The Challenges of Starting a Personal Training Business
Many people think that owning your own personal training business and being a personal trainer would be great. You get to train people all day long, constantly growing your client list, and get people the results they desire. Just think of all the money you could make! Or not. That’s up to you. But if you think it will be easy, think again!
Personal training is an amazing career choice—if you’re in the right market, have the right credentials, and have the right personal training business model and gym/studio to train out of. There’s more to starting your personal training business than you would think and you may make mistakes. Simply getting people to work with you could be the easiest part of your business venture.
Filing paperwork for your personal training business
This is where it would be ideal for you to hire and work with an attorney (I’ll touch on this in greater detail later in the article). Filing out the paperwork for your LLC or Corporation (however you choose to set it up) is extremely time-consuming and if it’s not filled out correctly could lead to several headaches down the road. Are you forming this business alone? Do you have a partner? Will you have employees? Figuring out your personal training business structure in order to complete the paperwork should be well thought out ahead of time.
Another roadblock is waiting for your state to approve your paperwork and get it back to you. While most of the time it gets approved quickly, it could also take a month or two just to get the paperwork back. Like in my case when I started my LLC, I waited over a month for the state to finally approve my paperwork due to them being understaffed because of budget cuts (as if our taxes aren’t high enough). This delayed the official start of my business, gave me some gray hair, and probably took a solid year off my life.
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