Lots of us open studios because we’re incredibly passionate about fitness and helping others. Where we may need some help ourselves, however, is managing finances for our business.
We got you! Y’all can learn what you don’t know. A great way to start is with Episode 620, Building Financial Strength with Billy Hofacker. Coach Caroline walks through some basics with this expert fitness money coach, who keeps it real and simple.
Among the top-line takeaways:
- Key metrics to track: entire sales, gross sales, total revenue and cash flow
- Your root beliefs about money: overcoming a negative or fearful mindset
- Reducing expenses thoughtfully: without compromising the client experience
- Paying yourself: a non-negotiable necessity and valuing your worth
- Opening a second location: using a decision-making matrix and managing debt
Plus, catch Billy’s inspiring backstory, which includes a “big, muscular dude with piercings everywhere and tattoos all over his face.” And embrace his no-nonsense philosophy that can prevent bad decisions. Learn more about Billy at yourfitnessmoneycoach.com.
Catch you there.
With grit and gratitude,
Lisé
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