With the rise of obesity, more and more people realize the importance of maintaining fitness routines. However, most people do not know how to approach this type of behavior or progress toward their personal fitness goals. Gyms are reliable places that help people live healthier lives.
Gyms and fitness centers are great places to build muscle and help to earn a profit. Compared to other small business opportunities, Fitness centers are relatively lucrative. In fact, in 2009, small business leaders pointed to the fitness industry, which still has high growth potential despite facing a global recession. However, opening a gym can face unprecedented challenges that are not part of other business opportunities.
If you want to start a business with profitable capabilities, this is a huge industry. The World Health and Fitness Club market is expected to rise at a rate of 10.6 between 2018 and 2023.
Are you are a fitness enthusiast? Do you already enjoy breaking a sweat? Now it’s time to do something different. So, let’s move on. There are many things you can do when starting a fitness business.
Steps to start a fitness center business
Good fitness business should have great equipment, professional guidance, and personal training. But starting a fitness business can take a long time. Here are a few steps you can take to begin the process of the fitness business.
1. Decide what type of Fitness Company you want to work for
There are a variety of fitness centers. You can become a personal coach, teach classes, or manage your own facilities. Each has its advantages and disadvantages. Do you want to start a fitness business without money? Well! It’s OK, but it requires a thorough awareness of exercise and nutrition techniques.
Moreover, it takes a lot of effort to manage a facility. However, you can rely on the skills of others. There are also gym franchise options when you are considering starting a fitness business. Popular franchises include Anytime Fitness, Crunch Fitness, Planet Fitness, Orangetheory Fitness, and Pure Barre.
If you need the inspiration to launch your own fitness business, here are some popular options to ponder over:
- Zumba Studio
- Physical therapy
- Spin classes
- Powerlifting Gym
- Yoga studio
- Pilates Studio
2. Be trained
The next step in inaugurating a fitness business is training. If you want to start a fitness business or run a gym, you need to complete fitness information to perform your job better. Good places to get a certificate include:
American Council on Exercise, or
National Academy of Sports Medicine.
The National Commission of Certification Agency (NCCA) approves legal documents. Distance Education Accreditation Commission (DEAC) can also approve of them.
Of course, fitness training is not just about your education. You need more than luck to succeed in the startup of a business.
3. Write a business plan and choose an entity.
Whether you are starting a fitness business or some other business type, writing a fitness center business plan is a milestone. You may need to add a lot. Make sure you have a business plan template. You can use it to cover all your bases.
Your business plan must have:
- Market analysis
- Who is your competition?
- Marketing and sales plan
- Financial planning and projections
The key is to make sure the needs of your business. It allows you to grow enough business by investing heavily in it.
Another significant part of your business plan when starting a fitness business is choosing your business entity. Go with a business entity to give nature to your fitness business.
You should choose a business entity that responsibly offers some protection to owners. If you are looking for liability protection, a limited liability partnership or limited liability company may make more sense to you.
4. Get the necessary permits and insurance.
Commercial licenses and gym operating permits may be available in your state and region. You should ensure that your city, town, or county clerk’s office complies with all the rules and regulations set by your various government agencies to start your fitness business.
A certificate of possession is one of the ace permits that you definitely need. The occupancy certificate confirms that all building codes, zoning rules, and government regulations have been complied with. If you rent a gym, it will usually be the owner’s responsibility to obtain a certificate of occupancy.
5. Apply for an Employer Identification Number (EIN).
In the United States, most legal authorities to open gyms have been imposed by state governments rather than the federal government. However, health centers will have to pay taxes to the federal government. This means that, like many other businesses, the fitness care business must have an EIN. EINs are used only by the IRS for tax administration purposes and do not allow cardholders to open a gym at their own expense.
Applying for an EIN is like duck soup. The application can be fulfilled online. Once completed, the applicant will immediately receive their EIN.
6. Buy free weights.
With serious fitness goals, your gym members often want to build muscle, health, and flexibility. That still means “free weights” – strength training with dumbbells, barbells, kettles, and other weight training equipment. Almost all professional gyms will have at least one gym area that will provide free accommodation for members. Below is a list of some of the types of free weights that the gym will offer:
- Bench press
- Squat apparatus
- Dead companion left
- Bicep curling rack
- Pull/Dip the rack
- Dumbbell racks with benches for upper body exercises.
Buy an isolation machine for your gym. It helps your clients to exercise one muscle or group of muscles. Isolation machine include:
- Leg press machines
- Lat pulldown machines
- Tricep extension machines
- Leg extension machines
- Chest fly machines
- Shoulder press machines
7. Market your gym
Once you connect with your customer base, the marketplace, and grow your business in places, customers spend time. It might sound simple, but building a strong customer base over time takes loyalty and devotion.
Consider hiring someone who can play a role in marketing, PR, or social media management. However, if you can’t afford it, do it yourself. When planning marketing for your gym or fitness center, you will be able to focus on your efforts and think about your new business.
You can offer free guest passes, member discounts, and other incentives to retain and entice new customers.
8. Put your study on social networks
Are you making it easier for users to post their experience? Are you responding in a timely manner that connects with existing users? Also, have you thought of unconventional marketing strategies to market your business? Class Pass, for example, initially hired powerful fitness bloggers to spread their stories. What Social Media Marketing Techniques Can Your Fitness Business Use?
9. Hire brilliant staff
Hire highly skilled trainers as the wellness industry is notoriously disorganized. “It’s nerve-wracking to replace truly strenuous workers. So choose to hire and keep trainers who make your clienteles feel like a celebrity.”
Starting a fitness business really needs a lot of hard work. But if you are successful, you will join a thriving industry that will help people live their lives to the most lavish. Now that you know the steps to follow, you have to start doing it. Good luck!