Im 18 years old, soon to be 19 and am mad that i am just getting serious but this now.
How much do you guys think it would cost to open a gym in NYC? I live in the Philly suburbs at the moment and am currently in college getting a business degree - I HAVENT LEARNED **** FROM SCHOOL. Everything business wise that i have learned has been from owners of other gyms that ive been in over the years and i can find out even more as i will.
The degree i am getting isnt to open a business anyways...its because i am also considering being a cop but i need 60 college credits (could be any subject).
But here is my dilemma...i can stay in schooll for another 1 1/2 years and become a cop making top pay in the area of 60-85k, chances are more so around 75k AFTER overtime. But its something i will be doing because im afraid of a risk and its the "safe" choice. (My father is a cop and he says DONT BE ONE, but i am almost guarenteed a job)
I can follow my dreams and take a risk. Open my own gym in the city i love (NYC - not manhattan, Queens or Brooklyn). BUT, here is the idea...since my dad is a cop, his friend can get me a job sometime within the next 6 months. So around the age of 19 i can begin working making some decent money and saving while living at home. Now if i save till im 22 (the same age as everyone else is getting out of college) i could have a nice little bank account to purchase gym equipment and the things i need, leaving the potential to get a loan for the actual building. Ill have to start building credit over the next few years aswell. HUGE RISK - but if theres any job i would rather do its be my own boss and own a gym and i was thinking - why am i not even going to TRY to get what i truly want in life?
SO what are you guys thoughts on this???
And more importantly, how much (guesstimate) do you think it would take to open a gym in NYC?