Episode description
If financial literacy is key to growing a successful business, why do so many health and fitness professionals shy away from learning it?
Welcome to Profit Made Simple with host Dan Henderson and our special guest, Alex Thomas, who is the President of The Sports Nutrition Association CISSN. In this episode, Dan and Alex pull back the curtain on financial success in the fitness and sports nutrition industry. Discover the critical importance of tax planning and strategic decision-making to build a profitable enterprise. Both Alex and Dan open up about their personal journeys, saving diligently, leveraging client income to build a purposeful property portfolio. Uncover the mindset and principles behind their success and gain insights into building a robust business and a fulfilling life. Press play now for a wealth of wisdom and actionable advice. What you'll take from this episode is a roadmap to financial success in your fitness or nutrition venture.
Our favourite quotable moments:
""There's a responsibility. There is a duty that you need to learn [financial literacy] yourself." - Dan Henderson
"Making money for the sake of money generally is not a great motivator." - Dan Henderson
“Once you've built that [financial] literacy… intentionally delaying gratification sets you up to succeed.” - Alex Thomas
"Because if you don't do [everything] by design, it's going to happen by default.” - Dan Henderson
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Alex Thomas, President and Managing Director of The Sports Nutrition Association, is a seasoned Clinical Accredited Sports Nutritionist and Australian Ambassador of the ISSN. As one of the first qualified CISSN in Australia, he co-created the Metabolic Health Screen. Passionate about elevating Personal Trainers in Applied Sports Nutrition, he focuses on providing legitimate education, qualifications, and insurance for a thriving career in the field.
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.
Disclaimer: This podcast episode provides general information and is not financial advice. Consult with a licensed financial advisor before making any decisions.