What does it take to own a gym ?!
Question:
What does it take to own a gym ?
I'm considering careers in the health/fitness field. If I had to choose, I would want to own/run a gym rather than specifically go for "personal training" or "nutritionalist". I'm always going to gyms and never satisfied. I'd want to make the perfect gym (to my standards!) and how would you go about doing that. Do you have to go through business courses in school or what.
I've noticed some gym websites have it so you can "open a franchise" but ehhhhh i don't want to run someone else's gym.
Answers:
As with any business you're going to need substantial capital going into the business, a business plan to present to the bank if you decide on applying for a loan for start up, and a hell of alot of insurance (probably the killer) to protect yourself from foolish members injurying themselves and suing you.
Exercise equipment is expensive and getting your ROI (return on investment) may take longer than the average service based business.
Also, people are very fickle, especially about fitness. You're going to have to make your business seem better than these chains that attract members by their reputation, 24hr service, and multiple locations.
If your passionate and work hard nothings impossible.