Starting up a personal training business
Upon successful completion of your personal training diploma, you will need to get organised and set up your business as smoothly as possible. Here are some points to help remind you of what needs to be completed - and keep you on track!
1. Register with REPs and/or CIMSPA
Firstly, it is important that you are registered with REPs (Register of Exercise Professionals) and CIMSPA (Chartered Institute for the Management of Sport and Physical Activity). REPs is a recognised organisation within the fitness industry that provides information about the teaching status and level of expertise of its members.
Launched in 2011, CIMSPA is the professional development body for the UK’s sport and physical activity sector.
CIMSPA has been awarded chartered status by the Privy Council, which came into effect at the start of January 2012.
CIMSPA provides leadership, support and empowerment for professionals working in sport and physical activity and a single unified voice for the sector.
In 2015, Sport England announced it was backing CIMSPA to be the single body within the sector that safeguards standards through the regulation of training and qualifications. As such, the majority of employers within the fitness industry will soon require employed or self-employed staff to be members of CIMSPA and adhere to their CPD requirements
2. Take out public liability insurance
Secondly, you need to take out public liability insurance. There are lots of good deals around, but the amount you need to pay may vary depending on the service you offer. It is your responsibility to source and investigate the best options for your requirements and you should be fully insured by the time you undertake your first home visit or gym session.
3. Open a business bank account
Open a business account or separate account for all your earnings and log every client and every payment.
4. Register for National Insurance contributions
National Insurance contributions will cost you around £2.80 per week, depending on your earnings. This can be paid by direct debit, or you can pay quarterly at your bank/post office.
5. Make provisions to meet your tax liabilities
Save a percentage of your earnings for tax in a separate account - preferably a savings account. 25% of your monthly earnings should be sufficient - and remember that you have a personal allowance that will not be taxed. You will then be taxed on approximately 20-40% of the rest of your income depending on how much you earn. These figures change each year so make sure you keep up to date by visiting the HMRC website.
6. Register your business
You need to contact HM Revenue and Customs (0300 200 3504) within 3 months from the end of your first month of trading to register your business.
So to recap – register with REPs and CIMSPA, make sure you're fully insured, set up the appropriate bank accounts for tax and earnings, organise your National Insurance contributions and don't forget to register your business. You will then have successfully set up and started your own business.
As part of the Career Accelerator Package which is included with your diploma, you receive a consultation with iSYT Fitness Solutions, an accountancy firm who specialise in working with personal trainers. They will take you through all of the above to give you the confidence to know you've set up your business correctly.
This process may take a few weeks and, of course, you will be allowed to work during this process. You now need to focus on:
- Advertising and marketing yourself
- Finding clients
- Retaining your clients
- Earning the salary you want
- Developing as a successful personal trainer
The Career Accelerator Package provides you with specialist services and resources to help you with this, and you'll also find advice and support throughout the Future Fit School of Personal Training site. We'll be continually adding information and resources, so make sure you visit regularly!