Assignment
1. Discuss and give examples of the basic business structures options available, as listed in the textbook, for a person wanting to start a fitness center or health club.
2. In your own words, discuss the difference between assets and liabilities on a fitness center's balance sheet. What is the importance of a balance sheet? Discuss revenue sources for a fitness center or health club that you are familiar with. Industry-wide, on average, what percentage of total income comes from membership dues?
3. Budgeting and forecasting - what are these two concepts and what is the importance of them to a facility owner?
4. The authors describe several ways to contain costs. Discuss at least five of these strategies.
5. What do the authors mean when they state: "The health/fitness club industry is a people intensive industry"? In your own words, define and describe it beyond the author's description.
6. Discuss and give examples of the "Evaluating your Operation". Once again, expand on the author's discussion.
7. What is leadership? Discuss at least four roles of leaders, four qualities of great leaders, and 5 characteristics of great managers...be thorough.
8. Why are locker rooms one of the most important areas in a fitness facility in terms of design, function and cleanliness?
9. Chapter 15 of the textbook discusses equipment. In one paragraph in your own words, summarize this chapter.
10. What are some important functions of maintaining your facility? How critical to the success of the facility are front desk operations? Why, or why not?