- 1.) Human CapitalMy Staff is going to be unique and trained very well. Other places around town have okay trainers, but not the best, and definitely not the best all the time. Other gyms have good trainers, but only have access to them a handful of times a week. This is easy to copy, but difficult to implement.2.) Social CapitalMarketing will be done mostly by friends and family who are members of the gym. This is will cut down costs as I will not have to pay to market my product.3.) Financial CapitalI have direct access to manufacturers, who build these types of gyms, and I will not have to go to a distributor for equipment and this will save thousands of dollars. Not many people know how to go about this, this is just one of the personal connections I have.4.) CapabilitiesA CrossFit Gym large enough to accommodate classes of 10 people up to 50 people. Most gyms outside of big cities can only serve upwards to 20 people at a time. Once classes become larger than that chaos breaks loose and customers stop showing up. Our capabilities will suit the community and the structure will be so good others cannot imitate.5.) LocationPrime Location is key to success. Entering the right market is ideal, and this can also be replicated fairly easily6.) Knowledge of ProductI have been doing this sport for nearly 3 years, and when I am ready to venture off into my own business of this I will have well over 5 years of experience. That is years of working one with people, and working in a class situation. The only way to replicate this is to spend the time to learn. This is a valuable resource.7.) Organizational cultureThe culture at the location will be professional, but fun. This will make customers feel very confident about the product, but still make them feel like working out is fun. This is very hard to find elsewhere.8.) Best EquipmentLike I states earlier having access to manufacturers I will be able to purchase better equipment at lower prices and more of it. This is extremely important when operating a gym as appearance is vital to success.9.) Atmospheric PleasureThis is more of an internal atmosphere I would like to control by having the proper staff act a certain way with each other that keeps gossip down and fun up. This will create a better work environment which should be a standard though the industry, but it is not.10.) SizeImagine a CrossFit facility capable of serving world class athletes, and also able to make your grandma fit. The size of this gym is going o be so massive it is going to attract people from an hours drive away. Serving all customers no matter their athleticism will be what separates me from my competition
There is a gym in the Orlando
area that is MASSIVE and people go there, but the coaches are no good in my
opinion, but they have a booming business.
There is another gym in Stewart FL that has some of the best
athletes in the state, but Stewart is literally in the middle of nowhere and
the gym struggles. Finding a prime
location and size venue will be challenging, but manageable.
Hey Stephen,
ReplyDeleteI enjoyed reading about you idea of building a massive gym that will have the best equipment and also great coaching. I think that even though there a couple gyms in Gainesville you gym could still be successful if you really do achieve all the goals that you have set for yourself. Overall, I think you did a great job on describing what would be you unfair advantages and what makes you stand out. If you want to check out my unfair advantage, here is the link:
http://andreacdona.blogspot.com/2016/03/my-unfair-advantage.html
Stephen,
ReplyDeleteI think you have a solid span of advantages working in your favor. I think you really thought this out and planned it well and set yourself with the best people and resources to give your idea an advantage. So kudos to you! If you are saying your quality of gym is better than your competition in large gyms such as those in the orlando area then i think you are going to see the success you want. It all boils down to location I think.
If you want to check out my post on this you can go here: http://sirahmora.blogspot.com/2016/03/the-amazon-whisperer.html