“If you’re starting something on your own, you better have a passion for it, because this is hard work.”
-Sallie Krawcheck, Co-founder of Ellevest
Today, youth has found a common passion which enlightens their fitness level. Let it be sports, athletics or gymnasiums, today’s youth want to compete and grow their fitness.
On the other end, today’s youth also want to work hard and earn more. There is a major rise in the youth who want to become an entrepreneur. Also they are not afraid to take risks and want to push their limits.
Fitness industry is continuously growing and it shares a huge percentage share in growing India’s economy.
If you have a passion to become an entrepreneur and a fitness enthusiast, we are here for you to give reasons why you should Make your gym or own one!
1. Negligible reason to fail.
There are many people who want to join gym or are already going to gym. The society today wants to become fit and become health conscious. The reason is competition between the individuals these days, let it be growing muscles or getting abs or improving your health regime. Obesity being a serious issue in the world and if you give a reason to them of dealing their health issues, you are definitely going to make money and change the society positively. This is not the only reason you should make your gym.
2. Start-up cost can be low.
This totally depends on the kind of gym you want to start. But starting, managing and running for everything can make your gym sound quite inexpensive. The things that you require to start the gym and the process is quite inexpensive apart from setting up the interior and a space you have. Initially, it doesn’t cost more if you have clear ideas in your mind. Gradually with time and budget increasing, you can expand your gym with better gym equipment and reconstructing interiors.
3. Better work life balance.
You can spend time with your family. Being in a gym business, it is not mandatory for an owner to remain in the gym all the time. What you require is just a good manager who can manage in your absence and take good care of the smooth operations. You just require to train that manager and explain him the things that you require every day.
4. Plenty sources of revenue generation.
Revenue generation in a gym is not just the membership fees, but there are various other sources from where you can generate revenue. These days’ gyms sell products such as branded gym apparels, accessories, supplements, etc. and this helps generating revenue for you. This will not only increase revenue but also make you popular through marketing. Here, marketing will be through word of mouth and even the companies would mention the availability of their products. So to make your gym is a bit struggle but revenue generation is a bit easy.
5. Relationship building.
The networking you have in a gym is much more than any other medium. If the person is satisfied with your services and he is getting good value for money, he will probably tell others to join the gym. You will get to know many who’s who of the city and your contacts will be upto the mark. This will not only make your gym popular amongst others but also make your connections with more and more people.
Thus, the points mentioned above clearly states that the fitness sector is a booming sector and starting up your own gym will result in more and more coverage of your contacts, reach and revenue.
There are various companies that help you make your gym under the budget that you have assigned. These companies not only set up the gym but also does hire managers, trainers and sales in-charge managers that too in an affordable rate. So for initial years, these companies can be a great help in making your dream gym to be a planned gym. As far as entrepreneurship is concerned, taking a step in fitness industry will serve you great results in order to be a successful businessman at the end. You may face a loss for some months but in future if you manage and maintain the right spirit, success will come dodging every obstacle to you and indeed treat you with the best revenues and make you a better professional. Remember, everything is an experience, you should learn everything from everyone but you should make sure that you won’t repeat the mistakes again and again.
So make a gym and become a successful entrepreneur!