Fitness and Recreational Sports Centres
If you have a passion for fitness and a passion for people, you could turn your love for exercise and being healthy into a lucrative small business. Boutique fitness centres are springing up all over North America, giving big impersonal chain gyms serious competition as the de facto place to go for a workout.
Whether your passion is CrossFit, kickboxing, martial arts, yoga, or another hot fitness trend, by picking the right location for your business and knowing how to market it, you can quickly make it a success.
In 2015, the Canadian government reports, roughly 70% of fitness and recreational sports centres in the country were profitable. For those that did well, profits were strong, to the tune of $312,000 in average annual revenue — the highest amount of all industries profiled. The takeaway is that this industry requires a lot of dedication and hard work, but if you bring that to the table, the sky is the limit.
Starting a small business gives you the autonomy to be in charge of your own destiny and your own success, and it lets you turn your passion into a lifelong career. There are many industries in which you can succeed as an entrepreneur in Canada; the key is finding the one that is right for you.