Network Magazine Spring 2020 | Page 12

Low membership costs While I did not want to de-value the amazing service we were providing for our members, I knew we still had to compete with the large fitness centres. These offer many more services, including treadmills, weight machines, showers and cafes. We had to ensure that if people attended two to three classes per week, the cost for them would be less than, or similar to, the cost of a standard gym membership. Money in the bank I restructured the cost per class to allow a percentage to remain in the bank. This allows the business to have a kitty which can pay for promotions, equipment, and other overheads. Instructor requirements While I have been responsible for the establishment of the business, and the way it operates, each instructor has input and works as part of the team. However, they are required to have their own insurance, maintain all their records such as member clearance forms, promotion of their classes and communication with members. Instructor payment THE QUICK READ • Loss of teaching opportunities through previous employers need not necessarily result in the end of your group fitness career • If the demand exists and you have a following of regular participants, the skills to teach a range of classes and a passion for group fitness, you may be well placed to start your own business • Either on your own, or with fellow instructors, establish a timetable that meets the needs of your loyal participants • To keep overheads low, try to rent local venues, such as church and community halls, by the hour so you only pay for the time you are delivering classes • Going it alone is not for everybody, but if a market exists and you follow strategies to keep costs low, you can create a viable group fitness business. Each fortnight, each instructor invoices the business for the classes taught. Payment is per-head. This means each instructor is responsible for building the numbers in their classes. The decision about what they teach and when is entirely theirs. If only a few people attend, they only get paid for those people. If they want to do well and profit from their hard work, they need to promote and encourage people to attend. Promotion I set up social media pages for the business and created a new web site, which was much easier than I imagined it would be. I registered the business and purchased a domain. Booking system I established a booking system for classes. This helped us manage class limit requirements imposed by COVID regulations and created a sense of demand for the classes. Cashless payments I set up a Square account, which enables us to easily take credit card payments. When classes resumed in May, we were ready. We re-opened with a new sense of confidence. Don’t get me wrong, things are not always perfect. We have classes where only five people turn up and we barely cover our rent, and members complain about the facilities, or get confused about how bookings are made, but generally I feel we have now established a business which is here to stay. I’m still looking for our ‘forever home’, a place where we can really put down our roots, but we are secure where we are, and with low overheads we can really focus on building numbers. Is going it alone for you? Would starting your own group fitness business be a possibility for you? Ask yourself these questions: • Do I have the skills to deliver classes that are not offered at other facilities in my area? • Do I have a loyal following of participants that will attend my classes rather than go elsewhere? • Do I have the skills to teach programs that don’t require license fees? • Are there venues locally that could accommodate the number of people I hope to have in each class? • Do I have loyal and trustworthy peers who could join me? • Do I have an overriding passion for fitness and do it for love, not just money? If you answered yes to these questions, and you are in the difficult position of being out of work or unhappy at your gym, then setting up your own group fitness business could be an option for you. Hot tips for budding entrepreneurs While it’s still early days for my venture and I continue to learn every day, I do have a few big tips to give anybody looking to start their own business: • Don’t be greedy. People are more likely to put their trust in someone who is not overcharging or comes across as greedy. • Keep your overheads low. Starting a business is risky. Lower the risk by keeping spending to a minimum. • Be flexible. Give the people what they want, when they want it. This might mean making regular changes to accommodate the needs of the majority. • Think and then think more. Make well considered decisions based on research, experience and input from your members. • Get financial advice. Run your ideas past an accountant or financial advisor. Make sure you are above board with your tax, super and other legal requirements. • Don’t go it completely alone. You may be striking out on your own, but in terms of decision making, two or three heads are better than one. If possible, use the support, advice and skills of people you trust to help you along the way. If you think this is an option for you, do it for the love. Have fun and be creative and you could reap the rewards of your hard work and passion. There’s little more rewarding than experiencing the pride that comes with knowing you have used your skills and initiative to create something amazing on your own terms. Kirsty Nield Starting her career as a fitness professional in 1999, Kirsty has established herself as one of Australia's leading group fitness instructors and educators. Her passion for group fitness has driven her to start her own fitness studio, produce online courses, write journal articles and present at national and international fitness conventions. Kirsty's experience in group fitness management and instructor mentoring has allowed her to ensure instructors are continually up skilling, and the art of freestyle fitness stays on club timetables. 12 | NETWORK SPRING 2020