Gymnastics Jump-Start will serve children in the Detroit Metropolitan area. We will help them become more disciplined and focussed, and improve their overall wellbeing. Gymnastics Jump-Start focuses primarily on gymnastics but also offers classes in dance and total body conditioning. This gym will offer Olympic gymnastic equipment both for boys and girls.
Every student starts with the basic elements of gymnastics. We then move on to total body conditioning and harder tricks. We are able to teach in a creative way that is both repetitive and varied. This sets us apart from other competitors. To learn well, a child should have fun and enjoy learning. Our teachers will be trained in more unique methods of teaching that produce the same, if not better, physical effect on the children, but provide a better mental effect. As a safety precaution, parents will not be allowed to enter the gymnasium.
Gymnastics Jump-Start will be making a profit within the first year of business. After the first year, we expect to have a regular clientele. We will increase the number of students in our classes by adding teachers. We will train and hire new teachers if growing classes means we have to. We have strong relationships with our customers as current instructors at other gyms in gymnastics and we will do everything we can to keep them coming back. Although our class prices will be less than those of our competitors, our business will still make a great profit.
Wanda Bounce was a competitive gymnast, as was Bea flip. Since we have been in both public and private gyms, we are familiar with how they operate. Our combined 25-years of experience as coaches in gymnastics ensures that we know what our customers are looking for. We understand that children learn best from the mistakes made by our teachers while competing in gymnastics. We know that sometimes it is necessary to put the book aside and try to achieve your goal. There is definitely a demand for private gyms within Oakland County. This is because we both grew-up in the county and have never had to travel long distances just to go to private gyms. Our experience at different gymnastics facilities around Detroit will help us believe that our gym is going to be a success.
To fund the start-up costs for Gymnastics Jump-Start, the owners will each invest $25,000. To help pay for the equipment and initial costs of opening a private, high-quality gymnasium, we also need a 7-year loan of $36,600. The financial plan provides details on the repayment.
1.1 Keys for Success
Our main keys to success include:
- Maintaining a reputable and untarnished reputation in the community
- Competitive pricing
- Flexible hours
- You can park in a lot of places and be sure to keep your vehicle safe.
- Accessible from anywhere
- For maximum public exposure, target high-traffic areas
- Design facilities to reduce overcrowding
- A team of skilled managers
- Personal relationships with customers
We can minimize certain risk factors by:
- To sustain operations for the first year, initial capitalization
- Low overhead by using multi-skilled workers and continuous training
- Affable marketing creates strong customer base
- Solid community connections and active participation
- Eliminate collection costs by establishing cash/credit/debit-card-only facilities
1.2 Mission
Gymnastics Jumpstart provides a space where people can learn, meet new people and have fun. We offer a varied gymnastics and conditioning program with price options for all levels of interest, but with greater emphasis on group classes. Our instructors have access to continual training with some of the area’s top professional coaches. This gives our students the best techniques and tricks. Gymnastics Jump-Start accepts all abilities and promotes diversity.
1.3 Objectives
Gymnastics Jumpstartt has these objectives:
- Extend the class capacity to 60% by the end of your first year of operation.
- At the end the first year, recruit 300+ participants.
- Increase membership by 20% in the second year.