implemented into their weekly routines to achieve overall positive wellbeing

Implemented into their weekly routines to achieve

This preview shows page 13 - 16 out of 35 pages.

implemented into their weekly routines to achieve overall positive wellbeing Growth potential [• Minimum expectations are to grow 10%-15% per month in active memberships driven by referrals/word of mouth, digital and onsite advertising, and trial periods that convert into membership subscriptions. 13 BUS12 Business Assignment v2.2 (2019/03/18)
Innovation Research & development (R&D)/innovation activities Surveys and feedback sessions for existing members Existing data that can be mapped to see sales conversions Industry consultations Google keyword planner searches Interviews and performance reviews with staff Intellectual property strategy (optional) [• Confidentiality agreements implemented for any work completed with the NDIS or corporate business sessions Trademark of name and not publicizing specific workouts online Insurance Worker’s compensation We provide cover for workers compensation regulated by Qld fair work ombudsman and State Insurance Regualtory Authority (formerly known as Q- comp). Currently have a nominal insurer under Icare. Public liability insurance [Current registration with Fitness Australia which provide public liability insurance that covers third party injury or death Professional indemnity Also covered by registration with Fitness Australia, Business assets Business assets insured by Fitness Australia under their Business losses Cover; this covers theft and burglary, money etc. Business revenue [Business revenue also insured under Fitness Australia though their Business Continuity Cover. 14 BUS12 Business Assignment v2.2 (2019/03/18)
Risk management [List the potential risks (in order of likelihood) that could impact your business.] Describe the Risk Rate the Likelihood Impact Strategy [ Fitness related physical injuries Likely ] [ Medium [ Mandatory provisions for minor injuries such as first aid kit, employees fully qualified to perform first aid on clients.Clear statement in contract and waiver form about any serious injuries that occur, and orally explain to all new clients that the business hold to liability for such injuries and they will not sue the business for any claims of compensation if such injury occurs Client not showing up for a session and providing no notice Likely Medium Message them before the session to confirm they’re still available and aware of time and location Development of land property is currently on Likely Medium Gym currently located in a high potential development zone Ensure that an alternative location is found as a backup in case landlord decides to demolish current industrial complex and develop into an office building Shared carpark with other businesses, clients may be injured or fatal accidents can occur with car collisions, tripping etc. Highly unlikely High Ensure speed limit signs in carpark, discuss with other businesses sharing same carpark, add measures of protection such as speed humps Add Legal considerations [Choose which laws may be relevant to your business. If you are unsure look up the act online. Explain in a couple of lines how the act relates to your business and how you will cater for it. You can find

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