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FITNESS, HEALTH, WELLNESS

features

Life lessons: Chris RondeauCEO, Planet Fitness

At times I’ve felt like the underdog

Published in Health Club Management 2023 issue 5
Chris Rondeau / photo: Bill Truslow
Chris Rondeau / photo: Bill Truslow
For the first decade we worked every day, lived pay cheque to pay cheque while we tried to figure out the business

My overarching life lesson has been learning the value of hard work. I dropped out of college at 20 and took the school of hard knocks route. I didn’t go to an Ivy League school or graduate with a big degree and I didn’t read my first book until I was 42-years-old.

I started at the front desk of the gym and worked my way up through the ranks. It has felt like a 30-year college degree and I’m still learning now.

At times I’ve felt like the underdog and I’ve had to play catch up. My business partners and I were not the most sophisticated bunch, but we had great passion and we believed in the model. When we got to 500 locations we were like “this is a big company, we can’t just run it like three gym guys anymore.” So in November 2012 we brought in private equity. That was a big step forward and I learned a lot from them.

Then one of the partners retired and I was elevated from COO to CEO and all of a sudden we were doing budgets and I’d never done those before. Three years later we went public, which was another learning curve.

Around 2016, a year or two after the IPO this started to change. I was meeting with well educated, super smart people – all the investors and analysts who ask good (and tough) questions and I realised there wasn’t a question I couldn’t answer off the tip of my tongue. No matter how smart and well educated they were, no one knew the business better than I did. That’s when my confidence level rose and any doubts stopped.

Building strengths
It’s a strength that I’ve worked in all parts of the club. I’ve worked the front desk, been a trainer, a manager, a regional manager, COO and CEO. I understand the trials and tribulations of staff and how to engage members, as well as how to do all the day-to-day stuff, such as checking members in and billing. I love working in the gyms.

Pre-COVID I used to work the front desk once a quarter because I’d learn things about making the jobs easier for our staff, or the experience better for members.

If I could go back and change things, I don’t think I would. It’s been very tough, but we now have more than 2,400 locations in six countries and 17 million members and are still driving membership growth. The drive and underdog mentality made me work that much harder. If I’d taken another route I might not be where I am now: we could have been a few years later in developing our model and someone else might have got the opportunity before us.

Although I wasn’t much for education when I was growing up, if I could give my younger self some advice, I’d say pay attention at school – especially in business class – and read more books. The learning curve throughout my career has definitely been a struggle at times. For the first decade we worked every day, lived pay cheque to pay cheque and had credit card debt while we tried to figure out the business. Luckily, with passion and hard work it all worked out!

Planet Fitness has grown to 2,400 clubs and 17 millon members / photo: Planet Fitness
Planet Fitness has grown to 2,400 clubs and 17 millon members / photo: Planet Fitness
/ photo: Planet Fitness
Once Rondeau reached 500 locations, a decision was made to bring in private equity / photo: Planet Fitness
Once Rondeau reached 500 locations, a decision was made to bring in private equity / photo: Planet Fitness
https://www.leisureopportunities.co.uk/images/2023/269681_478478.jpg
The CEO of Planet Fitness tells how he overcame feelings of being an underdog to reach the top of the industry
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features

Life lessons: Chris RondeauCEO, Planet Fitness

At times I’ve felt like the underdog

Published in Health Club Management 2023 issue 5
Chris Rondeau / photo: Bill Truslow
Chris Rondeau / photo: Bill Truslow
For the first decade we worked every day, lived pay cheque to pay cheque while we tried to figure out the business

My overarching life lesson has been learning the value of hard work. I dropped out of college at 20 and took the school of hard knocks route. I didn’t go to an Ivy League school or graduate with a big degree and I didn’t read my first book until I was 42-years-old.

I started at the front desk of the gym and worked my way up through the ranks. It has felt like a 30-year college degree and I’m still learning now.

At times I’ve felt like the underdog and I’ve had to play catch up. My business partners and I were not the most sophisticated bunch, but we had great passion and we believed in the model. When we got to 500 locations we were like “this is a big company, we can’t just run it like three gym guys anymore.” So in November 2012 we brought in private equity. That was a big step forward and I learned a lot from them.

Then one of the partners retired and I was elevated from COO to CEO and all of a sudden we were doing budgets and I’d never done those before. Three years later we went public, which was another learning curve.

Around 2016, a year or two after the IPO this started to change. I was meeting with well educated, super smart people – all the investors and analysts who ask good (and tough) questions and I realised there wasn’t a question I couldn’t answer off the tip of my tongue. No matter how smart and well educated they were, no one knew the business better than I did. That’s when my confidence level rose and any doubts stopped.

Building strengths
It’s a strength that I’ve worked in all parts of the club. I’ve worked the front desk, been a trainer, a manager, a regional manager, COO and CEO. I understand the trials and tribulations of staff and how to engage members, as well as how to do all the day-to-day stuff, such as checking members in and billing. I love working in the gyms.

Pre-COVID I used to work the front desk once a quarter because I’d learn things about making the jobs easier for our staff, or the experience better for members.

If I could go back and change things, I don’t think I would. It’s been very tough, but we now have more than 2,400 locations in six countries and 17 million members and are still driving membership growth. The drive and underdog mentality made me work that much harder. If I’d taken another route I might not be where I am now: we could have been a few years later in developing our model and someone else might have got the opportunity before us.

Although I wasn’t much for education when I was growing up, if I could give my younger self some advice, I’d say pay attention at school – especially in business class – and read more books. The learning curve throughout my career has definitely been a struggle at times. For the first decade we worked every day, lived pay cheque to pay cheque and had credit card debt while we tried to figure out the business. Luckily, with passion and hard work it all worked out!

Planet Fitness has grown to 2,400 clubs and 17 millon members / photo: Planet Fitness
Planet Fitness has grown to 2,400 clubs and 17 millon members / photo: Planet Fitness
/ photo: Planet Fitness
Once Rondeau reached 500 locations, a decision was made to bring in private equity / photo: Planet Fitness
Once Rondeau reached 500 locations, a decision was made to bring in private equity / photo: Planet Fitness
https://www.leisureopportunities.co.uk/images/2023/269681_478478.jpg
The CEO of Planet Fitness tells how he overcame feelings of being an underdog to reach the top of the industry
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 ...
Latest News
With the launch of its 49th John Reed, RSG Group is looking for more opportunities ...
Latest News
PureGym saw revenues rise by 15 per cent in 2023, with the company announcing plans ...
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Following three disrupted lockdown years, the European fitness market bounced back in 2023, according to ...
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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.
Featured supplier news
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.
Company profiles
Company profile: Innerva
For over 30 years Innerva, part of Shapemaster Global have been manufacturing specialist dual-function power ...
Company profiles
Company profile: Pulse Fitness
With an award-winning portfolio of over 450 pieces of cutting-edge, premium fitness equipment, Pulse Fitness ...
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Greenwich Leisure Limited press release: ‘FAB’ freebies for Barnet carers!
Being a carer – whether that’s looking after a young person, a senior citizen or someone with a long-term illness or disability – can be rewarding but stressful at times. These responsibilities may also limit the carer’s ability to find paid employment.
Featured press releases
FIBO press release: FIBO 2024: Billion-euro fitness market continues to grow
11 to 14 April saw the fitness industry impressively demonstrate just how innovative it is in fulfilling its responsibility for a healthy society at FIBO in Cologne. Over 1,000 exhibitors and partners generated boundless enthusiasm among 129,668 visitors from 114 countries.
Directory
Snowroom
TechnoAlpin SpA: Snowroom
Cryotherapy
Art of Cryo: Cryotherapy
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
Property & Tenders
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
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
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