Personal training business planning

Which of the following is NOT a component of a personal training business plan?

• SWOT analysis

• Target market

• Daily workout schedule

• Cash flow analysis

A Unique Selling Point (USP) is what differentiates your business from competitors.

• True

• False

What does "SMART" stand for in SMART objectives?

• Specific, Measurable, Achievable, Realistic, Timely

• • Strategic, Meaningful, Achievable, Relevant, Timeless

• • Specific, Measurable, Attainable, Rational, Timely

• 1. Simple, Meaningful, Accurate, Reasonable, Timely

A ________ analysis helps identify a business's strengths, weaknesses, opportunities, and threats.

Which of the following is an example of a Key Performance Indicator (KPI) for a personal training business?

• Number of client complaints

• • Number of new clients per month

• • Price of competitor services

• 1. Color of gym equipment

Which of the following are essential elements of financial projections in a business plan? (Select all that apply)

• Start-up costs

• Monthly expenses

• Cash flow

• • Number of social media followers

What is the main purpose of conducting client satisfaction surveys?

• • To identify new services to offer

• • To improve client retention and service delivery

• • To analyze financial projections

• 1. To compare with competitors

A business plan should include strategies for both acquiring new clients and retaining existing ones.

• True

• False

Which IT tool is most commonly used to manage cash flow in a personal training business?

• Word processor

• • Spreadsheet Software

• • Presentation Software

• 1. Design Software

A personal training business's ________ defines the specific group of people it aims to serve.