Celebrating The Fitness Business Podcast 100 Shows With Profit First Mike Michalowicz
Mike Michalowicz shares the easiest and best way to make profit in your business way back in show 24.
Key points from the interview:
- Stop what’s not working, and start focusing on what is working and amplify that.
- Set up multiple accounts, when money comes in, disperse it in pre-determined percentages.
- Change the way your operating to work within the confines of what money is available for operating expenses – remove the temptation
- Be selective of your clients – not all clients are created equal, look at the ones at that are your best and focus on them. If you have the courage to get rid of your weakest clients, automatically your profits get boosted.
Chantal’s top take-away:
One of my favorite take-aways from this interview was simple –
Set up multiple accounts, when money comes in, disperse it in pre-determined percentages. Sounds easy, but so often, we pile everything into one account and wonder where it all goes. Implementing this one tip dramatically improved how I managed my cash flow.
Chantal worked for 15 years in senior sales and marketing roles in the media industry before transitioning careers. She began as a qualified Personal Trainer and Group Fitness Instructor. Realising she could do more to help the industry, she became a Fitness Business Coach with Active Management. Then in 2015, she became the host of The Fitness Business Podcast. Now with over 262 shows and 500,000 downloads it is one of the world’s top podcasts for fitness business owners, managers and fitpreneurs.
Chantal has interviewed fitness industry leaders including Rick Caro, Bill McBride, Brent Darden, Rasmus Ingerslev, Derek Gallup, Alison Flatley, Mo Hagan, Sarah Robb O’Hagan, Carrie Kepple, Emma Barry.
Fitness industry award winners including Todd Durkin, Krista Popowych, Carol Michaels, Kristen Green.
International authors including Jay Baer, Jeb Blount, Mark Shaefer, Mike Michaelowicz, Michelle Segar.