Entrepreneurship: Importance of Business Plan for a Gym with Healthy Restaurant

Entrepreneurship

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY ..................................................................................................................................3
Business Description...................................................................................................................3
Industry Analysis........................................................................................................................4
Operations...................................................................................................................................7
Marketing Plan............................................................................................................................9
Financial Plan..............................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................12

INTRODUCTION
The term entrepreneurship is explained as an ability and readiness for develop, establish
and organise an enterprise or business with understand of its uncertainties in order to maximise
the number of profits. In simple terms, entrepreneurship is a process of starting the new business
venture by administrating and succeeding the start-up along with monitoring the risk factors to
earn sufficient profits. This report helps to understand importance of business plan for an
organisation. The select business idea is to open a gym with mini-healthy restaurant for offer
exercise services and diet products at a same place (Algar, 2021). Moreover, this report
highlights on business description to demonstrate mission statement, description of product and
vision of organisation. Business industry in terms of size, growth rate and sale projections will
also be included in this report. In the last, operation and management team which outline the
business steps to run gym operations will also highlight in this report.
MAIN BODY
Business Description
Healthy or fit individual is able to perform their work with more efficiency and gym is a
place which make a person fit as well as healthy. In simple terms, gym is an inside area which
provide the exercise equipment to the individual for perform physical exercise activities.
GYMFIT is a new venture which is established in East area of London and the main motive of

this Gym is to offer high quality of gym equipments to individuals and also to operate or regulate
a healthy food restaurant at the same place.
Mission- The mission of GYMFIT is to offer appropriate diet plan along with various equipment
which can help people to get better health to all those individuals who are engaged in physical
activities.
Vision- To open and manage the healthy food restaurants for fulfil need of safe and good quality
foods within the market along with focusing on the physical fitness.
Majority of the current gym offer only exercise equipments to the individuals but the gym
without proper diet is not useful (Andreasson and Johansson, 2016). Therefore, concept of
GYMFIT nation is to offer good quality of food by operating a healthy food restaurant so by
engage of all food items this is easy for the GYM authorities to attract more number of
individuals by adding their unique and healthy food services after or before gym. Innovation
among the food-products is one of the most important element for GYMFIT manager to increase
the number of participates or members with in the organisation. Moreover, the scope of GYM is
also broader because within pandemic conditions majority of people is focused towards improve
their health. Vertical structure is followed by the GYMFIT authorities to induce new strategies
and decision-making within the business.
Industry Analysis
Health industry is one of the major growing sections or part of the UK economy. The
current size of the fitness club industry of UK is approximately two billion British pounds. With
forecast of pandemic conditions this is identified that value of industry will fall because of
change in the rules and regulations of fitness industry. Further, UK health & fitness industry has
an approximate £3.6 billion and more than 11% of UK population are registered as active
members in the UK health or fitness industry (Number of gyms and fitness centres in the United
Kingdom (UK) from 2011 to 2021 (2021)). Porter's five-force model in context of GYMFIT are
mention as follow: