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Starting a youth training business

A detailed account of a Fastlane process...

Ducklife88

New Contributor
MEMBER
User Power
Value/Post Ratio
80%
Jun 22, 2023
10
8
Target demographic:
10-~17 year olds, mostly male

What kind of value am I providing:
small group fitness courses focusing on bodyweight and athleticism, a better alternative to a gym especially for teenagers, coupled with teambuilding, healthy competetiveness and with a certified trainer to make sure the training stays healthy, and is not self destructive to a growing body as most gyms are, with a focus on semi individual service

How do I start/what do I need:
A hall with around 40-60 m2 in which I am going to build pullup bars, ninja warrior equipment etc. out of wood. monthly cost of that would be 400-600€
One time cost in terms of equipment(200€-5k, can vary a lot)

How do I get money in:
monthly memberships, 30€ a month for coming once a week, 50 if they want to come twice, max. of 12 kids a group, 10-12,13-15,15-17 age groups.
renting the place out to personal trainers when there are no courses.
Thats just the starter plan, I have many plans to scale the whole thing up, and it is very comparable with personal goals of mine#


Problems:
I'm broke. I recently moved to a bigger city as there are more people(and the real estate prices are cheaper in this part of the country despite it being a city, lol). Moving, appartment deposit, staying in a hotel a bit, have left me broke, meaning the earliest I can start is 4-5 months if I save a lot(welcome to the rat race)

The thing is, I want to take action NOW. I'm young, ambitous and have freetime.

So the current plan is: Do the exact thing, but in a public park where there are pullup bars for much cheaper(20 a month), get some equipment, get a group, cashflow together. If I KNOW I have already existing customers I can take a bigger risk and rent earlier, as I am going to have guaranteed cashflow and an already existing customer base.

The only doubt is that a park is not that "prestigous"/normal. Altough I don't really care about such things, parents do. It is normal to drop off your kids at a training center, at a park, eh not so likely.
So I would love some feedback on that part, maybe other things I could do different to have more "social proof"

Currently writing the copy/designing the webiste and opening up a facebook account to do targeted ads.
 
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WJK

Legendary Contributor
EPIC CONTRIBUTOR
LEGACY MEMBER
Speedway Pass
User Power
Value/Post Ratio
259%
Oct 9, 2017
3,148
8,169
Alaska
Target demographic:
10-~17 year olds, mostly male

What kind of value am I providing:
small group fitness courses focusing on bodyweight and athleticism, a better alternative to a gym especially for teenagers, coupled with teambuilding, healthy competetiveness and with a certified trainer to make sure the training stays healthy, and is not self destructive to a growing body as most gyms are, with a focus on semi individual service

How do I start/what do I need:
A hall with around 40-60 m2 in which I am going to build pullup bars, ninja warrior equipment etc. out of wood. monthly cost of that would be 400-600€
One time cost in terms of equipment(200€-5k, can vary a lot)

How do I get money in:
monthly memberships, 30€ a month for coming once a week, 50 if they want to come twice, max. of 12 kids a group, 10-12,13-15,15-17 age groups.
renting the place out to personal trainers when there are no courses.
Thats just the starter plan, I have many plans to scale the whole thing up, and it is very comparable with personal goals of mine#


Problems:
I'm broke. I recently moved to a bigger city as there are more people(and the real estate prices are cheaper in this part of the country despite it being a city, lol). Moving, appartment deposit, staying in a hotel a bit, have left me broke, meaning the earliest I can start is 4-5 months if I save a lot(welcome to the rat race)

The thing is, I want to take action NOW. I'm young, ambitous and have freetime.

So the current plan is: Do the exact thing, but in a public park where there are pullup bars for much cheaper(20 a month), get some equipment, get a group, cashflow together. If I KNOW I have already existing customers I can take a bigger risk and rent earlier, as I am going to have guaranteed cashflow and an already existing customer base.

The only doubt is that a park is not that "prestigous"/normal. Altough I don't really care about such things, parents do. It is normal to drop off your kids at a training center, at a park, eh not so likely.
So I would love some feedback on that part, maybe other things I could do different to have more "social proof"

Currently writing the copy/designing the webiste and opening up a facebook account to do targeted ads.
In our town, one of the church's youth pastors has an espresso shop set up for young people. It's working out pretty well. It's the hang-out spot.
 

Ducklife88

New Contributor
MEMBER
User Power
Value/Post Ratio
80%
Jun 22, 2023
10
8
Well friends, after a depressing 5 months of just sucking it up and wage slaving I have the capital(around 3k) to start it.
Also have a place I signed a contract to. Took way to long but I dont really have someone to back me up and have to stem it alone.

Starting time is going to be the 15th of January.
Did some minor adjustments in terms of pricing and equipment.
Advertising is going to be word of mouth, flyers in schools, tik tok & facebook ads.
And of course keeping my fulltime job so I can pay for all of it.

Yeah thats basically it, not much else to say. This waiting game is really killing me lol
 

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