The Fit Wealth Show

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

We’ve all been to those workplace meetings, where half the time it’s shooting the bull and you feel like you’ll never get that time back. Well in this episode of the Fit CFO Show, I am talking with Tracy Winkler who is an implementer of the Traction based platform EOS, I sit down and talk with Tracy about what it looks like to implement standards in your company. This episode is really going to be geared toward the business owner who is ultimately looking to scale, if this is you, stay tuned. This is the Fit CFO Show!

Clarify, Simplify, and Achieve your Vision.    

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Join the: Fitness Business Financial Blueprint Facebook group 

IG: Fit CFO

IG: Amanda Hanquist

IG: Shawn Hanquist

Tracy Winkler, EOS Implementer 
Delegate and Elevate Worksheet

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

Today on the show we’re talking all things Real Estate. Historically, real estate has been a great investment option not only for rental properties, but especially with the rise of vacation rentals. We are going to break down some of the highlights and not so amazing things when it comes to investment properties otherwise known as the sexy phrase “real estate” investing.

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Join the: Fitness Business Financial Blueprint Facebook group 

IG: Fit CFO
IG: Amanda Hanquist
IG: Shawn Hanquist

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

Today on the show, I’m happy to welcome Amy and Justin Vetters power couple and multi- business owners. This past season Amy earned her procard and was coached by none other than her husband Justin. Do you think you could not only work with but also be coached by your husband? That’s exactly what they did and to the highest degree. Today we’re going to discover just how Amy and Justin were able to achieve pro status both as athletes and in business. This is the Fit CFO Show!

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Join the: Fitness Business Financial Blueprint Facebook group 

IG: Fit CFO

IG: Amanda Hanquist

IG: Shawn Hanquist

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

As tax season is nearing an end, I know a lot of you are probably thinking of how intimidating taxes can seem. In today's episode of the Fit CFO Show, Shawn and I are going to break down some ways to make tax season seem less scary and stressful. This is the Fit CFO Show.

Do you find yourself stuck when it comes to business structure, organization and even taxes, well you’re not alone. Many health and fitness professionals find it easier to avoid these altogether until the feeling of overwhelm comes around again because of tax time. That’s why Fit CFO has created the Financial Blueprint for Fit Pros where you’ll learn all the Do it yourself strategies for your business, this course is perfect for fitpros making less than $10k per month, head over to our website https://www.fitcfo.com/financial-blueprint to learn more.

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Join the: Fitness Business Financial Blueprint Facebook group 

IG: Fit CFO

IG: Amanda Hanquist

IG: Shawn Hanquist

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

Today on the show, this is our most frequently asked question and maybe the one we get wrong most of the time. Who should I hire first and what’s the difference between a W2 employee and an Independent Contractor, sometimes referred to as a 1099. We are breaking down the difference for you today. This is The Fit CFO Show.

Do you find yourself stuck when it comes to business structure, organization and even taxes, well you’re not alone. Many health and fitness professionals find it easier to avoid these altogether until the feeling of overwhelm comes around again because of tax time. That’s why Fit CFO has created the Financial Blueprint for Fit Pros where you’ll learn all the Do it yourself strategies for your business, this course is perfect for fitpros making less than $10k per month, head over to our website https://www.fitcfo.com/financial-blueprint to learn more.

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Join the: Fitness Business Financial Blueprint Facebook group 

IG: Fit CFO

IG: Amanda Hanquist

IG: Shawn Hanquist

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

Today on the show, I’m so happy to welcome Lindsay Vastola, she is reimagining the Fitness Experience and showing you how to avoid the sea of sameness. Lindsey is also a speaker, a Coach and of course a fellow momma. I'm so excited to hear and learn from Lindsey. This is the Fit CFO Show.

Lindsay Vastola, NSCA-CPT, has served as editor for PFP media since 2011 and is now serving on the PFP Advisory Board. She is the founder of Body Project (2007), a custom fitness and lifestyle company headquartered in Robbinsville, New Jersey. As a keynote and wellness program consultant for companies across industries and speaker at industry events including Club Industry, NSCA, Fitness Business Summit and Functional Aging Institute, Lindsay speaks on topics ranging from work-life balance, emotional intelligence, and business-specific topics including increasing sales through email marketing, out-of-the-box marketing strategy, implementing successful business systems and sales strategies that retain lifelong, loyal clients.

Do you find yourself stuck when it comes to business structure, organization and even taxes?

You’re not alone! Many health and fitness professionals find it easier to avoid these altogether until the feeling of overwhelm comes around again because of tax time. That’s why Fit CFO has created the Financial Blueprint for Fit Pros where you’ll learn all the Do it yourself strategies for your business, this course is perfect for fitpros making less than $10k per month, head over to our website https://www.fitcfo.com/financial-blueprint to learn more.

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Join the: Fitness Business Financial Blueprint Facebook group 

IG: Fit CFO

IG: Amanda Hanquist

IG: Shawn Hanquist

IG: Lindsay Vastola

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it in your stories and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

Today on the show, we wanted to give you all the details of one of our most frequently asked questions and that is should I do an LLC or an S-Corp, what about staying a sole proprietor? Why would I do one or the other and what’s the difference between them? This is an information packed episode for you so grab your notes and let’s get to it. This is the Fit CFO Show!

This was an action packed episode, okay maybe not action but a lot of information to sift through. So if you’re just starting out, or making under $500,000 the information is in there, be sure to consult with your professional about your specific situation.

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Join the: Fitness Business Financial Blueprint Facebook group 

IG: Fit CFO

IG: Amanda Hanquist

IG: Shawn Hanquist

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

Today on the show Shawn and I are welcoming Landon Troyer of WealthPlan partners  to talk about life insurance. When it comes to this topic, there’s a lot to dig into from business succession planning, key employee retention strategies, buy-sell funding strategies, or just plan life insurance that’s best suited for you. There’s a lot of not so great information out there when it comes to life insurance, so we thought it would be a great idea to hear it straight from an educated source. This is the Fit CFO Show.

In this episode we breakdown all the different reasons one would need life insurance, for both personal and business. Things like buy sell agreements, key person retention strategies, and ways to fund through life insurance.

We also talked about all the different types of life insurance that exist, and what to watch out for. Have you heard of life insurance banking or be your own bank? We address that too!

To learn more about working with an insurance professional on your life insurance needs?? That is something we can help guide you in the right direction on, so remember if you're a health and fitness entrepreneur, to join our free facebook financial blueprint group, we have a lot of free resources, monthly training and Q&A from a Fit CFO.

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Join the: Fitness Business Financial Blueprint Facebook group 

IG: Fit CFO

IG: Amanda Hanquist

IG: Shawn Hanquist

*this material is for educational purposes only, seek a professional for advice regarding your specific situation

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

We talk all the time about protecting your personal assets from your business by creating an LLC, tax savings by creating an S Corp when necessary, separating your personal finances from your business, but how do encompass this so that we can achieve milestones or goals in our business. That is what we will be breaking down for you on today's episode of The Fit CFO Show.

Knowing where you’re really at and where you want to is arguably the most challenging part of running a business and you can’t create real goals without understanding and knowing this data about your business. Having the ability to track this data will help you develop your goal and therefore your business in achieving its goals. The most important thing to understand as a health and fitness entrepreneur is your margins and KPI’s. There are about 5 main KPI’s you need to be tracking in your business, but the most important one is your Gross profit margin and remember when it comes to your GPM, you can’t outrun a poor one, you can only fix it.

To learn more about how you can begin tracking your data, understanding how to create goals with this data and track your businesses kpis’s head to fitcfo.com or the link in our show notes for the link to our Financial blueprint course that will give you the tools you need to accomplish this on your own, if you want to learn more about working with Fit CFO one on one, meaning you don’t want to have to worry about any of it, head to fitcfo.com/contact, the form will go to me and we will hop on a call and I’ll answer questions about your business and tell you more about Fit CFO. 

Remember if you're a health and fitness entrepreneur, to join our FREE Facebook Financial Blueprint Group, Exclusive to Fit Pros, we have a lot of free resources, monthly training and Q&A from a Fit CFO.

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Join the: Fitness Business Financial Blueprint Facebook group 

IG: Fit CFO

IG: Amanda Hanquist

IG: Shawn Hanquist

Welcome back to The Fit CFO Show, I’m your host Amanda Hanquist and together with my husband Shawn we created this podcast as a way to help you reach your business's financial goals. We will break down common financial myths and mistakes in business and share with you the tools and knowledge to take your business to the next level. Our hope is that you will become financially equipped for success in your business and in turn help our mission to make this world a healthier place. If you get valuable information out of this podcast, we ask that you please share it with your audience and leave us a review so that we can continue to grow and help health and fitness businesses succeed!

The 4th quarter is quickly coming to an end and you are one of two people in these next couple of weeks. You're the hit it home and finish it out strong, OR the, I’ve hustled all year and it’s time to chill before we blaze into the next one.

Either way, this is an important part of the year as a business owner and if you’re not taking advantage of it, you may be missing out on a lot of benefits for your business and yourself personally.

Let's get into the ins and outs of what you need to know for year end tax planning and why, if you’re a business owner, it's important to start thinking of your tax year ending December 31st, instead of April 15th.

The Top 5 tax strategies for Fitness Entrepreneurs

This is The Fit CFO Show!

There are several different tax strategies you can take advantage of to help with your taxable situation, a lot of them however have different phase outs and cut offs, so it’s important to start thinking of your tax season ending 12/31 going forward and not april 15, plus you’ll feel better knowing you’ve got things taken care of ahead of time and these are again reasons why having cash in your profit account will allow you to take advantage of more savings strategies.

As always, this is for educational purposes, seek a professional for your specific situation!

Do you find yourself stuck when it comes to business structure, organization and even taxes, well you’re not alone. Many health and fitness professionals find it easier to avoid these altogether until the feeling of overwhelm comes around again because of tax time. That’s why Fit CFO has created the Financial Blueprint for Fit Pros where you’ll learn all the Do it yourself strategies for your business, this course is perfect for fitpros making less than $10k per month, head over to our website https://www.fitcfo.com/financial-blueprint to learn more.

If you liked this episode, subscribe and turn on notifications so you don’t miss a beat. We’d love it if you’d share this podcast to your Instagram story, facebook page or any of your other social media platforms so that we can help other health and fitness entrepreneurs out there succeed in business. We so appreciate you listening in and until next time, keep your goals high but each step attainable.

Be sure to join the private Fitness Business Financial Blueprint Facebook group exclusive to health and fitness entrepreneurs.

IG: Fit CFO

IG: Amanda Hanquist