Fitness gurus with entrepreneurial aspirations strive to start their own fitness-related businesses. One of the best options for these entrepreneurs is to start in home personal training businesses. Unlike other types of fitness business ideas, in-home personal training companies require minimal startup financing. However, they still offer entrepreneurs like you plenty of opportunities to earn profits. To take advantage of this promising idea, keep reading to learn how to start your own in home personal training business.
Obtain The Necessary Certifications
To begin, obtain the certifications you need to meet legal requirements. The first certification you need to earn is your CPR certification. You can obtain this requirement by attending a CPR course and undergoing a verbal and live skills test. Consider learning about CPR history to prepare yourself further. Once you are CPR certified, you can sign up to take the Personal Trainer Certification Exam. This is yet a major requirement for starting and operating an in home personal training business legally. To prepare for this exam, attend study groups and/or enroll in courses. Once you earn both of these certificates, you can start your own in home personal training business legally.
Choose A Fitness Niche
After you earn your certifications, choose a fitness niche to target. Popular options include Pilates, yoga and weight lifting. However, there are plenty of other fitness niches that entrepreneurs take advantage of. You can focus your startup on bodybuilding or cross fit as well. Consider the popular trends when selecting a niche. You need to choose a type of fitness with a customer base attached to the name. That way, you can build your own client base quickly during the startup process. This is a crucial step to starting an in home personal training business.
Choose A Business Structure
Additionally, compare the pros and cons of various business structure types. This is a crucial step for any entrepreneur to take. The business structure that you choose for your entity directly impacts your tax implications. Each business entity structure also differs in requirements. Popular options to consider include sole proprietorship, partnership and limited liability company (LLC). However, some entrepreneurs also register their in home personal training companies as corporations and S corporations. Choose the type of business structure that works best for you to launch a successful in home personal training company.
Purchase Gym Equipment
In order to start an in home personal training business, you also need to purchase gym equipment. While this in-home business idea does require less funding than many other startups, you still need to acquire capital for equipment. This step will vary depending on the fitness niche you chose for your startup. If you plan on starting an in home personal training business for yogis, you will not need too much equipment. Purchase quality yoga mats and blocks to start. In contrast, entrepreneurs starting weight lifting businesses from home need to buy expensive machines. Determine the pieces of equipment you need and purchase what you can while staying in budget. Then, you can launch a personal training business successfully.
Get Liability Insurance
Finally, get liability insurance before your opening day. Even though you do not own an office or fitness facility for multiple clients to attend every day, you are still responsible for their safety. If one of your clients gets injured during a lesson with you, you could be held accountable. In order to prevent costly lawsuits, get business insurance. Contact your insurance provider to find out more about the coverage you need to run your in home fitness business safely. Once you have liability insurance, you can start your new company.
Starting a successful in home personal training business is no easy feat. Before you can begin the process, you need to obtain your CPR certification and your personal trainer certification. Afterward, choose a popular fitness niche with a large client base. Choose the business structure that will benefit you most. Next, purchase the gym equipment you need for the niche you previously selected. Once you complete these steps, contact your insurance provider to get coverage for your startup. Follow this advice to start your own in home personal training business successfully.