You’ve already taken the leap into entrepreneurship and have become a legit business owner as a personal trainer or movement professional. You’ve realized that owning your own business is rewarding, but it is also difficult in many ways. You are finding that you are spending less time on the things that truly give you energy, the things that you are deeply passionate about. It is time to get realigned and find a way to now spend more time doing the things that are most important to you. You are in search of a financial coach & life planner to be your guide in making sure that this happens.
Case Study # 2
37 & 38
Owner of a Boutique Personal Training Studio & Real Estate Agent
Spend more time on the business-related activities that Beth is passionate about, prioritize memories & experiences with growing children, and realign with the value of being around people (and planning client events).
Beth is the owner of a highly successful boutique personal training & group fitness studio and has found herself buried in administrative, marketing, and accounting tasks that she is not truly passionate about. Her business is more profitable than ever, but she knows that something is missing for her when it comes to how she is spending her time. She is finding herself working “on” the business more than working “in” the business. She misses training clients, being more available during studio operating hours, and getting to know the community that she has built. In addition, Beth & Derek have young children that are growing up fast. They are worried about time going by and not creating enough family memories before their children go off to college. Finally, Beth & Derek both love planning or participating in large events, meeting up with friends, or mingling with new friends. They want more of that in their lives and find that they need to do a better job of making it happen.
In summary, Beth & Derek are hoping to work through the following situations / questions:
As they look ahead, Beth & Derek are seeking guidance and accountability to make sure that the life that they deeply desire is the life that they are living day-in-and-day-out.
The first step for Beth & Derek was to sit down with someone who would objectively listen to their concerns, questions, and thoughts. They knew there were some communication blocks amongst themselves around business decisions and money. Therefore, it made sense for them to seek out the help from a financial coach & registered life planner. In addition, there is an understandable mixture of excitement and uncertainty when it comes to any major change as the owner of a successful business. By collaborating together, values, goals, & actions were able to be documented and put into a living life plan.
After going through the EVOKE process with their registered life planner, Derek was able to gain a much deeper understanding of how important this shift was for Beth. In many ways it brought them closer and allowed Beth to trust in the process (delegating more, letting go of perfection, trusting others, etc.) in order to (1) spend more time on what she is passionate about and (2) live out the vision of life that both she and Derek share. By working through several exercises and activities amongst themselves and with their life planner, it became crystal clear on what actions needed to be taken. A comprehensive life plan was put together to move them in the right direction:
In addition to receiving recommendations on the best personal finance tools, apps, and software to manage their financial lives, Beth & Derek were also educated on different ways that they can save (and invest) for longer-term goals. Because Derek’s income fluctuates based on the real estate market, getting a strong handle of their monthly (and annual) cash flow was important. Their financial coach & life planner helped empower them in these areas by educating, answering questions, and pointing them in the right direction (whether that be professionals or other resources).
The above case study is hypothetical and does not involve an actual MVMT Life Planning client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if MVMT Life Planning is engaged to provide financial coaching & life planning services.