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Coach Catalyst Podcast


May 14, 2023

On this podcast episode we have a fantastic speaker in Amanda Hanquist, founder of FIT CFO. Amanda starts off the episode talking about what got her started with Fit CFO. She then shares about how Fit CFO turned from being a financial coaching platform but grew into a full service accounting firm for health and fitness professionals. She then explains how it is transitioning from a nutrition coach to a full time business owner. With her shares of bottlenecks and struggles she faced starting Fit CFO. Trevor then gives an insight about finding the right business partners and communication between partners. Amanda proceeds to give advice which she mentioned having 3 bank accounts and how it would be beneficial in managing your finances. She then talks about the problems business owners would face when trying the financial side of their businesses. This podcast includes a list of useful tools new business owners can utilize and help them with the financial side of their businesses. The podcast finishes off with Amanda talking about utilizing tax benefits to build your retirement wealth.



6:09 - 7:00 Amanda talks about what got the started with Fit CFO

 

11:06 - 12:04 Amanda talks about how Fit CFO was initially a financial coaching platform but grew into a full service accounting firm for health and fitness coaches

 

15:47 - 16:28 Amanda talks about her transition as a nutrition coach to a business owner 

 

19:48 - 20:26 Amanda talks about the bottlenecks and struggles they faced starting Fit CFO

 

26:51 - 27:30 Trevor talks about finding the right business partner and communicating when problems arise

 

30:02 - 30:56 Amanda talks about the three bank accounts an business owner should have

35:09 - 35:56 Amanda talks about the problems business owners would encounter when trying the financial side of their business

 

41:00 - 42:37 Amanda talks about the tools a new business owner can utilize


58:08 - 58:41 Amanda talks about utilizing tax benefits to  building your retirement wealth