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With the awareness for fitness rising with every passing day, this is the perfect time to start a fitness business, and the first thing that comes to mind when speaking about a fitness business is surely a gym. It is no doubt a profitable business venture and moreover, it is not that difficult to get your gym up and running. All you need to do is follow a few easy steps, and your gym will be ready in no time. Here are a few tips that can help you set up a successful gym.
Find the Proper Location for Your Gym
Of course, the first thing you will need to acquire is a nice location for your gym. You need to find a location that has enough space for all your equipment and room for your members to safely workout. Also a spacious gym can offer your members a better environment. Moreover, you will also be able to easily expand your customer base, which, in turn, will result in a larger profit. While selecting the location, you should check out the entire location carefully. It is essential for you to operate your gym in a place that is well connected with other businesses and other points of interest in your city. It will be easier for people to commute to your gym, and you will have higher foot traffic, which, in turn, will increase membership at your gym.
Build Credibility with Relevant Certificates
Why would your potential customers believe in you? Do you think you would have visited any gym if the instructors had no knowledge or experience whatsoever in fitness and exercise? This means that the first thing you need to do is build credibility with your customer base. You have to go and get some type of professional fitness certification. There are many reputed institutions that offer these. You can also enroll in some business education courses, which will also provide you with a relevant degree or certificate. These certifications are sure to be regarded by your potential customers as a perfect way to regard your experience and expertise.
Follow a Proper Business Plan
How are you planning to go about opening and operating your business? Well, you surely need to take a good look at this. When you are new to a business, you just can’t expect to start a successful business without a proper plan. You need to write down your business plan and try to follow every step of it. Your business plan should help to keep you on track. You need to set a target for your business and try to achieve it within a certain amount of time. Besides, you can also apply for loans and financing much more easily, if you have a detailed business plan, which can help to kick start your business.
Budget for the Proper Equipment
No gym can be complete without at least some type of equipment. At the very beginning, you will need to focus on the basics. Some free weights would be necessary for resistance training. You should look into getting a few sets of dumbbells and some other necessities for weight training. In the beginning, you should try to purchase adjustable dumbbells. They can be a great addition to your gym, as a number of exercises can be performed with them. Adding a few resistance bands, each of them having different tension levels, can be a good idea in order to take your gym to the next level. An adjustable weight bench with a barbell rack can also be a great way to help your members get in some resistance training. The best thing is that adding all of these to your gym doesn’t have to break your budget.
Buy the Best Gym Equipment
Have a high budget? Why not get the best equipment for your gym? It is not that difficult to find. Quite a few companies exist, which are known to manufacture the best equipment necessary to give your gym an edge over its competitors. And, if you are still wondering how to get them for your gym, you actually have multiple options. Just visit any of the stores offering the very best equipment and get it installed in your gym. Quite a few online stores also offer the same type of equipment, along with free delivery. Installing some of these items can be a great way to get started with your gym. However, while purchasing, ensure that each item can be used in multiple types of exercises.
Get the Necessary Permits and Licenses
Last but not the least, you will need all the proper permits and licenses for starting your own business. You have to get a business permit and a license to legally open your gym. So, it is better to apply for them right away. However, for this, you will need to do a bit of research. You will need to have a basic understanding of the local laws and regulations to ensure that you don’t face any difficulty in setting up your business.
Is Your Business Insured?
If you are planning to start a gym franchise, obtaining business insurance is a must. Gyms are places where injuries and accidents may tend to happen. So, it is better to get insurance prior to opening. It can also come in handy when any of the equipment in the gym gets damaged. Having insurance means you will be able to repair or replace it within a shorter amount time, thus ensuring that it will not affect any of your business prospects.
Setting up a gym is not difficult. All you need to do is follow these simple steps to make your gym ready and appealing to your members and their fitness needs.
Shannon “The Cannon” Hudson, founder and CEO of 9Round Franchising, LLC is the current IKF Light Middleweight Kickboxing Champion of the World. He is a regular blogger who offers advice on how to open gym franchises and use these centers for performing the best kickboxing exercises around Greenville.