...
Latest News
Having good levels of cardiorespiratory fitness cuts disease and premature death by 11 to 17 ...
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US gym chain, Crunch Fitness, has bolstered its global expansion plans with the appointment of ...
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Active Oxfordshire has received £1.3 million to tackle inactivity and inequality and launch a new ...
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Complaints about group exercise have become a thing of the past for the Reynolds Group thanks to its partnership with CoverMe, a digital platform that simplifies group exercise and PT management for clubs and instructors.
Featured supplier news
Featured supplier news: Introducing the Schwinn Z Bike: where innovation meets performance
In the dynamic world of indoor cycling, Schwinn has consistently been at the forefront of innovation. Now, we proudly present the Schwinn Z Bike, the culmination of our legacy of excellence.
Company profiles
Company profile: Power Plate
Power Plate is owned, manufactured and distributed by Northbrook, Ill.- based Performance Health Systems LLC, ...
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Company profile: FIBO Global Fitness
FIBO pursues the vision of a strong and healthy society and as a global network ...
Supplier Showcase
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Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Alliance Leisure Services (Design, Build and Fund) press release: £26 Million Investment Paves The Way For Health and Wellbeing Hub At Lincolnshire Sport Complex
South Holland District Council has bolstered its successful £20 million UK Government, Levelling Up Fund bid with a £6 million investment to see the Castle Sports Complex in Spalding transformed into a health and wellbeing hub to drive positive health outcomes for residents across the district.
Featured press releases
Taylor Made Designs Ltd press release: TMS announces new Leisure Essentials line up
In response to the growing popularity of its own-brand range of leisure wear and merchandise, Taylor Made Designs (TMD) has added a host of new products to its Leisure Essentials range.
Directory
Lockers
Crown Sports Lockers: Lockers
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Salt therapy products
Himalayan Source: Salt therapy products
Spa software
SpaBooker: Spa software
Cryotherapy
Art of Cryo: Cryotherapy
Snowroom
TechnoAlpin SpA: Snowroom
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Grantham, Leicestershire
Belvoir Castle
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Diary dates
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
Diary dates
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
Raffles City Convention Centre, Singapore, Singapore
Diary dates
12-13 Jun 2024
ExCeL London, London, United Kingdom
Diary dates
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Diary dates
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Diary dates
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Diary dates
22-25 Oct 2024
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Diary dates
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Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
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