Archive for the ‘Sports, Fitness & Athletics’ Category

How to Start a Golf Driving Range 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 Golf Driving Range Business Overview:

If you’re a golf enthusiast wishing you could do what you love while being your own boss, you should learn how to start a golf driving range business. Imagine spending your workday playing golf. It’s a dream come true, right? Before you quit your job and pick up your clubs, however, you need to have a solid golf driving range business plan. As you know if you’ve ever been to a driving range, this is not a small business, geographically. Starting a golf driving range requires a lot of land so you will likely need to secure a sizeable loan to make this purchase. Depending on your area, a large piece of land suitable for a driving range may be difficult to find. You will need to outline these challenges and how you plan to address them in your business plan. You should also do some research to see if any driving ranges are for sale in your area. Revamping an already-built range could be much easier than starting one from scratch. However, there isn’t a driving range on every corner so there likely won’t be one for sale that you can grab up. When doing your research into how to start a golf driving range, you’ll need to figure out how to price your services to attract customers and what layouts work best for organizing your range. Marketing your range to set it apart from any competition will be very important so you may want to set up grand opening promotions to attract new customers. Distribute business cards to every golf shop in town and spread the word to all your golf buddies every time you play. You will need to purchase equipment, so finding out where to get golf supplies at wholesale will be important. Finally you’ll need to hire a staff to work for you. Check local high schools and colleges with golf programs who might work with you to hire their students. You will definitely want to hire people with more than a casual knowledge of golf. You could let them use the range for free in exchange for paying them minimum wage. Once everything is in place and you open your doors, this business idea will give you the opportunity to live your dream and spend your days doing what you love.

A Day in the Life of a Golf Driving Range Business Owner:

You will start your day assigning tasks to your employees (stocking ball machines, arranging ball buckets, cleaning the driving areas, etc.). Then you will make a walk through the range to see that everything is in order. You will spend some time marketing your business to other local golf establishments (equipment retailers, golf courses without a driving range of their own, etc.) and placing advertisements online and in local magazines. You will spend a portion of your day visiting with customers and making sure they are enjoying their experience. Finally, you will record the day’s earnings and make sure your finances are on track.

About Your Customers:

Your customers will be golfers at every experience level looking for a top notch driving range on which to practice their skills.

What You Need to Start:

  • Business plan
  • Land
  • License and permit
  • Insurance
  • Equipment (bags, balls, clubs, buckets, etc.)
  • Staff
  • Vending machines (or food service if you offer a menu)
  • Lawn maintenance
  • Cart to gather balls
  • Ball distributor machines

The Good:

  • For a golf lover, nothing is better than spending your days around golf.
  • Once the business gets up and running, it is easy to maintain.
  • You should be able to hire workers for minimum wage.
  • You don’t have to spend your days in an office.
  • You can take time off when you want once your business is well established.

The Bad:

  • Golf is seasonal so your profits might go down in the colder months, depending on where you live.
  • This can be an expensive business to get up and running.

Resources:

Start This Business Today:

To start a golf driving range business today, we recommend you purchase Start Your Own Golf Driving Range. This comprehensive guide will help you navigate the tricky road to starting your own driving range. You will learn what licenses you need, how to determine what you will charge, best practices for accounting and bookkeeping, and much more. For more information or to purchase this HIGHLY RECOMMENDED book, click here.

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Running Your Scuba Diving Business from Exotic Locations

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.

Scuba Diving Business Business Overview:

If you’re ready to start living the good life and getting paid for your hobby, it’s time you consider starting a scuba diving business in your spare time. As owner of a scuba dive business, you will have the option of training students to scuba dive and then accompanying them to exotic locations to put their new skills to work. Or you can choose to run your business solely at exotic locations and simply outfit and dive with your customers there. In order to get started with a business idea like this, you will have to become a certified scuba instructor. Beyond that, what you add to your company is entirely up to you: You can offer scuba products and gear or services that would add to your customers’ scuba experience, or you might just enlist the services of an established scuba gear provider to take care of that for your customers. That’s part of the beauty of this business—you can build your business plan as simply or as detailed as you have the time and money for. From there you get to enjoy the good life of diving or teaching people to dive at beautiful and exotic locations.

A Day in the Life of a Scuba Diving Business Owner:

When you’re on site of a scuba adventure, you will want to be on top of the weather each day to ensure you plan accordingly. You will also want to coordinate with all of your gear providers—boat and driver, scuba equipment provider, and transportation company—to ensure your clients get to the dive site safely and on time and have all the appropriate gear they will need to dive. When you get to the dive site, you will do well to do a final check of your clients’ gear and then encourage them to enjoy themselves. You will also want to give them tips and hints for a successful dive, and encourage them to take smart risks and to have fun.

About Your Customers:

Your customers will be those individuals or families who are interested in scuba diving during a vacation to an exotic location. They might be novices or experienced divers, and your job will be to determine what their limits are and what your company can do to guarantee they have a safe and enjoyable scuba vacation.

What You Need to Start:

  • A business license or permit
  • Business insurance
  • A scuba instructor license
  • A pricing scale
  • Contacts with scuba dive gear providers
  • Contacts for transportation at the various scuba locations
  • Advertising for your company

The Good:

  • You can build a business while enjoying a beautiful location and engaging in your hobby.
  • You can take as many trips as your schedule allows—this job is great as a part-time gig or even as a full-time venture if your company takes off.
  • The initial investment can be as little as your scuba instructor’s license.
  • You get to explore new locations and travel the world while getting paid for it.

The Bad:

  • Weather plays a key role in your business and can cause your plans to change.
  • Coordinating the details for many customers’ vacations can be stressful if you or your employees are not a detail oriented.

Resources:

Start This Business Today:

To start a scuba diving business today, we recommend you purchase Passport to Adventure: The Business of Diving, a step-by-step manual that can get you from the idea stage into the actual business stage in a very short time. For more information, or to purchase this HIGHLY RECOMMENDED business system, click here.

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How to Open a Dance Studio with Near-Guaranteed Success

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 Open a Dance Studio Business Overview:

If dance is your passion and you are looking for a way to turn your hobby into a business, you should find out how to open a dance studio. The dance instruction industry is huge and there is always room for a newcomer to open a dance studio. These days ballroom dancing is very popular but all varieties of dance classes are well attended from modern dance to classical ballet. Depending on your dance background, you may want to open a salsa dance studio. If you’re a classically trained ballerina, open a ballet studio. If your training is in more than one type of dance, you can offer classes on many different types of dance. And you can always hire dance instructors trained in different styles to expand your client base. You definitely will want to have a dance studio business plan. This is the document that will outline what types of dance you will focus on, whether you want to buy a dance studio or build one yourself, how many instructors you need to hire and how you will market your new studio. Your research on how to start a dance studio should include scoping out the local competition in your area. The dance community is close-knit and dance lovers are always willing to help other studio owners with tips and advice, so don’t be shy about contacting local owners for advice and input. Once you have hired a couple instructors, you’ll be able to offer a wide variety of classes, both to little children wanting to be ballerinas and to adults preparing for their wedding day. Soon you will be dancing your way to success with this dance studio business idea.

A Day in the Life of a Dance Studio Owner:

If you are an instructor in your dance studio, you will need to dress appropriately for your scheduled classes and make sure the studio is clean and ready for students to arrive. If you have other instructors working with/for you, make sure they arrive on time and are dressed appropriately. Spend time between classes marketing your new studio via magazine ads aimed at your target audience, distributing fliers to dance clothing stores and other businesses that cater to dancers. During your day you will be talking with students and parents (if your students are school-age), making sure they are happy with their classes. You will collect tuition payments and send out invoices as necessary. You’ll want to make sure to enter the tuition payments in your finance software and to ensure that your instructors are paid.

About Your Customers:

Your customers will be dance lovers looking for quality dance instruction. Depending on what type of classes you offer, your students will range in age from pre-school to adult.

What You Need to Start:

  • Passion for dance
  • Business plan
  • Marketing plan and materials
  • Business license and insurance
  • Dance studio (with proper floors, barre, dressing room, etc.)
  • Dance instructors
  • Music (CD player, record player, piano with pianist, etc.)
  • Dance attire
  • Computer with finance software

The Good:

  • For a dance lover, being able to dance all day and get paid for it is a dream come true.
  • Watching people learn to dance is very rewarding.
  • Demand for dance classes will always be high.
  • You can charge top dollar for quality instruction.
  • If you have instructors teaching all your classes, you won’t need to do a lot of work each day.

The Bad:

  • Finding dance instructors up to your standards could take some time and patience.
  • You will need a decent-sized building, so renting or buying a studio is a must.

Resources:


Start This Business Today:

To start a dance studio business today, we recommend you purchase a subscription to Dance Studio Owners. This website offers the best information about all things dance including advice on marketing your studio, how to set pay rates for your instructors, testimonials from successful dance studio owners, and much more. For more information or to purchase a subscription to this HIGHLY RECOMMENDED website, click here.

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Starting a Personal Training Business: Here’s What You Need to Know

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 Personal Training Business Business Overview:

If you’re a fitness professional wanting to make the transition to business owner, you should look into starting a personal training business. Working for a big gym lets you put your skills to use but starting a personal training business of your own gives you the freedom to work how and when you want. You can also charge your own rates and not have to give a portion of your hard earned paycheck back to your employer. Sounds like a pretty good business idea, right? But before you quit your day job, you should work on a personal trainer business plan to ensure you have everything in order before going out on your own. You’ll need a roadmap to guide you so that you don’t flounder in this huge market. Another element vital to your success is a marketing plan. Without clients, there is no income. When you research how to start a personal training business, you’ll find several ideas for ways to market your business. You can talk to smaller gyms who have no trainers on staff and see if you can leave your marketing materials with them. Word of mouth, direct mail and newspaper or online ads are also good options for marketing your new business. After you have a few appointments, professionalism, customer service and your excellent personal training skills will seal the deal. Give your clients a few business cards and ask them to spread the word to their friends. You could even offer a referral discount to secure new clients. Before you know it, your schedule will be full and your new business will be the talk of the town.

A Day in the Life of a Personal Training Business Owner:

If you have clients already, you’ll want to check your schedule to see when and where you need to meet them. You’ll need to spend your appointment time wisely and be sure to give your clients exactly what they need. If you do not have any clients yet or if you don’t have any appointments that day, you’ll spend your time marketing your business to local gyms and other fitness-oriented businesses such as nutrition stores and athletic retailers. If you have a staff of trainers working for you, you’ll make sure they know when and where to meet your clients. Finally, you should take a look at your finances to see if everything is on track with invoices and payments.

About Your Customers:

Your customers will be individuals interested in losing weight and/or toning up with the help of a personal trainer.

What You Need to Start:

  • Business plan
  • Marketing plan and materials
  • Relationship with local gyms and businesses
  • A place to workout (gym, track, etc.)
  • Computer with finance software
  • Professional fitness attire (good running shoes, athletic clothes)

The Good:

  • If you are a fitness professional, you have all the skills necessary to start your own business.
  • As a business owner, you can work as much or as little as you want.
  • You can spend all day doing what you love.
  • It is very rewarding to help people attain their goals.
  • There is virtually no overhead in this business so the profit margin is very high.

The Bad:

  • It can take some time and patience to fill up your schedule with clients.
  • There is a lot of competition in this market; it might be difficult to set your business apart from the competition without a solid marketing plan.

Resources:


Start This Business Today:

To start a personal training business today, we recommend you purchase the Personal Training Business Action Plan. This comprehensive guide will tell you everything you need to know about starting a personal training business including what your objectives should be, how to market your business, how to properly identify your niche, and much more. For more information or to purchase this HIGHLY RECOMMENDED book, click here.

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Starting a Martial Arts School Business: How to Kick it Off Right

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 Martial Arts School Business Overview:

If you have a passion for martial arts and want to impart that knowledge to others, consider starting a martial arts school. Taking the right steps for preparation and having a well-researched business plan are the key elements in knowing how to open a school. This business idea will succeed with thorough preparation.  You need to equip yourself with the right knowledge, use strategic business planning, and have great determination. Not only is it easy to start a martial arts school using your many years of experience, but you can also teach and guide people of all ages in their quest to learn martial arts, which is a very fulfilling endeavor.  The interest in learning Martial Arts today is on the rise, fueled by Hollywood action movies and the increasing need people have in wanting to be able to defend themselves. This is the right time for you to turn your passion into a business venture.


A day in the life of a martial arts school business owner:

A typical day for a martial arts school business owner may start with organizing the day’s work by making sure the practice area and equipment are in good shape and ready for the students. If you are the instructor, you then will spend time preparing for the classes you have that day. If you have a staff working for you, you will assign them their work for the week. Part of the day will also be spent on monitoring each student’s progress, continuing your own study of martial arts skills, administrative duties, and promoting the martial arts school. There also may come a time that you will travel to other clubs or institutions to be a part of special workshops.

About Your Customers:

One of the best parts of having your own martial arts school is that your customers come from every walk of life, across all age groups. There are four year olds who love their martial arts classes and there are seniors in their seventies still practicing martial arts. You can target school-age children in the afternoon and focus on moms for your customers during the day when their kids are in school. In addition, many young men and women pursue martial arts as a way to stay fit, filling up your evening class times.

What You Need to Start:

  • A rental space large enough to hold classes of up to 10 people at a time.
  • Knowledge of martial arts or the ability to hire someone with the training and skills necessary to teach a wide variety of classes.

The Good:

  • This business is in line with your passion.
  • Many people are interested in learning martial arts.
  • Starting up the business requires no costly equipment, only a large enough rental space to hold your classes.

The Bad:

  • There are many competitors in the martial arts school industry.
  • You will be spending most every day at your studio/gym.

Resources:

Start This Business Today:

To start a martial arts school business today, we recommend you purchase Small Dojo, Big Profits. It will provide you with the unbiased truth and contains all the facts you need to know in order to succeed with opening your own school. For more information or to purchase this HIGHLY RECOMMENDED book, click here.

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