According to a 2018 Global Health and Fitness Association article, 81% of fitness studios close within the first year.
Common mistakes made by first-time studio owners include:
- Not having a business strategy or vision
- Lack of financial management
- Not conducting marketin research
As the wellness industry and fitness businesses are redefining themselves in the new norm, fitness teachers and wellness coaches have to shift to see themselves as entrepreneurs. According to McKinsey and Company, the global wellness market is estimated to be more than $1.5 trillion, with annual growth of 5% to 10%.. Now is the best time to dive into a wellness business with a strong foundation. And the strong foundation is your holistic wellness business plan.
During this webinar, we’ll be reviewing how to develop a business plan specifically for your business, be it studio, online, private or corporate wellness-focused. It’ll also go over how to integrate other elements of wellness offerings to position yourself as a holistic wellness provider.
This session will be led by Marion M. Chamberlain who not only is a seasoned business strategist, but also 200+ hour RYT.
Please Note: We are also accepting registrations on our website (wcecnj.org/wbc) so registration is limited here.