If you love one of the disciplines of martial arts, you might be considering opening your own studio. However, before you commit your time and resources, you want to know that a martial arts studio can become a profitable business.
You need the right equipment in your gym to attract new clients and keep your current roster of members happy. As a gym manager or owner, you know that a gym is like any other small business.
As a gym owner and manager, you're always thinking about equipment. Whether it's replacing a treadmill or adding a barbell set to decrease wait times, equipment is almost certainly at the center of your gym.
As a gym owner or manager, you want to protect your business and ensure the safety of your staff and members. There are a variety of different types of gyms, and all of them need insurance. However, they don't all need the same types of insurance.
As late summer and early fall arrive, there's always the possibility of a tropical storm or a hurricane as hurricane season ramps up. A hurricane can bring wind gusts of up to 156 mph or more, depending on the category of the storm. Once the storm passes or if it stalls out over your area, you can have flooding. If you live in a coastal area or a[...]
When you own or manage a gym, you're in charge of making the most important decisions. From hiring new staff to what equipment to install, you need to handle it all. This includes insurance policies.
When you own or manage a gym, you know that you need liability insurance at a bare minimum. A 24-hour gym also needs insurance but faces additional challenges. You probably opened a 24-hour gym to attract more customers and accommodate your customer base that doesn't work a traditional schedule.
Your employees are a crucial aspect of your gym. They are the face of the brand when interacting with your clients. They also determine how well the gym runs, from keeping everything clean to helping gym members perfect their exercises and everything in-between. As such, they should be perfect in their roles.
The legal concerns for any business are never-ending. For a gym owner, the list of considerations can be even more daunting. From employee safety to injury liability, there's a lot that can go wrong. With many new gyms opening, and more people working to maintain their health, it's important to be aware of any legal concerns affecting your business.
The COVID-19 pandemic's effects have been detrimental to the fitness industry. The latest report by the International Health, Racquet & Sports Club Association (IHRSA) shows that the industry lost approximately 50% of its revenue. Many gyms also shut their doors, some never to reopen.