Episode description
Curious how gym owners can achieve financial freedom and better cash flow management for a thriving fitness business? Join us as our guest Billy Hofacker, owner of Your Fitness Money Coach, shares his proven strategies for attaining financial independence in the fitness industry. Discover practical tips that empower you to get rid of debt and optimise your business finances. Tune in now to learn how you can secure a stable financial future while excelling in your fitness business.
Our favourite quotable moments:
“We need to pay ourselves first. If we're not taken care of, then we're not going to be able to take care of anybody else.” - Billy Hofacker
“I like to encourage people to invest; maybe it's paying yourself in investing.” - Billy Hofacker
“I have to give up to go up. What am I going to give in order to get where I want to get?” - Billy Hofacker
“You have to manage your money well. And then once you're doing that, the more you can bring in, the bigger a shovel is, the bigger the hole you could dig.” - Billy Hofacker
Resources:
Instagram - Billy Hofacker
Your Fitness Money Coach Podcast
Instagram - Coach Dan Henderson
Facebook - Coach Dan Henderson
About Guest:
Billy Hofacker, a Distinguished Toastmaster (DTM) and sought-after speaker for industry leaders like Perform Better and the Functional Ageing Institute, is the owner of the successful Total Body Boot Camp and Performance Center in the competitive Long Island, NY market, despite living 1,000 miles away. Having overcome $470,000 in personal debt, Billy is now passionate about helping Fitness Professionals achieve financial success through his book, Fitness Profits, and the leading financial podcast for Fit Pros, Your Fitness Money Coach Podcast.
About Dan:
Dan Henderson, founder of Fitness Profit, is a coach and business consultant who helps fitness owners achieve more freedom, impact, and income. With over a decade of experience in the industry, Dan is a well-respected leader, owning two successful businesses within the space: Momentum 360 gym and Australia's largest fitness conference, Filex. As a published author and entrepreneur, Dan shares his knowledge on the Profit Made Simple podcast, where he interviews industry experts and offers practical advice for growing your fitness business, building your brand, and achieving your goals. Join Dan each week and take your fitness business to new heights with Profit Made Simple.
Related keywords: debt reduction strategies for fitness studios, optimise revenue for fitness business, financial planning for gym owners, long-term financial security for fitness entrepreneurs, financial education for fitness business owners, gym owner retirement planning tips, building a resilient fitness business financially, increase profitability in the fitness industry.