Welcome to The Fit Wealth Show, In the dynamic world of online business, determining the right pricing strategy is crucial for remaining competitive while ensuring profitability. The right pricing strategy can attract your ICA and drive your business Buuut, striking the perfect balance between competitiveness and profitability requires a strategic approach. Today on the show, we’re talking all about pricing strategies from a financial professional view to provide insights on how to implement them effectively. So ditch that whiteboard, grab your P&L’s and let’s get to it, this is the Fit Wealth Show!

Understanding your costs, you can’t figure out where to go, if you don’t know where you are...meaning you can aim for what other similar online business owners are doing, but we assume you are unique in what you offer and who you offer it to, so let’s start with the cost of doing business:

• Fixed Costs: These are expenses that do not change with the level of production or marketing, rent, salaries, and insurance.

• Variable Costs: These costs vary directly with the level of production or sales, such as merchants, fulfillment of services, and raw materials

• Break-even Point: The break-even point is where total revenue equals total costs, resulting in neither profit nor loss. Understanding this point helps in setting a baseline for your pricing strategy.

Using your financial statements to help you decide, vs. A whiteboard

Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com

IG: Shawn @fitwealthadvisor

IG: Amanda @thefitfinancial_

The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

Welcome to The Fit Wealth Show, do you know the numbers in your business that will drive performance that will outlast the test of time? Key Performance Indicators (KPIs) are essential metrics used to gauge the performance of a business against your desired goals. Today on the show we are talking about the most important financial KPI’s that will either drive your business, or drive it right into the ground. So, ditch that whiteboard, grab your P&L’s and let’s get to it, this is the Fit Wealth Show!

• Revenue: Measures the increase in a company's sales over a specific period.
• Net Profit Margin: Indicates the percentage of revenue that is profit after all expenses are deducted.
• Gross Profit Margin: Shows the percentage of revenue that exceeds the cost of goods sold (COGS).
• Regularly tracking and analyzing these KPIs

Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com

IG: Shawn @fitwealthadvisor

IG: Amanda @thefitfinancial_

The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

Welcome to The Fit Wealth Show, have you ever wondered if adding your kids to your payroll could save you money on taxes? Is it too good to be true, is it something that the IRS frowns upon? Well stay tuned for today’s episode of the Fit Wealth Show where we talk about the ins and outs and “how to’s” for paying your kids from your business.

• What is the purpose or goal of paying your kids from your business
• The 3 Steps for Paying your Kids from your business
• How to implement this as a tax strategy for your business
• How to use the money you pay your kids
• How to make your kids millionaires with the money they make

Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com

IG: Shawn @fitwealthadvisor

IG: Amanda @thefitfinancial_

The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

Welcome to The Fit Wealth Show. During uncertain times, financial strategies that emphasize stability and long-term gain often get increased attention. Life insurance banking for example, often associated with the Rockefeller family is one of these strategies frequently marketed by “wealth guru’s” everywhere, but is this strategy what they say it is? In this episode of the Fit Wealth Show, we’re talking about what life insurance banking really is and when it might be or may not be relevant for the business owner. This is the Fit Wealth Show!

Because Insurance is such a big part of the financial planning process, I wanted to bring up this popular topic in the life insurance sales world, with it being an election year, it can spark volatility, which then also sparks this big topic of “what the Rockefeller's did” to create generational wealth, aside from being the richest family in America in the first place.

• What is Infinite Banking or Life Insurance Banking?
• Why life insurance banking is so popular during a down market?
• How the Rockefeller Family Uses this concept
• Why is there a divide between a financial planner and life insurance agent?
• How does life insurance banking impact one's overall financial forecast?
• When should a business owner ever consider life insurance?

Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com

IG: Shawn @fitwealthadvisor

IG: Amanda @thefitfinanical_

The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

Welcome to The Fit Wealth Show. Today, the concept that wealth is often built silently, the idea the true financial success is about stability, security and making informed financial decisions instead of boasting and showing off all of the latest trends. This is the Fit Wealth Show!

• The nature of silent wealth
• How does this happen with compounding interest
• We've watched this firsthand personally and with clients who understand their money
• Making educated financial decisions, instead of putting your back against the wall

Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com

Follow Shawn on Instagram @fitwealthadvisor

The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

You’re listening to the The Fit Wealth Show. Today, we are talking about the importance of having cash on hand as a business owner. It’s crucial not just for expanding your business but also for seizing unexpected opportunities that might come your way. Having readily available funds could allow you to act quickly on opportunities, potentially driving significant growth in your net worth. Today, let’s talk strategies to maintain a healthy cash reserve and how it can propel your business forward.

• In this episode we share our story of how us having cash opened a door for an investment property
  
• We walk through the business owners financial order of operations
• Where do future dreams come in, in business?
• What about low interest debt payoff?

Thank you for listening to the Fit Wealth Show. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the @fitwealthadvisor or if you’d like to know how you can work with me directly, Visit me at fitwealthadvisors.com

Please visit Shawn on Instagram at @shawnhanquist

The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.

I’m Amanda Hanquist, the Fit Financial, have you ever or do you know anyone who has ever been a victim of financial cybercrime? Well, we do, and it happened to us personally. Today on the podcast, we’re talking about cybercrimes, what you need to be aware of, how you can protect yourself and of course telling our story of our $100,000 loss. This is the Fit Financial.

• Who investigates Cyber crimes?
• The biggest concerns when it comes to cybercrime
• Who is primarily at risk?
• What are cyber criminals targeting?
• What do consumers need to watch out for?

Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com

IG: Amanda @thefitfinancial_

IG: Shawn @shawnhanquist

The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.