Aspiring boxers need a gym in which to train. That could create a need and a business opportunity. But do your homework before making definitive plans. Boxing is a sport that's built on dedication, discipline and attention to details. An aspiring boxing gym owner should apply those same principles before opening a training facility.
Instructions
Open a Boxing Gym
1. Decide on your clientele. Some boxing gyms are for serious boxers training to fight competitively in the amateur or pro ranks. Other gyms train men and women wanting a workout or light sparring, but have no intentions of fighting professionally or in amateur tournaments. Some of those people compete in three-round bouts called white-collar boxing, in which no winner is declared and each round is two minutes instead of three.
2. Create a business plan. You might love boxing and can't wait to teach the sport, but treat it like a business. Write down all expenses and the number of boxers you're going to need to make a profit. Also, try to figure out how long that will be and if you can afford to go several months without making money.
3. Pick a location. This will be based on what kind of boxers you're trying to attract. For example, if you're aiming for white-collar types, pick a spot near office buildings so they can easily come in after work. Also, pick an area that doesn't already have a boxing gym.
4. Hire staff. This could include boxing trainers, nutrition experts, secretaries and possibly an advertising firm.
5. Buy equipment. This will be based on your business plan. You also may not need everything right away, or you might decide to have your boxers buy some of their own equipment. But you'll need to consider buying boxing gloves, a ring, handwraps, heavy bags, protective gear like headgear, speed bags and timers.
6. Look into buying insurance. Don't cut corners here. Meet with a lawyer to inquire if you should have the boxers sign a waiver form that releases the gym from any responsibility for injury. Ask the lawyer if you need to buy secondary insurance for the boxers.
7. Advertise for clients. This depends on whom you want to train. Advertise in newspaper sports sections and boxing publications. To attract athletes, put up flyers in weight-lifting gyms and talk to coaches of other sports. Maybe a high school football coach will recommend boxing to his players to stay in shape in the off-season. If you're going for the white-collar crowd, advertise in business publications.
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