Here's how you can evaluate the ROI of your Functional Training initiatives.

First define what success looks like. Are you aiming to improve overall strength, enhance coordination, or increase productivity in the workplace? Set specific, measurable, achievable, relevant, and time-bound goals that align with your ultimate objectives. Then understand all costs associated with your functional training. This includes direct expenses like equipment and instructor fees, as well as indirect costs such as time spent by participants. Make sure to account for all resources invested in the program to get an accurate picture of the financial commitment. Lastly, if certain aspects of the program aren't delivering the expected returns, consider tweaking the frequency, intensity, or types of exercises.

After you have set your goals, you need to determine how you will track progress and how frequently. You need to have a starting point to compare progress to. If you do not have this starting point, you will not be able to determine the rate of growth/progress, what is and isn't working etc. For example if your team has a lot of smokers on it, and you are trying to cut down on the cigarette breaks you need to know what you are trying to cut down from. Monitor the amount of breaks taken, the average time of those breaks, time of day etc before your team starts their functional training program. Then frequently monitor after they start their program. Now you will have your starting point and be able to compare growth and progress to it.

If you want to know your ROI, it is important to understand your costs associated with your functional training. This includes expenses such as fees spent on equipment, rent, education, advertising, etc. You also want to figure out what your time is worth, especially the time you aren't with a client. How much time do you spend on programming? How much time to do you spend on building your business outside of working hours with clients? Once you have all this information you can than you can calculate your ROI. This information can also help you determine the the impact (value or cost) of a future decision such as buying more equipment, getting a new certification, etc.

Feedback in functional training is crucial as it provides real-time data on performance, allowing for immediate adjustments to improve effectiveness and efficiency. This continuous feedback loop helps maximize return on investment by ensuring training methods are optimized and tailored to meet specific goals.

Make sure you are revisiting ROI evaluations frequently. ROI will change as time goes on and your business develops. As you adapt to better your business you may learn that some decisions or expenses made in the past do not benefit you as much as they did in the past. You may also learn that something that you felt wasn't a good fit for your business months ago is now a good fit. Revisiting your ROI frequently can help you stay on top of changes, avoid financial pitfalls and maintain effectiveness and progress in your functional training programs.