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How to Start a Gym Business | Free Book PDF Download

Starting a Gym Business

 

How to Start a Gym Business - Free Book


Are you considering starting a Gym Business? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.

"Why Invent Mediocrity, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate it. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful Internet based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a Gym firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of.
You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a Gym Business' book:

How to determine the feasibility of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.

A detailed manual that will walk you step by step through all the essential phases of starting your business

A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).

All this and much much more.

Success Tip: Setting Goals

Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorities. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your book for free (PDF version)

Here're other free books in the "how to start a business" series that may interest you:

Agriculture Assisted living Auto repair Bakery Bar Beauty salon Bed and breakfast Bookkeeping Boutique Bowling alley Carpet cleaning Car wash Catering Cattle farming Charity Cleaning Coffee shop Computer repair Construction Consulting Convenience-store Cupcake Daycare Dental Dog daycare Ecommerce Electrical Embroidery Engineering Farm Fashion Film Financial advisor Fitness center Flower-shop Food Food truck Franchise Frozen yogurt Furniture store Gas station Goat farming Grocery store Gym Hairdressing Hair salon Ice cream Insurance agency Interior design Internet Internet cafe IT Jewelry Landscaping Laundromat Laundry Law firm Magazine Manufacturing Microbrewery Motel-hotel Music Nightclub Nonprofit Nursery Online-retail Photography Pizza Plumbing Poultry farming Preschool Printing Private investigator Pub Real-estate Resort Restaurant Retail School Security company Service Software Spa Sports-bar Startup Supermarket Travel agency Trucking Vegetable-farming Website

Here's a Sample 'Executive Summary' for a Gym Business plan:

COMPANY NAME is a fitness training center that will provide both members and casual users an opportunity to participate in a continuous sports and fitness programs by getting expert help without time limitations.
COMPANY NAME
OWNER’S NAME

[INSERT ADDRESS AND CONTACT INFO]

1.1 Objectives

The main objectives for the COMPANY NAME are:

  • To expand the current facility
  • To update equipment offering the best for the company's clientele.
  • To offer state of the art facilities, training and classes.
  • To treat every client like family and not like a nameless paying customer.
  • Show a net profit margin in the first year of operation.

1.2 Mission

COMPANY NAME is a fitness complex designed to be used by the residents of Pittsburgh, Pennsylvania and the surrounding areas.
It is the company's mission to provide the best programs, staff, and equipment to fully meet the various sport and fitness needs of all members, while generating a profit for the owners and investors.
Besides providing an excellent value to COMPANY NAME customers, the company is determined to create an unmatched sporting atmosphere that will add to the enjoyment of every member and employee of the facility.
Dedicated to the community, COMPANY NAME strives to support through the use of its facility, members' enjoyment and appreciation for physical activities, fitness, and for life will be enhanced.

1.3 Keys to Success

  • Marketing: The Company must make the COMPANY NAME a distinguished name in Pittsburgh, Pennsylvania and creatively market the services and programs to each of the market segments.
  • Atmosphere of facility: By creating an unmatched "stimulating" atmosphere in the COMPANY NAME through the use of first class equipment and targeting facilities, elegant and comfortable lobby, showers and changing rooms, floors, colors and decoration, people will want to frequent the facility often and recommend it to their colleagues and friends. Furthermore, the company's ability to retain members will be enhanced.
  • Knowledgeable/qualified staff and management: By providing the users of the facility with knowledgeable and qualified staff who show genuine concern for the patrons, people will feel comfortable and confident that the COMPANY NAME can meet all of their fitness needs.

COMPANY NAME is a fitness center that will provide both members and casual users an opportunity to participate in a continuous sports and fitness programs by getting expert help and a family atmosphere.

2.1 Company Ownership

COMPANY NAME is an S Corporation owned by OWNER’S NAME.

2.2 Company History

OWNER’S NAME, owner of COMPANY NAME, has worked in the fitness industry for many years.  OWNER’S NAME has owned and operated the facility since April of 1996.  As there are many facilities in the Pittsburgh, Pennsylvania area to compete with, OWNER’S NAME expertise and personal one-on-one interaction with the client make COMPANY NAME stand out above the rest.

Table: Past Performance

Past Performance

 

 

 

 

2007

2008

2009

Sales

$221,969

$240,816

$216,507

Gross Margin

$221,969

$240,816

$216,507

Gross Margin %

100.00%

100.00%

100.00%

Operating Expenses

$174,493

$196,189

$141,423

 

 

 

 

Balance Sheet

 

 

 

 

2007

2008

2009

 

 

 

 

Current Assets

 

 

 

Cash

$3,402

$2,313

$6,275

Other Current Assets

$63,312

$77,543

$82,644

Total Current Assets

$66,714

$79,856

$88,919

 

 

 

 

Long-term Assets

 

 

 

Long-term Assets

$0

$0

$0

Accumulated Depreciation

$0

$0

$0

Total Long-term Assets

$0

$0

$0

 

 

 

 

Total Assets

$66,714

$79,856

$88,919

 

 

 

 

Current Liabilities

 

 

 

Accounts Payable

$0

$0

$0

Current Borrowing

$1,317

$639

$860

Other Current Liabilities (interest free)

$0

$0

$0

Total Current Liabilities

$1,317

$639

$860

 

 

 

 

Long-term Liabilities

$220,957

$269,848

$238,667

Total Liabilities

$222,274

$270,487

$239,527

 

 

 

 

Paid-in Capital

$0

$0

$0

Retained Earnings

($203,036)

($235,258)

($225,692)

Earnings

$47,476

$44,627

$75,084

Total Capital

($155,560)

($190,631)

($150,608)

 

 

 

 

Total Capital and Liabilities

$66,714

$79,856

$88,919

 

 

 

 

Other Inputs

 

 

 

Payment Days

7

7

7


3.0 Products and Services

COMPANY NAME is a fitness center that will provide its users with the following services:

  • Training by professionals.
  • Many fitness education and training programs.
  • Tanning facilities
  • State of the Art equipment and facility

COMPANY NAME offers professional training (private or group programs), performance analysis for members, fitness programs and un-paralleled access to further fitness education for families and the community.  

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