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

Billy Hofacker
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Jan 30, 2024 • 39min

The Struggle to Success -An interview with Michael Benso

#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 topics: How getting distracted after finding success resulted in a lack of growth - He shares an example of how a colleague who didn't get distracted achieved some wild success Hiring too fast - Many things done too fast in business can have negative consequences. Hiring is one of them. Here Michael's take on getting the wrong players on board A quarter million dollar mistake - Towards the end of the show, Michael shares a story of how negligence on the legal/accounting side resulted in a 250K mistake! Important Links: Buzops Michael's on Linkedin Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
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Jan 23, 2024 • 58min

Is There a "More Leads" Button? An Interview with Kyle Henning

#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 injury that happened when he was just 18. Did that stop him? Heck no. Was it always roses and easy to keep a positive mindset? Heck no. This part of the conversation alone is more than worth your time but there's much more. We proceed to discuss some free (you read that right) that will dramatically improve your business with some time and consistency. The end of the conversation is pure gold as well when I ask about the effectiveness of ads. Keep Booked is not your typical agency. Listen and find out why. You'll be better for it! FInd out more at www.KepBooked.com. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
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Jan 16, 2024 • 30min

Financial Mistakes

#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 to burnout, unhappiness, and business failure. I was fortunate enough to be asked to write an article for PFP magazine about where fit pros can underspend as well as overspend. Spending properly can be a bit of an art but over time you can gain confidence over where your dollars are going. In this episode, Tim Lyons joins me to discuss the article. We go through it and dive a bit deeper on some of the points. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
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Jan 9, 2024 • 29min

Working Genius Part 2 with Tim Lyons

#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 required for accomplishing any kind of endeavor. Each of us have two that are considered our true gifts. Two are considered frustrations and the other two are just meh. Knowing where you are strong and where there are gaps, both as an individual and as part of a team, can be helpful in taking things to the next level. Listen in as Tim and I discuss specific examples of results and pairings. We talk about how to use the information to maximize your career and success. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
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Jan 2, 2024 • 16min

Working Genius Part 1 - An Interview with Tim Lyons

#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 of endeavor. Each of us have two that are considered our true gifts. Two are considered frustrations and the other two are just meh. Knowing where you are strong and where there are gaps, both as an individual and as part of a team, can be helpful in taking things to the next level. Listen in as Tim and I discuss the strengths of this model and how it can be used to improve performance and enjoyment. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
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Dec 26, 2023 • 27min

Amplify Your Revenue

#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. Anyway, PFP (Personal Fitness Professional) gave me the option of writing an article helping fit pros improve their finances through maximizing their revenue (i.e. sales) or finding out where over and under spending are occurring. I couldn't decide so I wrote both! In today's episode, my temporary co-host, Tim Lyons, joins me and actually reads the article called Amplify Your Revenue. Included are e effective sales strategies to elevate your fitness business success. We then dive into the key points and go deeper in a way that I couldn't have done in the article alone! Would love to know what you think of both the article and the format! Let me know your biggest takeaway! Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
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Dec 19, 2023 • 40min

What to Delegate and What to Do Yourself

#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 you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
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Dec 12, 2023 • 46min

199. 6 Critical Questions - An Interview with Tim Lyons

"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 wealth of knowledge and will be a repeat guest, today we dive into the 6 critical questions leaders and teams need to ask themselves. Self reflecting can lead to dramatic breakthroughs and in fact, will make or break your success. After following through on the actions from today's show, you'll build the 4 crucial disciplines and: Improve the cohesiveness amongst your team Create extreme clarity Double the effectiveness of your communication Reinforce the most important principles Learn the 6 crucial questions and create a 1-Page document to simplify things and create traction in your business and life! Learn more about Tim Lyons at www.timlyonsconsulting.com Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
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Dec 5, 2023 • 23min

198. Getting Ahead with Financial Systems

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 systems that are guaranteed to help you move forward. Although the ideas have been discussed before, I share some new and fresh perspectives that could give you the edge you need. Specifically, the 3 areas to create systems in are: Expenses Financial reports Budgeting/planning This may not be the most exciting thing to work on but I defy you to find many things with a greater impact on all areas of life. Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.
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Nov 28, 2023 • 56min

197.People, Purpose, and Passion - An Interview with Mary Elaine and Brett Baker

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 of creating 350 jobs for military-affiliated individuals. 🙂 The problems military families face became very real to them and they wanted to do something about it. They took their values and passions which included military families, faith, personal growth, and marriage, and created a company with an amazing culture that practices intentional growth. This conversation is loaded with value. We dove into topics ranging from: When and how to hire an assistant What an assistant can actually do for you The proper way to delegate Best practices when running a family biz (these ideas are helpful for anyone) Tune in to hear a powerful story with many success lessons! Find out more and connect with VAUSA by: Visiting their website Checking them out on Linkedin Downloading 125 delegating ideas Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here! P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.

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