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implemented into their weekly routines to achieve overall positive wellbeingGrowth 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. •13BUS12 BusinessAssignment 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 searchesInterviews and performance reviews with staffIntellectual property strategy (optional) [• Confidentiality agreements implemented for any work completed with the NDIS or corporate business sessionsTrademark of name and not publicizing specific workouts onlineInsuranceWorker’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 deathProfessional indemnity Also covered by registration with Fitness Australia, Business assetsBusiness 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.14BUS12 BusinessAssignment v2.2 (2019/03/18)
Risk management [List the potential risks (in order of likelihood) that could impact your business.]Describe the RiskRate theLikelihoodImpactStrategy[Fitness related physical injuriesLikely][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 allnew clients that the business holdto liability for such injuries and they will not sue the business for any claims of compensation if such injury occursClient not showing up for a session and providing no noticeLikelyMediumMessage them before the session to confirm they’re still available and aware of time and locationDevelopment of land property is currently onLikelyMedium • Gym currently located in a high potential development zoneEnsure that an alternative locationis found as a backup in case landlord decides to demolishcurrent industrial complex and develop into an office buildingShared carpark with other businesses, clients may be injured or fatal accidents can occur with car collisions, tripping etc.Highly unlikelyHighEnsure speed limit signs in carpark, discuss with other businesses sharing same carpark, add measures of protection such as speed humpsAdd 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