Let's Get Physical
Have you decided to open a gym? In today's market people are now obsessed with boutique fitness...Crossfit, Spinning, Zumba, Pilates, Yoga, HIIT, Weightlifting, etc. are the classes of the future. We are always busy, go here, take the kids there, make dinner, go to work, laundry, on and on and on. And now people have to fit in time for fitness, so they are looking for something they love and can get to quickly and see results. So of course the market is ripe for people who want to open boutique fitness studios, boxes, and gyms. You have the experience, training, and credentials. You have found the money and you know just how you will take the fitness industry by storm.
But have you thought about how you will run the business? I'm not talking about the workouts, the weights or the clients. I mean, will you be a corporation, an LLC, a DBA(never a good idea); what will your lease terms include; do you have a contract for your clients; waiver of liability signed by your clients; releases of information by clients for reviews, photos and progress photos in marketing; insurance for liability and equipment; are you hiring trainers and staff to help you run your programs, etc. These are the questions you should be asking yourself and the things you really need to focus on before you open your doors to the public.
Opening a business is stressful which has been discussed in previous blogs on this site. Opening a fitness business is even more stressful because by it's nature you are placing your client in risk of harm by asking them to lift weights, engaged in cardio/aerobic activity, and generally move beyond their comfort zone to push their bodies to fitness. You want to make sure you have every element of your business set up in a way that provides you the most protection from liability. You need someone in your corner who can help you, a coach/trainer in the law and business who can help you become the strongest business owner you can be. Schedule a consultation with Ingram Law Firm today.