Mike Balfour bought a bankrupt squash club in 1992 and transformed it into the world’s largest chain of fitness clubs. With Mike as CEO, Fitness First had 550 clubs in 21 Countries across the world, with 1.5 million members and 20,000 employees.
Fitness First was floated on AIM in 1996 at a valuation of £14 million and went on raise funds a further five times. The company was sold to private equity in 2005 for £835 million.
Mike enjoys the challenge of business and now likes to help people achieve their business dreams as an active Mentor.
The advantage of age is that it comes with experience and that experience can be hugely beneficial to young entrepreneurs starting up.
This is one of the great challenges that most entrepreneurs need to overcome. There are many ways to do this. Getting it right can save you a fortune and make you a fortune.
Every business needs a well thought out and well documented business plan and financial forecasts. I can help you.
Growing your business is full of challenges which is why 99.9% of businesses remain small. I took Fitness First from 5 clubs in 1996 to 550 clubs just 9 years later. Learn how.
If you have these abilities and a product or concept to match, then you
could well make it.
If you've got what it takes and that inner determination to succeed, get in touch.
Email me a brief outline of your business idea and the reasons why it will work and why you think you are the right person/team to make it work.