[g_petko]

Originally Posted by Nkc

We talking about in a general term of doing business or just the finance part?

A guess to an extent it is both, but I lack what I consider enough knowledge on the financial side of things and things to keep an eye on / consider

[g_petko]

Originally Posted by roastbeef

buy the audiobook by Brian Tracy titled "how leaders lead." its a great book about running a business.

Thanks for the heads up I recently got 3 books; The Zig Zag Principle, The One Minute Manager and Extraordinary Popular Delusions and the Madness of Crowds

[g_petko]

Originally Posted by ASBSECU E93

^ This. Before anyone can offer any meaningful feedback, It may help to better understand what sector of business you are considering...Medical, CRE, Manufacturing, C-Store, C&I, etc...

So I've got a real-estate which is now adding dollars to the bank and with some cash I have access to I'm wanting to open my own Performance / Fitness Gym. I've got a background in Strength and Conditioning and have always worked in gyms even while I was teaching full-time.

I have a solid knowledge of how to run a gym - but running a successful business is a different bag

[ASBSECU E93]

Originally Posted by g_petko

So I've got a real-estate which is now adding dollars to the bank and with some cash I have access to I'm wanting to open my own Performance / Fitness Gym. I've got a background in Strength and Conditioning and have always worked in gyms even while I was teaching full-time.

I have a solid knowledge of how to run a gym - but running a successful business is a different bag

You should also check out Idris Mootee. Design Thinking in Innovation.

[Nkc]

Originally Posted by g_petko

A guess to an extent it is both, but I lack what I consider enough knowledge on the financial side of things and things to keep an eye on / consider

When you build a successful business with a consistent source of income, finance will be an extremely crucial part of maintaining success. Projections are usually overly optimistic and cash flow and budgeting is probably what I consider to be the most important part for a start up. You must be good with money and you must continue to check if the numbers are right before its too late. And always allow for contingencies which basically means "shit happens" budgeting.

I have no idea how to run a gym tho lol.

Good Luck and always keep an eye on the finance. Maybe try to at least take a course or two on accounting to get a good idea of the financial statements and bookkeeping.

[Mr Tonka]

Originally Posted by g_petko

So I've got a real-estate which is now adding dollars to the bank and with some cash I have access to I'm wanting to open my own Performance / Fitness Gym. I've got a background in Strength and Conditioning and have always worked in gyms even while I was teaching full-time.

I have a solid knowledge of how to run a gym - but running a successful business is a different bag

Hire her and many like her.