Top 5 Must Haves for Opening a RISE Fitness Franchise
To be successful in business whether it’s a franchise or not there are some essential qualities, skills and assets that you should consider before taking the jump. The good news is that usually there are solutions for any gaps you feel you might have.
Passion
It really helps if you are passionate about the product. A fitness business is all about helping people off the couch and into a more active lifestyle. Any kind of boost in activity is good for people’s health and any fitness business is always about making their product or service the most enjoyable route for the prospective member.
That means YOU have to enjoy the product as this will communicate itself to all your members. They also look to you as a role model and a trusted advisor.
A Learning Mindset
The great thing about taking a fitness franchise, especially RISE, is that the product evolution is ongoing. However, that means that you need to be in that ‘always developing’ approach. So you need to keep up to date with other developments in the fitness industry as your members will expect you to know about them and give a comment. This helps cement your reputation as a trusted adviser and that will feed into member recommendations about you and your business.
Understand Your Skills Gap
No one businessperson or entrepreneur has all the skills at their fingertips. The RISE training programme will cover all the essentials including sales and marketing. But don’t be afraid to ask for extra help in the areas you feel you are not so confident. Perhaps do a SWOT (Strengths, Weaknesses, Opportunities, Threats grid) on yourself and be totally honest. You don’t have to show it to anyone but it will help you self-analyse and so prepare yourself to tackle your weaker areas.
Resilience
Hardly any business flows smoothly, there are always bumps in the road. Being in franchise network can help with this but you also need some in-built resources to get you through tough times. That can be from your personal support network, so ask around, you will be surprised how many people will want to help. You could also lean on another external professional to give you good advice, such as a trusted accountant. Or use a mentor, someone who has some business skills that would be willing to meet you regularly and talk about the business; LinkedIn is a good place to look for a mentor.
Money
Well, it had to come! Starting up any business will require a bit of capital, the posh word for cash 😉. All businesses need to build up customers and revenues and although RISE is aimed at getting just 20 members in for your first cohort, that will take 4 -6 weeks to achieve. During that time expenses will be coming in, so you need enough to live on and get through the initial first quarter. The other good thing about RISE is that the initial outlay is low compared to any high street fitness business. This means that any money you have can be used efficiently and get you through that first phase.
There you have it:
Passion
A learning mindset
Understand your skills gap
Resilience
Money
Please talk to us about your next career move, it could be starting your own business with RISE Fitness Franchise.
#franchiseopportunity #5musthaves
Have a read on Franchise Local about this and other RISE articles.
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