When you're thinking of opening a martial arts school or just starting out, it's an exciting time with a long to-do list. You need to create a business plan and as part of that, you need to know how much it's going to cost to run a martial arts school.
When you're considering opening a martial art studio, it's an exciting time. You have big plans and dreams. You want to share your knowledge of and love for martial arts with others. However, there's a lot involved in opening your own martial arts studio.
You need to make a lot of decisions before you can start teaching students. First, you need[...]
So you're considering opening a new martial arts gym? There are many things to consider and decisions to make before you can take the next steps. If you're like almost everyone else who's considering opening a small business, money is an important factor.
You know that you need a large cash reserve to open a new martial arts gym, but how much? This[...]
If you love one of the disciplines of martial arts, you might be considering opening your own martial arts studio. However, before you commit your time and resources, you want to know that a martial arts studio can become a profitable business.
While the business plan for a martial arts studio looks a little different from that of a restaurant, yes,[...]
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.
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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.
Losing clients is a common occurrence for gyms and fitness studios. Research by Preventive Medicine Reports shows that about 50% of new gym members quit within three months after signing up. However, this doesn't make losing a client any easier.
The fitness industry annual revenue in the U.S. is valued at $32 billion. The industry is also demonstrating great growth potential, considering it grew by 37% between 2008 and 2018. This trend is reassuring for gym owners, as well as anyone looking to start new gyms. However, it is not a guarantee that your new gym will be a success. Running a[...]
Opening a gym can be a great investment as many more people commit to losing weight and getting fit every year. There has been an increase in physical health awareness over the past decade, with nearly 50% of U.S. adults trying to lose weight in the last 12 months and, according to the CDC, the most commonly reported method was exercising. Gyms provide[...]