In this video, Tom talks through the numbers you could spend in a year on running the facility, from rent to toiletries, fire safety certs to admin costs and everything in between.

CrossFit Ireland (Biz) – Costings for Premises from CrossFit Ireland on Vimeo.

Disclaimer: We have left out professional fees as these can be dramatically different depending on who you use and how much preparatory work you do beforehand. You will need a solicitor and an accountant, trust me.

All the numbers in this video are realistic but will move around depending on the premises and how you want to do things in your business. Please use your discretion when interpreting this information, I am no expert but wanted to provide people with an outline. I hope you find this useful and appreciate any comments. – Tom

Now that we’re into year two and have a number of months of accounts behind us we can have regular meetings with our accountant – who aside from being a top notch number cruncher also built a very successful business himself from scratch.

These meetings give us a steer month to month on how we’re progressing and where to focus on.

Our first one revealed that we’d managed to keep our costs down. “In any service business, you’d expect to see a minimum of €100,000 keeping the place open”. It was comforting to know that we hadn’t been reckless with our spending in the first year, as we really didn’t know the full extent of the costs of running the business at the start.

Secondly we were given permission to spend on upgrading the equipment and facilities. This gives us a boost as it allows us to continue bringing the entire place up the standard we want it to be in for you all. We’ve plenty of improvements in the pipeline and will keep you up to date on all the proceedings as they start to happen.

by Tom:

Do you own a business and train with CrossFit Ireland? If so then I want to know what it is you do and how I can get you a great customer. I want to start this all off by asking you to drop in at least ten business cards at reception, we will have envelopes here for you on the notice board all you have to do is pop them into it and I will take care of everything else for you. If you want to bring it to the next stage write me a small note outlining what your ideal customer looks like but cards on their own will be a great start.

Where you are today, right now, was once your dream

This was said to me recently about CrossFit Ireland and where we are. The funny thing about it is that I had forgotten that, getting too caught up in trying to get more done and bring this further. I had forgotten that less than a year ago we had 20 clients and were hanging on by the skin of our teeth. No paint on the walls, no paint on the floor and a list of jobs that went on forever.

Now we are a long way from that point, investing heavily in improving the premises and equipment and arranging a full calendar of events for you all. We always look at new ways to make this better for you all, pushing one another past our comfort zone in the pursuit of the perfect box.

This is one of the funny things about human nature, you are never content. If you told me a year ago we would be here I would of been over the moon, now that I am here I am looking to double the number of CrossFitters that are with us in the Institute. Do you think we can do it?

Take a moment to look at 2010 and where you started, then share your dream to comments.