You also need to consider the costs of damages to your rental property. From water damage to a shattered front window, you might be on the hook to pay a lot of money for repairs. The right insurance policy covers these damages for you.
Another consideration is the things that your employees say and do. You want to do a background check on any employees you hire to ensure the safety and well-being of your students.
If an employee makes an inappropriate remark or touches a student in an offensive manner, you can find yourself in the middle of a lawsuit. Look for an insurance policy that protects you from this type of allegation and covers any settlement or judgment.
Build a Website
Even before you open the doors of your martial arts studio, you need to have a website in place. In the modern world, people don't consult a phone book when they're considering taking a martial arts class. They go online.
A professional website can be an introduction to your martial arts studio and provide valuable information. You can use your website to offer more information about your martial arts discipline and display the times of your classes.
You can even provide the membership paperwork on your new website, so prospective students can print it and bring it with them. The sooner you launch your website, the sooner people can find your studio.
Create a Social Media Presence
It's always a good idea to build excitement for your new martial arts studio. One way to do this is to create a social media presence. You want to create both Facebook and Instagram accounts for your gym. Add routine posts of photos and videos.
It's also beneficial to tag your students in the photos and videos, so they appear on the student's page as well. This can help to get your studio name out there. You might also consider a YouTube channel to post videos of important events or tips to position yourself as an expert in your field.
Check on Licensing Requirements
There are many types of martial arts taught around the world. In many cases, there will be a governing body to ensure that the martial art is taught in the correct way and only by a professional who met the requirements.
You need to check with the governing body for your branch of martial arts to learn the requirements for licensing and apply for the license before you actually open your studio. If you don't, you may find yourself in an uncomfortable position.
Assuming that you've already reached the highest level in your branch of martial arts, you should be able to check with your own instructor to get more information about the governing body. They might also be able to help walk you through the licensing process.
At Nexo Fit, we want to partner with you to ensure that your new martial arts studio is a success. We can offer you background checks for employees along with the insurance you need to protect your investment.