What degree would I need to own a gym or health club?

[jsjs24]

I have the same intentions one day after other business is running well. The degree won't matter too much, but I am in business mgmt to hopefully impress the banks. Opening a gym is a matter of money, if you can get the money then you're good to go....you just need to know how to operate a business and have extensive knowledge of the business you're running.

[trip]

js,

fyi, 4 out of 5 small business's fail in first five years, 80%

most all of these business's had money, knew their product or service, and had a great skill,

The No. 1 Reason small businees's fail is due to lack of sales.

Owners want to do the work, yet, they hate to sell and promote.

Opening it, is a matter of money, keeping it open is a matter of sales.

Most folks have negative impressions of sales etc., don't know what their doing and shy away from it, and thus they have failed buisness's.

Try to learn about it if you can.

Good Luck

[71olds442]

you can go to any of the gyms websites and check what you need. any of the good ones (golds, worlds etc) require a certain amount of space in your building plus a certain amount of assets. the degree MAY help you get a loan from the bank, but i dont think there is really any specific degree you need. you will definitely need some sort of business plan for them though. also, most franchises make you go to a "college" of their own.. like gold's university for instance. just check out their websites under franchising. it tells you everything

[Harry Tasker]

i talked to a guy who has opened 2 golds and one health club, he opened them but does not own them. He has tried to open his own club but it failed due to partnership disagreements. Anyway, I asked him if banks looked at his degree's (he has 2). He said they could care less about his degree's they never bothered to even ask if he had them.

I think the people I would be worried about is the people I would need to get the money from. I could not possibly take out a loan large enough from the bank for this project, it's the investors who I would be concerned about, they are going to want someone with an education, they want to know their money is safe and making interest. they will not hand over their money to some uneducated dumb ass who would be basically just be gambling with it. U will never see a cent without some type of degree and some experience to go allong with it (from investors, at least. Relatives is a whole different story.

[Harry Tasker]

Originally posted by 71olds442
you can go to any of the gyms websites and check what you need. any of the good ones (golds, worlds etc) require a certain amount of space in your building plus a certain amount of assets. the degree MAY help you get a loan from the bank, but i dont think there is really any specific degree you need. you will definitely need some sort of business plan for them though. also, most franchises make you go to a "college" of their own.. like gold's university for instance. just check out their websites under franchising. it tells you everything

a friend of mine is planning on opening a gold's, I wonder if he is aware of that school, thnx for telling me.

[MYRICK]

BRO U SHOULD REALLY TALK TO NATE HE OWNS HIS OWN GYM UNLESS THESE GUYS OWN A GYM THEY CANT GIVE U INFO ABOUT OPENING UP A GYM ME I OWN MY OWN BUISNESS BUT THAT DOESNT MEAN I KNOW THE FIRST THING ABOUT OPENING UP A GYM. SO SERIOUSLY GO TALK TO NATE

[Harry Tasker]

Originally posted by MYRICK
BRO U SHOULD REALLY TALK TO NATE HE OWNS HIS OWN GYM UNLESS THESE GUYS OWN A GYM THEY CANT GIVE U INFO ABOUT OPENING UP A GYM ME I OWN MY OWN BUISNESS BUT THAT DOESNT MEAN I KNOW THE FIRST THING ABOUT OPENING UP A GYM. SO SERIOUSLY GO TALK TO NATE

k, thnx brother

[MYRICK]

AND TRIP JS ALSO SAID THIS IN THAT POST ABOUT IT BEING A MATTER OF MONEY


you just need to know how to operate a business and have extensive knowledge of the business you're running.

[lxorl]

very good idea. You dont need a degree to start something, just the money. If you already know this is what you want to do, tehn a degree in business sounds like a good building block. You can always hire people run your business but you need to know how to manage them.

FYi, i forget who said it, but to buy into a franchise is a good 200K minimum. plus royalties. But on the flip side most people would choose golds or worlds over joe schmoe's fitness center

Originally posted by trip
Degree in Compassion

Learn to have compassion and understand all the folks mentioned in your signature......THOSE ARE YOUR CLIENTS!!!!

Kind of kidding, yet, it is true.

Great that you have a goal, IMHO, I get out the phone book, get on the phone, and directly ask owners of gyms this question.

What will happen is that 1/3 of calls will not be re-turned, 1/3 will not really want to be bothered, and 1/3 will be inspired to help you, ala, obe wan konobe, ( sp ) . Successful and open businessmen love to share their knowledge to hungry students that are smart ambitious and have compassion.

Let this smart guys guide, they are your best resource.

Good Luck

[NATE]

Monster Muscle, i can tell you whatever you want to know. PM me and i'll break it down for you. just to let you know, i had my own money to get started and float me for years, after 2 years (or 2 tax returns) you can get money just about anywhere.



shoot me a pm bro

[NATE]

well i'm out for the rest of the day, heres some things to think about:


your first and formemost goal should be building your clientel, not buying fancy equiptment.

Make surer to have enough cash and or savings to run your business for at least a year.

Do not use credit as your main source of money, thats how most bite the bullet.

buy your base equiptment outright.

stay away from acruing (sp?) too many monthy bills

be friendly , even if it hurts

Start your club to suit everyone, evolve into what you want.

make sure you have good insurance




this can go on for hours......PM me

[Harry Tasker]

thnx Nate. Latimer99 is going to be opening a Golds so he is going to be asking you some questions as well.

What type of gym do you own, try and compare it to a well known one or franchise gym if you can. thnx

[Harry Tasker]

nate,

check your pm's when u get a chance. I have a few q's for you, thnx!

[NATE]

yeah, i answered them....check your pm's now

[NATE]

Originally posted by Monster Muscle
thnx Nate. Latimer99 is going to be opening a Golds so he is going to be asking you some questions as well.

What type of gym do you own, try and compare it to a well known one or franchise gym if you can. thnx

as far as franchises go, i did'nt want to buy into one (alot more work involved) plus i can always sell mine to one if i wanted to.