Trainer » personal training business http://www.trainer.ae/articles Mon, 05 Jun 2023 14:10:31 +0000 en-GB hourly 1 https://wordpress.org/?v=4.2.39 Borrowing Money to Start Up a Business http://www.trainer.ae/articles/borrowing-money-to-start-up-a-business-592 http://www.trainer.ae/articles/borrowing-money-to-start-up-a-business-592#comments Tue, 09 Jun 2015 10:44:07 +0000 http://www.trainer.ae/articles/?p=592 read more »]]>

Take your money

Starting and running your own business can be financially and personally rewarding. You don’t have to take orders from anyone, or deal with rush-hour traffic and politics in the office. You’re going to need to know how much you need and how you’re going to use it to get your business off the ground.

1. Borrow money from your bank to start your business.

If you have excellent credit history, you can easily borrow start-up capital from your bank. You will, however, need to present your bank with a business plan as well as collateral such as real estate property as a way to pay them back just in case your new business doesn’t succeed.

2. Borrow start-up capital from the Small Business Administration.

The SBA offers many free loan programs regardless of your credit history. The application process is hassle-free, fast and easy.

3. Borrow money with one or more of your credit cards to start your business.

You can use your cards to instantly pay for things such as leasing an office, buying supplies and paying for legal fees. Make sure to use cards that have extended grace periods so you can have more time to pay your balances without accruing any finance charges.

4. Calling all Friends and Family

Get start-up capital for you business by borrowing money from your friends and family. Tell them about your business plan and offer to pay them back with interest. Of offer to give them an equity stake. Paying interest to family and friends is often much cheaper than paying interest fees from a financial institution.

]]> http://www.trainer.ae/articles/borrowing-money-to-start-up-a-business-592/feed 0 Guide Into Starting Up Your Own Personal Training Business http://www.trainer.ae/articles/guide-into-starting-up-your-own-personal-training-business-559 http://www.trainer.ae/articles/guide-into-starting-up-your-own-personal-training-business-559#comments Tue, 09 Jun 2015 10:30:03 +0000 http://www.trainer.ae/articles/?p=559 read more »]]>

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Personal training may seem like a glamorous profession, but in the end it’s based on two types of hard work:

  • The actual sweat you and your clients put in at the gym,
  • The behind-the-scenes work it takes to start a personal training business.

Step 1

Pursue a personal training certification from either a reputable, accredited local university or a nationally recognized program accredited through the National Commission for Certifying Agencies. Expect to dedicate at least six months, to a program of study.

Step 2

Register your business name through your state government. If you’re operating as a sole proprietorship, you can use your own social security number, or Employer Identification Number. If you hire employees, obtaining an EIN is obligatory.

Step 3

Register your business name with your State Revenue Agency. Note that tax and registration requirements vary from state to state. Next, obtain a business license. Although no licensing regulations exist for personal trainers, you still need a business license to legally operate as an independent business.

Step 4

Purchase liability insurance. Often, the organization that certified you may offer good prices on liability certification for personal trainers. If you train out of an established gym, they may offer some liability coverage, especially if you work as an employee. Check your contract terms carefully. Carrying your own liability insurance is a good idea, even if the gym insures you, because the gym’s insurance won’t cover you during your work outside the gym. If you decide to open your own personal training studio, you’ll need to insure the premises and equipment as well.

Step 5

Approach a gym about working as a personal trainer. Starting at a gym gives you access to plentiful equipment and a wide potential client base. You might be allowed to promote yourself by teaching seminars or making yourself available on the floor to answer questions. If you work independently of a gym in your own studio or clients’ homes, you will have to be more creative about your marketing strategies. Word of mouth promotion is one of your best tools, but before you can have satisfied clients you have to have clients, period.

Things to Consider

  • Pay careful attention to the training materials that dictate the scope of your practice. Your liability insurance typically won’t cover you if you step beyond that scope.

Tips to Remember

  • If you intend to work with specialized populations, such as pregnant women, morbidly obese individuals or elderly clients, you might need additional training beyond your personal trainer certification. Consult with your instructors, university or certifying body to determine whether additional training is necessary.
  • Most new personal trainers won’t have the budget for expensive television commercials. You can drum up clients by offering your services as a public speaker on fitness-related topics, distributing business cards and flyers on bulletin boards, connecting with fitness-minded social networks in your area, or contacting businesses about establishing or supporting a corporate wellness program.
  • If you decide to work out of clients’ homes, you can reasonably expect them to provide some fitness equipment for example, either a cardio machine or a willingness to do laps around the block to warm up. But you might have to invest in some basic items of equipment including a high-quality fabric measuring tape, skinfold calipers and small weights.
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