Your Fitness Money Coach Podcast - Helping Gym Owners Build Profitable Businesses

Billy Hofacker
  • 5.0 (107)
  • BUSINESS
  • UPDATED WEEKLY

You opened your gym to change lives — not to live paycheck to paycheck. The Your Fitness Money Coach Podcast helps you master the money side of your business so you can take home more, stress less, and finally build the life you envisioned. I'm Billy Hofacker, your host. After 20+ years in the trenches of the fitness industry and paying off nearly $500K in debt, I've helped hundreds of fitness professionals get financially free. In each episode, you'll hear real stories of fit pros winning with money, actionable strategies to increase profits and build wealth, and inspiration to keep going on your own path to financial freedom.

  1. 3D AGO

    Retention, Belonging, and Leadership Don't Improve by Accident - An Interview with Devin Gage

    #308 Most gym owners don't lose clients because something is obviously broken. They lose them because nothing is intentionally getting better. In this conversation, Devin Gage shares how his thinking around community, leadership, and retention has evolved as his business has grown. Even after hitting major revenue milestones, Devin realized that success doesn't remove problems, it simply reveals new ones. We talk about why people don't give up on identity, how unintentional client journeys quietly hurt retention, and why constant improvement needs to apply everywhere including team meetings and leadership communication. This episode is a deep dive into building belonging by design, not by accident. What You'll Learn Why retention is often an identity problem, not a programming problem How cognitive dissonance shows up in client behavior and churn Why client journeys and retention systems should never be accidental The four layers of belonging and where most gyms stop too early How social events, referrals, and engagement create "social stakes" Why Devin still faced leadership challenges after crossing $1M in revenue How objective scorecards remove emotion from accountability Why Devin gathers 360-degree feedback from his team How constant improvement applies to leadership, meetings, and culture Key Concepts Discussed Belonging as a retention strategy Identity and client commitment Leadership development at every stage Objective accountability and scorecards Capacity, growth thresholds, and team readiness Continuous improvement in systems and people Who This Episode Is For Gym owners thinking deeply about retention Leaders who want stronger teams, not just more revenue Owners who've grown but still feel friction internally Anyone who wants to build a business that actually lasts Check out this free tool Devin is providing to our listeners to audit and improve your client retention.  Check out Devin's podcast here.

    46 min

  2. FEB 3

    The Top 3 KPIs You're Not Tracking (But Should Be)

    #307 Most business owners track revenue. Some track expenses. Very few track the numbers that actually determine freedom and long-term wealth. In this episode, I break down the Top 3 KPIs almost no one is tracking and why ignoring them keeps smart, hardworking owners stuck. KPI #1: Taxes We talk about: The real difference between Schedule C and K-1 income Why "not paying taxes" usually means one of two things: You don't actually have profit Or you're kicking the can down the road in a way that will eventually cost you How taxes are not the enemy but a signal of real progress If you want to build wealth, taxes are part of the deal. KPI #2: Your Sales P&L Most people look at revenue. Very few look at what it costs them in time and energy to create that revenue. We cover: How much time you're really spending on sales and marketing Why "being busy" is not the same as being effective How to think about sales like an investment KPI #3: Personal KPIs That Actually Matter This is the one almost everyone ignores. We talk about tracking: Time with your kids Nights home Weekends off Vacations taken Mental bandwidth and margin Because what's the point of a profitable business if it costs you the life you were trying to build? Bonus KPI: Net Worth Revenue is noisy. Profit is helpful. Net worth tells the truth. I share why tracking net worth changes how you make decisions and keeps you focused on the long game. If you want a business that supports your life instead of consuming it, this episode will hit home.

    22 min

  3. JAN 27

    3 Things Great Gym Owners Do to Dramatically Increase Their Profit in the Long-Term

    #306 Most gym owners don't struggle because they aren't working hard. They struggle because they haven't made a few key leadership decisions that drive everything else including their finances. In this episode, Billy breaks down three disciplines great gym owners practice that lead to more profit, less stress, and better long-term decision-making. Two of them aren't "financial" on the surface but Billy explains how every one of them shows up in the numbers. If you want a gym that supports your life financially, it starts with how you decide, lead, and operate. What You'll Learn: Why deciding what you actually want is a financial decision How values-based leadership directly impacts profit and stress Why most money problems are really decision problems How strong gym owners think long-term while still managing today Why simplicity beats complexity when it comes to money Key Takeaway: Profit follows clarity. And clarity starts with leadership, not spreadsheets. Listen now and ask yourself: Which one of these am I currently neglecting?

    21 min

  4. JAN 20

    The 5 Financial Rhythms You Can't Neglect

    #305 Most business owners don't struggle with money because they're bad with numbers. They struggle because their finances don't have a rhythm. In this episode, Billy breaks down the 5 Financial Rhythms that every profitable, low-stress business needs. Miss one, and money starts to feel reactive. Build all five, and clarity follows. The 5 Financial Rhythms 1. Revenue Revenue is more than just total sales. It's understanding where money actually comes from and how reliable it is month to month. 2. Budgeting A budget isn't a restriction. It's a plan. Billy explains why budgeting creates freedom and why most owners overcomplicate this step. 3. Forecasting Forecasting is how you stop being surprised. Billy shares how this rhythm helped a client shift from reacting to problems to anticipating them. 4. Tracking You don't need to track everything. You need to track the right things. This rhythm brings awareness without overwhelm. 5. Automation Automation removes emotion and willpower from money decisions. When systems are automatic, consistency becomes effortless. Why These Rhythms Matter Financial stress is rarely about income. It's about uncertainty. These five rhythms work together to create clarity, calm, and confidence so money stops dominating your mental energy. Want Help Building These Rhythms? If this episode resonates, this is exactly what we build inside Fit Profit System, a 6-week program designed to help fitness business owners install simple, sustainable financial systems. Learn more here.

    21 min

  5. JAN 13

    You Don't Need More Leads. You Need Better Structure with Chris Tutela

    #304 In this episode, I sit down with Chris Tutella, owner of Tutela Training in Clark, New Jersey, and co creator of Iron Business Blueprint with Joe DeFranco. Chris and I dig into a truth that many gym owners and fitness entrepreneurs need to hear. Most people don't actually have a lead problem. They have a structure problem. We talk about what it really takes to build a profitable, sustainable business without chasing every new tactic, the role mentorship plays in long term success, and why staying in your own lane matters more than ever. One of my favorite parts of this conversation was Chris's honesty. There were no cookie cutter answers. No one size fits all advice. Everything came back to context, clarity, and making decisions based on the unique situation of the person in front of you. If you're tired of feeling behind, overwhelmed, or constantly comparing yourself to others, this conversation will hit home. What we cover in this episode: Why more leads aren't always the answer The importance of simple business structure How mentors actually accelerate growth Staying in your lane and avoiding comparison traps Why there is no universal blueprint for success Making decisions based on your season, goals, and reality. Follow Chris on IG @chris_tutela

    38 min

  6. JAN 6

    The Biggest Profitability Mistake Gym Owners Make

    #303 In this episode, I'm sharing a conversation where I was interviewed by Sumit from Naamly about what truly drives profitability and stability in a gym business. We talk about the biggest mistake gym owners make when it comes to profit, why retention is far more important than most people realize, and the habits that consistently show up in the most successful gyms. We also dig into mindset, not in a fluffy way, but in how it actually plays out in day-to-day financial decisions and leadership choices. One idea I shared that really resonated: operate as if your clients always have one foot out the door. Not from fear, but from responsibility. When you do that, everything from retention to finances gets sharper. This is a grounded, honest conversation for gym owners who want to build a solid foundation and a business they're genuinely proud of. What we cover: The biggest profitability mistake gym owners make Why retention is a financial strategy, not just a metric The daily habits of consistently successful gyms How mindset shows up in cash flow, pricing, and decisions Why assuming clients have one foot out the door leads to better leadership Who this episode is for: Gym owners who want more clarity, better systems, and a business that feels stable — not fragile. The event reference at the end has sold out but if you are interested in any updates for future opportunities, you can get on the notification list at https://yourfitnessmoneycoach.com/profitable-gym-intensive. Learn more here: https://yourfitnessmoneycoach.com/profitable-gym-intensive

    38 min

  7. 12/30/2025

    Why "Working ON the Business" Isn't What You Think with Daniel Meng

    #302 In this episode, I sit down with my friend and fellow gym owner Daniel Meng for a real, grounded conversation about business growth, leadership, and what actually changes as a business matures. We unpack a common idea you hear from gurus, that if your business is profitable enough to sell, you should just keep it and why that advice often falls apart in real life. We also talk honestly about what "working on the business" really looks like, why it's so hard for owners to shift out of day-to-day operations, and the internal changes required to lead at the next level. This isn't theory. It's two owners comparing notes, challenging assumptions, and talking about what actually works when real money, real people, and real life are involved. What we cover: Why "just keep the business if it's profitable" isn't always realistic The misunderstood difference between working in vs. on the business What actually has to change for an owner to step back operationally Why the shift feels uncomfortable even when things are going well How to think about leadership, leverage, and long-term optionality If you're a gym owner who feels stuck between growth and burnout, this conversation will hit home. Billy and Daniel will both be teaching at a small, in-person gym owner workshop in January focused on financial clarity, operations, and leadership. Learn more here.

    27 min

  8. 12/23/2025

    The Sale Is Always Running: How Great Communication Drives Growth (with Elias Scarr)

    #301 Sales doesn't start and stop with an offer. It's always running, and it comes down to one thing: communication. In this short but powerful conversation, I sat down with Elias Scarr to talk about what actually drives sustainable growth in a fitness business. We break down why having a clear sales structure matters, how tracking the right data changes everything, and why confidence is the real differentiator between gyms that grow and gyms that stall. If you want more clients, better retention, and fewer awkward sales conversations, this episode is a must-listen. In this episode, we cover: Why sales is always happening whether you realize it or not The 3 core drivers of gym growth: new business, additional business, and retention The role of structure and systems in effective sales communication The 3 biggest sales takeaways every gym owner should focus on How confidence in the client changes the entire sales process The 3 Big Takeaways: Track the right data and actually use it to guide conversations Be diligent with follow-up (most sales are lost here) Build confidence in the client, not just the offer Elias also shares his 8-step framework for doing sales communication the right way, a system he'll be teaching live at the Profitable Gym Intensive. About the Guest: Elias Scarr is a sales and communication expert in the fitness industry and one of the featured speakers at the Profitable Gym Intensive. His work focuses on building simple, repeatable systems that help gym owners grow without feeling pushy or salesy. Coming Up at PGI: Elias will be teaching a session titled: "Turn Your Members Into Your Best Sales Team" (aka how great communication creates referrals, retention, and momentum without awkward selling)

    29 min
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About

You opened your gym to change lives — not to live paycheck to paycheck. The Your Fitness Money Coach Podcast helps you master the money side of your business so you can take home more, stress less, and finally build the life you envisioned. I'm Billy Hofacker, your host. After 20+ years in the trenches of the fitness industry and paying off nearly $500K in debt, I've helped hundreds of fitness professionals get financially free. In each episode, you'll hear real stories of fit pros winning with money, actionable strategies to increase profits and build wealth, and inspiration to keep going on your own path to financial freedom.

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