Number 10 on our list is to set up an in-house office system for recordkeeping and accounting. Many new business owners tend to put this on the back burner or contract it out to “someone who likes math,” and it can soon become cancerous. Improper record keeping or accounting can become a business owner’s worst nightmare, so attention to detail is extremely important.
Obtaining a building, space and equipment is number 9 on our list. An inefficient design of your facility can greatly affect your bottom line. A lot of businesses go too big too fast. Getting the most amount of kids in the least amount of space is how businesses become profitable. Every square inch of your more »
Number eight on our “Starting a Gym 101” list: Decide on any financing you will need and how you will get it. In other words…show me the money!
For startup businesses, this can be one of the biggest obstacles in getting off the ground. Funding is a challenge for almost every small business, and this especially includes cheer/gymnastics facilities. The space and ceiling height requirements for a gym make the start-up cost even more than a regular new business.
Number seven on our list is pricing your services! Pricing your service (tuition) is extremely important. “How much is it?” is usually the first question a customer will ask and—while you don’t want them to gasp for air at your answer—you want to be profitable and competitive with your market. Your tuition cannot out-price your more »
Step three on the Starting a Business Checklist = writing a business plan. This is another crucial element that many current business owners still do not have. This is like going on a vacation without an itinerary or any idea of what you are going to do. You need a clear picture of what is more »
Last month we provided a list for new business owners to follow in order to start up a new business successfully. We elaborated on the first step: picking a business name and registering it with your county (DBA – Doing Business As); this month, we will delve into checklist item number two: deciding on the legal more »
After seeing the popularity of Gym Kix’ Stephanie Beveridge and Carrie Harris’ Q&A on starting your own gym, we’ve decided to tap their expertise even further! This post marks the first of a series on starting your own gym—from two veteran cheer professionals who’ve been there, done that.
Much like a double full or a scorpion, happiness is a learned skill—and good things come to those who practice. If you’re looking to lead a happier life, it’s crucial to learn the right skills and put them into practice. So how do you get from point A to point Be-happy? Here are a few clues.
Question: I am in a market where there is not a gym or all-star program and have almost 20 years of cheer experience but would love some help with getting a gym opened! Do you have any advice for a budding gym owner on how to get started? – Ali