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- To: Mr. McGrath
- From: Hamid
- Date: 20/11/14
- Subject: Prepare a realistic initial plan for a business idea suitable for the local area – My Gym (business name)
- 1. RATIONALE
- 1.1 The Vision of my gym?
- • Make up a vision?
- • My gym should have new weights and new machines because new people will come.
- • My gym will have two separate rooms one for the women and one for the men.
- • My gym will have the running machines for people who want to improve their stamina.
- 1.2 What problem will it solve?
- • There are there is only one local gym in area (pure gym)
- • There is obesity issues in the UK
- • There is obesity issues in Birmingham
- • There is high heart disease in the Asian community
- • Cover social trend of more people visiting a gym
- • Pure Gyms are too over crowded
- • I will solve the problems of obesity in UK
- • I will solve the problems of only been one gym in the area.
- • There will be
- 1.3 What customer needs will it fulfil?
- • Quality service
- • Outstanding hygiene.
- • Safe new maintained equipment.
- • New machinery
- • Biometrics and security
- • Induction courses to new machinery
- • More choose of gym for local community
- • Small local gym
- • Separate sections for men and women (this is important within the Asian community)
- • Personal trainer available
- • Extra classes such as
- • Cardio training room with lots of machinery
- • Weight training with lots of machinery
- • Pay online (discount online payment)
- • Long term contracts
- • Pay as you go
- • Short term contracts
- • Subscribe on line
- • Halal products available
- • Id to join and fingerprint (biometrics)
- 1.4 What will make it different from other gyms in the area?
- • Separate sections for gender
- • Pay as you go sessions
- • Pay as you go classes
- • Extra classes
- • Biometrics for security
- • Tanning room (pure gym has not got this service- have to travel to town)
- • Join Weight watchers- weekly meetings
- • Competitions
- • On line videos
- • Social networking – join face book page, review page
- • Personal trainers speak different Asian languages
- • Halal products and nutritional cafe
- 1.5 The concept?
- • Copy and paste vision
- • Make money through pay as you go to use the gym facilities.
- • Make money through long term contracts
- • Make money through short term contracts
- • Make money through weight watchers advice and session
- • Make money through extra classes
- • Make money through personal trainer
- • Make money through tanning room
- • Make money through cardio gym
- • Make money through weight room
- • Make money through sales in nutritional cafe
- • Make money from protein drinks shakes, vitamins and supplements
- 2. SURPORTING EVIDENCE
- Possible customers
- 2.1 Who will go to use your gym?
- 2.2 What type of people? Gender, age, interests
- 2.3 How far will they travel? Where must they live?
- 2.4 Possible routes to the market? Where will it be
- 2.5 You’re Plan to deal with customers?
- • How do I intend to offer different services to competitors?
- • Do I intend to have a different location to pure gym?
- • What pricing will you use?
- • How is my gym better than Pure Gym?
- • What is my Unique selling point (tanning room, separate segments for gender, nutritional cafe, supplement products (PROTEIN) Halal products, Personal trainer and weight watchers)
- 2.6 Ideas for financing (Use page 30-31 to help generate ideas)
- 2.7 Ideas for implementation
- • How will you turn your plan into reality?
- • How you put this plan into practice?
- • How will you manage until your business starts making profit.
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