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You can become a
Fitness/Wellness Business Owner by running your own boutique
gym, private studio or personal fitness facility here in Singapore.
You will then be THE BOSS, and will
be overall-in-charge of ALL aspects of the business: from the layout
of the facility, to the choice of equipment, to the hiring of your
staff, to the day-to-day running of the facility.
Ultimately, YOU and you alone, are
answerable for the success or failure of the venture.
Pros Of Being A Fitness/Wellness
Business Owner
1. Unlimited Income Potential
2. Full Control Over Your Work
Environment
3. Potential To
Brand Your Company Nationally And Internationally
4. Business Tax Reliefs
Cons Of Being A
Fitness/Wellness Business Owner
1. HUGE Start-Up Costs
- Large sums of capital are usually required upfront; from the
purchase of fitness equipment, to the rental of shop space, to the
renovation/furnishing of your facility. All these require an initial
outlay of at least tens of thousands - if not - hundreds of thousands
of dollars.
2. HIGH Recurring Expenses
- Large sums of capital are again
required to keep your business going: from paying your monthly rent
for the shop space, to payment for electrical/water bills, to payment
of your staff salaries, to maintenance costs for your facility and
its equipment etc
etc.
3. HUGE Logistics & Administrative Work
Involved
- A large amount of preparatory, initial and
regular paper work, legal documents and official liaisons are required
to start, operate and maintain a fitness facility here in Singapore.
4. Stiff COMPETITION From Established
International Fitness Chains
- You know who these are - the MEGA gyms
and MEGA health clubs all over Singapore who have no qualms pumping
hundreds of thousands of dollars into advertising each month so as to attract
more and more customers to themselves. Their presence
have led to the premature closure of a
number of small-scale boutique gyms and studios in Singapore over the years.
5.
HIGHLY Subject To Business And Economic
Fluctuations
- When you own a business
facility, due to your high capital cost and initial outlay, you are extremely
vulnerable to economic shocks and changes in the business cycle. Any
sudden, unexpected news could ruin your business for good. These could
range from a sudden increase in your shop's rental fees, to sudden reductions in
human traffic at your shop's location (due to external factors like
mall renovations, road construction work etc), and even to a sudden downturn in the
country's economy.
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choose ONE of the
following options:
Part 1: Introduction To
Fitness Jobs And Careers In Singapore
Part 2: A Career As A Singapore
Fitness/Wellness Employee
Part 3: A Career As A Singapore
Fitness/Wellness Business Owner
Part 4: A Career As A Singapore
Private, Independent Fitness/Wellness Trainer
Part 5: A Career As A Singapore
Private Home/Mobile Fitness Service Provider
Part 6: Conclusion To The Singapore
Fitness/Wellness Jobs And Careers Series
Read Up Also On
Fitness/Wellness Certification Options In Singapore
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