Archive for the ‘Sports, Fitness & Athletics’ Category

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How to Open an Aerobics & Zumba Studio

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Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Open an Aerobics & Zumba Studio Business Overview:

If you’re a fitness buff looking for a way to use your skills to help others have a healthier lifestyle, learn how to open an aerobics & Zumba studio. Aerobics classes have been around for decades and feature movements of varying difficulty usually set to music with the goal of raising the heart rate and improving strength and stamina. Zumba is a relatively new trend that seems to be everywhere these days. It combines Latin dance moves with music in an effort to make aerobic exercise more fun. If you’re already an instructor at a gym or fitness center, opening your own studio is the natural next step. You’ll need to line up financing and have a solid business plan outlining your goals and how you intend to reach them. Or, you can start your business small and look for studios in local community centers (like the YMCA) until you build your client base and are able to move into your own studio. If you are not an instructor but see the profit potential in business ideas like this one that aim at fitness and health, you can hire qualified instructors to work for you. Market your new business in areas that attract people looking to improve their lifestyle. Consider placing flyers in organic grocery stores and fitness centers (that do not offer their own aerobics programs). Also target high traffic locations like your local coffee shop and area parks. Be sure your flyers include all the important information such as location and times of classes. You should try to offer a variety of classes to serve more people. Low-impact, high-impact and classes for seniors are just a few different types of classes you can offer. As your business grows, you can hire more instructors and offer more classes. Best of all, your business offers a valuable way for people to improve their fitness and quality of life.

A Day in the Life of an Aerobics & Zumba Studio Business Owner:

Your day will begin by arriving at your studio before your first class and making sure everything is clean and ready to go. You will set up steps or free weights and anything your class may need. You will get your music ready to go and await your customers. If you are not instructing the classes, you will oversee your instructors and greet customers. You will spend time on the phone talking to potential class members and arranging payments. You will also look for new ways to market and grow your business.

About Your Customers:

Your customers will be individuals looking to improve their health and quality of life by taking aerobics or Zumba classes.

What You Need to Start:

  • Business plan
  • Marketing plan and materials
  • Studio
  • Instructors (optional if you are the instructor)
  • Music
  • Equipment (steps, aerobic balls, free weights, etc.)
  • Computer with finance software

The Good:

  • The fitness craze is getting more and more popular.
  • Offering a variety of classes will attract more customers.
  • You can hire instructors to handle classes for you.
  • You can start your business small by using space in community centers.
  • You get to do something you love that will also keep you in shape.

The Bad:

  • When it’s time to rent your own studio, the investment needed can be high.
  • It will take some time to fill up your classes; aerobics classes are prevalent and there is plenty of competition.

Resources:

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Starting a Yoga Studio

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting a Yoga Studio Business Overview:

Starting a yoga studio is the perfect business opportunity for an experienced yogi looking to help others gain the physical and mental strength yoga teaches. Yoga is an age-old physical and mental discipline with origins in India that uses slow strength positions and meditative practices to boost power and mental acuity. When you start to research how to start a yoga studio, you’ll learn that to be successful, you need a yoga certification which can be obtained from a school or a respected teacher. Next you need to draft a business plan which will help you focus your efforts and have the greatest chance of profitability. Decide where your yoga studio will be and whether or not you need to purchase a franchise business. You can start out small, using space in local community centers and renting out studios at fitness centers until you build up your clientele enough to rent out your own studio. If you have the resources, a franchise will help you with all the decisions up front from what types of classes to offer, to how much to charge. A franchise will also come with impressive branding and extensive marketing assistance. If you are not experienced in yoga to the point of being able to properly teach others, but you see the profit potential of this business idea, you can recruit teachers to work for you. You could choose to have teachers with varied areas of expertise that would allow your studio to hold classes on yoga as well as other popular exercise practices such as pilates. Once you know what types of classes your studio will offer, you need to purchase appropriate equipment such as yoga mats, free weights and steps that will be needed in classes. Another important purchase you will need to research is insurance. You must be covered in case an accident or injury happens in your place of business. Market your business by placing flyers around town, talking to your friends and family and placing ads in the newspaper and phone book. You’ll also definitely want a website. To add profits to your bottom line, consider renting out your studio to other small business owners like self-defense instructors and martial arts teachers. As you can see, there are many ways to take advantage of this very popular fitness practice. Your skills and dedication can take a small studio to the next level and earn your business a substantial profit.

A Day in the Life of a Yoga Studio Owner:

If you are the yoga instructor, you will arrive at the studio well before your first class to make sure it is clean and your equipment is properly arranged. If you are not teaching classes, you will still arrive at the studio before the first class and greet customers as they get ready for class. You will take phone calls throughout the day and sign up new members for classes.

About Your Customers:

Your customers will be individuals looking for excellent yoga instruction.

What You Need to Start:

  • Yoga studio business plan
  • Studio space
  • Insurance
  • Equipment
  • Marketing plan and materials
  • Franchise (optional)
  • Instructors (optional)
  • Computer with finance software

The Good:

  • Yoga is a very popular, low-impact fitness option for a people in a variety of age groups and fitness levels.
  • Franchises are available to help you get started.
  • You can also choose to start small and rent out space in another facility.
  • You can hire instructors to handle the classes for you.
  • You get to do what you love all day.

The Bad:

  • It can take some time to build your client base.
  • This business is very competitive; you will need to set your studio apart to attract clients.

Resources:

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How to Run a Self Defense Training Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Run a Self Defense Training Business Business Overview:

If you’re looking for a part-time business that lets you use your skills to empower people, you should learn how to run a self-defense training business. Self-defense classes are very popular these days and you can start one with a very small start-up investment. You don’t even need to rent out a studio; you can coordinate with community centers, YMCAs and fitness centers where you can teach your classes. This is the perfect business for someone with military, law enforcement or martial arts training. Business ideas like this one are so popular because you are not limited to a single market. You can offer your services to men, women, kids and the elderly. You could, of course, choose to concentrate on one niche but opening up your classes to everyone will bring in more customers and make more people in your community feel safer. There may be different techniques that are best for women or for men so consider holding different classes for different groups. You can also contact local businesses to gauge their interest in holding self-defense classes on site at their offices. Self-defense classes are a great way for managers to foster team-building skills and help coworkers bond so they can work better together. Place flyers all over town in places like community centers, grocery stores and college campuses. If your classes fill up, you may need to add more classes and you can choose to turn this into a full-time business with a staff to help you teach classes.

A Day in the Life of a Self Defense Training Business Owner:

Each day you will meet your customers wherever you are holding your classes and will teach them the art of self-defense. When you are not in class, you will spend some time marketing your business and recruiting students. You may also recruit other self-defense teachers to do the work for you or just to expand your business.

About Your Customers:

Your customers will be individuals looking for self-defense training.

What You Need to Start:

  • Self defense expertise
  • Location for your classes
  • Marketing materials
  • Computer with finance software

The Good:

  • Self-defense training is always in demand.
  • It is rewarding to help others gain skills that can protect them.
  • You can easily run this business part-time.
  • You don’t need a storefront as you can use space at community centers, fitness centers and other locations like business offices and schools.
  • The start-up costs are minimal.

The Bad:

  • It can take time to build your client base.
  • It can be difficult to hold classes in a community center due to the noise and occasional scheduling conflicts.

Resources:

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How to Start a Parasailing Business

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Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Parasailing Business Business Overview:

If you live near a resort community and love the water, learning how to start a parasailing business is a fun way to turn your hobby into a moneymaking business. Parasailing is a water activity in which an individual or couple is attached to a parachute which is then attached to a boat. The boat drives around and the parasailer gets a beautiful view from high above the water. If you already own a boat, you are well on your way to starting your parasailing business. Research the best types of parasailing equipment including the chute, harness, ropes, etc. by talking to other parasailing business owners. If no one in your area is interested in helping you for fear that you’ll take some of their business away, consider contacting parasailing businesses in other areas that you are not in direct competition with. A third crucial element to your business is insurance. If you and your crew are properly trained and your equipment is of high quality, parasailing is a safe activity; however, you do need to be financially covered in case of an accident. Next you’ll need to market your business. Print up flyers and distribute them to local restaurants, resorts and hotels. Consider offering a discount coupon on the flyer to attract your first customers. Since your target market likely does not live in your area and will only be in your area on vacation, it’s a good idea to set up a website with beautiful pictures of your boat and someone parasailing. List your prices and contact information. Often tourists will book activities like this before they travel so you need to have a good way of keeping track of appointments. You can run this business part-time if you wish and only take appointments or you can set up your boat and equipment near the beach (or at the dock if you work on a lake) during certain hours and take walk-up customers. Either way, this is one of the more exciting business ideas available to a water-loving entrepreneur.

A Day in the Life of a Parasailing Business Owner:

Your day will begin by checking any appointments you may have. You will set up your boat in your designated spot and meet your appointments or take walk-up customers. You will spend your day working with customers and driving the boat. If you have a crew that handles the parasailing duties for you, you will spend your day taking appointments and marketing your business.

About Your Customers:

Your customers will typically be tourists looking for an exciting adventure.

What You Need to Start:

  • Boat
  • Parasailing equipment
  • Extensive knowledge of parasailing safety
  • Crew (You can operate this business solo but having another person to help is a good idea for safety reasons.)
  • Business license
  • Insurance
  • Marketing materials
  • Computer with finance software

The Good:

  • If you live near a resort community, parasailing is a very popular activity.
  • Once you make the initial investment, the overhead is very low and your profit margin is very high.
  • This is a fun business.
  • You get to work with many different and interesting people
  • You get to be on the water all day doing what you love.

The Bad:

  • The start-up investment can be high.
  • Depending on your tourist season, this business may be very slow at certain times of the year.

Resources:

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Starting a Jet Ski & Boating Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting a Jet Ski & Boating Business Business Overview:

If you live near the water and you’re looking for a way to tap into the lucrative world of watercraft sales, consider starting a jet ski & boating business. Where there is a body of water, there are boats and plenty of people looking to purchase boats. There are probably also a few boat shops in your area so it’s important to evaluate your competition in order to set your business apart. A boating dealership can be one of the most profitable business ideas available if you position your store correctly and match your products with your customers. Consider the economic status of the area before deciding what types of watercraft you will sell. Also consider what types of boats are most popular in your area. If you live on a lake that’s used primarily for fishing, you should sell fishing boats in all sizes and at a variety of price points. However, if you live near the ocean where the most popular boat is a luxury yacht, your inventory will be much different. If you don’t have prior boating or sales experience, you should look into purchasing a franchise business. A franchise will come with training and support that will help you get started in this industry. Regardless of what type of boats you carry, you should also carry a variety of jet skis (also called personal watercraft). Jet skis are popular on every lake and off the coast of every ocean and they offer water lovers a more affordable option for getting on the water. In addition to sales, you could also offer boat and jet ski rental as well as boat and jet ski repairs as a way to bring in more customers. If you are not qualified to do the repairs yourself, you should hire an expert boat repair specialist to work for you. As the storeowner, you need to be free to help customers, deal with distributors and manage the daily administration of your business. If you offer unique products and excellent customer service, your boat and jet ski dealership will soon be the go-to store for anyone in your area.

A Day in the Life of a Jet Ski and Boating Business Owner:

Your day will begin by opening your store and welcoming customers. You will spend your day helping customers with questions about their boating needs and hopefully making some sales. You or your staff will handle repair orders and you will coordinate repairs with your repair personnel. You will likely spend some time on the phone with manufacturers and distributors arranging delivery of new items for you to sell.

About Your Customers:

Your customers will be individuals looking to purchase or rent boats and jet skis.

What You Need to Start:

  • Boating and jet ski business plan
  • Storefront
  • Franchise (optional)
  • Marketing plan
  • Inventory of watercraft
  • Repair personnel
  • Sales and administrative staff
  • Computer with finance software

The Good:

  • In areas near water, boating is big business.
  • You can increase sales by offering repairs as well.
  • You can hire a staff to do most of the work for you.
  • Franchises are available to help you get started.

The Bad:

  • The start-up investment is high.
  • Depending on the climate you live in, boating can be a seasonal business.

Resources:

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The Fun of Running a Youth Sports Photography Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Youth Sports Photography Business Business Overview:

If sports and photography are two of your passions, why not combine the two into one great business venture and start a youth sports photography business? Even if you are an amateur photographer, you can be a success with this business. You just need a camera and with a little practice you’ll be taking exciting action shots before you know it. With all the youth sports leagues playing games after school and on weekends, sports photography is one of the more lucrative business ideas available if you have an interest in providing thrilling photos to athletes and their friends and family. If you happen to own a photography business, adding youth sports to your repertoire can be a smart move considering you already have the equipment and skills you need. To get started, you should contact any local sports leagues and schools and explain what you do. Have a few example shots available either in person or on your website to show potential league managers. Your clients will typically be parents of athletes playing various sports in your area. Parents tend to miss a good portion of an event if they’re constantly concerned about getting just the right photo of their child. Knowing they can purchase professional photos of the event allows them to relax, cheer for their son or daughter and truly enjoy the experience. A professional website will be key to the success of this business. Simply hand out business cards at each sporting event and post the photos from that event online. If you choose, you can password protect each event; just be sure to write the password on the business cards so parents can access photos of their child’s event. Customers can then place orders online which will free you up to keep marketing your business and taking more photos to sell. You may find that demand is so high for your business services that you need to hire freelance photographers to work for you. That way your business can cover multiple sporting events simultaneously. The more photos you take, the more your services will be requested. Your business will grow as fast as the sprinter you photograph.

A Day in the Life of a Youth Sports Photography Business Owner:

If you have events, your day will begin with a check of your schedule and your equipment to ensure batteries are charged, extra memory cards are packed and you have all the other equipment you may need to take your photographs. You will also set up a place holder page on your website for the event(s) you will cover that day. You will get your business cards ready to hand out. If you have multiple events and/or have a staff working for you, you will coordinate with them to make sure they know where to go and when to be there. After your event(s), you will hurry back to your computer and upload your photos. You will field questions via phone and email but sales should happen automatically. You will then need to print and mail your photos to your clients—or use an online service to do this for you.

About Your Customers:

Your customers will typically be the parents of the young athletes you photograph. Youth leagues and schools may also purchase photos for promotional materials and yearbooks.

What You Need to Start:

  • Digital camera
  • Accessories (extra memory cards, external flash, tripod, etc.)
  • Website
  • Staff (if needed)
  • Computer with photo editing and finance software
  • Business cards and other marketing materials

The Good:

  • For a skilled photographer, this is an excellent secondary business.
  • For an amateur photographer, sports photography is a relatively easy skill to learn.
  • Return on investment is huge.
  • You get to work in an exciting environment.
  • You’re not stuck in an office 9-5.

The Bad:

  • It can take some time to get your name out there and get your first sales.
  • The hours can be long and irregular.

Resources:

Start This Business Today:

To start a youth sports photography business today, we recommend you purchase Sports Photo Success. This complete guide will teach you all the tips and tricks you need to take and sell the best photos. You will learn which sports pay best, which software to use, how to use the Internet to boost your sales and much more. For more information or to purchase this HIGHLY RECOMMENDED book, click here.

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How to Start a Bicycle Repair Shop Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Bicycle Repair Shop Business Business Overview:

Learning how to start a bicycle repair shop business could be the ticket to financial freedom for the cycling enthusiast entrepreneur. If you are a cyclist, you know how seriously people take their bicycles and how important it is that their bikes are working properly. You also know that few cyclists know how to fix their bikes if something breaks. Opening a bicycle repair business is something you can do in your spare time and you can do it from home. You will need to have a small storage space to keep bicycles while you work on them but the startup investment is minimal. If you already work on bicycles, you likely have all the tools you need for this business. And you can always hire someone with repair skills to do the work for you. In this case, you would be able to concentrate on marketing your new business. You can leave fliers in bicycle shops and larger athletic stores. Hand out business cards to your cycling buddies and spread the word at area bike trails. Take out ads in local outdoor magazines and in newspapers. You should set up a website with information about the types of repairs you offer along with a price list. With the popularity of “green” activities, helping the cycling community is one of the best business ideas out there today. And unlike operating a bicycle shop, you don’t have to worry about housing an inventory. You will need to stock a few commonly used parts so you can make quick repairs, then you can order parts from the manufacturer for the more rare fixes. If you offer speedy repairs with excellent customer service, it will only be a matter of time before yours is the go-to repair business in town. You may have to hire additional repair professionals to help you grow your business.

A Day in the Life of a Bicycle Repair Shop Business Owner:

Your day will begin by working on any ongoing repairs. You will also take walk-in repair requests and field phone calls to make repair appointments. You will spend a portion of your day distributing marketing materials to various locations around town where cyclists shop and gather (bike shops, bike trails, etc.). If you manage a staff of repair workers, you will communicate with them throughout the day to ensure their repairs are on schedule.

About Your Customers:

Your customers will be cyclists of all skill levels from beginning to expert, who are in need of high quality, timely bicycle repair services.

What You Need to Start:

  • Bicycle repair skills (or you can hire a repair staff)
  • Area to store bicycles while being repaired
  • Tools
  • Repair manuals
  • Marketing plan and materials
  • Website
  • Computer with finance software

The Good:

  • If you have repair skills, this is a great way to start a business.
  • You don’t have to have an office; you can work from home.
  • You can run this business in your spare time.
  • If you offer excellent repair work and customer service, you will get repeat business.
  • Start up costs are low.
  • You can charge top dollar for first-rate repair work.
  • It is rewarding to be able to fix a problem and help a fellow cyclist.

The Bad:

  • It can take some time to get your first few clients.
  • Some repairs will be more difficult and time consuming than others; you need to communicate this effectively with the bicycle owners so their expectations are properly set.

Resources:

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How to Start a Teen Caddy Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Teen Caddy Business Business Overview:

If you’re a golf-loving teen who enjoys the outdoors and you’re looking for a small business idea, you should look into how to start a teen caddy business. A caddy typically carries the golfer’s clubs, hands out clubs and puts them away, cleans golf balls, helps the golfer find errant shots and does anything else the golfer may need. Once you’ve learned how to become a caddy, you might also replace divots, pull the pin for putts and calculate the distance to the hole. The level of service you provide will determine the amount you charge. Since you will be an independent business, not affiliated with a particular golf course, it’s important that you clear your services with each course at which you will be caddying to ensure you aren’t breaking any course rules since many courses employ caddies. Once your business is up and running, you will likely want to hire other teens to be caddies in order to handle the demand. You may even talk to local golf courses to see if you can contract your business services directly with the course and be paid by the course and not the individual golfers. In this case, not only would you and your caddies earn money from the course but you would also earn tips from the golfers each time you caddied a round. As your team’s skills increase, you can raise your rates. Increased skills will turn into increased demand in the golf community. Soon your caddy business will be the talk of the town and you’ll need to keep hiring new caddies to keep up with demand.

A Day in the Life of a Teen Caddy Business Owner:

Your day will begin with a check of your schedule to see what caddy appointments you have. If you have a staff working for you, you will coordinate client assignments with them. If you don’t have any appointments of your own, you will spend your day distributing marketing materials to local golf supply stores, fitness centers, and golf courses that allow outside caddies to help course golfers.

About Your Customers:

Your customers will be golfers in need of excellent caddy services. Your customers might also include golf courses if you are able to contract your business services directly with them.

What You Need to Start:

  • Excellent customer service skills
  • Moderate to high level of golf knowledge
  • Marketing materials
  • Transportation

The Good:

  • If you are interested in golf, this business is a great way to gain more experience.
  • Owning a small business looks really good on college applications.
  • The startup capital needed for this business is very low.
  • You can charge top dollar for high quality caddy services.
  • Working within the golf community is a wonderful networking opportunity.

The Bad:

  • Golf is seasonal so you would only be able to operate this business during certain times of the year depending on where you live.
  • Since golf is strictly an outdoor sport you may have days of working in intense sun and heat.

Resources:

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How to Start a Bicycle Shop

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Bicycle Shop

If you have a passion for biking, learning how to start a bicycle shop could well be the business idea for you. As the owner of a bicycle shop, you will have the opportunity to sell bicycles to other biking enthusiasts and, in doing so, contribute to the health, fitness, and general pleasure and happiness of others. Many people are looking into how to open a bike shop as recent statistics show that there are about 45 million adult "cyclists" today, and cycling ranks fifth on the list of most popular outdoor recreational activities. If you would rather run this business from home, opening an internet bicycle shop is also a wonderful online business idea. You will, of course, need to have some storage space for your inventory if you choose to go the online route. After learning how to open a bicycle shop you’ll definitely be serving a passionate crowd so you’ll want to really know the different makes and models, and understand which bike to recommend to each rider. Moreover, you’ll also be contributing to the betterment of the environment as many people have started turning to bicycling as a cheaper and more environmentally friendly alternative to their car–at least for getting around locally. In addition to selling bicycles, you can also offer biking accessories such as pumps, helmets, spare parts and so on. By doing so you’ll greatly enhance your profits as the margins on accessories are generally quite high. You can also offer bike repair services if you operate in a storefront. Added to all this, no special qualifications or training are required to open a bicycle shop. Passion and enthusiasm are the only requirements, as the success of your bicycle shop will to a great extent depend on the excellent customer service that you and your staff will provide to your clients. If you can do that, you’ll have a great chance of building a profitable business selling bikes and serving others who share your love for biking.

A Day in the Life of a Bicycle Shop Business Owner:

If you operate a storefront you’ll typically want to be ready to open up your store by around 9 a.m. or so. Throughout the day people will enter your shop and you’ll provide excellent, enthusiastic and informative customer service as you help your clients select and buy the best bicycles and accessories for their needs. A typical day would end around 6 p.m., at which time you’d close up your shop, ensuring that it’s tidy and ready to open for business again the next day. You can of course hire staff to serve customers and open and close your bike shop for you. Other typical daily activities will include keeping an eye on your stock and ordering new bicycles and accessories to keep stock levels high. If you operate an online bicycle shop, your hours do not have to be so concrete. You will check orders each day and contact customers with any questions. You will coordinate shipping of bicycles and accessories to your customers and deal with manufacturers and distributors to keep a good supply on hand of the most popular bicycles.

About Your Customers:

Your customers will be people looking to buy new bicycles, or parts and accessories for the bikes they already own. Additionally, if you run a storefront business, your customers may come to you for your help repairing their bikes – if you choose to offer a repair service.

What You Need to Start:

  • A bicycle shop business plan
  • Marketing plan
  • Storefront or website
  • Inventory (a range of bikes, biking accessories, etc.)
  • Staff (if you have a physical store)
  • Business license and insurance
  • Computer with finance software

    The Good:

    • If you have a passion for biking, you’ll be doing work you love all day.
    • You’ll be contributing to the betterment of the environment as many people are buying bikes as an alternative to using their cars.
    • No special qualifications are needed.
    • You’ll be helping people become healthier and more fit.
    • Cycling ranks fifth on the list of most popular outdoor recreational activities so you’ll be serving a hungry crowd.

    The Bad:

    • Passion and enthusiasm are requirements as bicycle retailing can be very competitive, so the outstanding customer service you provide will be the key to you standing out from larger stores.
    • You will need to be very committed and work hard to make your bike shop a success, at least in the beginning.

    Resources:

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    How to Start a Fitness Center

    Looking for Capital to Start Your Business?

    Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

    How to Start a Fitness Center Business Overview:

    If you’re looking for a fun and financially rewarding business idea helping people become healthy and fit, consider learning how to start a fitness center. As a fitness club (also known as “health club”) business owner you will provide facilities and assistance to people looking to take care of their health and fitness. Therefore you’ll be making a fantastic contribution in such an important area of people’s lives, and the great thing is that you don’t have to be a fitness trainer yourself in order to do it—you can hire personal trainers to work for you. If, on the other hand, you are a personal trainer, then learning how to start a health club could be a very attractive business idea for you as it will allow you to become your own boss. With a solid fitness club business plan, you can design the center itself and decide the type of services you want to offer. You can also decide whether you want to open a general fitness center, or if you want to open one aimed at specific types of people (for example older adults, younger people, women only, men only, etc.). In addition to this, when starting this business you’ll have confidence knowing that you’re moving into an industry that, while somewhat competitive, is proven to be resilient and strong in any economy. Recent statistics in the USA for example have shown that the numbers of fitness club memberships have doubled over the past 10 years, and those numbers continue to grow consistently each year. While you can get creative, put together your own health club business plans and build your own thriving fitness club, it is also possible to purchase a franchise. And in addition to this, you’re not limited to offering fitness facilities only. You can also increase your profits while improving the service you provide to your members by offering complimentary classes such as Pilates and yoga, and other complimentary services such as massages. All in all starting a fitness club represents a highly lucrative business opportunity for you to take advantage of.

    A Day in the Life of a Fitness Center Business Owner:

    As a fitness center owner, a typical day would start early—as many people like to get in their workout in the morning before work. Therefore you’d be up and ready to open your center at around 6 a.m. Of course, you can hire staff to open up early for you if you wish. If you are a personal trainer yourself and you choose to work directly with clients, then throughout the day you’d spend time helping your members achieve their health and fitness goals by putting together plans for them and working with them during their workouts. If you’re not a personal trainer, then your staff will be doing this for you. Fitness centers are typically open late to give clients maximum flexibility for getting in their workouts. Therefore you’ll typically close down your fitness center around 10 p.m., ensuring all the equipment is back in the correct place and that the center is clean and ready for business the next day.

    About Your Customers:

    The specific needs and wants of your customers may depend on whether or not you decide to focus your fitness center on specific groups of people (e.g. older people, younger people, women only, men only, etc.). However, in general your customers will be people looking to improve their health and fitness. This will include people looking to lose weight, increase their levels of fitness and energy, and people who want to build muscle and/or tone up their bodies.

    What You Need to Start:

    • Adequate space for your fitness center
    • A good location for your fitness center
    • Equipment (fitness and weight machines, fitness accessories)
    • A fitness club business plan
    • A marketing plan and materials
    • A computer with finance software

    The Good:

    • You’ll be making a fantastic contribution helping people take care of one of the most important areas of their lives – their health.
    • You don’t have to be a personal trainer to start this business.
    • You’ll be your own boss.
    • There’s lots of freedom—you can offer a general service or target specific groups of people.
    • It’s a strong and profitable industry to be in and has been proven to be recession-proof.

    The Bad:

    • The overhead can be quite high when starting up.
    • It can take some time to build up a client base in the beginning.

    Resources:

    Start This Business Today:

    To start a fitness center business today, we recommend you purchase the book Start Your Own Fitness Club. This complete guide will teach you how to develop an effective business plan for your fitness center, how to determine how much space you will require for it, how to find the best location, which equipment and supplies you will need and much, much more. For more information, or to purchase this HIGHLY RECOMMENDED book, click here.

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