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Laying the Groundwork for Small Business | |
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Introduction | |
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Why Start a Business? | |
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A Brief History of Small Business in the United States | |
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What Is a Small Business? | |
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The History of Personal Training | |
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Individuals and Small Business Start-Ups | |
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Evaluating Your Entrepreneurial Orientation | |
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Triggers for Starting a Business | |
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Supports | |
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Specialization | |
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Personal Training as a Business | |
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Business Idea Generation and Initial Evaluation | |
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Generating Business Ideas | |
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Opportunity Identification | |
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Choosing a Business | |
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Due Diligence On the Business Idea | |
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Thinking Competitively | |
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Redefining Your Industry | |
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Defining Your Customers | |
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Developing the Information for the External Analysis of Competitors | |
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Developing a Competitive Map | |
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Additional Issues for External Analysis | |
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Competitive Advantage | |
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Business Mission and Strategy | |
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Mission Statements | |
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Sustainable Competitive Advantage | |
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Develop a List of Your Business's Assets and Capabilities | |
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Split the List into Standard and Extraordinary | |
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Assets | |
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Evaluate Competitiveness of Extraordinary Resources/Capabilities | |
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Strategy | |
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Your Financial Fitness | |
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Understanding Cash Flow | |
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Developing Cash Flow Statements | |
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Other Financial Tools | |
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Establishing the Business | |
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The Legalities of Your Personal Training Business | |
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Forms of Business | |
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Independent Contractor Status | |
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Contracts | |
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Leases | |
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Regulations | |
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The Standard of Care and Scope of Practice | |
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Insurance | |
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The Legal System and Fitness Facility and Personal Training Businesses | |
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Establishing Operations | |
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Location | |
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Financing Considerations | |
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Legitimacy | |
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Quality | |
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Technology | |
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Equipment | |
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Facility and Equipment Layout | |
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User Space and Safety | |
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Timing | |
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Time Management | |
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Financing and Accounting | |
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Financial Foundation | |
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Identification of Key Issues | |
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Funding | |
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Accounting | |
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Taxes | |
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Building the Business | |
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Human Resource Management | |
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What Is Human Resources? | |
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Hiring Employees | |
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Retaining Employees | |
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Probation and Firing | |
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Family Business | |
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Marketing | |
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Marketing Plan | |
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Pricing | |
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Promotion | |
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Communication in Marketing | |
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Retaining Clients | |
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Sales Management | |
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Other Issues | |
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The Future of Your Fitness Business | |
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Exit/Harvest | |
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Steps in Selling a Business | |
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Turnaround | |
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Closing the Business | |
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Franchising and Purchasing an Existing Business | |
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Basics of Franchising | |
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Buying a Franchise | |
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Buying an Existing Business | |