Question 1 answer is: I envision offering a personal training service as an independent business owner, operating my own facility and engaging a team of qualified trainers to work with me. I believe in creating a welcoming and inclusive environment where clients can feel motivated and supported in achieving their fitness goals. While I appreciate the benefits of indoor fitness centers and personal training studios, I am drawn to the idea of primarily delivering sessions outdoors, taking advantage of natural surroundings and fresh air. I also want to offer the flexibility of being a mobile personal trainer, allowing me to travel to clients' preferred locations, whether it be their homes or nearby outdoor spaces. In terms of session types, I am passionate about working with clients on an individual basis, tailoring each session to their specific needs and objectives. However, I also recognize the value of group dynamics and would enjoy leading small groups of 4-6 clients, fostering a sense of camaraderie and shared motivation. As for my ideal client, I am enthusiastic about working with individuals from diverse backgrounds and fitness levels. I particularly enjoy supporting clients who are new to fitness or require specialized guidance, such as post-rehabilitation clients or those with specific health conditions.

Can you help me please :)

Question 4.

Determine your proposed pricing structure for your personal training service. Todothis, follow the steps below to work out your personal expenses and your business expenses, then calculate the number of sessions that you need to complete each week and the fee you will charge the client for each session. Tocalculate your price per session and the number of sessions you need to conduct each week, use the following steps:

Calculate Your Expenses:

a. Personal expenses:

Calculate your weekly personal expenses. This includes expenses such as your rent or mortgage repayments, vehicle expenses, insurance, food and other essential expenses, bills, discretionary spending, and any credit, store, or loan repayments you make.

Note: Your expenses should be weekly expenses, so any fortnightly, monthly, or quarterly payments should be converted into a weekly expense for this section.

b. Business expenses:

Calculate your anticipated weekly business expenses. Your business expenses will vary depending on your preferred structure from Question 1 (employed, business owner, etc.). Business expenses include any rent payable, equipment, phone, client care, uniform purchases, marketing, accounting or legal fees, continuing education, or other business-related expenses you may incur.

Note: Your expenses should be weekly expenses, so any fortnightly, monthly, or quarterly payments should be converted into a weekly expense for this section.

Add your weekly personal expenses and business expenses together. Provide your total expenses here:

Personal Expenses + Business Expenses =

Calculate Your Breakeven Point:

Take into account compliance factors such as taxation when calculating your breakeven point. To do this, divide your total weekly expenses from (a) above by 0.7:

Total Weekly Expenses / 0.7 =

Once you have adjusted your weekly expenses, you can now work out how many sessions you need to conduct each week and the fee you need to charge for each session. Todothis, set a price for your session and use the following formula to calculate how many sessions you need to do a week to meet your required income:

Weekly Expenses / Price per Session = Number of sessions needed each week

Adjust your price to determine the number of personal training sessions and price per session that you are comfortable with, meets your financial needs, and conforms with the preferred service you identified in Question 1. Provide this information below:

Price per Session
Number of sessions each week

Question 5.

Identify the risks to your proposed personal training service. For each risk:

• Briefly describe how each risk could affect or impact on your personal training service.
• Identify at least one (1) potential strategy that you can implement to reduce the risk to your personal training service.
• Prioritise risks to show which risks will have greater significance to your personal training service. Use a scale of High, Moderate, or Low to show which risks will be those that you will implement minimisation strategies for first.

The Risk Assessment section on the Business Plan template that has been provided may help you with conducting your risk assessment.

Risk	Impact	Minimisation Strategy	Priority
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Question 6.

Identify the stakeholders of your personal training service. Briefly explain the role of each stakeholder, such as how they assist you or how your personal training service can influence or affect them.

When identifying your stakeholders, remember that stakeholders can include people, businesses, or groups that support or influence you. When identifying your stakeholders, consider factors such as industry organisations, government agencies, sources of financial support, mentoring, client base, psychological/emotional support, or partnerships with other people/businesses.

Stakeholder	Role
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