It put him and his Taekwondo club into a tailspin for which they were unprepared.
He decided to take it upon himself to find a new space in Bristol for the club but soon ran into difficulties, with the majority of leisure centers and gyms in the city unable to accommodate them.
“You know how you are getting from A to B and on to C.”As the gym grew over time, Ibrahim found the plan extremely beneficial in bringing MYGYM to the next level.
He explains: “One of the big milestones for was to try and own the building.
The business plan is one of the foundational documents of any business.
In this article, we want to give you an overview of the essential areas of creating a business plan that you need to know.
Loans are not the only type of funding that may be reliant on a robust business plan.
Competitions that award business plans with mentorships, grants or investment capital are quite common at a local and national level.
And this is backed up by research conducted across all industries.
One of the most common reasons that any fitness entrepreneur would write a business plan would be to give investors a document that shows and comprehensive overview when asking for investment.