Business plan of a gym in Saudi Arabia Essay Example | Topics and Well Written Essays - 6000 words

Business plan of a gym in Saudi-Arabian Arabia - Essay ExampleSaudi Arabia is a developing nation and provides a huge prospect for new business. though political tempestuousness and men women segregation is a area of concern but the commitment of the government towards new reforms shows a ray of hope. The country is very eager in welcoming foreign investment, which is good news for the investors. Though the new gym may face competition from the existing businesses but it can overcome that hindrance by providing updated equipments and better customer service. To attract more and more customer it can provide or so lucrative introductory offer and some combo offers too. Member should be given higher privileges. customers feedbacks are to be taken regularly and should work on them. In the initial years the company should look more towards attraction and retention of customer and less towards profit.The market of Saudi Arabia was canvas on the basis of the secondary data. A thorough research was make by consulting various journals, books, report and various governmental and nongovernmental websites to have an in-depth knowledge. These sources have helped to track the possible customer segment and analyze the competitors typify in the market. An in-depth study of the political, economical, social, technological, legal and environmental framework of the nation was done to get a undetermined picture of the nation.... Legal requirement for starting a business The legal formalities to be done for starting the business 6. General requirement Overall requirement of the business 7. Operational Plan the twenty-four hours to day operations are highlighted 8. Financial aspect The financial projection of the gym 9. Conclusion slightly recommendation for the new business and its future prospects. Introduction Saudi Arabia is a huge country, well know for its arid deserts and various high lands covering of an area of about 2.15 million km. The overall climatic conditi on is dry and hot with scarce rainfall but some of the south- western and western coastal areas experiences heavy rainfall. Saudi Arabia serves as the world largest reserve for petroleum and exporter as well. Most of its wealth comes from the industrial sector. Oil and petroleum mining contributes about 51% of the GDP whereas service sector contributes about 43% and about 5% is contributed by the agriculture1. Obesity is an area of concern for the whole world. It is affecting all the levels of bon ton and is coined with the name as Global Epidemic. In recent years high rate of child corpulency is observed in the developed countries as well as in developing countries2. Obesity among children and adolescents has fit a public health problem for the Eastern Mediterranean region. With rapid changes in nutrition and urbanisation in the recent times, Saudi Arabia has estimated about 26.6% and 10.6% of the adolescents aged 13-18 years are overweight or telling respectively3. Furthermore the serial cross- sectional assessment carried out in Saudi children and adolescents on Body down Index (BMI) or percentage of fat in the body has confirmed a rising vogue in obesity. Overweight along with obesity among adults especially among 30-60 years is