127. The MONEY Episode| with Fitness Business CFO Shawn Hanquist

This may be the episode you NEED to listen to but may not necessarily want to. It can be incredibly overwhelming and frankly scary to look at your bank account and financial statements, especially at this uncertain time. We want to educate you and give you solutions to these specific issues and that's why we have Shawn Hanquist, AKA the Fit CFO. Today, you'll learn how to structure your company from a tax and legal perspective, what is available for you loan-wise at this time, and industry standards of financial practice specifically for online fitness coaches.   Time Stamps:   (0:48) Shawn's Service (3:10) Cash Reserve (5:28) Types of Insurance (7:56) Types of Businesses (LLC, S-CORP, etc) (14:49) Profit First Strategy (20:22) Profit Margins  (21:36) Industry Standards (24:31) Stimulus Package (26:10) Figuring Out Taxes Early (33:20) Tax Rightoffs (37:50) PPP - Small Business Loan (40:40) Forgivable Loans and the Unknown (44:12) Economic Injury Disaster Loan (45:55) Where to Find Shawn ------------- Follow Shawn on Instagram! Financial Black book- https://freefinancialblackbook.com/ ________________________________________ Learn More About Impact Fitness Coaching Academy…. How We've Helped More Than 725 Fitness Coaches, Experts, and Influencers Grow a 5-35k Per Month Online Fitness Business Without Paid Ads, Complicated Funnels, or Even Having a Large Social Media Following For More Info → CLICK HERE ________________________________________ Want 30+ Hours Of Course Content You Can Use To Either Start, or Scale Your Online Coaching Biz Today? - FOR FREE To Access, Join Our Fitness Business Secrets™ Private FB Group and Receive To Join For Free Click → JOIN THE FIT-BIZ SECRETS FB GROUP The Free Mini-Course Includes: [$4,995.00 Value] ✅ How We Generate 300k/ Mo From a Free FB Group ✅ Our Instagram Secrets Masterclass - How To Use IG To Generate 10-30 New Clients Every Month + Grow an Engaged Loyal Following. ✅ What systems, apps, and processes we use in our own business and in the 700+ IFCA client businesses we've helped to structure and streamline. ✅ Our Top 10 Organic Fitness Posts That Have Generated More Than 45,675 Likes, 2,560 Comments, and 1,876 New High-Paying Fitness Clients in our Own 7-Figure Online Fitness Business. ✅ Our Done-For-You Content Calendar 100+ Posting Ideas Guaranteed To Bring You Pre-Sold Leads, Grow Your Following + Create REAL Authority and Connection Online. ✅ How To Craft An Offer That Sells Itself - 5 Keys To an Irresistible "Switch Offer" ✅ Our Objection Handling Masterclass - How To Eliminate "I can't afford it" + "I need to talk to my spouse" To Join For Free Click → JOIN THE FIT-BIZ SECRETS FB GROUP ________________________________________ Join Us at the Next Fit Biz Conference to learn from the Top Fitness Entrepreneurs & Coaches How To Start, Grow, and Scale a Wildly Profitable Fitness Coaching Business! Early-Bird Pricing Now Available! To Learn More About The Next Live Fit-Biz Conference Event → CLICK HERE ________________________________________ GIVEAWAY! Leave a rating + review on iTunes, and Have a Chance To Win a $200 Amazon Gift Card + Special Prizes! Winners Announced Monthly on The Episode. Simply leave a review, and send a screenshot to the Fit Biz Podcast Instagram Page!