Sign Oklahoma Banking Business Plan Template Now

Industry sign banking oklahoma business plan template now

hey all my name is paul boroski and i am the owner of quality business plan and what i'd like to do today is show you all how to use my fitness center business plan template and also my fitness center financial model so the purpose of this video is to walk you all step by step through not only the purchasing process of getting the template but also how to use the business plan template and when you get the template you're going to get a word document that's your customizable you can add your own information add sub add subtract multiply and divide you can also you will also get a finance basic financial model in excel and in that model you can go ahead and change very various variables such as the price of memberships the number of members the fixed costs so on and so forth so when you make those changes all that information is going to populate and update your 12 month finance projections and also your pro forma projections for the next five years so let's go ahead and motion through this little powerpoint presentation that i've got concocted for you and let me show you all how to use my a word document and the financial financial projection template for the fitness center industry first a little bit about what your expectations should be in this video so to set your expectations the purpose of the structure of the fitness center template is for y'all to customize the information there within 30 minutes so you have a usable business plan template and financial projection model so when you get it and you download it if you just change the basic areas you're going to be set ready to go and you're going to have a business plan that's going to be good for in my most humble opinions landlords small business loans and also what to share with friends and family so now please keep in mind if you're going for like four to five billion dollars a million dollars for your fitness center this template is going to fall short of expectations what you can do though is use it as a foundation add some more content bring it up just enough to where the you know it shows that you know you're well prepared to take on that responsibility all right when you get to this template you will have a customizable word document it's highlighted in yellow areas that you can change or you you should change but anywhere in that word document you are able to change that information you also get a basic financial model that is customizable for your needs in the word document i have provided you all with industry research that is up to date so you can go ahead and again use that information for your business plan purposes and finally what you're going to get is this wonderful how to use video for both the financial model as well as the word document all right next is going to be a little bit about me let me give you all some background as to why i'm doing this who i am and how i can help and once i'm done with that is going to be all about you and your fitness center business plan template and financial modeling needs uh first and foremost i am a professional writer i love to write and i also write business plans for a living so if you need some assistance that's above and beyond the business plan template please don't hesitate to pick up phone give me calls may text send me an email be delighted to assist in writing a professional business plan for you next i am also a published author on amazon and the books that i love to write is you've guessed it about business plan writing and also financial projections so if you want some general information on business plan writing or some templates and so on and so forth visit me over on amazon and finally i am an adjunct professor and subject matter expert for both business and finance so i do have some educational background supporting my thoughts and ideas as to how to proceed with templates and models and finally if you need some financial projections that are a little bit more complex and above and beyond the scope of the basic financial model that i've presented like i said pick up phone give me calls may text them an email be delighted to assist with that as well all right enough about me let's go ahead and talk about your business plan document so when you purchase the business plan document for the fitness center and i will show you how to do the um the purchasing process after i show you what you would actually get when you buy it so um when you go so what i'm going to do is let's go ahead and go through the word document excel finance model so when you purchase the document you're going to go ahead and get a file and you're going to download it it's going to be a word document that looks something like this and it's going to say right up front fitness center business plan you can go ahead and change right here you can add your name whatever your fitness center name is going to be next thing what you're going to have is going to be the table of contents when you are done updating this document with all your information come back to the table of contents click on it and what you're going to do is you're going to click on right here it says update table you're going to click on that and you're going to then click on update entire table click ok and then all this information is going to update based on whatever changes that you've made the next section is going to be the executive summary don't do this until last company description this is where you're going to want to start and so where every everything in the yellow is going to be what you're going to want to change you're going to want to change right here you're going to put the um your name of your company if it's liability limited liability company leave this here you also want to put the city and state in the street for your fitness center next is going to be yourself your name as the owner right here and then what you're going to do is you just read through the document and they'll for example fitness center provides members access to our fitness facility and then just change around the just some of the words that may or may not pertain to your organization so members may purchase a one-on-one training if that's not the case delete it if it is the case then leave it if you want to add some more thoughts and ideas to that section feel free to do so as well right here is going to be your hours of operation if you're not working from if it's not open from 6 a.m to 2 30 then go ahead and change this information usually it's going to be 11 p.m or something like that seven days a week next is going to be your competitive advantage so think about some of the areas that you're going to do differently as compared to your competitors and feel free to update this information accordingly products and services right here is a little segment about memberships usually for most fitness centers you're going to have memberships you can have personal training and you're going to have a juice bar if you don't have a juice bar it's quite simple just delete it if you want to go into the um you know into some more details about the you know basic intermediate or advanced memberships that you're going to have for your fitness center feel free to do so here if you're going to have personal training you can expand upon the topic here if you're not delete it not a problem all right next is going to be the primary target market for the most part fitness centers are going to be targeting residents in your area and i've chose a 10 mile square radius you can change it to 5s you can change it to 15. again it's completely up to you the informations the rest of this information right here pricing strategy usually it's the best value approach you're going to offer some different services as compared to the competitors and for the pricing strategy it's a great idea to take a look at your area competitors figure out what they're charging people and take into consideration the their prices they're charging but also take into consideration some of the amenities that you might be offering that are above and beyond with your competitors and utilize that information accordingly when setting your pricing structure hours operation again feel free to change this to meet your needs location this section right here however square many square foot the location is going to be make sure you change that number right here and then just take a look at some of the things that i wrote here approximately three quarters of the information of the area is going to be free weights fitness machines and fitness classes if you're not going to have fitness classes well then delete it and just go at freeways and machines if you're just going to do fitness classes well delete all that stuff and just leave fitness classes so it's really easy to customize this information it's short it's sweet to the point and when the reader sees it they're going to say yes that makes sense business objectives and timeline feel free to update this information as you see fit i've given some just you know general structure as to how i would advise a fitness center to operate one to three months from this date you want to obtain the funding identify the location do your build out hire some employees and then open for business but feel free to use this structure right here to kind of show what your strategic thinking is for the short to moderate term next is going to be some industry analysis i have already done your industry research for you this is at a national level and it's focused on the gym health and fitness club industry health fitness centers fall right into that category whether it's a gym a crossfit center or some other type of physical fitness center it's going to fall into this category and this information is up to date so feel free to use it no need to change it and run and enjoy it swot analysis the way you change the swot analysis if you want to is you click on the diagram and then what you're going to do is you're going to find this a little arrow right here it's just a little tiny baby thing you're going to click on it and it's going to open up this spreadsheet or not spreadsheet but it's going to open up the structure right here that you can make the changes to so if you want to change management experience you just change management experience right here and when you do that it's going to automatically populate and update this chart right here feel free to do that for your strength weaknesses opportunities and threats if you want a little add a little bit more meat in the bone to strength do so if you want to delete some of these weaknesses do that as well but just make sure that you use this little thing right here you could just click on the cell and make the changes but it's you never know what's going to happen with the formatting so i keep it simple and and do it like that next is going to be the organizational structure for the most part when you start a fitness center you're going to have a ceo a manager some trainers some maintenance people and so on so i've thrown together some um i've thrown together some job responsibilities for each different position and feel free to add more content to it or if you're not going to have a trainer then just delete the content itself just you know highlight it and and get rid of it but the structure is there you don't want to go too detailed into you know what a trainer is going to do because you know it's pretty much i'm straightforward if you're going to add some twists and turns to the training position you know outline it here it's a great opportunity but the purpose of the job responsibility section is just to convey to the reader that you actually know how to structure the gym or fitness center to main you know to reach optimal levels of performance for your company next part is going to be the organizational chart this chart right here is just to convey visually that you know how to structure your gym if you want to make some changes to this again you would click on it you'll find that baby arrow right here yeah click on that too and then you just go ahead and make your changes to the ceo the general manager front desk sales maintenance trainers what have you you can just make the changes here and it will populate here for you next is going to be the marketing section so everybody's going to do marketing for a fitness center whether it be word of mouth marketing i see the social media advertising a website billboards uh park benches what have you whatever tickles your fancy you can go ahead and document it here i've given you some you know three categories traditional marketing internet marketing and social media for each one of these categories you can go ahead and again add content to it change the content that i have but you know this this content is short and sweet it's to the point it's customized to the fitness center but it's not so specific that it's locking you into any one activity that you need to do in order to be successful next is going to be your funding request how much money do you need to start your operations it doesn't mean it does not matter if you have to go out and borrow the money from your neighbor jack or if you're going to go to a bank or you go to an angel investor it doesn't matter this is a total dollar amount money of money you need to start your organization in this example 600 000 if you need more or less change this number here and if you're not going to be using debt you're just going to use money out of your pocket just go with equity if you're going to use both then change it in debt or equity to debt and equity so make the adjustments that you use you need fit you see fit also make sure if you can do debt make sure you say 20 30 years or whatever the term may be for your loan um give it give a range that kind of shows a little bit of flexibility also give a range for interest rates you don't want to be very specific i need 3.294 interest in order to go ahead and take your money it doesn't work that way give yourself a little bit of range and finally these are some just typical financial projections that are from from the excel file that i've already created i'm going to introduce y'all to in just a second you could use these numbers if you want again they're generic um it starts with month one builds all the way up to month 12 and it's broken into quarters month one two and three and then quarter one and then it's got month four five and six quarter two month seven eight nine at quarter three and then month 10 11 and 12 quarter four and then finally it summarizes into your financial projections for the next five years perform an income statement for year one through five like i said these are just generic numbers based on some typical memberships a juice bar and personal training opportunities if these numbers need to be changed then what you can do is you can go ahead and download the excel file that is included in the template in the purchase of the fitness center template when you open the excel file what's going to happen is you're going to see something like this you're going to have some purple areas right here you're going to have some purple areas right here everything in purple guess what you can change that if it's not purple don't change it uh for this right here um well that's not true for if you have levels of memberships if you're not using a levels membership level you can just zero it out and you're good to go and all that information deletes so the way that you to use this financial model when you open it is to click on the information tab and on the information tab you're going to see levels one through three you're going to have numbers and the number right here this is reflect this reflects how many memberships you anticipate starting off with for this example we anticipate having 275 members at level 1 200 level 200 individuals level 2 175 individuals at level 3. so we anticipate getting these memberships in the first month here is the pricing structure for each membership for leverage level of level one membership we anticipate like i said 275 individuals the price is going to be 29.99 once you fill in this information here all your all the other information is going to populate and you can do the same thing for the different levels ight here is the juice bar if you don't have a juice bar just go ahead and like i said zero it out and you're still good to go that information is deducted from your financial projections personal training temple is already set up you can go ahead and again add more personal training individuals or hours and you can change the prices accordingly this information right here this reflects operating days per week is one and then operations per month is one so this structure right here i would leave it because this makes your revenues instead of a daily sales revenues it's actually monthly sales revenues so i wouldn't mess with this right here unless you're going to do your memberships weekly which is very uncommon in the industry it's usually monthly so i would leave this alone the next section is going to be labor the first line right here this is how much you want to pay yourself a ceo if you're going to take 2500 a month leave it alone if you take a little bit more change this number here and it's going to increase your salary if you're going to take a little bit less again change it it's going to decrease your salary here is going to be the i've broken it into managers and employees however many managers you're going to have one two three four five put it here and the average rate paid put it right here if your managers are going to be full time keep it at 172 if your managers are going to be part-time then divide that by two and put 86 here same thing for employees i'm anticipating in my financial model five employees if you're going to have more add a number here if you're going to have less then reduce it same thing with the price and hours start up cost right here just gives you a breakdown of what the startup costs typically are for a fitness center feel free to change this information as you see fit equity investment is how much money you are going to put into the company the loan is your intensive anticipated loan amount make sure that your equity investment and your loan totals this number down here so if this number is five hundred thousand make sure your equity investment and loan is five hundred thousand in this example equity investment and loan six hundred thousand total six hundred thousand golden two thumbs up you can change this information here you can change the titles whether it's deposits inventory supplies advertising training and just change the numbers here you can change these these items here if you change this right here to let's say 10 000 it automatically totals down there for you monthly fixed cost if you're going to be a leasing then go ahead and put your lease dollar amount here if you're going to be buying it straight up no need to have a rent next is going to be your utilities your office your insurance and your advertising and so on and so forth when you change this information here it's going to update this little pie chart that you can use in the business plan template and then down here is going to be just some growth rates i wouldn't change that too much and this right here is going to be your loan information if you're going to take out a loan what's your anticipated interest rate and then what is your term so if you anticipate 5 interest put it there it automatically calculates your payments and if your term is going to be 25 then change that and again your payments are calculated when you make changes on this template here and you only make changes to the information the areas that i showed you your profit and loss template right here is going to update as well as your pro forma income statement going to update as well so when i change the numbers on this information page this information here changes if you want to update your business plan template you do have to copy this information here ctrl c it take it to your word document get rid of the file and then control v it and now you have your new information in your business plan template all right and so when you're doing your 12-month profit and loss statement this is the area that you want you want right here the quarter one this is your quarter two this is your quarter three and over here is your quarter four if you change anything on the template you're going to want to make some copies of this right here and again put it into your word document all right so that is for the gist of it how to use the fitness center template now if you do want to buy it what you're going to do is you are going to go to qualitybusinessplan.com forward slash business plan templates and once you're at this website you're going to scroll down scroll down and you're going to scroll down to where it says downloadable home site so what you're going to do is you're going to go to the quality business plan and the business plan templates once you're there you're going to scroll down to where it says fitness center business plan template you're going to read about it i'm going to have this video here as well and then if you're ready to buy you're going to click here once you click here you are going to be taken to this this site right here which is the downloadable fitness center business plan template uh the price changes so please disregard the price um you know it's on sale now but that sale is not going to last um so just visit that template or that website for the updated price all right so once you go ahead and purchase that template you are going to get an email and on the email it's going to show downloads and you're going to have the name of the template and you're going to click download and once you do that you'll click here you'll click it there it'll download the template then what you're going to do is you're going to double click on the zip file that you have and you're going to then double click on the inside file inside your template and then finally once you get there you are going to have the business plan template in a word document and also the template in an excel file so hopefully this video was helpful in showing y'all not only the importance and how to use the fitness center business plan template and the financial model but it also shows as a really good foundation if you want to add some details and really expand it to you know to really you explain what your vision is and how it's going to best um you know serve the customers in your area so hopefully this video was helpful if you like to give me a thumbs up on youtube and have a fantastic day thank you