This report provides a detailed analysis of a new health club venture, named Health Planet, focusing on its feasibility and the application of management skills within an entrepreneurial context. The report begins with an introduction to entrepreneurship and its requirements, followed by an examination of the new venture concept, including its aim, objectives, and the identification of an opportunity gap in the market. The feasibility of Health Planet is assessed based on the UK's health and fitness industry trends. The report then outlines the requirements for starting the business, such as health machines, manpower, location, infrastructure, finance, and suppliers. It also delves into the management skills essential for the venture's success, including planning, leadership, decision-making, forecasting, risk assessment, communication, and staffing. The report further examines market segmentation, competitor analysis, and the proposed market strategy for Health Planet. A business model, SWOT analysis, and Porter's Five Forces analysis are included to provide a comprehensive overview. Finally, financial projections and a proposed plan of action are presented, followed by a conclusion summarizing the key findings and recommendations. References are provided to support the analysis.