[quote]steelwheels wrote:
A couple of points that, I think, need considering.
How much competition is in the immediate area and what facilities do they offer, prices, equipment?
What is the culture of the local people ie city slickers, manual workers etc.? Whilst many at T-Nation may want to use sandbags, kegs etc., are they likely to attract people to the facility. Unfortunately, people DO like using the smith machine!
Are you planning on holding back some of your budget to cover, what may be a slow start to the business? Sometimes, people (not necessarily you, just people in general) just jump in to things both feet first without covering all angles and looking at all possible problems.
If people can only train outside for 5 months of the year the cv equipment looks a bit sparce. A couple of secondhand concept II rowers could probably be bought fairly cheaply.
I’d also look at buying all your equipment as reconditioned as opposed to new. You usually can’t tell the difference. Is there also enough equipment for team drill/workouts etc.?
I do think not charging membership fees is a mistake. Not everyone will want to pay for one of your programmes, want to be part of a camp or be an athete. By broadening who you cater for you’ll maximise your potential revenue.
Also, to bring some revenue in quickly you could offer lifetime membership for the first 15-20 takers, for say $1000. This would ease some of the financial burden straight away and you’d probably be less stressed!
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Good Points,
I am buying as much as i can second hand, so I agree with you on that one.
I have held back some money, and I can afford to pay the lease out of pocket so I am not too worried about going under. My goal is to create enough revenue (1000 dollars per month) to pay the lease and allow me to double in size for the following year.
Considering that there is a lack of space, I do not want to sell memberships to non-athletes in case it gets conjested and I lose the clients that I am trying to attract.
Athletes will be allowed to purchase a “membership” to the club, but only after they have completed one of my programs.
Right now my primary goal is to build better athletes to create a “buzz” about what I am doing and create a loyal client base that I can expand on next year.
You are right about the cardio equipment, maybe I will purchase 6 bikes and a treadmill to start.
Thanks for your input,
Jackson