153 - 3 Ways to Increase Profits in your Business w/ Lauren Schoenfeld

153 - 3 Ways to Increase Profits in your Business w/ Lauren Schoenfeld

Author: Justin Green, CFP® October 17, 2024 Duration: 40:21

In this episode of the Dollars and Dumbbells podcast, host Justin Green, a Certified Financial Planner™️, shares his conversation with Lauren Schoenfeld of Active Core Consulting, a fractional CFO, bookkeeping, sales, and operations coaching business for health and wellness entrepreneurs.

They dive into:

  • Money Mindset
  • The intersection of business & personal finances
  • The levers to increase your profits in your business

And so much more!

Connect with Justin Green⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠Schedule a 1:1 Free Intro Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠FREE Cash Flow Training⁠⁠⁠⁠⁠⁠

Connect with Lauren

activecoreconsulting.com/podcast

00:00 Welcome to Dollars and Dumbbells

00:25 Introducing Lauren Schoenfeld

00:41 Diving into Business Finances

05:47 Money Mindset and Beliefs

10:51 Owner's Pay Roadmap

20:04 Maximizing Profit: Three Key Levers

20:19 Streamlining Expenses: A Deep Dive

21:40 Boosting Revenue: Pricing and Volume Strategies

23:55 Real-World Examples: Studio Owner Take-Home Pay

25:40 The Importance of Paying Yourself

27:12 Advice for Young Entrepreneurs

33:15 Low Ticket vs High Ticket Pricing

39:08 Final Thoughts and Resources


Justin Green, a CERTIFIED FINANCIAL PLANNER™, noticed a gap between the physical wellness online coaches promote and the financial health of their own businesses. That’s the space where Dollars and Dumbbells-Profit and Wealth Tips for Online Health and Fitness Coaches lives. This isn't just generic business advice; it's a focused conversation for creators in the health and fitness space who are ready to move from passion project to sustainable wealth. Justin, drawing from his work at Assist Financial Planning, digs into the specific money decisions coaches face. You’ll hear practical discussions on managing irregular cash flow, structuring your business finances efficiently, and making sense of investing so your profits work for the long term. The podcast unpacks often-overlooked areas like tax strategy, appropriate insurance, and even estate planning, because building a legacy is part of the goal. Through interviews and solo episodes, the content is designed to translate complex financial concepts into actionable steps. Tune in for a straightforward resource that addresses the unique intersection of personal training and personal finance, helping you build a resilient business that supports the life you want.
Author: Language: English Episodes: 100

Dollars and Dumbbells - Profit and Wealth Tips for Online Health and Fitness Coaches
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