Thinking of Opening and Operating a Fitness Studio?

Thinking of Opening and Operating a Fitness Studio?

Are you thinking about opening a fitness studio? While it is a great idea and it helps to promote good health, there are quite a few things you will need to be aware of when it comes to owning and operating one of these facilities. You will want to make sure that you have covered all of the bases in order to have the best chance of success, while keeping in mind the need to protect your time and money investment.

One of the many things you will need to do if you are thinking of opening and operating a fitness studio of your own is to make a plan. Every successful business owner has a plan and they have spent hours perfecting and editing this plan. When you make your plan you need to list out every aspect of the company including how many people you plan to hire. What equipment you need, location, what classes you plan to offer, your operating budget for everything from cleaning, taxes, utilities and the list goes on.

One of the mistakes many new business owners make is under estimating the cost, especially the monthly budget. Be sure to include a generous budget for marketing and advertising, for this is the one place you don’t want to skimp. A well thought out plan utilizing the assistance of a marketing expert is recommended. You might be thinking that this expert will cost you money when in fact in the long run they will save you money. There is an unlimited number of mistakes to be made and these mistakes can be costly.

Another thing you need to keep in mind is that if you plan on offering any types of classes to the public, you will need to be certified to instruct the classes. If you do not want to get the certification, you will need to hire trainers and teachers who hold certifications in the classes you plan on having them teach. In addition to these certifications, the instructors and teachers will also need to be certified in CPR and AED.

Another big issue to be mindful of when choosing a fitness studio is whether or not the facility is eligible to be operated as a fitness studio. What does this mean? The building will need to go through an inspection and pass fire codes. It will also need to pass health inspections, plumbing inspections, and the like. Not being prepared for this usually leads to the facility not passing the inspection. There are certain mandatory requirements that must be met and certain health codes that need to be in place. You should consult with a licensed builder in the area where you are considering to open, licensed builders are aware of the local codes and requirements. They can save you a lot of time and headaches.

Liability is also a big issue and is something you want to consider before moving forward with opening your business. You will need to have a plan in place and carry enough insurance to properly cover your liability. This coverage will help keep you and your business protected should someone get hurt in your studio. Consulting a licensed insurance agent that covers commercial property will be a must.

Opening a fitness studio is a great idea and it provides people with an outlet to get themselves healthier. If you are considering opening a studio then you will want to consider the above points as these can hold up or even prevent you from opening your dream fitness studio.

I hope you found this article to be helpful, As a former fitness studio owner myself, I have attempted to give you a glimps into some of the most important parts of studio ownership. From time to time I will be providing additional articles about the Fitness Business, visit often to keep up to date!

Ruthie Gage

CLICK HERE if you would like to be notified of new articles as they are released!

GET YOUR FREE REPORT HERE!