Your Fitness Money Coach Podcast - Helping Gym Owners Build Profitable Businesses

#209: Seran Glanfield from  www.springthree.com brings the fire as we talk about all things boutique fitness studios.  The interview is loaded with actionable steps to help you improve but here are 3 highlights.  We talk about the importance of putting yourself in a position of power where you can make decisions that will serve you best.  Next, we talk about the best practices for fitness business...

#208: I know you're going to enjoy my conversation with Curtis Christopherson.  Curtis used what is now known as house hacking to raise money for his first gym.  He was just 22 years old. As owner of Innovative Fitness, Curtis oversees 16 locations, with a focus on one-on-one and one-on-two! Find out how Curtis packs his gyms with people paying over $800 per month for personal training and keeps t...

#207: Josh Leve oversees the FBA Succeed Conference , the largest virtual fitness business conference in the world.  Josh has fitness industry event planning in his blood as his father and grandfather were both highly involved with IHRSA.  It was a great conversation as we discussed how trainers ranging from newly certified to seasoned pros earning a healthy 6-figure income can benefit from virtua...

#206: Michael is a fitness industry veteran and the Co-founder of Buzops, a software to help gyms automate tasks and enhance member experience.  One of the things I most appreciated about this episode is this. Most people like to talk about their successes and how "great" things are. Here, we do the opposite. While life certainly is good, it's not always great.  Michael and I discuss the following...

#205: Kyle Henning, Managing Partner of Keep Booked and I had one of my favorite conversations in over 200 episodes.  If you listen you will see why.  Many (most) successful people don't really share who they are.  We look at their "perfect" life and business and can't relate. Ours is so messy.  Kyle is a rare gem because he's the opposite.  In the opening of the show, he shares a life changing in...

#204: Much of success in business and life can be traced back to the little things that were done or not done over time.  For example, going a little over budget for one month isn't that big of a deal in the short term. However, going over every month can lead to ruin.  Buying some new equipment for your gym isn't necessarily wrong in and of itself but constantly trying to impress people can lead...

#203: Today is Part 2 of Tim Lyons and I explaining Pat Lencioni's Working Genius model.  Tim is certified and passionate in this model created by Lencioni and worked with him at The Table Group.  Here is a brief overview of Working Genius: Everyone has natural, God-given talents when it comes to work. As it turns out, there are six different types of talents, or geniuses, and each of them is requ...

#202:Today, Tim Lyons and I explain Pat Lencioni's Working Genius model.  Tim is certified in this model created by Lencioni and worked with him at The Table Group.  Here is a brief overview of Working Genius: Everyone has natural, God-given talents when it comes to work. As it turns out, there are six different types of talents, or geniuses, and each of them is required for accomplishing any kind...

#201: I was honored to be asked to write a Feature Article for Personal Fitness Professional's last print issue.  I made a post on Instagram about it saying how it was bittersweet.  You see, I came up in the fitness industry reading articles from experts who would later become my mentors and friends in some cases. I'm "old school" so I enjoy hard copy rather than digital when it comes to reading. ...

#200: This week, Tim Lyons joins me as we look back at 200 episodes of the Your Fitness Money Coach Podcast. Included also is a bite sized segment about what to delegate and what to do yourself.  While there may not be an exact science to answer that question, there are frameworks to think through as you decide how to spend your most valuable asset, your time! Listen to this episode, apply what yo...

"The single biggest advantage is organizational health." That's a quote from Pat Lencioni, founder of the Table Group and bestselling author of books like The Five Dysfunctions of a Team and The Advantage. On today's show I have Tim Lyons who specializes in organizational health and leadership.  He's worked closely and is friends with Pat Lencioni. How's that for a "name drop?" While Time is a wea...

A quote I'm constantly drawn to is when James Clear said, "You do not rise to the level of your goals. You fall to the level of your systems." One important note about "systems" is that they're not necessarily one and done.  There is tremendous long-term value in revisiting how you do things and striving to make them just a bit better.  In today's bite-sized show, we are diving into financial syst...

Mary Elaine and Brett Baker are the co-founders of VAUSA, a virtual assisting company.  Brett spent 13 years as an Army Ranger doing multiple deployments.  To say this was putting stress on the family would be an understatement. By the 5th year, the burnout was real and he realized he wasn't "showing up" like he wanted.  So, they did what anyone would do. They started a company with a wild vision...

Contrary to popular belief, building wealth is actually pretty simple.  Like fitness, we are led to believe that the formula to success is complex.  After studying both arenas for decades, there is no complicated path that is needed.  High level athletes and high net worth individuals don't get a secret key with a secret formula to excel when they reach a certain level.  On today's bite-sized show...

There aren't many things in life that are guaranteed but one thing is for certain and that's change.  It seems like some of the most important life skills (e.g. listening) have the least amount of training. Change is one of them.  For that reason, you're in for a treat today as we do a deep dive into change.  My guest, Tim Rhode, author of Changing Lanes, and I discuss this crucial topic.  Sometim...

When you distill it down, finances are pretty simple. You can: Make more (This is the one most people focus on) Spend less Invest more Create assets (related to number one) Spending less often is the simplest and most impactful.  While spending less isn't always the answer and has its downsides, there are some areas that business (gym) owners commonly overspend on.  Listen in to today's show and d...

Today on the show I have a direct "competitor" of my gym in NY.  Kwangsoo Kim is a great guy and owner of Massapequa Fit Body Boot Camp.  I wanted to have Kwangsoo on the show because I know his story will inspire you.  He made a huge shift a few years ago when he went from working on Wall Street in Manhattan to starting his own club.  As they say, timing is everything. He opened his doors in Janu...

Everyone needs a budget. I know. I know. You've heard me say this before but it's true.  Some people make the mistake of thinking they'll start telling their money where to go once they have more. That attitude is akin to the person who says they'll get in shape and then hire a fitness coach. It doesn't work that way.  Other than making a case for budgeting, we'll go over some specific strategies...

Jason Elkins is the founder of The 100 Cups Academy and 100 Cups Consulting.  In today's interview we discuss the idea that you are just one relationship away from massive opportunity.  Just like with money, those who find success in business (or anything else) are the tortoise rather than the hare.  When you develop your business through the power of relationships, an economic downturn or change...

I recently had a great podcast guest, Dr. Thom Golden.  As I do with all guests, I asked him for his top book recommendations.  Since Thom has a great business with great values, I decided to read both of his recommendations.  The first was one I had heard a lot about, The Gap and The Gain by Dan Sullivan and Dr. Benjamin Hardy.  The book did not disappoint. Oftentimes, I go into a book, pridefull...

Today, I have one of the leaders and truly "Good Guys" in the fitness industry.  Dan Ritchie brings a wealth of experience. After achieving a PHD from Purdue University, he opened Miracles Fitness which he ran with his partner Cody Sipe for over 15 years before selling it.  He then poured his attention into building the Functional Aging Institute, also with his partner Cody.  They recently sold th...

There are 2 common mistakes gym owners make when it comes to money.  The first is that they make random decisions that don't line up with the bigger picture.  They wind up frustrated because they have no filter or system to make money decisions.  The other mistake seems better but can be just as bad.  Since they have no real grasp on accounting, they don't make any decisions. They just sort of loc...

Today we have a meaningful conversation with my wife of 15 years, Melissa Hofacker. We sat down and talked all things, money and marriage.  Getting on the same page with their spouse has been one of the most game-changing things for my clients.  Doing so will lead to the 3Hs (hope, happiness, and health).  Part of the steps toward the 3Hs is communication and finances.  After diving into wires and...

Last week we had Dr. Thom Golden on as we started a conversation on college admissions.  Today is Part 2 where we get into the nitty gritty.  It might seem like college has gotten so expensive and is getting out of reach or "not worth it."  While even Dr. Thom shares that it's an individual decision, there is more upside to the equation.  Find out about the "best price" of college which is differe...

I wanted to have Dr. Thom Golden on the show for 2 reasons.  One, he is a great leader and there is a ton we can learn about building a successful business. Here are some of the things you'll learn on that front: The most important question to ask yourself as your business grows The mindset shift needed to go from chasing money to having all the money you'll need The secret to business breakthroug...