THE BUSINESS OF BOXING

STARTING A BOXING GYM, PART 2, WRITING YOUR BUSINESS PLAN

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WRESTLER MOVES YOU WILL SEE IN MMA!
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FRANK SHAMROCK: RETIRE OR NEW STRATEGY?
FRIENDS OF THE BUSINESS OF BOXING ON MYSPACE
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PROFESSIONAL FIGHTING SPORTS, THE RECESSION & CHARITY
THE PUBLISHER-MIKE BALLARD
BOXER GREG PAGE PASSED APRIL 27, 2009
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GYM ADMINISTRATION: ORGANIZING BOXING TRAINING
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A NIGHT OF BOXING OFF BROADWAY
THE WORLD TEAM FIGHTING ASSOCIATION
THE RISE OF WORLD PRO FIGHT LEAGUES
BOXING, MARTIAL ARTS AND TELEVISION SCREENWRITING
BOXING AND WEIGHT MANAGEMENT
THE SUPERSTAR FIGHT TRAINER
DANA WHITE OF UFC TRASHES BOXING!
CREATING YOUR OWN FIGHTER APPAREL
CALLING OUT YOUR OPPONENT
ARCHIVED ARTICLES
SECTION 1 ARCHIVES-MANAGEMENT
YOUR FIGHTER ORGANIZATION
THIRD WORLD FIGHTERS, AN UNTAPPED MARKET
MAKING BUSINESS DEALS IN THE FIGHT GAME
INVESTING IN FIGHTERS & THE FIGHT GAME
SCOUTING YOUR OPPONENTS, SETTING UP A SCOUT NETWORK
AVOIDING SUCKA FIGHTS: CHALLENGING THE RIGHT FIGHTERS IN ROUTE TO THE TITLE
HAVING TROUBLE FINDING A SPARRING PARTNER; CHECK THIS OUT!
BOXING NEGOTIATION, PART 2; THE RULES OF NEGOTIATING
BOXING NEGOTIATIONS, PART 1
PROMOTIONAL CONTRACTUAL AGREEMENT-STARTING YOUR BOXING CAREER, PART 2
STARTING YOUR BOXING CAREER
MANAGING FIGHTERS AND THE GROWTH OF FIGHTING
SECTION 2, FIGHTER DEVELOPMENT
HEAVYWEIGHT CHAMPIONSHIPS-NO MORE AMERICANS!
SKILLZ & DRILLZ-THE ART OF SLIPPING PUNCHES
SKILLZ & DRILLZ-SLOWING DOWN THE SPEEDY OPPONENT
TIMING-THE "DIRECT CONNECT" OF FIGHTING SPORTS
THE "OVER" PUNCHES-THE SNEAKIEST PUNCHES IN THE BUSINESS
SKILLZ & DRILLZ-KILLSHOTS-SETTING UP YOUR OPPONENT FOR A KNOCKOUT
SKILLZ & DRILLZ-MULTIPLE OPPONENT DRILLS
FROM LOSING TO WINNING!
UNDERSTANDING POWER. PART 2
UNDERSTANDING POWER, PART 1
YOUTH, WHY THEY SHOULDN'T RESIST RESISTANCE TRAINING
SKILLZ & DRILLZ-BALLOON TRAINING FOR BOXING AND KICKBOXING
SKILLZ & DRILLZ-STEP JUMPING KICKS
SECTION 3, MEDIA AND PROMOTION
ALIGNING WITH CELEBRITIES TO PUBLICIZE YOUR FIGHT OR FITNESS BUSINESS
SKILLZ & DRILLZ-THE IMPORTANCE OF VIDEOTAPING FIGHT TRAINING
PROMOTION-STARTING YOUR INTERNET RADIO
CLUB OWNERS & FIGHTERS-PUBLIC CABLE ACCESS TV AS A TOOL
ICE HOCKEY AND PUGILISM
RAP, ROCK AND FIGHT PROMOTION
MULTIMEDIA-STARTING YOUR OWN RADIO PROGRAM
PROMOTION-THE TV FIGHT NIGHT PARTY
MARKETING-FREE, MAGIC WORD OR FOUR LETTER WORD
SECTION 4, GYMS,CLUBS AND PROGRAMS
SCIENTIFIC KNOCKOUT BY CHRISTIAN TOTO
AMERICAN IDOL AND CHAMPION BOXER
FIGHTER BOOT CAMP
THE NIGHT BEFORE YOUR FIGHT: SHOULD THERE BE SEX?
CHUCK NORRIS & THE WORLD COMBAT LEAGUE
CREATING A SELF DEFENSE PROGRAM
AVOIDING BURNOUT
CRIME 2006: THE NEED FOR SELF-DEFENSE
BARRY BONDS & JACK JOHNSON, THEIR CAREER SIMILARITIES
BOXING & STERIODS
BOXING AND COLLEGE SCHOLARSHIPS-A COMMENTARY
BOXING AND THE EXURBS-DEVELOPING NEW MARKETS
UNDOCUMENTED BOXING OR FIGHT CLUBS
TRAINING FIGHTERS VIRTUALLY GYMLESS: THE GARY RUSSELL SENIOR STORY
EXHIBITION BOXING-THE OTHER SIDE OF FIGHT PROFESSIONALISM
OVERTRAINING: THE KEY TO A CHAMPIONSHIP-THE MILETICH FIGHTING SYSTEM
BOXING AND MIXED MARTIAL ARTS; A MERGER?
PROFITING FROM THE ELDER BOXER
MIXED MARTIAL ARTS- SELLING YOUR SKILLS TO FOOTBALL
EXOTIC FIGHTING-BIKINI & NUDE BOXING & GRAPPLING
BIG PROFITS IN AFTER SCHOOL PROGRAMS
A RESPONSE TO FIGHTING & BRAIN DAMAGE FROM RUSTY ROSENBERGER
WHAT IS THE BEST MUSCLE BUILDING SUPPLEMENT TODAY?
FULL CONTACT FIGHTING & BRAIN DAMAGE
DEVELOPMENT COMPETITIONS
THE MATURATION OF MIKE TYSON
BOXING BIKINI BEACH PARTY
EVERYBODY WINS-THE USE OF CONSOLATION FIGHTS AS A RETENTION TOOL
LEGAL LIABILITY AND THE MARTIAL ARTS BY BILL MC CABE
BODYBOXING BY RUSTY ROSENBERGER
"HELP!, SOMEBODY HELP ME WITH THESE KIDS!" MARYLAND BOXING COACH NEEDS HELP!
BOXING AND CANCER-THE CHAMPION INSIDE, A NEW FILM
FEMALE BOXER DIES IN BOUT
FIGHTERS AND DEPRESSION
OPERATING YOUR OWN BOXING, WRESTLING AND MARTIAL ARTS SUMMER CAMP
SO YOU WANNA BE A FIGHT PROMOTER!
ALTERNATIVE GYMS
STARTING A BOXING GYM,PART 3-THE MINI GYM
MIKE TYSON AT THE CROSSROADS-TRAINING THE OLDER FIGHTER
STARTING A BOXING GYM, PART 2, WRITING YOUR BUSINESS PLAN
STARTING A BOXING GYM, PART 1
ONLINE TRAINING: A GREAT WAY TO EXPAND YOUR CLUB!
WRESTLING IN HIGH SCHOOLS USA-GIRLS COMPETING AGAINST BOYS
WRESTLING-LADY WRESTLERS, SUPERSTARS AND SUPERWOMEN
EXPANDING YOUR CLUB-COLLEGE BOXING AND KICKBOXING
BOXING & WRESTLING-SPRING BREAK CAMP
SUMMER BOXING RETREATS
CURRICULUM-EXECUTIVE BOXING
ENHANCING YOUR BOXING CAREER-SPARRING PARTNERS
GAMES & COMPETITION-THE HEAVYBAG RACE
Contact
HOT LINKS

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STARTING A BOXING GYM, PART 2; WRITING YOUR BUSINESS PLAN
 
In the first part of this series, we discussed some of the ideas you must think about before you start your business, especially the fact that this is a commitment that you chosen for the long run and the challenges you will face in operating your business.
 
Your business plan may seem like a complicated and confusing task.  But do not be afraid.  There are plenty of avenues you can take in putting a plan together to start your boxing gym.
 
Starting a gym is not a matter of putting up a ring, punching bags and lockers, but you will have to develop a stategy to keep the business in operation for years.  This strategy is essential, if you plan to borrow money to fund your gym.  There may be lean times during your business tenure and you will have to show the lender or investors that you will overcome challenges.
 
When writing your business plan, take your time, in most cases, when you finish your first or second draft proposal, there will be other ideas that will come to mind that you will want to add to your draft.  Complete your drafts; solicit opinions and ideas from friends, partners, family and business associates.  Ideas from various sources will help you see things you may not have thought of.
 
Your business plan is the most crucial document you will have when starting your business.  This document has to be constructed with complete clarity and substance.  If you need help in writing a business plan, in which 80% of us do, there are sources in the United States that can help you with your business plan.  There are sources that are free, such as municipal, county, state and federal government programs. 
They consist of one on one assistance (tutoring) and business planning classes.  In other countries, you can start with your government for sources that may assist you with your business plan.
 
There are private sources or consultants that will help you write a business plan for a fee.   I have noticed that there are more businesses on the web that specialize in helping potential boxing and martial art school owners for a fee.  These organizations could be helpful because they have on hand experience.  They could be a little more insightful in helping you put together your business proposal.  You can explain to them what you propose and they will construct your plan for you.  Like anything, it is best to shop around and take your time before hiring these experts.  Ask them for references and check the references thoroughly.
 
In the US, the biggest agency in assisting businessmen with this type of service is the US Small Business Administration.  They have classes and books you can buy.
 
They also have field offices around the country to help small businessman.  The field offices have business start-up and planning assistance information and classes also.  Your state, municipal and county governments have economic development agencies and corporations of various kinds that will help you with business planning and funding.  On the web, you can search for these types of organizations within your state.
 
If you would like to acquaint yourself on business planning before you start drafting your plan, there are thousand of books you can buy from bookstores and online stores, such as Amazon Books (www.Amazon.com).
 
In my case, I started my first gym on my own though savings, but when I wanted to upgrade and move my gym.  The US Small Business Administration referred me to an agency in the county and state (Maryland) where my gym was located. The referred me to:
 
Prince George's County Economic Development Corporation
4640 Forbes Boulevard
Suite 200
Telephone:  (301) 429-3044
Fax:  (301) 429-8762
 
They tutored me on how to submit a packet into the bank for funding.  I included this organization in this article for anyone who may want to contact them for information.
 
If you are seeking funding (loan), an application packet to a funding source will look similar to this:
 
  • Application for Business Loan
  • Business Plan
  • Resumes on Management Team Members.
  • Copy of Lease, if applicable.
  • Historical statements and tax returns (Last three years.)
  • Interim Financial Statements (Balance sheets, income statements, aging reports). No less than 45 days old.
  • Projected sales and expenses for 12 months
  • Owners' personal finacial statements and tax returns. (Last three years.)
  • Statement of Personal History
  • Application Fee

In closing, take your time and plan your gym well.  Seek out business education and consulting sources that can assist you in planning your business.  Once your gym is in full operation and well planned; you will find it to be the best job you will ever have!

AS ALWAYS, GOOD LUCK!

 
 

For more information on starting a gym or business, click this link:

Starting a Gym

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