The cubicle life of corporate America finally hit you where it hurts: your soul.
The money and benefits are adequate and you’re good at the job, but your mind is not engaged in this routine anymore. You want out and you are ready to move on to a job you love so much you’d work seven days a week and never consider it work.
Considering your lifestyle, hobbies, and habits, you focus on the one thing you do almost every day: exercise. No one pays you for it; in fact, you spend a lot of money on gear, competitions and related travel. Why not make your exercise your next employment option?
Before you turn in your notice and clean out your desk, here are eight tips to consider:
Research the costs of leaving:
Can you survive without a steady paycheck for weeks or months and still pay your bills? This is the time to review your budget and savings plans. Can you trim spending and increase savings, look at upcoming expenses and decide what can wait and what payments are mandatory? Before you leave the corporate world, practice “lean living” for a few months and test your ability to do without your accustomed lifestyle.
Research the cost of investing in a new venture:
Franchise and start-up costs, licensing, inspection fees, rent, utilities, staff salaries and benefits and building improvements are some of the financial considerations for a new business. Do you have the funding in place? Can you borrow money from family or friends? And if you plan to apply for a business loan, are you credit-worthy?
You can invest with all the dollars, desire and drive you possess, and experience failure with a miscalculation in location. Take the time to study the people and the place before you build your business.
Consider the personal investment in business:
The picture of the business owner as someone with freedom and flexibility is just that: a picture, and it’s drawn from fantasy. At the start, your life has no structured hours. You are “on call” all the time to solve everything from enraged employees to problematic plumbing. The biggest investment you make besides money is your personal time.
Don’t touch your retirement savings:
Do not use your retirement money for the business. Someday, you will possibly need that money to do something else with the fitness business. Keep that money sacred and continue adding to it.
Do something about your health care options:
You don’t have the fallback of medical coverage from your old job unless you opt for COBRA coverage. The Affordable Care Act is still the law and less expensive than COBRA, so check the available options. Also, check with your local chamber of commerce; some do offer a basic medical coverage plan to members. Choose a plan and maintain coverage; as a business owner, you cannot afford to get sick without it.
Learn your business’ basics:
When it comes to taxes, hiring practices, accounting, licenses, inspections, trends, and technology, invest in and listen to experts, but maintain a basic understanding of all aspects of your fitness business. It helps you spot and stop small problems before they become unmanageable and sink your shop.
Talk with the business professionals:
It’s hard work doing all the work yourself. Schedule time for yourself. Contact 3 Elements Lifestyle to start your own fitness business and schedule your own exercise and nutrition program for a sane and happy life. Their guidance on everything from marketing and sales to licensing and leadership gets you on the entrepreneur’s path while providing a fit and healthy lifestyle.
David Michael Gilbertson is the founder and president of 3 Elements Lifestyle, LLC., a Fitness and Weight Loss company that specializes in YOU!. With more than 15 years of experience owning, operating and managing clubs of all sizes, David lectures, delivers seminars and gives workshops on the practical skills required to successfully help you with your health and fitness goals. David also helps you build the teamwork, management, and training necessary to open your own fitness center. For more information on Licensing and Consulting Services Visit his Web site at www.3elementslifestyle.com or email at firstname.lastname@example.org or call 805.499.3030