List 10 financial, digital technology, business and/ or technical skills which you have that will assist to take advantage of your business…

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3.    For those skills which you do not have, list how you could research and develop those skills.


4.    Assume you hope to open a personal lifestyle business providing personal training and dietary advice. You have budgeted for costs totalling $9,000 comprising:


a.    Energy bars $1,000.


b.   Water $2,000.


c.    Tracksuits and t-shirts $1,500.


d.   Running shoes $1,000.


e.    Weights $3,000.


f.     Gym membership $500.


Your research has indicated that next year, the cost of food items is likely to increase by 2% and clothing and footwear will increase by 4%. The cost of fitness equipment will increase by 1.5% but, due to increased competition in the area, the cost to use a gym will decrease by 2%. In addition, the council is planning to introduce a yearly fee of $450 for personal trainers using council facilities such as parks.


How much is it likely to cost you to run the business next year?

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