By Justin Price, MA
Accounting and Hiring Practices
How to set up your books, choose an ownership structure and select staff for your new facility. a daily, weekly or monthly basis. You can create summaries by setting up ledgers (records in which accounts are recorded) and posting information to them. A completed ledger is really nothing more than a summary of revenues, expenditures ...
No matter how long you have been in business or how many certificates you hold, chances are that someday you will be faced with a lawsuit. Liability insurance is a means of protecting yourself
in that event. There are two types of liability insurance: general liability and professional liability. Both types are designed to protect you from financial losses due to negligence.
The Management School of Hard Knocks
MANAGING THE ALPHA EGO.
lpha-ego" personal fitness trainers (PFTs) present fitness managers with quite a dilemma. The very things that make alpha trainers stand out and excel are also the things that can make them challenging to manage. Alpha trainers have an inner monolog that pushes them to lead the pack. The fact is, if you're like most ma...
Personal fitness trainers (PFTs) draw from a distinct body of scientific knowledge to create appropriate and individualized cardiorespiratory exercise programs for clients. A great amount of research has been done on heart rate zone training, optimal frequency and time of exercise, exercise progression, and the effects of these factors on caloric expenditure during exercise.
By Mitchell Freedman, CPA/PFS
Keeping accurate tax records can help you save money on your fitness business.
I recommend that you claim all ordinary and necessary business deductions to which you are entitled. Here are some potential business deductions that perhaps you haven't thought about.
Do you tell clients that it takes discipline to become physically fit and then retain th...
Training for Growth
By Sherri McMillan, MSc, and Alex McMillan
Diversifying Your Revenue Streams
When business is flowing in from several different channels, your profit pool never dries up. Are you searching for ways to ensure the stability of your personal training business? Our 5,000-square-foot personal training studio in Vancouver, Washington, generates more than $600,000 per year in revenue...
Now it’s possible to get a college degree as a personal fitness trainer. Starting in the 2005 fall semester, Purdue University in West LaFayette, Indiana, will offer undergraduates a concentration in this area.
The personal fitness trainer specialization will include a course on personal training education. Students will also participate in eight different 6-week rotations in com...