Your Fitness Money Coach Podcast
The Your Fitness Money Coach Podcast motivates and teaches you to increase your profits, build wealth, and achieve your dreams while doing what you love. Billy Hofacker is your host and has over 20 years of in the trenches fitness business experience. He is the creator of the Financial Freedom For Health and Fit Pros course. Discover how you can organize your finances, pay down debt, and become financially free so you can achieve all you were destined to be. You’ll hear stories of Fit Pros like you crushing it with their business and finances, interviews with world class fitness business and financial experts, and get tons of motivation and actionable info.
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Why Gym Owners Should Embrace a 'Winter Strategy'
01/07/2025
Why Gym Owners Should Embrace a 'Winter Strategy'
#252: Slow seasons are a reality for most businesses, including gyms. But what if they could be an opportunity instead of a challenge? In this episode, I’m diving into why gym owners should embrace a “Winter Strategy” to make the most of quieter times. You’ll learn how to see slow seasons as a blessing in disguise, creative winter promotions to keep your clients engaged, and how to prepare your business for tax season and Q1 success. Let’s turn the winter slowdown into a time of growth and preparation! What You’ll Learn: How slow seasons can help you work on your business instead of just in it. Creative, actionable ideas for winter promotions to keep your clients engaged. Steps to prepare your business for tax season and a strong Q1. Resources Mentioned: Your Fitness Money Coach Fit Profit Solutions Connect with Me: Website: www.yourfitnessmoneycoach.com Instagram: @BillyHofacker
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The 3 Financial Habits to Nail Before the New Year
12/31/2024
The 3 Financial Habits to Nail Before the New Year
#251: What if you could start 2025 with financial momentum instead of stress? In this episode, I’m sharing the three financial habits that I believe can make all the difference for your finances in the new year. These tips are simple, actionable, and proven to work—even if you’re just getting started. Tune in to learn how to: Get on the same page with your partner using monthly meetings. Take control of your money with a detailed budget. Automate your finances to save time and stay consistent. Let’s make 2025 the year you take your finances to the next level! What You’ll Learn: Why monthly money meetings can transform your finances—and your relationships. A step-by-step guide to creating a budget that works for you. How to automate your finances for consistency and long-term success. Resources Mentioned: Your Fitness Money Coach Fit Profit Solutions Connect with Me: Website: www.yourfitnessmoneycoach.com Instagram: @BillyHofacker
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3 Ways to Stay Financially Fit During the Holidays
12/24/2024
3 Ways to Stay Financially Fit During the Holidays
#250: The holiday season is here, and it’s one of the most challenging times to stay on top of your finances. But don’t worry—I’ve got you covered! In this episode, we’re diving into three simple, actionable strategies to keep your financial fitness in check while still enjoying everything the season has to offer. You’ll learn how to manage cash flow when holiday spending is high, discover budget-friendly ways to show appreciation to your clients, and start setting yourself up for a successful Q1. Let’s make this holiday season one to celebrate—not stress over. What You’ll Learn: How to create a holiday spending budget and avoid post-season debt. Creative, meaningful, and budget-friendly ways to show appreciation to your clients. Three steps to start planning for a successful Q1 while still enjoying the holiday festivities. Resources Mentioned: Your Fitness Money Coach Podcast Archive Fit Profit Solutions Connect with Me: Website: www.yourfitnessmoneycoach.com Instagram: @BillyHofacker
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Your Year in One Word
12/17/2024
Your Year in One Word
#249: As we near the end of 2024, it’s the perfect time to reflect on the journey we’ve taken. In this bite-sized episode, I challenge you to summarize your entire year in just one word. Why one word? Because it cuts through the noise and highlights what truly mattered to you—whether that’s growth, change, resilience, or, in my case, “Plan.” I’ll share the thinking behind my chosen word, “Plan,” and guide you through a simple exercise to find your own. By identifying a single word that encapsulates your year, you’ll gain clarity and set a meaningful intention for the year ahead. Key Takeaways: Discover why honing in on one word can provide powerful clarity. Hear why “Plan” was my word of 2024 and the impact it had on my approach to business and life. Get prompts and ideas to help you find your own word and use it as a compass for the future. Action Step: After listening, choose your one word for the year. Ask yourself what major theme defined 2024 for you. Then, consider how that word can influence your decisions and direction as we head into 2025. Connect with Us:
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5 Lessons Learned in 2024
12/10/2024
5 Lessons Learned in 2024
#248: As the year comes to a close, I’m reflecting on five powerful lessons that shaped my business, mindset, and overall well-being in 2024. These insights go beyond financial strategies—they’re about building a meaningful life and thriving both personally and professionally. Key Takeaways: Enthusiasm Makes Up For A Lot: When you bring genuine energy and passion to what you do, you can overcome skill gaps and turn setbacks into stepping stones. Quote: “Nothing great was ever achieved without enthusiasm.” – Ralph Waldo Emerson It’s OK to Grieve: Acknowledging loss and allowing yourself to feel can fuel long-term resilience. Give yourself permission to slow down, process, and come back stronger. Relationships Rule: Your network, friendships, and mentors matter—both in business and in life. Prioritize people over transactions.Quote: “You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you.” – Dale Carnegie Build a Life: Don’t just focus on building a business—build a life you love. Align your goals, values, and daily habits so that you enjoy the journey, not just the destination. Invest in Yourself: Continuous learning, personal development, and self-care pay off in every area. Whether it’s taking a course, hiring a coach, or improving your health habits, investing in yourself creates lasting returns Quote: “Investing in yourself is the best investment you will ever make.” – Robin Sharma Connect with Us:
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The Power of Gratitude in Business and Life
12/03/2024
The Power of Gratitude in Business and Life
#247: Gratitude isn’t just a seasonal gesture—it’s a life-changing practice that can transform your mindset, relationships, and even your business success. In this episode, I reflect on the power of thankfulness and share practical ways to incorporate gratitude into your daily life. Here’s what you’ll hear: How gratitude shifts your mindset and strengthens your business relationships. My personal journey with thankfulness, including the struggles I’ve faced. Simple but powerful strategies to express gratitude, like hand-written thank-you notes and recognizing your clients. What gratitude means to me on a deeper level, including a reflection on faith with the quote: “A life of gratitude to God for being saved is far more pleasing than a life based on self-righteousness over being good.” – Timothy Keller This episode will leave you inspired to practice gratitude—not just during the holidays, but all year long. Key Quotes: “Feeling gratitude and not expressing it is like wrapping a present and not giving it.” – William Arthur Ward “Recognition is the greatest motivator.” – Mary Kay Ash “It’s not happiness that brings us gratitude. It’s gratitude that brings us happiness.” – Anonymous Action Step: Take a moment this week to express gratitude to one client, colleague, or friend. Connect with Us:
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3 Things To Do Before You Scale
11/26/2024
3 Things To Do Before You Scale
#246: Scaling your business can be thrilling, but it’s not something to rush into. In this episode, I’m sharing 3 critical steps every fitness professional should take before scaling to ensure sustainable success: Follow the Wealth Building Plan (WBS): This 8-step guide helps you decide where to put your next dollar for maximum impact. Focus on One Success First: Most people don’t get rich twice—don’t jump into starting another business before fully optimizing your current one. Get Your Accounts in Order: Having clean books and clear finances is the foundation for scaling. Plus, as a nod to the season, I’ll talk about the importance of gratitude and reflecting on your journey before moving to the next level. Key Takeaways: A clear plan (like the WBS) prevents financial missteps. Scaling isn’t about speed; it’s about strategy. Gratitude keeps you grounded as you grow. Connect with Us:
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🎙️ Bonus: Your Exclusive Black Friday Offer Breakdown
11/25/2024
🎙️ Bonus: Your Exclusive Black Friday Offer Breakdown
#245: In this special bonus episode, I’m revealing all the details of my Black Friday offers—designed specifically for gym owners who want to take their finances to the next level. Here’s what we’re covering: A discount on a powerful mastermind with exclusive bonuses. A one-time Profit Booster Intensive session at a massive discount. Fresh bookkeeping solutions to help you start 2025 strong. Early access to the ‘Plan for Profit’ course with extra resources. A Cyber Monday workshop to kickstart your financial plan for the year. Don’t miss these game-changing opportunities! to grab the full breakdown of each offer. Listen now and get ready to take control of your financial future! Connect with Us:
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What To Do Financially If You're Having a Baby (or any other big change)
11/19/2024
What To Do Financially If You're Having a Baby (or any other big change)
#244: In this episode, we explore how to navigate the financial implications of major life changes, such as having a baby or moving to a new city. Join me as I share practical tips on budgeting, financial planning, and effective communication with your partner to help you thrive during these transitions. Key Points: Budgeting for Change Reevaluate your budget to accommodate new expenses. Set priorities to distinguish between necessary and discretionary spending. Strengthen your emergency fund to cover unexpected costs. Financial Planning Update your financial goals based on your new circumstances. Review and adjust your insurance needs. Maintain contributions to your retirement savings. Communicating with Your Partner Discuss financial expectations openly to reduce stress. Align on spending and saving priorities together. Plan for adjustments as life circumstances evolve. Resources: Connect with Us:
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Managing Money During Slow Seasons in Your Fitness Business
11/12/2024
Managing Money During Slow Seasons in Your Fitness Business
#243: In this episode, we tackle the financial challenges that fitness business owners face during slow seasons. Join me as I share practical strategies for assessing your financial situation, generating revenue, and making smart spending decisions to help you navigate these quieter times successfully. Key Points: Assessing Your Current Financial Situation Review cash flow statements to identify income and expense patterns. Differentiate between fixed and variable costs to find potential savings. Establish a financial buffer for peace of mind during slow months. Strategizing Revenue Generation Diversify income streams with online classes, merchandise, or workshops. Create promotions and discounts to attract new and returning clients. Implement membership retention strategies to maintain steady cash flow. Smart Spending and Budgeting Trim unnecessary expenses by reviewing subscriptions and contracts. Prioritize investments that will yield future revenue growth. Set a realistic budget that reflects the slower months while planning for growth. Resources: Connect with Us:
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3 Essential Year-End Tasks for Fitness Professionals
11/05/2024
3 Essential Year-End Tasks for Fitness Professionals
#242: In this quick episode, I share three must-do tasks to set your fitness business up for a successful new year. By focusing on your finances, tax planning, and goal setting, you’ll make sure you’re ready for what’s next. Tune in for practical, actionable tips to wrap up the year with clarity and confidence. Key Takeaways: Review Financial Performance: Evaluate this year’s revenue, expenses, and cash flow. Identify trends to inform your strategy for next year. Plan for Taxes: Save on taxes by making strategic last-minute deductions, contributions, or business investments. Set Business Goals: Define 2-3 specific goals for growth in the new year based on this year’s performance and insights. Listen Now:
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From Gym Owner to a $950K Exit: Daniel Meng's Journey
10/29/2024
From Gym Owner to a $950K Exit: Daniel Meng's Journey
#241: In this episode, Billy Hofacker interviews Daniel Meng, a former gym owner who sold his gym for $900K ($950K with interest). Daniel shares his inspiring journey—from his days as a college baseball player to becoming a personal trainer for celebrities like Kenny Chesney and eventually running and selling a successful fitness business. Topics covered: Transitioning from a private to a semi-private training facility Key strategies for gym owners at different stages: those starting out and those ready to sell The importance of systems, financials, and simplicity for a smooth exit What adds value to gym evaluations and what detracts from it How Daniel used a broker and tips for a seamless selling process The impact of surrounding yourself with the right people Whether you’re planning to sell your gym someday or just want to optimize your business, this episode is packed with insights that can help you run a smarter and more profitable gym. Links and Resources: Connect with Daniel Meng: [email protected]
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Thinking Through Owner's Compensation For Gym Owners
10/21/2024
Thinking Through Owner's Compensation For Gym Owners
#241:In this episode, we explore the often-overlooked topic of how gym owners should compensate themselves. It's not just about taking home a paycheck—it's about creating a strategy that aligns with your personal life goals and sustains your business for the long term. Billy breaks down a practical 4-level system for owner’s compensation, starting small and building up to profit distributions. He also shares key mindset shifts gym owners need to make and how to find the right financial guidance tailored to your unique situation. Key Takeaways: Build Your Business Around Your Life: Start with the vision of what you want your personal life to look like and ensure your business supports that. Adopt a Pay-Yourself-First Mentality: Break through the limiting beliefs that hold you back from paying yourself properly. The 4-Level System: Level 1: Start with something, no matter how small. Level 2: Cover your bare-bones budget. Level 3: Add a little extra for flexibility. Level 4: Include profit distributions. Seek Trusted Guidance: Find a mentor or coach who understands your needs, rather than offering one-size-fits-all advice. Links & Resources:
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Mastering Marketing and Mindset with Vince Gabriele
10/15/2024
Mastering Marketing and Mindset with Vince Gabriele
#240: In this episode, I sit down with fitness business coach Vince Gabriele, a seasoned expert in the industry with over 20 years of experience. We cover crucial aspects of owning a fitness business, from effective marketing strategies to the importance of being “obsessed” with your customers. Key Topics Discussed: Knowing Your Customers: Vince shares why being genuinely invested in your clients is a game changer for business success. He explains how to do so with his “spotting” technique. Revenue Diversification: We explore the right timing for diversifying revenue streams and how it can affect long-term stability and growth. From Consumption to Production: Discover Vince's perspective on not just consuming content but using it to create something unique for your business. Living in Reality: Vince emphasizes that successful owners must maintain a grounded view of their business situation to avoid common pitfalls. The Psychology of Ownership: We discuss how the mindset of an owner can sometimes create obstacles, referred to as "chokeholds," and how to overcome these mental blocks. Marketing Case Study: We also share some fun moments discussing Vince's experiences with Brazilian Jiu-Jitsu (BJJ) and how he would market himself, given his experience. Tune in for a blend of practical advice and engaging stories that can help you take your fitness business to the next level! Important links: Book a
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Profit vs. Cash Flow—Why Gym Owners Need Both to Succeed!
10/08/2024
Profit vs. Cash Flow—Why Gym Owners Need Both to Succeed!
#239: In this episode, we dive into the crucial relationship between profit and cash flow for gym owners. As a financial coach and fractional CFO, I share insights on why understanding and managing both aspects is critical for long-term success. Whether you're struggling with cash flow or looking to enhance your profit margins, this episode is packed with valuable tips and strategies you can implement right away. What You'll Learn: The critical differences between profit and cash flow and why both matter Tips for managing expenses effectively to improve cash flow Ways to implement tiered membership models for increased revenue Utilizing membership freezes or holds to maintain engagement and revenue The benefits of encouraging clients to use high-automation payment methods Resources Mentioned: Connect with Billy: Website: www. YourFitnessMoneyCoach.com Subscribe & Review: If you enjoyed this episode, please subscribe and leave a review on [Apple Podcasts, Spotify, etc.]. Your feedback helps us reach more gym owners and fitness professionals!
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How Public Speaking Can Transform Your Business (And Your Life)
10/02/2024
How Public Speaking Can Transform Your Business (And Your Life)
#238: In this episode of Your Fitness Money Coach Podcast, I’m sharing how public speaking has completely transformed my fitness business—and how it can do the same for you. Whether you’re an entrepreneur looking to grow your business or just want to improve your communication skills, public speaking can open doors you didn’t even know existed. In this episode, we discuss: My personal journey from speaking rookie to confident presenter The many ways public speaking builds authority and credibility in the fitness industry How improving your communication skills can positively impact your client relationships How public speaking can help you overcome fear, boost confidence, and even create new income streams PLUS, I’m excited to announce that my friend, fitness entrepreneur and world-renowned speaker Todd Durkin, is hosting a FREE webinar to help you master the art of public speaking. If you’ve been wanting to improve your speaking skills or get started on the right foot, you won’t want to miss this! Show Links: Sign up for Todd Durkin’s Listen to for more business and money tips Be sure to check out and register for the starting October 14th! It’s first come first serve!
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The One Decision That Could Make or Break Your Financial Success
09/24/2024
The One Decision That Could Make or Break Your Financial Success
238: Balancing Short-Term Wins With Long-Term Success In this episode of the Your Fitness Money Coach Podcast, we dive into one of the biggest challenges fitness professionals face—deciding between short-term wins and long-term success. Whether you're focused on bringing in cash flow right now or investing in something that could pay off in the future, knowing how to balance the two is key. Here’s what you’ll learn in this episode: How to make decisions based on your current financial situation. When to prioritize immediate cash flow vs. investing in long-term growth. My own experience of deciding whether to take a speaking course for future opportunities. If you're looking for practical advice on growing your business today while securing your financial future, this episode is packed with insights you won’t want to miss. Be sure to check out and register for the starting October 14th!
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My $862,613 Mistake
09/17/2024
My $862,613 Mistake
#237: Calling Robert Kyasaki blunt is an understatement. The author of Rich Dad Poor Dad argues that if 100 people were given 10K, only 4 of them would know what to do with it. In today’s show, I dive into what is suspected would happen with the other 96 and what makes the 4 so different. I also share a story that I’ve never shared before of how I had a chance to find out what would happen if I were a part of this experiment. I talk about the value of actually knowing what you would do with 10K or any sum of money. We go through some different scenarios and what some priorities might be. One of the best (or the best) investments you can make is in yourself. It’s hard to match the return you can get by enhancing your skills and adding more value to people which in turn will improve your cash flow and help you build your wealth and freedom. ===> The is a 7-week Program that helps you with actionable steps on the unique levers that will add profit to your bottom line and cash in your bank account. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a ! P.P.S. Want to read how I completely turned my finances around? Get a .
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5 Personal Financial Metrics to Track
09/10/2024
5 Personal Financial Metrics to Track
#236: Fit Pros are generally good at tracking things. They track sets, reps, and tempo. When it comes to the numbers, not so much. My goal for today’s episode is to simplify what to track on the personal finance side. Peter Drucker said what gets measured gets done. Getting in the habit of tracking things like your net worth and savings rate can do wonders for your progress. It’s similar to your clients tracking their workouts or nutrition. Tune in to learn: What to track How to calculate it How often to track it Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a ! P.P.S. Want to read how I completely turned my finances around? Get a .
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Podcast Your Way To Fitness Business Success - An Interview With Sam Brake Guia
09/03/2024
Podcast Your Way To Fitness Business Success - An Interview With Sam Brake Guia
#235: The Your Fitness Money Coach Podcast was started in August 2020. While it’s been a ton of work, it’s been one of the most rewarding things we’ve done. While starting your own show might be your next move, today we’re talking about a way to leverage the power of podcasts in a way that has even less of a barrier to entry - Being a podcast guest may be one of the best ways to “get your name out.” I’ve been a guest on countless podcasts and overall, they have had a dramatic impact on my business and bottom line. Today’s guest is an expert in this space. is the Co-founder of , a podcast booking agency for health and wellness businesses, and the host of , a podcast that shares interviews with top-tier hosts, insights from podcasting expert, and solo episodes to help you grow your health and wellness podcast. We discuss everything from why podcasting beats posting on social (although you don’t have to stop doing that) to a to getting yourself booked solid. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a ! P.P.S. Want to read how I completely turned my finances around? Get a .
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10 Things Broke Fit Pros Waste Their Money On
08/27/2024
10 Things Broke Fit Pros Waste Their Money On
#234: Today’s show was inspired by an article I saw on MSN. It was about the things Warren Buffet says broke people waste their money on. One of the best strategies to make sure you’re headed in the right direction is to figure out how you can guarantee failure. Once you learn how to guarantee failure, avoid those things at all costs! Check out the show to learn the 10 things you’ll want to be careful you’re not wasting your money on. Some of these things might be robbing you of your future! If you don’t want to take it from me, take it from Warren, one of the greatest investors of all time! Here are some great quotes from Mr. Buffet: “The most important investment you can make is in yourself. That’s how knowledge builds up. Like compound interest.” “I’m not prude about it, but to quite an extent, gambling is a tax on ignorance.” “Do not save what is left after spending, but spend what is left after saving.” Check out By the way, if you want to dive a little deeper and make sure your cash is flowing in the right direction, check out the Plan For Profit Workshop happening on 8/29! Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a ! P.P.S. Want to read how I completely turned my finances around? Get a .
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Using Simple Numbers and Tactics For a Wildly Successful Gym - An Interview with Dan Kleckner
08/20/2024
Using Simple Numbers and Tactics For a Wildly Successful Gym - An Interview with Dan Kleckner
#233: Before you check out the 3 ways to improve cash flow, I wanted to make sure you knew about a special workshop we’re doing on 8/29. What are some simple metrics by which to run your gym? They need to be simple because if they’re not, chances are they won’t get used. In today’s episode, Dam Kleckner and I dive into the important metrics and then some. In addition to the simple numbers by which to run your gym, Dan breaks down a simple formula for generating all the leads you might need. Paid ads are great but you might want to ensure you’re doing these first. Finally, Many owners are confused about when and how to expand their business. After tuning in, you’ll have some clarity around additional locations. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. Are you looking to gain clarity around your finances and a clear path to grow and reach your financial goals? If so, a Fractional CFO might be exactly what you need. If you’d like to discuss how that might look, book a ! P.P.S. Want to read how I completely turned my finances around? Get a . P.P.P.S. Sign up for the
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3 Ways to Improve Cash-flow
08/13/2024
3 Ways to Improve Cash-flow
#232: Before you check out the 3 ways to improve cash flow, I wanted to make sure you knew about a special workshop we’re doing on 8/29. It’s called Plan For Profit and we’ll be doing exactly that! Isn’t that exciting?!? I hope you’ll join us for a time of learning, growing, and improving cash flow! Check out the webpage for the event or You’ll receive the access info as soon as you register! I decided to focus on cash flow for a few reasons. Once, this time of year can be tricky when it comes to cash. It can seem more is flowing out than in and it might even be the case! This is the perfect time to address the issue head-on and plan for profit! Second, it’s overlooked. Many people talk about gross revenue. Some talk about profit. The very best know the “magic is in the margin” and for that reason, they focus on cash. Finally, it’s fun. It’s not about the money itself. Money is not a goal. It’s a tool to do the things you want. For those reasons, check out 3 points to look at when thinking about your cash flow. For a more in-depth look as well as guidance planning for profit, check out the workshop and sign up here Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. If you need help setting up your business to help you “catch up” financially, book a ! It’s closer than you think! P.P.S. If you don’t have clear financial goals and a path to get there,
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What To DO If You’re Behind Financially
08/06/2024
What To DO If You’re Behind Financially
#231: Feeling behind financially isn’t a good feeling. If that’s the case for you, you’re in good company. Most people in this country are NOT prepared for retirement. It’s easy to believe the lie that “it’s too late” or “why bother.” I’m here to tell you that it’s never too late to improve your financial situation. Just like people can build muscle in their nineties, they can make different financial decisions to improve their future. I’m hearing more and more stories about people who accumulated a solid nest egg without taking several decades. I’m not going to lie and say it’s going to be easy but it’s worth it. I know the feeling all too well as I was definitely a late starter. In this episode, I share some exact steps and a framework you can use to get started TODAY! Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. If you need help setting up your business to help you “catch up” financially, book a ! It’s closer than you think! P.P.S. If you don’t have clear financial goals and a path to get there,
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Are you Driving your Future?
07/30/2024
Are you Driving your Future?
#230 Would you rather have hundreds of thousands (maybe millions) of dollars or drive a brand new top-of-the-line car? Well, that choice might be a reality. The average new car payment in the U.S. is now a whopping $735. What could you do with an extra $735 each month? In today’s show, we dive into the actual cost of new (or even used) car payments. I am in no way trying to be the fun police so if driving a fancy car is important to you, do you boo. However, if you’re wondering if there might be a better way to look at cars, these concepts can be powerful. My goal with this content is not to make it one or the other. You can have a car you enjoy AND build your desired future. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. If you are just starting or have been in business for a while but need a reset, book a ! P.P.S. If you don’t have clear financial goals and a path to get there,
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Profit Made Simple
07/23/2024
Profit Made Simple
#231 After over 200 episodes I’m doing something for the first time. I wanted to present to you an interview I did on another podcast. The podcast is called Profit Made Simple and the host is Daniel Henderson. Thankfully, I’ve been on many industry podcasts but I wanted to share this one for 2 reasons. First, Daniel is Australian and I’m from NY so the conversation might be entertaining just because of that.:) Seriously, we are both so passionate about finances as they relate to the fitness business that it created a unique conversation. We tackled topics like: How to go from debt to financial freedom Common financial mistakes you’ll want to avoid Actionable tips to achieve a financially healthy business How to ensure you stay Fitness Business Money Smart Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. If you are just starting or have been in business for a while but need a reset, book a ! P.P.S. If you don’t have clear financial goals and a path to get there,
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How to Pay Yourself as an Owner
07/16/2024
How to Pay Yourself as an Owner
#230 We are talking about an exciting topic, paying yourself! Doesn’t that sound good? Far too many gym owners and Fit Pros are either not paying themselves consistently or not paying themselves enough. Let’s fix that. This episode is a follow-up to # In that show, we discussed: How to systematically pay yourself every month How to determine how much to pay yourself How to give yourself a raise How to balance paying yourself and investing in business growth This installment discusses the bigger issue of adjusting your mindset to ensure you are paying yourself. I’m pumped because I know someone’s life will change as a result of this change. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. If you are just starting or have been in business for a while but need a reset, book a ! P.P.S. If you don’t have clear financial goals and a path to get there,
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Being Humbled to be Exalted - An Interview with Travis Barnes
07/09/2024
Being Humbled to be Exalted - An Interview with Travis Barnes
#229 Travis Barnes spent 10 years behind bars and managed to get out and grow his multi-million dollar company Journey 333 to 5 locations in 5 years. Today, along with Todd Durkin, he’s developing the Impact-X franchise. You do not want to miss this episode as it’s one of the most powerful shows we’ve done. It’s jam-packed with lessons that will improve your life, business, and relationships. We’ve all experienced adversity in our business and lives and if there is one certain thing, it’s that we’ll experience some more. While learning marketing and sales techniques are great, the lessons in this podcast are much more important. Tune in to learn: What Travis can teach us after having “lost” 10 years of his life How he moved through his “dark night of the soul” How to keep an attitude of gratitude regardless of circumstances A sure-fire tactic to improve in ANY area of life We’ll be having Travis back for a second installment but please don’t miss the gems contained in this one! Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. If you are just starting or have been in business for a while but need a reset, book a ! P.P.S. Similar to having a good lawyer, having solid bookkeeping is crucial for long-term success. If you’d like your books taken care of so you can gain clarity and focus on what you’re uniquely good at, book a call at .
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Fit Finances: Setting Smart Goals for Financial Success
07/02/2024
Fit Finances: Setting Smart Goals for Financial Success
#228 Today’s show was inspired by a book I’m reading called Switch by Chip and Dan Heath. Making a positive change isn’t easy but there are some things we can do to help ensure our success. One thing we know is helpful is having clarity on where we want to go. This is worth spending some time thinking about. As Zig Ziglar said, “If you aim at nothing you’ll hit it every time.” Tune in to learn some specific examples of what a clear financial target looks like. Learn how to avoid the most common goal-setting mistakes regarding your dough. We also go through a quick checklist to make sure you’re on track with your financial goal. I hope this content serves as a gentle reminder to pursue a worthy goal and be able to go with the flow with whatever may come your way. Finally, I discuss 3 ways to help ensure you stay on track. Setting a goal is one thing but as it’s been said, you get paid for done! Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. If you are just starting or have been in business for a while but need a reset, book a ! P.P.S. If you don’t have clear financial goals and a path to get there,
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Legal Insights for Gym Owners: An Interview with Matt Becker from Gym Lawyers
06/25/2024
Legal Insights for Gym Owners: An Interview with Matt Becker from Gym Lawyers
#277 Two areas you do not want to ignore as a gym owner are accounting and legal. Good advice in these areas is worth their weight in gold. It’s a prime example of an ounce of prevention being worth a pound of cure. Whether you’ve been in business for a while or are just starting, understanding the difference between different types of business structures can be confusing and overwhelming. For that reason, I brought Matt Becker from Gym Lawyers to answer our questions about all things legal. Just like you shouldn’t ask your dentist to fix your car, don’t ask an unqualified person for legal advice. You’ll want to make sure you are setting things up properly both to protect yourself and to have the highest chance of success. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me ! Listen and grow! Your Financial Coach, Billy P.S. If you are just starting or have been in business for a while but need a reset, book a ! P.S. Similar to having a good lawyer, having solid bookkeeping is crucial for long-term success. If you’d like your books taken care of so you can gain clarity and focus on what you’re uniquely good at, book a call at .
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