Like the splitting up of once head-over-heels newlyweds, the parting of ways in business is often tricky, sad and more than a little complicated. Add in the complexities of an all-star cheer business, and breaking up can get downright sticky. So what happens when one of the partners of an all-star gym wants to retire or pursue other passions? Legal experts advise not waiting until one person is ready to retire—or wants out—to discuss what will happen with your beloved gym.
When Randy Dickey, owner of South Carolina-based ACX Cheer and head of the All- Star Gym Association, unexpectedly had to fly a photographer to an event, the exorbitant price of the airline ticket stunned him. But when he pulled out his credit card, he solved the problem—without spending a dime. Ever since Dickey first signed up for the American Express Platinum Business Card in 1999, he has been covering gym expenses and reaping significant benefits. “We run everything in the business through the credit card,” says Dickey.
As our economy rebounds from the “Great Recession,” juggling multiple jobs is a common conundrum for many people—and cheer professionals are no exception. In fact, for gym owners, balancing more than one job might be a necessity regardless of what’s happening in the economy. As most owners will candidly share, opening a gym is something you do because you’re passionate about cheer, not because you want to get rich quick. Just ask these three moonlighting entrepreneurs, who know the perks and pitfalls of juggling jobs all too well.
Walking into Cheer Fusion in Fredericksburg, Virginia, it’s hard to miss the colorful posters lined up above the mirrors. Filled with platitudes like “Practice Like a Champion” and goals like “I would like to cheer for college and get a scholarship,” these homemade vision boards provide a creative source of motivation for the gym’s teams—as well as a much-needed means of focus and direction.