When Josh Grinstead got laid off for the second time, at 41, he knew he was at a crossroads: “Either stay on the treadmill, be unhappy, and fail to attain my potential,” he says, “or be brave enough to take that mid-career risk.”
Until then, he’d worked in senior management at various colleges. But on aptitude tests, he’d always scored high for entrepreneurial instincts. As a longtime fitness enthusiast, personal training services appealed to him—so in 2015, Grinstead bought three GYMGUYZ territories (GYMGUYZ is a handy acronym for Get You Motivated, Genuine, Unique, You can do it, Zero Excuses). Today, he owns eight of them in New Jersey and New York. His annual revenue tops $1 million, he’s first in sales among GYMGUYZ franchisees in 22 states, and last year,…