Beginning Your Business In Fitness

Opening your own small business can be a challenge, but there is great personal fulfillment in handling client needs and running your own business. If you are either in the fitness field, operating your own studio or as a personal trainer, you will need to consider fitness insurance companies for liability coverage. By ensuring that you have covered the various bases the office work (such as insurance, tax paperwork, and client contracts) you will leave yourself time for the part of the business that you love the most–teaching your customers about fitness and health for the better care of their bodies.


Covering the office portion of any business seems tough, but in fitness, the insurance may seem a bit more specialized. That is because it is a specialized industry and not everyone can insure you for your work in this field. Before you open for business, sit down with potential insurance agents (personally connect with at least three different ones to understand the market and pricing) and discuss how they can help you with coverage. Your needs are different if you are running a fitness club from the needs of someone who is operating as a freelance personal trainer. Knowing what your needs are and being very clear about your job will help your insurance agent identify the best coverage for you.

Once insurance coverage is in place, know how you will complete tax paperwork. Business tax keeping can be rather simple if you have basic tax knowledge, but mistakes could be costly. You should understand which records to keep and what business expenses you are allowed to claim. If you start good record keeping habits from the beginning, it will become automatic and not a stressful activity of ownership. If you are very stressed about tax time, hiring an accountant might be the option for you. As with insurance agents, speak to more than one accountant before you decide. It helps you get better prices.

Other paperwork in your office includes client contracts. Keep these agreements filed separately from business expenses. Contracts proof of income and they clearly describe what services you provide. Having the signature that proves they have read this information keeps ill will to a minimum, and when someone demands more of your time or service than you can give within their price range, you can gently remind them that certain items are not included in the contract and will cost extra.

By putting the paperwork in its place before you open for business, you leave yourself free to do the fitness aspect that you love. Your clients will be happier because they have an instructor who is not half minded teaching them to care for their bodies while worrying over whether the fitness insurance companies are charging too much for liability coverage.

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