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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
Latest News
The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover ...
Latest News
There is speculation that Basic Fit will sell the five Spanish Holmes Place clubs it ...
Latest News
While British adults are the most active they’ve been in a decade, health inequalities remain ...
Latest News
Kerzner International has signed deals to operate two new Siro recovery hotels in Mexico and ...
Latest News
Nuffield Health’s fourth annual survey, the Healthier Nation Index, has found people moved slightly more ...
Latest News
Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to ...
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With the launch of its 49th John Reed, RSG Group is looking for more opportunities ...
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PureGym saw revenues rise by 15 per cent in 2023, with the company announcing plans ...
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Featured supplier news: Sibec EMEA to blend fitness with luxury at Fairmont Monte Carlo
Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set against the breathtaking backdrop of the Fairmont Monte Carlo this Autumn.
Featured supplier news
Featured supplier news: Webinar: Building a new energy future for the leisure sector
As one of the most energy-intensive industries in the UK, leisure facilities face a critical challenge in balancing net zero goals, funding and increased costs.
Company profiles
Company profile: CET Ltd
The focus for two decades was low temperature saltwater hydrotherapy, in particular the CryoSpa Sport ...
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Company profile: ABC Trainerize
ABC Trainerize is a member engagement mobile app and software platform that allows coaches and ...
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Speedflex (Europe) Ltd. press release: Speedflex unveils revolutionary connected fitness zone at Everyone Active Fareham
Speedflex continue to make strides in the fitness space with their latest installation at Everyone Active Fareham. Two state-of-the-art Speedflex Blades were installed in their first ever dedicated connected fitness zone at the Fareham leisure centre.
Featured press releases
Power Plate UK press release: Whole body vibration as a platform for every class
Imagine a boutique group exercise studio in which every class takes place on a Power Plate platform. You’ve imagined Vibe Tribe in Beaconsfield.
Directory
Cryotherapy
Art of Cryo: Cryotherapy
Snowroom
TechnoAlpin SpA: Snowroom
Spa software
SpaBooker: Spa software
Lockers
Crown Sports Lockers: Lockers
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Salt therapy products
Himalayan Source: Salt therapy products
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Grantham, Leicestershire
Belvoir Castle
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Diary dates
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China Import & Export Fair Complex, Guangzhou, China
Diary dates
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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
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Diary dates
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Diary dates
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Diary dates
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Diary dates
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Diary dates
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Diary dates
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In person, St Andrews, United Kingdom
Diary dates
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