I am transitioning into gym ownership and in the process of getting NASM certification as well as crossfit certification. Any advice as to strategy, venders, etc would be appreciated. I want to ensure having sufficient member numbers within 2 months of opening to cover both the costs of the gym and my salary. I will not have any employees.
You really need to have an answer for every question that Karin posed above. I don’t want to be a buzz kill here – but not too many businesses are profitable from the jump. You want your expenses and your salary covered within 2 months of opening? Without employees? That’s asking a lot Janice. Personally, I wouldn’t do it if I were you until I had everything in place. What’s the rush? I certainly admire your entrepreneurial fire, but your basically diving into a pool that you’re not sure has water in it. Unless you have real deep pockets, something like this could bury you financially for a long time. Take your time & do it right – you’ll get there. Good luck!