Transcript
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    Fit Futures

    2Fit Futures

    Confidentiality Agreement

    The reader of this Business Plan acknowledges that the information provided is

    confidential; therefore, the reader agrees not to disclose it without the express

    written permission of Fit Futures.

    This business plan has been submitted in a confidential basis solely for the benefit of

    selected, highly qualified investors in connection with private placement of the above

    securities.

    It is acknowledged by the reader that information to be furnished in this business

    plan is in all respects confidential in nature, other than information that is in the

    public domain through other means.

    This publication cannot be lent, sold or circulated in part or whole, by means without

    the publishers prior consent.

    Thanking You

    Fit Futures

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    Fit Futures

    3Table of Contents

    Table of Contents ............................................................................................ 3

    List of Tables ................................................................................................... 5

    List of Figures .................................................................................................. 5

    Section 1 Executive Summary................................................................ 6

    1.1 Description of the Business ................................................................... 6

    1.2 The opportunity and Strategy ................................................................ 9

    1.3 DCU Case Study ................................................................................. 10

    1.4 Advantages of the Service ................................................................... 11

    1.5 Funding Requirements ........................................................................ 11

    1.6 Financial Projections ............................................................................ 11

    Section 2 Company Description .............................................................. 11

    2.1 Fit Futures Objectives .......................................................................... 12

    2.2 Background to its development............................................................ 13

    2.3 Reasons why its needed ..................................................................... 14

    Section 3 Market Analysis ................................................................. 16

    3.1 Size of the Target Market .................................................................... 16

    3.2 Market Segmentation ........................................................................... 17

    3.3 Profile of teenage Participant ............................................................... 18

    3.5 Total market valuation ......................................................................... 19

    3.6 Pricing strategy .................................................................................... 19

    3.7 Economic climate ................................................................................. 21

    Profile of competitors ................................................................................. 22

    3.8 New technologies or systems .............................................................. 24

    3.9 Unique features ................................................................................... 24

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    4Section 4 Marketing strategy ................................................................... 25

    4.1 Professional contacts ........................................................................... 25

    4.2 Sales strategy ...................................................................................... 26

    4.3 Social media ........................................................................................ 27

    4.4 Marketing and communication strategy ............................................... 27

    Section 5 Staffing and Operations ......................................................... 28

    5.1 Location ............................................................................................... 28

    5.2 Staffing ................................................................................................ 28

    5.3 Staff induction Guidelines .................................................................... 29

    5.4 Camper Guidelines .............................................................................. 29

    Section 6 Financial Information ............................................................... 31

    6.1 Funding ................................................................................................ 31

    Table 6: 12 month cash flow 2013 ............................................................. 33

    Table 7: 12 month cash flow 2014 ............................................................. 34

    Table 8: 12 month cash flow 2015 ............................................................. 35

    Table 9: Trading and profit/ loss account 2013 .......................................... 36

    Table 10: Trading and Profit/ loss account 2014 ....................................... 37

    Table 11: Trading and profit/ loss account 2015 ........................................ 38

    Table 12: Balance sheet 2013 ....................................................................... 39

    Table 13: Balance Sheet 2014 .................................................................. 40

    Table 14: Balance sheet 2015 ................................................................... 41

    Section 7 Critical Risks and Assumptions ................................................... 42

    S.W.O.T Analysis....................................................................................... 43

    Bibliography .................................................................................................. 45

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    5List of Tables

    Table 1: Financial summary???????????????????? 10

    Table 2: Typical camp day????????????????????.. 14

    Table 3: Costing to run a camp?????????????????.?. 20

    Table 4: 12 month cash flow 2013????????????????.? 32

    Table 5: 12 month cash flow 2014????????????????.? 33

    Table 6: 12 month cash flow 2015?????????????????. 32

    Table 7: Trading and profit/ loss account 2013???????????.... 33

    Table 8: Trading and Profit/ loss account 2014???????????? 34

    Table 9: Trading and profit/ loss account 2015???????????? 35

    Table 10: Trading and Profit/ loss account 2014???????????. 36

    Table 11: Trading and profit/ loss account 2015???????????. 37

    Table 13: Balance Sheet 2014?????????????????...? 39

    Table 14: Balance sheet 2015??????????????????? 40

    List of Figures

    Figure 1: Model of Fit Futures services?????????????.?? 12

    Figure 2: Illustrates complication of childhood obesity??????.??... 17

    Figure 3: Profile of competitors??????????????????... 21

    Figure 4: Direct competitors????????????????????..22

    Figure 5: Target groups?????????????????????? 26

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    6Section 1 Executive Summary

    1.1 Description of the Business

    This proposed business planis for a residential summer camp that will ultimately

    deal with the prevalent obesity levels of youth in Ireland aged 13 to 17. The camp will

    also be open to a wider audience including participants from Europe and even teens

    from the US. The aim of the camp will be to empower teenagers and their families to

    make healthy choices, and reduce the level of harm related to overweight and

    obesity. Fit Futures hopes to achieve this by creating a sustainable environment that

    supports and promotes a physically active lifestyle and a healthy diet which can be

    transferred to the home. Participants of any size or shape are welcome to participate

    in a Fit Futures programme. At Fit Futures the focus is not on what you lose, it is

    about what you gain. Fit Futures hopes participants will leave gaining a broader

    knowledge, with increased self-efficacy and equipped with important skills on

    nutrition, health and fitness to implement into their day to day life.

    The first phase of Fit Futures entails a mobile two day programme for transition year

    students in secondary schools around Ireland. This will allow Fit Futures to create

    awareness of the programme throughout Ireland. It will also examine the need for

    the service and allow sufficient time to develop an effective camp programme to a

    high quality assured standard. This two day programme will include all aspects of the

    Fit Futures camp, supplying the participants with interactive workshops, a lot of food

    for thought and access to more information on the Fit Futures website. Day one will

    consist of learning actively with workshops on

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    7nutrition, health and keeping active. Day two of the programme is the action day

    where students are given creative freedom and the opportunity to implement what

    they have learned in their secondary school or community. This task gives the

    students independence and confidence to manage and lead their own ideas with

    guidance and direction from their Fit Futures mentor. By completing this programme

    Fit Futures will not only impact these teens but the enthusiasm and creative ideas

    implemented by the transition year students will spread throughout their school and

    possibly community.

    There is a serious problem in Ireland with rising levels of obesity amongst teens.

    Irish teens for the first time in history will have a shorter lifespan than their parents,

    according to obesity expert, Dr Maurice Larocque. Up to 327,000 children are either

    obese or overweight and experts have warned that Ireland is heading for a US-style

    epidemic where 33% of children have weight problems.

    This is the crucial reason why a camp of this nature is needed. At the moment

    Ireland does not provide a residential health and fitness service for teens to improve

    their lifestyle. Dr. Maurice warns that publicly-funded healthcare systems like

    Irelands will not be able to pay for care of these young people in years to come. No

    developed country will have such a budget. Ireland has similar overweight and

    obesity figures to Canada, where theyre already spending 40% of the countries

    budget on public healthcare, and this is just the start of the epidemic. As a country

    we must work on prevention and reducing these overweight and obesity levels,

    instead of dealing with complications that accompany obesity down the road.

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    8Fit futures camp will give the campers an opportunity to lose weight if needed,

    become healthy, change their lifestyle and also will be a great place to meet friends

    and just have fun. Fit Futures will work on every aspect of the participants lifestyle;

    involving the family unit, working on self-esteem, confidence, nutrition and exercise

    all through the means of therapeutic recreation.

    Therapeutic Recreation is any programme that provides recreational activities and

    treatments to individuals, with the goal to improve physical, mental and emotional

    wellbeing, helping to reduce stress and anxiety.

    As obesity is a family dynamic, parents and siblings will have a large part in

    communication with the programme and would be encouraged to attend family

    weekend workshops. The after care for the programme will involve an interactive

    online service for participants. Also mid-term camps will be run to help motivate

    teens along their journey and provide them with another week packed full of fun

    workshops and adventures.

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    91.2 The opportunity and Strategy

    Fit Futures residential summer camp is projected to open its doors to the world in

    2013. Participants from Ireland will be targeted within the first two years then

    hopefully Fit Futures can broaden its target market. Teens from Europe and the

    United States will be targeted in 2015 as there is a large number of teens travelling

    to Ireland for camps in relation to learning English, or experiencing Irish heritage. Fit

    Futures camp will provide something unique by embracing different diversities and

    cultures offering everything other camps in the Irish market do, but with an added

    crucial element; that being broadening participants knowledge of health, fitness and

    wellbeing.

    This summer camp will also be open to children with different dietary needs such as

    celiac, lactose intolerant, diabetic, gluten intolerant and many more. The camp will

    give teenagers independence, increasing their self-efficacy, teaching them various

    life skills; from how to prepare and cook a meal; picking vegetables from the camp

    vegetable plot and incorporating them into a lovely nutritious meal, to learning about

    how to stay active in the natural and urban environment around us. Parents can put

    their mind at ease, knowing that we will focus on consumption of the right foods and

    make sure their child is healthy and safe at all times. There is an immense

    opportunity in the Irish market as there is no other residential summer camp in

    Ireland catering towards wellbeing, nutrition and fitness. From my research there is

    an opportunity for the camp to thrive as obesity levels continue to rise in young

    people in Ireland and something needs to be done to combat this.

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    101.3 DCU Case Study

    In 2006 the first four week weight loss programme based in Dublin City University

    was aimed to tackle obesity among a group of 30 participants. This was the first

    initiative of its kind in Ireland but from research I have found out that it never went

    ahead due to lack of numbers. The four-week DCU day camp was to include

    rigorous 12-hour days in which the teenagers had three exercise sessions of 40

    minutes and lessons on nutrition on the college campus. Reasons for cancellation of

    the programme may have included lack of interest due to no advertising or

    promotional strategy or lack of enthusiasm and appeal to teenagers.

    The fact that Fit Futures camp is residential will make it much more effective than an

    intensive day camp approach. Children will be supervised and the programme will

    not just target fitness and nutrition, it will have a camp fun environment, which many

    other weight loss targeted schemes are missing out on. Fit futures understand there

    are a number of causes of an individual becoming overweight or obese and I aim to

    examine all aspects through therapeutic recreation to improve the individuals health.

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    111.4 Advantages of the Service

    I am confident that if Fit Futures services are introduced to the Irish market the rising

    numbers of obese and overweight teens in Ireland will halt or decline. With the

    support and guidance of Fit Futures, children and their families can gain the

    knowledge and tools to help them improve their lifestyle. Fit Futures will support

    families to make realistic changes in their life, little changes that will make a big

    difference in the long run. I want to inspire families to take action now and get fit for

    the future.

    1.5 Funding Requirements

    Fit Futures has researched the possibility of seeking a loan of 30,000 repayable

    over 3 years. At the moment personal investment will be 15,000 and I am

    researching many different funding options. I have not included the Fit Futures

    Mobile Programme Financial information in this Business Plan as start-up costs will

    be minimal and pricing strategy will have to be discussed with the Department of

    Education, the HSE and other possible government funding opportunities.

    1.6 Financial Projections

    Summary of analysis on financial StatementYear 1 Year 2 Year 3

    Sales203,705 307,060 307,060

    Net Profit2,087 13,281 13,969

    Bank3,091 10,929 18,767

    Net Margin1% 4% 5%

    Table 1: Financial summary

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    12Section 2 Company Description

    2.1 Fit Futures Objectives

    Fit Futures will cater for teens 13-17 years of age. Teenagers will stay at camp for

    three weeks during the summer; there is also an option to avail of two additional

    week long mid-term camps also. While at camp, participants will be involved in

    workshops on nutrition, exercise, whilst physically exerting themselves through

    outdoor sports, field sports, and a variety of fun activities. Prior to camp, participants

    will undergo a medical check in order to make sure they are healthy enough to

    undergo a lifestyle change in terms of diet and exercise. Fit Futures believes in on-

    going support and after care with, therefore Fit Futures does not finish after the 3

    week summer camp programme. The participants and their families will be

    encouraged to attend family workshops either at camp or in the community to

    address maintaining the participants new green and sustainable healthy lifestyle.

    Another element to elaborate on is the Fit Futures Transition year programme. This

    programme will be mobile and run in schools around Ireland to introduce the

    concepts of improving ones lifestyle with small realistic changes one can implement

    at home. Fit Futures objective is to increase each participants confidence towards

    making the right choices in terms of nutrition, health and fitness.

    Fit Futures hopes to make long term changes for its participants, therefore it will also

    offer support through an interactive website that provides information such as menu

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    13plans, online support, forums for participants and their families, fitness and nutrition

    tips and much more.

    Model of the Services Fit Futures aims to provide

    Figure 1: Model of Fit Futures services

    2.2 Background to its development

    The founder of fit futures, Sinad Kelly has a vast amount of experience working with

    groups in the outdoors. Sinad is very passionate about working with Therapeutic

    Recreation camps such as Hole in the Wall Association of Camps, e.g. Barretstown

    camp. These experiences have allowed Sinad to witness first-hand the positive

    impact therapeutic recreation camps can have on participants. After completing an

    Honours Degree in Outdoor Education and Leisure Sinad will further her

    qualifications by completing a part time nutrition and personal training course, while

    also working on the Fit Futures business full time. Sinad Kelly has recently won the

    Fit Futures

    Residential

    Camp

    Fit Futures

    Mobile

    Transition

    yearprogramme

    Fit Futures

    Family

    Workshops

    Fit Futures

    Interactive

    Website

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    Fit Futures

    142012 Innovation Awards as part of the Innovation in Business Centre, Castlebar for

    her proposed service; Fit Futures.

    Sinad is a very enthusiastic, determined and motivated individual, who has recently

    completed a 600 mile solo cycle across the UK to Ireland in aid of Barretstown, a

    therapeutic recreation camp that helps rebuild lives affected by childhood cancer.

    2.3 Reasons why its needed

    The youth of today need the opportunity to learn more about health and fitness in

    order to improve their lifestyle and gain independence. Not only are outdoor centres

    and recreation camps a means of physical activity but they provide the opportunity

    for children to grow and develop. I feel that the Irish childhood is lacking what many

    countries have been providing for years and we have not tapped into this. Americans

    for centuries have established summer camps with a variety of activities. The closest

    to this for us would be Outdoor Centres or the Gealtachts. The camp environment

    offers individuals the chance to be equal and the opportunity to face challenges

    directly, work as part of a team, take risks, learn new skills and push their limits in

    new activities, discovering a lot along the way.

    Many of the health problems related to being overweight or obese in childhood will

    appear in the next generation of adults. Fit futures programmes are based on real-

    life solutions, there are no gimmicks; just activities and workshops that supply the

    participants with tools to help them get fit for the future. We hope are participants

    gain the knowledge to make the right choices, learn how to make realistic goals and

    take one step at a time in the right direction.

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    152.4A typical Day at camp includes

    Monday Activity

    7:30am Optional early Bird Activity- morning walk, run, canoe, cycle or yoga.

    9am Breakfast: Healthy nutritious low calorie breakfast provided by camp.

    9:30am Activity session 1- studio session- aerobics, dance, boxercise or Pilates.

    10:30am Lifestyle Workshop- Learn what is in the food we put into your body, how to

    choose healthy alternatives and how to cook nutritious meals in a fun

    interactive workshop.

    11:30am Activity session 2- Tennis, rounders, Field sports, team activities.

    12:30 Lunch Break- healthy nutritious warm meal, followed by chill out time.

    2-3pm Activity session 3- adventure sports activities; canoeing, paddle boards.

    3-3:30pm Break- fruit and water

    3:30-4:30pm Your choice activity- photography, drama, dance, arts and crafts, swimming.

    4:30pm All camp activity- treasure hunt, Camp Tournament

    6-7pm Dinner - healthy warm meal, well balanced.

    7pm All camp fun evening activity such as ceili, talent variety show, fashion show,

    or Quiz.

    9pm Onwards Bedtime depending on age.

    Table 2: A typical day at camp

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    16Section 3 Market Analysis

    The target market for Fit Futures is teenagers ranging in age from 13 to 17 years old.

    I hope to target this market through secondary schools and also parents, with varied

    methods including promotions on Irish food brands, online advertising, a Fit Futures

    website, social networking sites, and the use of many more varied marketing

    strategies in the initial start-up phase.

    3.1 Size of the Target Market

    The residential camp will target teenagers from 13-17 years of age primarily in

    Ireland. Currently there are over 300,000 teens in Ireland who are overweight or

    obese; this is one in five teenagers. Costs for treating obesity in Ireland are

    estimated to be 0.4 billion. Fit Futures will act as a service to treat and prevent

    obesity in Ireland.

    Fit Futures camp will target teens in the republic of Ireland from 2013 onwards. Fit

    Futures will increase the size of its target market by branching out to target teens in

    Northern Ireland and the UK in 2015. With the growth of the business Fit Futures will

    hopefully also target Europe and potentially the US. Fit Futures is opening its camp

    and other programmes to a large market from the outset as it is not just for

    overweight teens or teens with obesity. The above plan is in terms of targeting these

    areas with advertising and promotional campaigns, but if participants from other

    locations show interest they are more than welcome to attend.

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    17This is a niche market that has not been catered for, at the moment a residential

    camp like this does not exist in Ireland. It is evident that there is a lack of services to

    tackle obesity in youth in Ireland and Fit Futures hopes to create this service. There

    is a model internationally which seems to be attractive and popular for this age

    group, one organisation alone called Wellsprings has 15 camps across the US and

    one in the UK where people travel from all over Europe and Ireland to attend, hosting

    up to 250 campers per camp. Other camps researched include More-Life; previously

    known as Carnegie camp which was the first NHS sponsored weight loss camp in

    the UK in 2008. More-Life provides services that aim to give people: more

    confidence, more health, more energy and ultimately, more life which are also the

    goals for Fit Futures camp.

    3.2 Market Segmentation

    Fit Futures market segment is primarily teens aged between 13 and 17 years. I hope

    to increase teens awareness and knowledge of nutrition, health and fitness through

    Fit Futures Programmes. Irelands report, the National Taskforce on obesity noted

    that there are higher levels of obesity and overweight amongst Irish adolescent girls

    than the international average, therefore targeting transition year students in

    secondary schools will allow Fit Futures to successfully reach its target market.

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    183.3 Profile of teenage Participant

    v Aged 13-17

    v In secondary school, may have part time job, but usually dependent on

    parents.

    v May be Irish or international student.

    v May choose fast food options and snack more, with little knowledge on

    nutrition and exercise.

    v Teen who is becoming more sedentary, occupies time on social networking

    sites, playing computer games, watching TV.

    v Family lifestyle may be the same as the childs, consuming processed foods

    and fatty foods.

    v Teens may be at risk to other diseases such as diabetes, high cholesterol,

    breathing abnormalities and asthma to name a few.

    3.4 Source of picture: http://mhealthinsight.com

    Figure 2: Illustrates complication of childhood obesity

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    19When children with obesity become adults, they are more susceptible to the

    conditions mentioned on the previous page, which the government consequently

    have to intervene and pay for. It is important to note that a lot of these diseases can

    be prevented or reversed through a stable change of lifestyle such as participating in

    the Fit Futures programme as it helps individuals to make lasting physical and

    mental health changes for the better.

    3.5 Total market valuation

    Looking at Fit futures organisation and the nature of the venture, the service will be

    targeted towards education, health and fitness. We hope to enter this market through

    the support of the Department of Education, the Department of Health and Children,

    the Health Service Executive and the internet to target the broad market. We will

    also promote and advertise Fit Futures with the use of brochures, posters and with a

    promotional strategy implemented throughout local communities in Ireland.

    3.6 Pricing strategy

    As obesity is a family dynamic the parents and siblings will have a large part in the

    communication with the programme visiting the camp and completing a family

    nutrition and fitness workshop allowing parents to support their child at home. Fit

    Futures residential camp prices its service based on the total cost to provide the

    service and then adds on a flat profit margin to make it worthwhile to be in business.

    The 3 week residential summer camp will cost a participant 1800. The residential

    camp will be three weeks long in order to change bad habits, install new routines and

    ultimately improve the participants lifestyle and knowledge toward health and

    fitness.

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    20Costing for camper Cost

    Food Food was priced by Jemange Catering to cost 10 per person per

    day. Total cost of food for one participant for 3 weeks stay is 300.

    (This will include cost for staff and volunteers so these will be added

    to outgoing daily expenses)

    300

    Accommodation Accommodation will be included at Petersburg and will work out at

    360 per person for 3 weeks. (18 per night)

    360

    Outdoor

    Activities

    Outdoor activities will be run by qualified instructors from

    Petersburg. We will supply participants with 10 half days of outdoor

    activities over the duration of the camp.(26 per day) (outgoing

    expense to Petersburg staff)

    260

    Aerobic Activities Aerobic activities will be run by the Fit Futures personal trainer.

    The fit Future Counselors will also be trained to run physical

    activities with campers. We have worked out that 40% of the cash

    intake will equal the staffs wages.

    (included

    in

    wages)

    Health & fitness

    workshops

    The Counselors will be trained to run fun nutrition and fitness

    workshops by a nutritionist and personal trainer in staff induction. Fit

    Futures Personal trainer will also run these workshops. (Costs for

    fitness equipment and food identified as miscellaneous items in the

    cash flow.)

    150

    All Camp

    entertainment

    and activities

    These will be run by the Fit Futures camp staff. (cost included

    above)

    Additional cost for entertainment materials. This is known as

    miscellaneous items in the cash flow.

    50

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    21

    Table 3: Costing to run a camp

    3.7 Economic climate

    Recent changes in the market include a number of smaller specialised summer

    camps being run around Ireland related to sports, technology, art, the Gealtachts

    and various other disciplines. There is a decline in interest in these due to lower

    incomes in families as a result of the recession. The climate is changing and adults

    dont have the money to be sending their children to all these camps, so you may

    ask why would they send their child to this camp Well Fit Futures offers everything

    the conventional camp offers but much more at a very reasonable price. Fit Futures

    camp is delivering a service that is needed in Ireland and it will be considered an

    investment into each childs future. What makes Fit Futures different is parents can

    be reassured that Fit Futures camp is providing an important and long needed

    service; teens are leaving the camp with changed habits and life skills to implement

    for the future.

    Fit Futures provides participants with:

    - An opportunity to have the all camp experience by living at camp for 3 fun

    packed weeks.

    Wages for Camp Wages for all staff for the 3 weeks comes to- 21,600

    Insurance Insurance to cover all of a Fit Futures camps activities has been

    estimated by keystone Insurance at 500 annually. Per month =

    45

    45

    Total cost per

    camper

    This cost is based on a small profit margin being added to the cost

    of running the camp.

    1800

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    22- Tuition and workshops on nutrition and fitness are included so the participant

    leaves being able to transfer what they learned into their home life and

    continue on their new healthy journey.

    - An interactive website will help individuals achieve high success rates after

    camp.

    Profile of competitors

    Direct Competitors include summer camps already available in Ireland such as the

    Gealtachts, Outdoor Adventure centres, and English language summer camps for

    international participants, or US participants.

    Figure 3: Profile of competitors

    At the moment Ireland does not offer a programme to the public such as Fit Futures.

    Obesity is one of the most important public health challenges facing Ireland. Its

    impact and cost extends to individuals, families, communities, the Health Service

    Executive, and society as a whole. This is a brand new innovative business and a

    Outd

    oorCentres

    8-18 years

    Non Residential

    e.g. Killaryoffers

    11 nights =930

    (85 per day)

    3 weeks-1775

    Gaeltachts

    Languagecamps

    13-18 years

    Languagelessons

    Stay with hostfamily

    Activities & daytrips.

    e.g. MacDonaldcamp

    3 weeks-1,799

    CultureCamps

    10-18 yearsActivities andIrish lessonsthrough Irish

    language

    E.g. Colaiste UiChadian

    3 weeks-900

    13-18 years

    Irish culture andadventure

    camps for USteens

    E.g. AdventureIreland

    3 weeks-2270

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    23programme like this is needed to prevent and reduce obesity figures in Ireland at

    present.

    Other more broad direct competitors include camps in the US and in the UK which

    are very popular. These camps have participants attending their programmes from

    all over Europe. Wellsprings and More life are two examples of these camps,

    Wellsprings originating from the US and More-life established itself as a successful

    camp over 12 years ago. Both camps are very successful at present and have been

    able to branch out to offer a number of different services such as camps for adults

    and younger children, but their core profit stands with the teen summer camp

    programmes as teens have the option to attend up to 9 weeks at camp on their

    summer holidays.

    Figure 4: Direct competitors

    Wellsprings Camp

    11-17 years

    Weightloss programme

    Offer nutrition, sports,personal training &

    activitiesServices under NHS

    Framework

    3 weeks- 4250/ 5097

    (242 per day)

    More-life Camp

    12-24 years

    Longest running residentialweight loss camp in Europe

    Services are under NHSframework

    3 weeks- 2566/ 3077

    (150 per day)

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    Fit Futures

    243.8 New technologies or systems

    Fit futures hopes to down the line also provide a phone application for participants to

    use after camp as extra support for teens at home. The app will be similar to the

    website providing recipes, tips for success, workout plans and supportive messages

    to motivate participants. Fit Futures website will also have a forum for teenagers to

    offer support to each other, menu plans, nutrition and fitness tips, online support,

    podcasts and a calendar of events.

    3.9 Unique features

    Fit Futures will set itself apart from competitors by having this follow-up programme

    online and also by hosting mid-term camps during the school year. Family

    Weekends will also be held to give parents a possible insight into how to support

    their childs healthier change of lifestyle. Fit Futures will elevate awareness of the

    services through promotional strategies and continuous advertising towards the

    target market; teens, parents and the public.

    Fit Futures will be the first camp of this nature to deliver activities through the

    principles of Therapeutic Recreation, focusing on health, nutrition and fitness to

    improve the participants lifestyle whilst also tackling self-esteem, confidence and

    much more.

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    Fit Futures

    25Section 4 Marketing strategy

    4.1 Professional contacts

    On contacting Medical Director Dr Noel McCaffrey who established the DCU

    programme in 2006, I have learned that the camp never took place as there was not

    enough interest and it hasnt happened since. It is unsure what measures they took

    to seek participants. Fit Futures is confident that in the past six years, with a rise in

    obesity levels there is a strong need for this service at present and with the correct

    facilities and camp environment this type of business could thrive with adequate

    advertising, marketing and promotional strategies.

    Fit futures camp has been in contact with Professor Paul Gately, who founded More-

    life, the UKs first weight loss camp to gain an insight into setting up a business like

    this. I have also set up a Fit Futures Focus group survey to gain an insight from

    parents what they would like their teen to get out of this sort of programme.

    Fit Futures has also contacted Petersburg Outdoor Education Centre to propose a

    business venture of combing efforts, amenities and utilising the land they have in

    Clonbur. After meeting with Petersburg twice they are very enthusiastic and would

    like to discuss forming a partnership with Fit

    futures. This partnership means Fit Futures

    can be run out of Petersburg Outdoor

    Education Centre, Clonbur.

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    Fit Futures

    26Petersburg is an ideal location for Fit Futures as it is

    fifty minutes from Galway and Mayo towns.

    Petersburg area consists of 18 acres with a further

    16 acres of an island with an obstacle course on it. I

    am hoping to build a structure to house a

    gymnasium also acting as a hall to host

    entertainments and activities.

    Fit Futures has also been communicating with Clinical Psychologist David Coleman.

    David is well known for his programmes on RTE such as Teens in the Wild and

    Families in Trouble. He has always specialised in working with children, teenagers and

    their families.As Fit Futures service will be a therapeutic recreation camp it would be

    very beneficial to have someone like David Coleman act as Fit Futures Brand

    Ambassador and front the advertising campaign. We have also been discussing

    other possibilities, such as David working with the Fit Futures team at the

    development stage; inputting his knowledge and expertise to help develop the

    programme to a high quality assured standard.

    4.2 Sales strategy

    Fit Futures sales strategy includes direct advertising, Fit Futures Website, Online

    marketing and also advertising through sponsorships with healthy eating brands. Fit

    Futures hopes to connect with sport partnerships such as Mayo Sport Partnership

    and local sports and fitness clubs. Fit Futures is also investigating a marketing

    opportunity through teen magazines.

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    Fit Futures

    27One advertising option would be to offer free consultancy in teen magazines or a

    chance to win membership to Fit Futures for a year online and participation at camp.

    4.3 Social media

    Fit Futures will have an interactive website and Facebook page, advertising what the

    camp is all about and a link to the web page. The Facebook page will also be open

    to questions and comments from parents and teens about Fit Futures and it will also

    act as a forum.

    4.4 Marketing and communication strategy

    The camp is about re-education and an attempt to stem the growing tide of childhood

    obesity. It is predicted that two-thirds of children will be overweight or obese by 2050

    (www.dailymail.co.uk). Hopefully fit futures can change these projections for Ireland

    through raising awareness of the need for pro-action to eradicate the figures of

    obesity through the various methods mentioned previously (online, leaflets,

    brochures and posters).

    Fit Futures will target teens by also targeting their parents; in doctor surgeries, post

    offices, supermarkets places along their daily routines. Fit Futures also plans to

    target the public as I will be looking for volunteer Counselors for the camps.

    Figure 5: Target groups

    Target

    Teens

    Target

    Parents

    Target

    Public

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    Fit Futures

    28

    5.1 Location

    Most fit camp operators rent premises, typically old stately homes surrounded by

    rolling hills. As I have mentioned in the previous section I have been in contact with

    outdoor centres in the hopes of forming a partnership in order to cut start-up costs

    down and share resources making it a mutual beneficial partnership. Petersburg

    OEC looks to be a potential location due to its broad range of amenities, its beautiful

    location and its potential in terms of space to work with. I would be able to offer

    substantial investment for Petersburg by the possible construction of an aesthetically

    and environmentally pleasing outdoor structure with a gymnasium, rock wall and

    studio. Fit Futures camp would be looking for use of kitchen facilities; as a nutritionist

    and kitchen staff will be working with Fit Futures, we would also be requesting

    accommodation for the courses, use of outdoor amenities and adventure activities

    throughout the camp.

    5.2 Staffing

    Camps similar to Fit Futures in the UK tend to operate on a skeleton staff of

    permanent employees, in most cases fewer than five, and hire fitness trainers,

    nutritionists, chefs and, in some cases, alternative therapists on a freelance basis

    which is what I intend to do. The camp business will begin small and hopefully over

    the years grow to a larger camp system providing more support, activities and

    workshops to the public and a mobile service around the country. For start-up, the

    team will consist of me; Sinad Kelly being the main fitness instructor, programme

    developer and instructor for the mobile programme and camp. While camp is not in

    Section 5 Staffing and Operations

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    Fit Futures

    29session I will work on administration and marketing. While camp is in session

    instructors will also have secretarial duties to cut down the costs of hiring two people,

    therefore there will be an overlap of duties to start off until the business gets off the

    ground.

    5.3 Staff induction Guidelines

    All staff and volunteers at Fit Futures will be required to complete a garda vetting

    background check. On site we will provide manual handling, child protection,

    guidelines for sport leaders and counselors, nutrition training and therapeutic

    recreation training.

    5.4 Camper Guidelines

    On applying for camp, a participant will need to complete a medical check with their

    local doctor to ensure they are physically well enough to undergo a change in diet

    and exercise. They will also need to note any prescriptions they have and attain the

    prescribed amount for the period at camp. Parents or Guardians will also have to

    complete a consent form for the participant.

    On arriving at camp they will check in their medication and staff will note what times

    they need to take them, for which they will collect from the nursing office on site.

    The nurse will be required for the first and last day in checking in and out medication

    to parents and then be on call for the rest of camp. Activity Leaders will have first aid

    and will be able to deal with any minor injuries on camp and also responsible for

    writing up an incident form which is explained in the Normal Operating Procedures

    for staff in training.

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    Fit Futures

    305.5 Fit Futures Code of Ethics

    The members of Fit Futures organisation:

    a.) accept, respect and will be responsive to the rich human diversity of our campers,

    families, staff and volunteers.

    b.) recognise and support the concept that a Camp is necessarily a total communitywithin society, with significant impact upon its inhabitants capacity to learn, grow,develop, create, assimilate values and relate to other persons and to the earth.

    In recognising this concept each member of Fit Futures subscribes to this Code. Inaddition, since the organisation has determined that the Camp Director is the primaryperson responsible for actual camping practices, each member shall also requirepersons assuming this responsibility in Fit Futures camps to also subscribe to theCode below.

    1. I shall be truthful and fair in representing Fit Futures by whatever medium ofcommunication.

    2. I shall be truthful and fair in enrolling campers and in my relationship withparticipants and staff.

    3. I shall provide a written enrolment policy for all camper applications includingfees, payment schedules, discounts, dates of arrival and departure, togetherwith a clearly stated refund policy.

    4. I shall inform parents/guardians of my procedures for promptly notifying themin the event that their child is hospitalised or suffers accidental illness.

    5. I shall maintain in professional confidence camper and staff information,observations, or evaluations.6. I shall promptly consult with parents or guardians as to the advisability of

    removing a child from camp, should it be clear that the child is not benefitingfrom the camp experience.

    7. I shall provide each staff member with a written job description and contractincluding period and terms of employment.

    8. I shall strive to be responsive and sensitive to the local community influencedby the presence of Fit Futures.

    9. I shall honour my financial commitments to parents, staff, vendors, andothers.

    10. I shall abide by this Code of Ethics of the Fit Futures Organisation, with theprocedures for the resolution of any disputes under such Code and with anyfinal decision under such procedures.

    Fit Futures Camp Director

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    Fit Futures

    31Section 6 Financial Information

    6.1 Funding

    Seeking funding such as targeting business angels is the next step for this venture.

    A possibility for fit futures is to seek government funding. I also hope to form a link

    with the Health Service Executive to try and get medical-card holders onto the

    programme to prevent having to deal with spiralling numbers of obese adults being

    treated through the health care system. Having a link with the HSE, the Department

    of Education and the Department of Health and Children will also help with

    implementation of the programmes into secondary schools. Businesses or families

    could also sponsor a participant as the cost of camp may be in the region of 1800

    with after care.

    Fit Futures is interested in setting up a relationship with the HSE to form a link with

    already existing schemes and programmes in communities around Ireland such as

    the Fit for Life scheme which is a wide range of services that provides exercise and

    fitness programmes to adults in Ireland. Fit Futures will also be in contact with the

    Department of Education, Health and Children to set up the transition year

    programme for implementation in Secondary Schools by September 2012.

    Fit Futures is looking into sponsorship with local communities to send participants to

    camp such as through An Post or by offering scholarships. Hopefully in the future we

    will be able to establish some sort of grant foundation for families that would benefit

    greatly through this service but are not in a financial position to send their teen to

    camp.

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    Fit Futures

    32Fit Futures is also eligible to apply for Leader Funding which I am in the process of

    applying for. Fit Futures once up and running also hopes to apply for the Social

    Entrepreneur Programme which offers participants mentoring and potential

    investment of up to 200,00 funding. I have also applied for various entrepreneur

    awards in the hopes of gaining access to funding and further business mentoring.

    These awards include the Think outside the Box Awards and the GMIT student

    enterprise awards.

    In the following Pages you will find the Cash Flows for 2013 to 2015, the

    Trading Profit and Loss Accounts and also the Balance Sheets for years 2013

    to 2015.

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    Fit Futures

    33

    Twelve-monthcashflow

    FitFuturesResedentialSummerCamp

    FiscalYe

    arBegins:

    1/13

    Pre-Startup

    EST

    1/13

    2/13

    3/13

    4/13

    5/13

    6/13

    7/13

    8/13

    9/13

    10/13

    11/13

    12/13

    TotalItem

    EST

    Cash&BankonHand(beginningof

    month)

    4,398

    -1,314

    -1,314

    -1,31

    4

    -1,314

    -1,314

    800

    800

    800

    -427

    5,383

    -427

    -427

    a

    n

    e

    ar

    pr

    ay

    un

    u

    ug

    ep

    c

    ov

    ec

    CASHREC

    EIPTS

    CashSales

    54,000

    54,000

    54,000

    5,440

    30,825

    5,440

    203,705

    PersonalInv

    estment

    15,000

    15,000

    Loan

    30,000

    30,000

    TOTALCASHRECEIPTS

    45,000

    0

    0

    0

    0

    0

    54,000

    54,000

    54,000

    5,440

    30,825

    5,440

    0

    248,705

    TotalCash

    Intake(beforecash

    out)

    45,000

    0

    0

    0

    0

    0

    54,000

    54,000

    54,000

    5,440

    30,825

    5,440

    0

    278,705

    CASHPAID

    OUT

    LoyaltyRew

    ard

    0

    Grosswages(exactwithdrawal)

    0

    0

    0

    0

    0

    21,600

    21,600

    21,600

    2,176

    12,330

    2,176

    81,482

    Payrollexpe

    nses(taxes,etc.)

    0

    0

    0

    0

    0

    1,836

    1,836

    1,836

    185

    1,048

    185

    6,926

    OutdoorActivities

    7,800

    7,800

    7,800

    23,400

    Gymnasium

    Equipment

    13,310

    13,310

    Repairs&m

    aintenance

    150

    150

    150

    150

    150

    150

    150

    1,050

    Advertising

    719

    719

    Car,delivery&travel

    500

    500

    500

    50

    500

    50

    2,100

    Accounting

    &legal

    300

    300

    300

    30

    0

    300

    300

    300

    300

    300

    300

    300

    300

    3,600

    Accomodation

    10,800

    10,800

    10,800

    1,152

    5,400

    1,152

    40,104

    Telephone

    20

    20

    20

    2

    0

    20

    20

    20

    20

    20

    20

    20

    20

    240

    Broadband

    30

    30

    30

    3

    0

    30

    30

    30

    30

    30

    30

    30

    30

    360

    Insurance

    500

    500

    Loanrepayments

    964

    964

    964

    96

    4

    964

    964

    964

    964

    964

    964

    964

    964

    11,570

    Foodsupply

    9,000

    9,000

    9,000

    640

    4,500

    640

    32,780

    Defibrillator

    1,199

    1,199

    Miscellaneousitems

    200

    200

    200

    200

    200

    200

    200

    1,400

    SUBTOTAL

    15,728

    1,314

    1,314

    1,314

    1,31

    4

    1,314

    53,200

    53,200

    53,200

    5,867

    25,442

    5,867

    1,664

    220,740

    Capitalpurchase(Building)

    24,874

    24,874

    Owners'Withdrawal

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    TOTALCASHPAIDOUT

    40,602

    1,314

    1,314

    1,314

    1,31

    4

    1,314

    53,200

    53,200

    53,200

    5,867

    25,442

    5,867

    1,664

    245,614

    Cash&BankPosition

    (endofmo

    nth)

    4,398

    -1,314

    -1,314

    -1,314

    -1,31

    4

    -1,314

    800

    800

    800

    -427

    5,383

    -427

    -1,664

    3,091

    OpeningBalance

    0

    4,398

    3,084

    1,770

    45

    5

    -859

    -2,173

    -1,373

    -573

    226

    -201

    5,182

    4,755

    Netcashflow

    4,398

    -1,314

    -1,314

    -1,314

    -1,31

    4

    -1,314

    800

    800

    800

    -427

    5,383

    -427

    -1,664

    ClosingBala

    nce

    4,398

    3,084

    1,770

    455

    -85

    9

    -2,173

    -1,373

    -573

    226

    -201

    5,182

    4,755

    3,091

    Table 6: 12 month cash flow 2013

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    Fit Futures

    34

    Twelv

    e-monthcashflow

    FitFuturesResedentialSummerCa

    mp

    Fisc

    alYearBegins:

    1/14

    Pre-Startup

    EST

    1/14

    2/14

    3/14

    4/14

    5/14

    6/14

    7/14

    8/14

    9/14

    10/14

    11/14

    12/14

    TotalItem

    EST

    Cash&Ban

    konHand(beginningof

    month)

    3,091

    -1,219

    -427

    5,383

    -1,664

    2,167

    -1,664

    800

    800

    800

    -427

    5,383

    -427

    -427

    an

    e

    ar

    pr

    ay

    un

    u

    ug

    ep

    ct

    ov

    ec

    CASHRECE

    IPTS

    CashSales

    5,440

    30,825

    67,090

    54,000

    54,000

    54,000

    5,440

    30,825

    5,440

    307,060

    PersonalInve

    stment

    0

    Loan

    0

    TOTALCAS

    HRECEIPTS

    0

    5,440

    30,825

    0

    67,090

    0

    54,000

    54,000

    54,000

    5,440

    30,825

    5,440

    0

    307,060

    TotalCashAvailable(beforecash

    out)

    0

    5,440

    30,825

    0

    67,090

    0

    54,000

    54,000

    54,000

    5,440

    30,825

    5,440

    0

    307,060

    CASHPAID

    OUT

    LoyaltyReward

    12,000

    12,000

    Grosswages(exactwithdrawal)

    2,176

    12,330

    26,836

    21,600

    21,600

    21,600

    2,176

    12,330

    2,176

    122,824

    Payrollexpen

    ses(taxes,etc.)

    185

    1,048

    2,281

    1,836

    1,836

    1,836

    185

    1,048

    185

    10,440

    OutdoorActivities

    7,800

    7,800

    7,800

    23,400

    GymnasiumE

    quipment

    0

    Repairs&ma

    intenance

    150

    150

    150

    150

    150

    150

    150

    150

    150

    150

    150

    150

    1,800

    Advertising

    719

    719

    Car,delivery

    &travel

    50

    500

    550

    500

    500

    500

    50

    500

    50

    3,200

    Accounting&

    legal

    300

    300

    300

    300

    300

    300

    300

    300

    300

    300

    300

    300

    3,600

    Accomodatio

    n

    1,152

    5,400

    11,952

    10,800

    10,800

    10,800

    1,152

    5,400

    1,152

    58,608

    Telephone

    20

    20

    20

    20

    20

    20

    20

    20

    20

    20

    20

    20

    240

    Broadband

    30

    30

    30

    30

    30

    30

    30

    30

    30

    30

    30

    30

    360

    Insurance

    500

    500

    Loanrepaym

    ents

    964

    964

    964

    964

    964

    964

    964

    964

    964

    964

    964

    964

    11,570

    Foodsupply

    640

    4,500

    9,640

    9,000

    9,000

    9,000

    640

    4,500

    640

    47,560

    Defibrillator

    0

    Miscellaneou

    sitems

    200

    200

    200

    200

    200

    200

    200

    200

    200

    200

    200

    200

    2,400

    SUBTOTAL

    1,219

    5,867

    25,442

    1,664

    64,923

    1,664

    53,200

    53,200

    53,200

    5,867

    25,442

    5,867

    1,664

    299,222

    Capitalpurch

    ase(Building)

    0

    Owners'Withdrawal

    N/A

    N

    /A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    TOTALCAS

    HPAIDOUT

    1,219

    5,867

    25,442

    1,664

    64,923

    1,664

    53,200

    53,200

    53,200

    5,867

    25,442

    5,867

    1,664

    299,222

    Cash&Ban

    kPosition

    (endofmonth)

    -1,219

    -427

    5,383

    -1,664

    2,167

    -1,664

    800

    800

    800

    -427

    5,383

    -427

    -1,664

    7,838

    OpeningBala

    nce

    3,091

    1,871

    1,444

    6,827

    5,163

    7,330

    5,665

    6,465

    7,265

    8,065

    7,638

    13,020

    12,593

    Netcashflow

    -1,219

    -427

    5,383

    -1,664

    2,167

    -1,664

    800

    800

    800

    -427

    5,383

    -427

    -1,664

    ClosingBalan

    ce

    1,871

    1,444

    6,827

    5,163

    7,330

    5,665

    6,465

    7,265

    8,065

    7,638

    13,020

    12,593

    10,929

    Table 7: 12 month cash flow 2014

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    Fit Futures

    35

    Twelve-monthcashflow

    FitFuturesResedentialSummerCamp

    FiscalYearBegins:

    1/15

    Pre-Startup

    EST

    1

    /15

    2/15

    3/15

    4/15

    5/15

    6/15

    7/15

    8/15

    9/15

    10/15

    11/15

    12/15

    TotalItem

    EST

    Cash&Banko

    nHand(beginningof

    month)

    10,929

    -1,219

    -427

    5,383

    -1,664

    2,167

    -1,664

    800

    800

    800

    -427

    5,383

    -427

    -427

    an

    e

    ar

    pr

    ay

    un

    u

    ug

    ep

    ct

    ov

    ec

    CASHRECEIPTS

    CashSales

    5,440

    30,825

    67,090

    54,000

    54,000

    54,000

    5,440

    30,825

    5,440

    307,060

    PersonalInvestm

    ent

    0

    Loan

    0

    TOTALCASHR

    ECEIPTS

    0

    5,440

    30,825

    0

    67,090

    0

    54,000

    54,000

    54,000

    5,440

    30,825

    5,440

    0

    307,060

    TotalCashAvailable(beforecash

    out)

    0

    5,440

    30,825

    0

    67,090

    0

    54,000

    54,000

    54,000

    5,440

    30,825

    5,440

    0

    307,060

    CASHPAIDOU

    T

    LoyaltyReward

    12,000

    12,000

    Grosswages(e

    xactwithdrawal)

    2,176

    12,330

    0

    26,836

    0

    21,600

    21,600

    21,600

    2,176

    12,330

    2,176

    0

    122,824

    Payrollexpenses(taxes,etc.)

    185

    1,048

    0

    2,281

    0

    1,836

    1,836

    1,836

    185

    1,048

    185

    0

    10,440

    OutdoorActivitie

    s

    7,800

    7,800

    7,800

    23,400

    GymnasiumEquipment

    0

    Repairs&maintenance

    150

    150

    150

    150

    150

    150

    150

    150

    150

    150

    150

    150

    1,800

    Advertising

    719

    719

    Car,delivery&travel

    50

    500

    550

    500

    500

    500

    50

    500

    50

    3,200

    Accounting&legal

    300

    300

    300

    300

    300

    300

    300

    300

    300

    300

    300

    300

    3,600

    Accomodation

    1,152

    5,400

    11,952

    10,800

    10,800

    10,800

    1,152

    5,400

    1,152

    58,608

    Telephone

    20

    20

    20

    20

    20

    20

    20

    20

    20

    20

    20

    20

    240

    Broadband

    30

    30

    30

    30

    30

    30

    30

    30

    30

    30

    30

    30

    360

    Insurance

    500

    500

    Loanrepayments

    964

    964

    964

    964

    964

    964

    964

    964

    964

    964

    964

    964

    11,570

    Foodsupply

    640

    4,500

    9,640

    9,000

    9,000

    9,000

    640

    4,500

    640

    47,560

    Defibrillator

    0

    Miscellaneousitems

    200

    200

    200

    200

    200

    200

    200

    200

    200

    200

    200

    200

    2,400

    SUBTOTAL

    1,219

    5,867

    25,442

    1,664

    64,923

    1,664

    53,200

    53,200

    53,200

    5,867

    25,442

    5,867

    1,664

    299,222

    Capitalpurchase(Building)

    0

    Owners'Withdrawal

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    N/A

    TOTALCASHP

    AIDOUT

    1,219

    5,867

    25,442

    1,664

    64,923

    1,664

    53,200

    53,200

    53,200

    5,867

    25,442

    5,867

    1,664

    299,222

    Cash&BankP

    osition

    (endofmonth

    )

    -1,219

    -427

    5,383

    -1,664

    2,167

    -1,664

    800

    800

    800

    -427

    5,383

    -427

    -1,664

    7,838

    OpeningBalance

    10,929

    9,710

    9,283

    14,665

    13,001

    15,168

    13,504

    14,304

    15,103

    15,903

    15,476

    20,859

    20,432

    Netcashflow

    -1,219

    -427

    5,383

    -1,664

    2,167

    -1,664

    800

    800

    800

    -427

    5,383

    -427

    -1,664

    ClosingBalance

    9,710

    9,283

    14,665

    13,001

    15,168

    13,504

    14,304

    15,103

    15,903

    15,476

    20,859

    20,432

    18,767

    Table 8: 12 month cash flow 2015

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    Fit Futures

    36Trading & Profit/Loss account 2013

    Sales (Turnover) 203,705

    Cost of sales 32,780

    Gross profit 170,925

    Less expensesLoyalty Reward 0

    Gross w ages (exact w ithdraw al)81,482

    Payroll expenses (taxes, etc.)6,926

    Outside services23,400

    Repairs & maintenance1,050

    Advertising 719

    Car, delivery & travel 2,100

    Accounting & legal 3,600

    Rent40,104

    Telephone 240

    Broadband 360

    Insurance 500

    Loan interest 1,568

    Depreciation (Building) 2,487

    Depreciation (Equipment) 2,902

    Miscellaneous items 1,400

    Total Expense 168,838

    Net profit 2,087 1%

    Table 9: Trading and profit/ loss account 2013

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    Fit Futures

    37Trading & Profit/Loss account 2014

    Sales (Turnover) 307,060

    Cost of sales 47,560

    Gross profit 259,500

    Less expensesLoyalty Reward 12,000

    Gross w ages (exact w ithdraw al)122,824

    Payroll expenses (taxes, etc.)10,440

    Outside services23,400

    Repairs & maintenance 1,800

    Advertising 719

    Car, delivery & travel 3,200

    Accounting & legal 3,600

    Rent 58,608

    Telephone 240

    Broadband 360

    Insurance500

    Loan interest 1,568

    Depreciation (Building) 2,239

    Depreciation (Equipment) 2,321

    Miscellaneous items 2,400

    Total Expense 246,219

    Net profit 13,281 4%

    Table 10: Trading and Profit/ loss account 2014

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    Fit Futures

    38

    Table 11: Trading and profit/ loss account 2015

    Trading & Profit/Loss account 2015

    Sales (Turnover) 307,060

    Cost of sales 47,560

    Gross profit 259,500

    Less expensesLoyalty Reward 12,000

    Gross w ages (exact w ithdraw al)

    122,824Payroll expenses (taxes, etc.)

    10,440

    Outside services 23,400

    Repairs & maintenance 1,800

    Advertising 719

    Car, delivery & travel 3,200

    Accounting & legal 3,600

    Rent 58,608

    Telephone 240

    Broadband 360

    Insurance 500

    Loan interest 1,568

    Depreciation (Building) 2,015

    Depreciation (Equipment) 1857Miscellaneous 2,400

    Total Expense 245,531

    Net profit 13,969 5%

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    Fit Futures

    39

    Table12: Balance sheet 2013

    Balance sheet as at 31/12/13

    Fixed assests cost acc dep nbvBuilding 24,874 2487.4 22,387

    Equipment 14,509 2901.8 11,607

    39,383 33,994

    Current assetBank 3,091

    Current liabilities 0

    3,091

    37,084

    Financed by

    Loan 19,998

    Personal Investment 15,000Retained profit 2,087

    37,084

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    Fit Futures

    40Balance sheet as at 31/12/14

    Fixed assests cost acc dep nbv

    Building 22,387 2,239 20,148

    Equipment 11,607 2,321 9,286

    33,994 29,434

    Current asset

    Bank 10,929

    Current liabilities 0

    10,929

    40,363

    Financed by

    Loan 9,995Personal Investment 15,000

    Net profit yr1 2,087

    Net profit yr2 13,281

    40,363

    Table 13: Balance Sheet 2014

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    Fit Futures

    41Balance sheet as at 31/12/15

    Fixed assests cost acc dep nbv

    Building 20,148 2,015 18,133

    Equipment 9,286 1,857 7,429

    29,434 25,562

    Current asset

    Bank 18,767

    Current liabilities 0

    18,76744,329

    Financed by

    Loan -7

    Personal Investment 15,000Net profit yr1 2,087

    Net profit yr2 13,281

    Net profit yr3 13,969

    44,329

    Table 14: Balance sheet 2015

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    Fit Futures

    42Section 7 Critical Risks and Assumptions

    Being very passionate about Fit Futures and the services I hope to offer has led to a

    number of different elements being incorporated into Fit futures straight away. This

    may be a downfall if everything is attempted at the same time and each element is

    not addressed appropriately. It will be important to be realistic in terms of what Fit

    Futures service can achieve and I must prioritise what services to introduce now and

    which elements to hold off on and implement down the line.

    Developing on from this is the issue that the camp may be too expensive to start up

    straight away, i.e. if there is not enough funding. In this case priority will go towards

    the mobile transition year programme until awareness arises of the benefit of the

    programme and a capital return on the transition year programme is experienced

    and can be invested into the camp programme.

    As Fit Futures is such an innovative idea and I have never ventured into the

    business world before there may be a lot of hurdles in front of me which I am

    unaware of. I have to remember to be realistic and set S.M.A.R.T goals, ensuring I

    cover every angle of each Fit Futures service. I am very optimistic as I am very

    passionate and confident that this service would have an important and large

    positive social impact on Ireland. I am dedicated and committed to the Business

    venture and I am fully aware that it may change a number of times in order to be

    right for the Irish market.

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    Fit Futures

    43S.W.O.T Analysis

    Strengths

    v As the founder of Fit Futures I believe in going the extra mile and providing a

    service that covers all aspects of wellbeing.

    v Fit Futures will be the only residential summer camp in Ireland of this nature

    that provides much more than the camp experience.

    Weaknesses

    v As Fit Futures does not have property or land at the moment the only realistic

    move is to set up a programme with an already established adventure centre.

    Another option is to acquire an estate from NAMA to work from. There is also

    the possibility of offering the service completely mobile to start with to increase

    funds and form a link with the HSE or Department of Health and Children.

    v There will be high start-up costs for the camp that must be recovered in order

    to make a profit. It may take a while in this economic climate to establish as a

    successful service.

    Opportunities

    v Creating such an innovative business, I will have the opportunity to win a

    market share and gain a large customer basis.

    v There is the opportunity to raise peoples awareness and knowledge of health

    and fitness.

    Threats

    v Economic downturn and slowdowns in market growth. The recession may be

    preventing parents spending a large amount of money on a summer camp

    programme.

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    Fit Futures

    44On reflection after examining the SWOT analysis, it is evident that there is potential

    for this type of business in Ireland. I have learned a lot from generating this business

    plan and I have gained a much greater understanding of the aspects to setting up a

    business. It is my belief that Fit Futures has proven to be a successful business idea

    and has a real prospect for the Irish Market. There is no other business in Ireland

    providing the same service, creating a unique target market. Fit futures target market

    is growing with more and more teens becoming overweight or obese, and an

    additional large number of teens becoming health conscious; providing potential for

    growth of the business. The fact that participants will be saving money in the long

    run by improving their health, lowering future health bills means that Fit Futures

    camps will be a solid investment for all who attend. I will do everything in my power

    to make this business work and to really help all those willing to attend in order to

    improve their health.

    Fit Futures will strive to educate the campers so they can continue to live a healthy

    life outside of camp, with the support of the online service. Fit Futures is ultimately a

    service to help people understand the benefits of a healthy life and to educate them

    in how to achieve this. It is evident from the cash flow documents that there is no

    owners withdrawal showing that this company is simply here to help and provide a

    service that is not available in Ireland at the moment.

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    Fit Futures

    45Bibliography

    - Barron, C., Comiskey, C., Sari, J., 2009, Prevalence rates and comparisons of

    obesity levels in Ireland, British Journal of Nursing, Vol 18, No 1.

    - www.davidcoleman.ie

    - www.dohc.ie

    - www.education.ie

    - Framework for action on obesity, Health Service executive, available at www.hse.ie

    - www.getirelandactive.com

    - Holt, N., et al., 2004. Childrens perceptions of attending a residential weight-loss

    camp in the UK, Blackwell Publishing.

    - Irish Universities Nutrition alliance (2008), National Teens Food Survey, Available

    at http://www.iuna.net

    - www.irishexaminer.com

    - www.irishsportscouncil.ie

    - http://mhealthinsight.com

    - www.more-life.co.uk

    - The National Dairy Council, Take One Small Step for Childrens Diet, Weight and

    Health 2008.

    - ww.publichealth.ie

    - Saksvig, B et al., 2005 Preventing diabetes and obesity in American Indian

    communities: the potential of environmental interventions. Community and

    International Nutrition, the Journal of Nutrition, Vol 135, No 10.

    - schools.healthiergeneration.org

    ll i

    http://www.wellsprings.com/http://www.wellsprings.com/

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