I have always been passionate about health and fitness, so I feel grateful that I was able to form a career and a business around that interest through BalletBeFit.
With an overall market value that’s slightly less than £5 billion, recent reports indicate that the health and fitness industry in the UK is continuing to strengthen. In fact, 1 in every 7 people has a gym membership. There has never been a better time to engage your inner fitpreneur!
Beginning a business in any industry is never easy, and the health and fitness industry is no exception. Luckily, there are a plethora of online resources and helpful experts who are willing to share their knowledge.
Starting your Journey as a Fitpreneur
Before you begin your journey into the fitness industry, you’ll want to identify your specific market segment. What product or service do you want to offer? Who will be your target audience? Will you start from scratch or invest in an established franchise? There are so many options available that you can pick your specific niche based on need and your own personal interests.
No matter what option you choose, you’re not in it alone. You could choose a dependable business partner or a talented team to help you, or just seek emotional support from friends and family. You should ensure that anyone involved in your business is qualified for their job and knowledgeable/trained in the industry.
You’ll also want to consider your budget before making any big decisions. If you’ll be renting a studio, hiring staff, advertising or making any other major financial commitments, you should be sure that you have a sustainable business model to ensure the profitability and financial security of your business. Whether you save up or enlist the help of investors, any good business idea needs funds to back it up.
Above all, take your time. When you’re excited about starting your business, you’ll want to pull out all the stops and jump right in. It’s important to remember that good things take time. Patience is an often overlooked virtue of entrepreneurs, but it’s necessary. Results don’t happen overnight, and rushing into things too soon could cost you your business.
Breaking into the health and fitness industry is hard work, but it is such a rewarding feeling. Because of the nature of fitness, your business ideas can be as flexible as your mind will allow. Instead of investing in a studio or gym, you could even conduct business online or in the great outdoors.