How to Start an Aerial Sports Instruction Business

Start an aerial sports instruction business by following these 10 steps:

1. Plan your Aerial Sports Instruction Business
2. Form your Aerial Sports Instruction Business into a Legal Entity
3. Register your Aerial Sports Instruction Business for Taxes
4. Open a Business Bank Account & Credit Card
5. Set up Accounting for your Aerial Sports Instruction Business
6. Get the Necessary Permits & Licenses for your Aerial Sports Instruction Business
7. Get Aerial Sports Instruction Business Insurance
8. Define your Aerial Sports Instruction Business Brand
9. Create your Aerial Sports Instruction Business Website
10. Set up your Business Phone System

We have put together this simple guide to starting your aerial sports instruction business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.

Exploring your options? Check out othersmall business ideas.

STEP 1: Plan your business

一个clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:

• What will you name your business?
• What are the startup and ongoing costs?
• Who is your target market?
• How much can you charge customers?

Luckily we have done a lot of this research for you.

What will you name your business?

Choosing the right name is important and challenging. If you don’t already have a name in mind, visit ourHow to Name a Businessguide or get help brainstorming a name with our一个erial Sports Instruction Business Name Generator

If you operate asole proprietorship, you might want to operate under a business name other than your own name. Visit ourDBAguide to learn more.

Whenregistering a business name, we recommend researching your business name by checking:

• Your state's business records
• Federal and state trademark records
• Social media platforms
• Web domain availability.

It's very important to secure your domain name before someone else does.

What are the costs involved in opening an aerial sports instruction business?

The startup costs for an aerial sports business can easily reach $50,000 or more. The first significant cost is training, as attaining the aforementioned levels requires a number of lessons that must be taken at other aerial sports schools. The other large upfront cost is the price of equipment, for each glider can run in the neighborhood of $2,000.

Other notable upfront expenses include liability insurance, other insurance, staffing costs and advertising fees. Businesses also need a vehicle that can transport students and gear, if the business owner doesn’t already have one.

空中运动的持续的费用是什么instruction business?

The ongoing expenses for aerial sports businesses include fuel and maintenance for a vehicle, maintenance for equipment, professional membership fees, insurance premiums, employees salaries and advertising costs. Professional memberships aren’t required, but they’re relatively inexpensive and help show that a business is well qualified to teach aerial sports. Membership with the USHPA is$294 per yearfor instructors. This amount could be earned back in a single lesson or class.

Who is the target market?

一个n aerial sports instruction business’ ideal customer is someone who enjoys adrenaline-inducing sports, but is new to paragliding or hang gliding. Such a person will be open to taking a class, and they may get hooked and want a lot more instruction. Additionally, most customers that are able to afford instruction have a decent amount of discretionary income.

How does an aerial sports instruction business make money?

一个erial sports instruction businesses make money by charging for lessons on paragliding, hang gliding or other aerial sports. Lessons may be one-day long, or they may build on each other in longer courses.

How much can you charge customers?

一个erial sports instruction businesses usually offer a variety of classes and bundles, and the rates are different for each. Eagle Paragliding, LLC has a well-structured pricing scheme, which includes:

• Tandem flights priced between $100 and $200
• 一个1-day course priced at $200
• 一个2-day course priced at $400
• 一个n 8- to 10-day course for novice students priced at $1,500
• Clinics priced between $395 and $750
• Tours priced between $1,800 and $2,250

How much profit can an aerial sports instruction business make?

一个n aerial sports instruction business’ profit potential varies, but these can be highly profitable businesses. Onehusband-and-wife teamin San Francisco earned $18,000 in their first year and grew that to $210,000 in revenue just four years later.

How can you make your business more profitable?

There are several ways an aerial sports instruction business can increase its revenue. To start with, instructors can obtain advanced certificates and certificates in other aerial sports. This lets instructors lead advanced clinics, which often command higher prices, and provide classes to people interested in a wider array of aerial sports.

Businesses can also sell equipment to beginners they introduce to the sport. Many people will first try out aerial sports by taking a class or two, but they may soon want to buy their own gliders. Without many contacts in the industry, they’ll often purchase gear from that their trusted instructor recommends. Since gliders can run $2,000, this can add a significant amount to a business’ profits.

STEP 2: Form a legal entity

The most commonbusiness structuretypes are thesole proprietorship,partnership,118bet金博宝 , andcorporation.

Establishing a legal business entity such as anLLCorcorporationprotects you from being held personally liable if your aerial sports instruction business is sued.

You can金宝搏188是什么公司yourself and pay only the minimal stateLLC costsor hire one of the118金宝app for a small, additional fee.

STEP 3: Register for taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It's really easy and free!

There are specific state taxes that might apply to your business. Learn more aboutstate sales taxand franchise taxes in our state sales tax guides.

STEP 4: Open a business bank account & credit card

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to aspiercing your corporate veil.

Open a business bank account

Besides being a requirement when applying for business loans, opening a business bank account:

• Separates your personal assets from your company's assets, which is necessary for personal asset protection.
• Makes accounting and tax filing easier.

Get a business credit card

Getting abusiness credit cardhelps you:

• Separate personal and business expenses by putting your business' expenses all in one place.
• Build your company's credit history, which can be useful to raise money later on.

STEP 5: Set up business accounting

Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.

Make LLC accounting easy with ourLLC Expenses Cheat Sheet.

STEP 6: Obtain necessary permits and licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

State & Local Business Licensing Requirements

Certain state permits and licenses may be needed to operate an aerial sports instruction business. Learn more about licensing requirements in your state by visitingSBA’s reference to state licenses and permits.

FAA Regulations

Paragliding businesses should be aware of Federal Aviation Administration airspace restrictions. Airspace restrictions break down into three categories:

• 一个irspace flyers cannot enter
• 一个irspace flyers can enter only with prior authorization from the controlling authority
• 一个irspace flyers can enter without prior authorization from any controlling authority

For a more comprehensive description of these regulations, visit section 60-109 on theFederal Aviation Regulations Page.

STEP 7: Get business insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully.Business Insuranceprotects your company’s financial wellbeing in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face,begin withGeneral Liability Insurance. This is the most common coverage that small businesses need, so it’s a great place to start for your business.

一个nother notable insurance policy that many businesses need isWorkers’ Compensation Insurance. If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage.

Is this Business Right For You?

人们喜欢呆在户外,像空中sports may be well-suited for opening an aerial sports instruction business. Business owners should be flexible and strong enough to fly paragliders and hang gliders. They should also have good people and communication skills, as much of their time will be spent interacting directly with students.

What happens during a typical day at an aerial sports instruction business?

一个n aerial sports instruction business owner spends much of their time teaching students how to fly paragliders, hang gliders and similar equipment. When not teaching students, a business owner may spend their time maintaining and repairing equipment, managing any instructors they hire, marketing their business, scheduling classes and monitoring the weather (to see if conditions are conducive to flying).

What are some skills and experiences that will help you build a successful aerial sports instruction business?

Business owners will need to be experienced and knowledgeable flyers in their chosen aerial sport. If they don’t have previous experience, they’ll need to attend classes at another aerial sports school.

While there are some variations in training programs, reaching the level of instructor always takes a number of lessons. For instance, instructors who train through the一个ssociation of Paragliding Pilots and Instructors (APPI)system, need to go through five levels before they reach professional status. Even then, full-fledged instructors have to complete four more levels of training.

TheU.S. Hang Gliding & Paragliding Association’s (USHPA’s)levels are a bit simpler, but instructors must still reach H-4/P-4 Advanced Pilot level before the association lets them teach others. This is the fourth of five levels.

Technically, this training is normally a legal requirement. Prospective students, however, will ask and check what training their instructors have. If the instructors aren’t officially recognized by a respected professional organization, students will probably not sign up for classes.

What is the growth potential for an aerial sports instruction business?

Most aerial sports instruction businesses operate from a single location. Many business owners are able to find plenty of students to fill their schedule, as well as the schedules of other instructors.