Build Your Wealth Muscle

By Patrick Darby

Growing sales & revenue for Online Health & Fitness Coaches can be a challenge...but converting that business success into wealth can be even harder. This podcast breaks down strategies for Bu... more

· Business

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FAQs about Build Your Wealth Muscle:

How many episodes does Build Your Wealth Muscle have?

The podcast currently has 110 episodes available.

Build Your Wealth Muscle episodes:

February 08, 2023Episode 70: Financial Metrics for Nutrition Coaches with Steve Kopshaw
For over 15 years, Steve Kopshaw, has helped businesses grow their customer bases and developed the infrastructure needed for them to thrive. He is an accomplished entrepreneur and business leader who has a long history of success in transforming struggling operations into profitable ventures. He is the current COO of Nutritional Coaching Institute.
Nutrition Coaches have the power to improve people's lives through healthy eating and lifestyle choices. However, setting up a successful business as a nutrition coach can be tricky, especially when it comes to finances. In this episode, we will explore the financial metrics for Nutrition Coaches with Steve.
Episode Highlights:
Why you need to understand Cash Management

3 Components of Profit Per Acquisition Formula

How to prepare your business for a recession
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
Links to Steve:
@nci_steve (IG)

@kopshaw (linkedin)

@kopshaw (facebook)

@nutritionalcoachinginstitute (IG)

https://ncicertifications.com/
...more
51min
February 01, 2023Episode 69: BE YOUR OWN CFO
Do you ever wish you had someone to help manage your finances? Being your own CFO is easier than you think! As the Chief Financial Officer (CFO) of your business, it's important to take control of your finances and make sure you are taking the right steps toward achieving financial success. In this episode, we'll discuss how to be your own CFO and provide tips for managing your finances effectively.
Episode Highlights:
What is a Fractional CFO?

The 3 OTHER Financial Roles you need in your business

3 reports you should read each month

2 Non-Financial benefits to CFOs
Links:
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
...more
48min
January 25, 2023Episode 68: HOW TO SAVE ON TAX FILING COSTS for FitPros
As a fitness entrepreneur, you know that managing your finances is a top priority. Filing taxes is an unavoidable part of the process and can be expensive if not done properly. Fortunately, there are ways to save on tax filing costs and ensure that you are staying in compliance with applicable laws. In this episode, we’ll explore how to streamline your tax filing process while reducing your overall costs.
Episode Highlights:
Should you use a Professional Tax Preparer?

What 1099s do you need to bring?

The benefit of filing an extension
Links:
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
...more
40min
January 20, 2023Episode 67: NEW WAYS TO HAVE A TAX-FREE RETIREMENT for FitPros
Fitness entrepreneurs can strive for a tax-free retirement if they take advantage of the new strategies in Secure Act 2.0. Retirement planning is an important part of any entrepreneur's financial journey. This episode will discuss some of the new ways entrepreneurs can plan for their future and aim for a tax-free retirement.
Episode Highlights:
How SEP IRAs just got better

College Saving can now be retirement saving

How to get money out of a 401K PENALTY FREE!
Links:
Email Pat for copy of Budget discussed: [email protected]
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
...more
36min
January 11, 2023Episode 66: BUDGETING FOR UNEVEN CASH FLOWS for FITPROs
For Fitness Entrepreneurs, managing your finances can be a challenge. Cash flow is often uneven and unpredictable, making it difficult to manage budgets accordingly. Knowing the best ways to plan for the future and budget for these uneven cash flows is key to success in being able to manage finances over time. In this episode, we will explore how fitness professionals can use budgeting strategies to manage their finances and anticipate periods of uneven cash flows.
Episode Highlights:
What is a Fixed vs Variable Expense?

2 more ways to the budget that are rarely discussed

What to remove from your Emergency Fund
Links:
Email Pat for copy of Budget discussed: [email protected]
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
...more
50min
January 04, 2023Episode 65: 3 TAX SAVERS THAT CAN NOT WAIT FOR YEAR-END
There are many ways to save on taxes, but some strategies must be addressed at the beginning of the year. In this episode, we will discuss three tax savers to maximize your savings.
Episode Highlights:
What tax tips are NOT time sensitive

3 Tax strategies that you must look into now

1 problem with Sole Proprietorships
Links:
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
...more
39min
December 30, 2022Episode 64: HOW TO PLAN YOUR 2023 BUSINESS GOALS
Setting business goals is an important part of achieving success in business. In order to make sure you are on the right track, it is essential to be proactive and plan ahead. Now is the perfect time to start planning your 2023 business goals. In this episode, I will provide you with a helpful guide on how to set your objectives and create a roadmap to define & measure your progress.
Episode Highlights:
What a Fractional CFO does?

Why Revenue Goals are useless?

How to breakdown your business goals
Links:
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
...more
35min
December 21, 2022Episode 63: 3 WAYS TO ORGANIZE YOUR MONEY for the NEW YEAR
The start of a new year is the perfect time to refocus and get your finances in order. With the right strategies and dedication, you can put yourself on track to achieve your financial goals. Here are three ways to organize your money for the New Year that will help you save more and spend smarter. These tips can help you have a financially successful 2023.
Episode Highlights:
How to Separate your personal expenses

How to divide up your Business Revenue & expenses

When to look for an Accountant
Links:
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders
...more
42min
December 14, 2022 Episode 62: REDUCING CLIENT CHECK-IN TIMES with ZACH MOBIUS
Zach Mobius is the Founder of Duxata - software for fitness coaches who want to sell once and get paid for life. It helps coaches consistently grow revenue through improved client retention and referral generation.
In today’s fast-paced world, it is essential for businesses to find ways to ensure their clients have a smooth and efficient experience. One way of doing this is by reducing client check-in times. This episode will discuss the various strategies businesses can use to minimize client check-in times, as well as explore how these strategies can benefit both the business and the customer. Tune in to find out more!

Links:
https://duxata.com/
@zachmobius
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders

...more
51min
December 08, 2022Episode 61: 5 CRITICAL YEAR-END TAX DECISIONS for FitPros
As the end of the year approaches, fitness professionals should be aware of the various tax decisions that need to be made in order to stay on top of their taxes. With several potential strategies for making the most out of any given tax situation, it can be difficult to know which ones are the most critical. This episode will provide an overview of five key decisions that fitness professionals should consider when preparing for the upcoming year-end taxes.
Episode Highlights:
5 Year-End tax decisions due before December 31st

Why the SEP IRA is overused

The big reason I get in arguments with CPAs
Links:
Map How Your Money Flows: Map My Money
Save Taxes in your business: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
Weekly Tax Tips & Deadline Reminders: Get Tax Reminders

#taxes #finance #yearendtax
...more
41min

FAQs about Build Your Wealth Muscle:

How many episodes does Build Your Wealth Muscle have?

The podcast currently has 110 episodes available.