You knew you wanted to open your own gym many years ago. You love fitness and helping others reach their fitness goals. Now, you’re ready to make that dream a reality!
By the end of 2019, about 30.7 million small businesses called the United States home. There’s no reason why you can’t add your new gym to that number!
But, how do you start out as a small gym with a limited budget? Keep reading to learn our favorite tips to help you open a gym without breaking the bank.
Start With a Well Thought Out Business Plan
One of the most important steps to take before starting your business is to create a business plan. No matter what type of business you choose to get into, you can’t wing it and hope to become successful.
If you take the time to do your business plan well and consider as many variables as possible, you won’t waste money on things that don’t benefit your business. On top of that, a good business plan helps you build in a contingency in case things don’t go according to plan.
The best way to make sure you stick to your budget is to have a well thought out gym business plan. If you’re at all unsure, consider asking for a consultation from a business advisor and show them your plan. They can help you figure out how to make the plan better.
Getting Certified Before You Open a Gym
While you can open your gym without a personal license as a fitness professional, it can help give your gym credibility and help draw new clients. Having this kind of license can also give you some insight into what you need to have available at your gym.
If you don’t have the money to get a license before you open, don’t worry. Take the classes and get certified as soon as you can and begin advertising your status once you pass the test.
Also, consider getting a certification dealing with nutrition and vitamins and how to recommend them. Knowing about which supplements your clients can take gives you another added benefit to the client. To start you off, read more about B12 supplements here.
Finding a Good Deal on Equipment
Gym equipment gets very expensive! You can drop several thousand dollars on one large machine like a treadmill or an elliptical bike.
When you need to fill up your gym, decide which equipment is a priority and get as much as you can without going over budget. Consider looking for used equipment still in great condition. You can save a ton of money and still get great quality equipment.
Big Businesses Always Start Small
The key to any fitness routine is dedication. The same goes for your new gym business!
Most new business owners don’t have access to unlimited funds when they first open their doors. It’s important to save money wherever you can so you have money in case of something unexpected happening.
We hope you enjoyed reading this article and that you learned a few things about how to open a gym without breaking the bank. If you’re looking for more great articles about owning a business or the forms you need, check out the rest of our blog today!
