Starting a gym can be complicated. Instinctively, launching a health club seems simple: equipment + passion = success, right? True, but gyms also involve people, liability, capital investments, promotions, regulations, and expenses. Juggling all this is where success is achieved. The following blog is a short overview of four of the most significant responsibilities affecting your new company. Below the blog, we’ve included helpful links for research and assistance. Four tasks every gym owner faces: Insurance coverageCapital equipment purchasesMarketing expensesEmployee management 1. Required insurance coverage: General liability Commercial propertyProfessional liabilityWorkers’ Comp Although the cost of insurance varies widely based on the size [...]
Read more...
You’ve got the energy, ideas, and passion for your sport. But what about some solid facts about how to open your own club? This June, we’re going to help you learn what it takes to start a gym. Each week, we will cover an important step to your successful new business launch and provide some common sense advice from established gym owners. First, do you have a business plan? Why do I need a business plan? Too many small business owners open their first fitness center without creating a strong plan of action. A business plan is a written guideline [...]
Read more...
What could be better than exercising every day and hanging out in your own awesome health club? If owning a gym is your dream job — keep reading our blog. The truth is – opening a gym is a lot more than just buying gym equipment and unlocking doors. Succeeding at owning a gym takes planning, perseverance, moxie, and money. Today, we've spoken with experienced gym owners to learn four of the most common mistakes new gym owners make when getting started in the business. Understand your lease fully before signing on the dotted line! #1 — Signing a lease too quickly [...]
Read more...
Background for Success Starting a gym business is probably a dream for a significant fraction of the population. Whether you're in this country or around the world you may yearn to open a fitness club someday. If you think you have knowledge and finances, that dream may even turn into a plan. For those that do attempt it, the journey can be long, hard, and possibly heartbreaking. If you want to succeed in the fitness industry, there are a few things that are certain about your journey to get there. Can You Sacrifice And Struggle for The Cause? Even in [...]
Read more...
