Small Business – LIVETHEFUEL

160: Taekwondo, Transparency, Authenticity with Stephanie Scheller

Scott Mulvaney — Fri, 16 Mar 2018 15:00:00 +0000

Today’s Authenticity Co-Host, Speaker, Author, Entrepreneur, Coach, Black Belt, and Trainer:

Stephanie Scheller may be young but she is an accomplished speaker and has worked with more than 600 businesses and thousands of individuals on their sales, marketing, and systems in the past five years! She is a TEDx speaker, a Forbes 30 under 30 nominee, a two-time best-selling author, an entrepreneur, a coach and a trainer and dedicated to teaching the same skills that allowed her to build a business from scratch and walk away from her job in less than five months. Please join me in a warm welcome for Ms. Stephanie Scheller!

On This Episode You Will Hear:

[spp-timestamp time=”00:30″] Introduction
[spp-timestamp time=”01:10″] Geeking out on microphone technology.
[spp-timestamp time=”01:05:50″] Final Words

Whatever you do, do it with passion! – Quoted by Stephanie Scheller

[spp-tweet tweet=”Passion Creates Action & Action Creates Results! @SuccessSteph “]

Watch On YouTube:

Links and Resources:

People Mentioned:

Isagenix

Final Words:

The difference was the passion. She was passionate about what she was doing with small business owners. She cared about helping them out.

Whatever you do, do it with passion!

Passion Creates Action & Action Creates Results!

Action Steps:

Please Subscribe and Submit an iTunes Show Rating & Review. The more reviews, the more people can find us. We love 5 Stars too!
Join our private Facebook Group community called THE FUEL TANK.
Visit our Resources page and a reminder to LIVE-THE-FUEL my friends!

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049: Saving Gyms Profit First with Shannon Simmons

Scott Mulvaney — Mon, 13 Feb 2017 17:00:00 +0000

Profit First for Gyms and Fitness

This episode is a referral from Mike Michalowicz author of the Profit First book refers us one of his earlier adopters of the system. Shannon Simmons is one of the earliest Profit First Professionals and is here to help save gyms, fitness professionals and more.

On This Episode You Will Hear:

[spp-timestamp time=”01:54″] How Shannon stumbled across helping Gym and Fitness centers with their accounting as a niche.
[spp-timestamp time=”04:27″] How Shannon made the transition into this niche.
[spp-timestamp time=”06:31″] Shannon was one of the first members of the P.F. Professionals. She had been doing Virtual Bookkeeping for ten years before the book came out. There were so many Entrepreneurs she wanted to help but with all the accounting jargon she knew Entrepreneurs would not relate. That is the biggest thing she likes about the system, is it was written by an Entrepreneur for an Entrepreneur, so they can relate.
[spp-timestamp time=”09:03″] You have to face reality and know where your business is, compared to where a healthy business is.
[spp-timestamp time=”11:24″] Mike recommends having at least five basic accounts, Shannon has identified three others for the fitness industry. This system works for personal life as well. Shannon uses an example of someone repaying $100,000 of debt off in 18 months by using this in their personal life.
[spp-timestamp time=”16:26″] Shannon recommends all Gym owners have an Equipment Account, even if you allocate a small amount to that account each month, it will compound by the end of the year so it can be used on new equipment.
[spp-timestamp time=”21:16″] This system is a proactive way to look at your finances.
[spp-timestamp time=”28:28″] Shannon recommends you should focus on creating the five accounts right from the beginning
[spp-timestamp time=”31:44″] There are three extra accounts Shannon has found that the fitness industry should have, one of them is the Equipment/Capital Expenses Account,
[spp-timestamp time=”33:06″] The point of Profit First is to get people to finally enjoy running their businesses, even if they are only paying themselves 2% profit, you are paying that right away. You don’t distribute your profits from the profit account until the end of each quarter. Profit First Professionals call it the “Quarterly Profit Distribution”.
[spp-timestamp time=”35:25″] You don’t take money from your Profit account and put it back into your business. Your profit is there for you to enjoy your hard work, even if it is only 1-2%, especially for gyms!
[spp-timestamp time=”37:26″] The more money we have, the more money we spend.
[spp-timestamp time=”39:37″] There are people out there that have a decent handle on their finances but are missing the enjoyment piece. Living with the income instead of living ahead of the income.
[spp-timestamp time=”44:00″] Who is your best employee? The answer is YOU! You have to compensate yourself.
[spp-timestamp time=”46:51″] Final Words

Links and Resources

People Mentioned

Final Words

You can only serve and love as much as you serve and love yourself. You have to be taking care of yourself so you can take care of other people.

Action Steps

Please Submit an iTunes Show Rating & Review, we need more reviews to increase our ranking and appearance. We love 5 Stars!
Join THE FUEL TANK our community on Facebook! – “You are the average of the five people you spend the most time with.” ~ Quote by Jim Rohn
Be sure to check out our Resources and a reminder to “Keep Living The Fired Up Epic Life everyone!” #livethefuel

The post 049: Saving Gyms Profit First with Shannon Simmons appeared first on LIVETHEFUEL.

018: Geeking with the Money Nerd Whitney Hansen

Scott Mulvaney — Fri, 28 Oct 2016 14:00:00 +0000

On this episode, I connect with the other half of a previous co-host Tony Huynh, TheInstaGuy.co. Today we dive into the world of finance. Our co-host has a background in finance and has been pursuing her entrepreneurial passion for three years now. She helps people create budgets, pay off college loans quicker and plan for the future. A lot of people struggle with this regularly.

A lot of us suffer from limiting beliefs when it comes to money. One of the main reasons is because of the way we grew up. We have to remember money is just a tool, and it doesn’t need to be hard. Today’s co-host aims to put us at financial ease, today’s co-host is Whitney Hansen of The Money Nerd Podcast.

We talk Money and more on this episode:

[spp-timestamp time=”5:34″] How Whitney got into personal finance
[spp-timestamp time=”6:26″] Paid off $30,000 of student loans in Ten Months
[spp-timestamp time=”8:17″] Working two jobs for two years
[spp-timestamp time=”8:48″] Office space
[spp-timestamp time=”10:59″] Being disciplined and living a minimal lifestyle
[spp-timestamp time=”14:13″] Being busy stops you spending
[spp-timestamp time=”16:08″] Identify where you are spending in the wrong areas and start spending heavily in the right areas.
[spp-timestamp time=”18:23″] You should have multiple savings accounts, one for your emergency funds, maybe one for the upkeep of your car or a vacation fund
[spp-timestamp time=”19:07″] Profit First
[spp-timestamp time=”20:22″] There are two types of people when to comes to money. Those who don’t want to think about their money, they just want everything to happen automatically and there are those who want to manually move the money between accounts
[spp-timestamp time=”22:00″] Embrace who you are, recognize your strengths and short comings but don’t ignore them.
[spp-timestamp time=”22:29″] Your a saver or a spender
[spp-timestamp time=”26:25″] Money is just a tool
[spp-timestamp time=”28:05″] Taking control
[spp-timestamp time=”33:06″] Make money matter
[spp-timestamp time=”34:45″] Limiting beliefs when it comes to money usually comes from the way grew up.
[spp-timestamp time=”41:40″] Budgeting and checking in with yourself
[spp-timestamp time=”44:44″] The snowball effect
[spp-timestamp time=”45:25″] Give yourself a little win
[spp-timestamp time=”46:41″] Vision boards and VAK – https://en.wikipedia.org/wiki/Learning_styles
[spp-timestamp time=”51:16″] Bikini model and we talk about the book “Quarter Life Crisis”
[spp-timestamp time=”58:01″] About The Money Nerds Podcast
[spp-timestamp time=”60:40″] The power of Podcasting
[spp-timestamp time=”64:17″] Money Nerds Podcasts shares best practices and tips
[spp-timestamp time=”67:51″] If you are a business owner, Set 10% of your revenue, not profit aside for conferences or courses. This budget is for continuing education
[spp-timestamp time=”68:50″] Going to events and moving away from your home office and start networking
[spp-timestamp time=”70:45″] Personal Branding
[spp-timestamp time=”78:03″] Money. Don’t make it too hard
[spp-timestamp time=”83:18″] Final Words

[spp-tweet tweet=”Your financial life impacts your entire life. It’s not just a piece. It is all intertwined – Whitney Hansen on LIVETHEFUEL.com/018″]

Links and Resources

People Mentioned

Final Words

Your financial life impacts your entire life. It’s not just a piece of your life. It is all intertwined. As soon as you figure out how to manage your money and it does not need to be difficult, the sooner you can figure out that process. The better the quality of life is going to be. Make sure you are prioritizing that and you are doing the research you need to make sure you understand how your money works.

Action Steps

Thank you for listening, please take a few minutes to Submit an iTunes Show Rating & Review, we love 5 Stars!
Join THE FUEL TANK on Facebook! – “You are the average of the five people you spend the most time with.” ~ Quote by Jim Rohn
Follow us on all of social media @LIVETHEFUEL – “Keep Living The Fired Up Epic Life everyone!” #livethefuel

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016: CoreFit Chiropractic with Dr. Mark Walter

Scott Mulvaney — Fri, 21 Oct 2016 14:30:00 +0000

CoreFit teaches us patience:

I love to go out and meet with my co-host’s live and in person. Today I am at a local chiropractor office here in Allentown, Pennsylvania. We are meeting with a newly independent entrepreneur and chiropractor here in 2016. A husband of an old friend of mine as well, it’s a small world. Today lets welcome Dr. Mark Walter of CoreFit Chiropractic to the LIVETHEFUEL Show.

This episode with Dr. Mark is about reprogramming you. We all look for the quick and easy solutions. A pill won’t solve everything.

On This Episode You Will Hear:

[spp-timestamp time=”1:48″] Where Mark is now and his background journey to getting there
[spp-timestamp time=”5:24″] Hotshots and Smoke Jumper Firefighters
[spp-timestamp time=”8:51″] Dislocating a rib – Transverse Process
[spp-timestamp time=”12:40″] Including Chiropractic as a pain management method and moving away from the “Alternative” stigma the field had been labeled in
[spp-timestamp time=”16:44 “] Addiction – “If you are a hammer, all you are going to see is nails”
[spp-timestamp time=”18:26″] You are what you eat
[spp-timestamp time=”20:47″] With standard MD education you would be lucky to receive two hours of education on nutrition. We have been marketed to, that you will find the answer to everything through a pill.
[spp-timestamp time=”23:23″] DC – Doctor of Chiropractic, DO – Doctor of Osteopathic
[spp-timestamp time=”26:26″] We all look for a quick easy solution. We have to look whats going on dietary, one of the biggest problems we have is to do with inflammation.
[spp-timestamp time=”29:05″] Inflammation is like a fire going on inside of your body. How healthy are you to put that fire out?
[spp-timestamp time=”30:10″] What an adjustment is vs a mobilization is
[spp-timestamp time=”32:24″] The Balance Equation
[spp-timestamp time=”34:06″] Saying “I want to Quit Something” or “Lose Something”, is setting you up for immediate failure. This creates a physiological reaction and a feeling of loss. Use words like, “Replace” and “Get rid of”.
[spp-timestamp time=”38:51″] People just don’t realize how unbalanced they really are
[spp-timestamp time=”41:23″] It’s a lifestyle and a journey not a destination
[spp-timestamp time=”46:10″] Listen to you body, know what your strengths and weaknesses are and know when to cut back. A lot of people don’t do enough mobility work, stretching etc
[spp-timestamp time=”48:05″] Neuromuscular control, swimming and gymnastics – Reprogramming your software
[spp-timestamp time=”52:31″] Final Words

[spp-tweet tweet=”It’s a lifestyle and a journey, not a destination – Dr. Mark Walter on EP016 of LIVETHEFUEL – livethefuel.com/016″]

Links and Resources for CoreFit

Final Words

Patience

Paradigm patience. First off the paradigm needs to be shifted, then have patience with it. People want that instantaneous fix. Nothing is instantaneous.

Action Steps

Thank you for listening, please take a few minutes to Submit an iTunes Show Rating & Review, we love 5 Stars!
Join THE FUEL TANK community on Facebook! – “You are the average of the five people you spend the most time with.” ~ Quote by Jim Rohn
Follow us on all of social media @LIVETHEFUEL – “Keep Living The Fired Up Epic Life” everyone! #livethefuel

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