Episode 199: How to get paid first...not last

09/05/23 • 38 min

Female emPOWERED: Winning in Business & Life

Hey there everyone! Welcome back to another episode of The Female Empowered Podcast. This week will be all about a topic that’s been talked about over and over in our mentorship groups and it’s how to pay yourself first, not last.

In the past, I did this, too. I wasn’t paying myself because I was just starting my business. This might be great in the beginning, but as your business grows, there should be strategic plans in place because paying yourself first and not last will actually one of the keys for a thriving business!

So make sure that you will give this episode a listen because aside from the ways on how you can start paying yourself, I will also be giving you real-life examples that hopefully you can learn a lot from!

Let’s talk about:

Introduction to today’s topic
Where did the belief that owners should not get paid come from
What it means to pay yourself first and ways that you can do it
Why it’s important to make sure you pay yourself first
Misconception: The more you re-invest in your business, the faster you will grow
The Reality: Prioritizing your pay as the owner will lead to a healthier business, healthier profitability, and better financial decisions
The benefits of paying yourself first
Steps on how to set up and make sure you are paying yourself
The importance of looking into and reviewing your finances
Examples of where can you cut your expenses in your business
Taking a hard look into your expenses: why you should do it
Conclusion

If you have questions on how you can start paying yourself or paying yourself more, schedule a call with me. Go to my website to schedule the call or join our Fit Biz Foundations Group so that we can help you get to where you want to be.

Looking for advice and resources to help you market and grow your clinic or client based business? Visit my website or follow me on Instagram!

Links Mentioned In This Episode:

· Profit First

Thanks for listening! If you enjoyed this episode, please leave a review for the show to help other female fitness and wellness professionals find our podcast!

Interested in being a guest on a future Female Friday episode? Email me at [email protected]!

Let’s talk about:

Introduction to today’s topic
Where did the belief that owners should not get paid come from
What it means to pay yourself first and ways that you can do it
Why it’s important to make sure you pay yourself first
Misconception: The more you re-invest in your business, the faster you will grow
The Reality: Prioritizing your pay as the owner will lead to a healthier business, healthier profitability, and better financial decisions
The benefits of paying yourself first
Steps on how to set up and make sure you are paying yourself
The importance of looking into and reviewing your finances
Examples of where can you cut your expenses in your business
Taking a hard look into your expenses: why you should do it
Conclusion

Looking for advice and resources to help you market and grow your clinic or client based business? Visit my website or follow me on Instagram!

Links Mentioned In This Episode:

· Profit First

Thanks for listening! If you enjoyed this episode, please leave a review for the show to help other female fitness and wellness professionals find our podcast!

Interested in being a guest on a future Female Friday episode? Email me at [email protected]!

Previous Episode

Episode 198: How to Stand Out in a Crowded Market

Hey there! Welcome back to another episode of The Female Empowered Podcast. What we will be talking about this week is how you can stand out in a crowded market.

A lot of business owners will think to themselves that they have a lot of competition in the industry they are in. That is why I made this podcast so that you can adapt the actionable and tangible steps I have for you on how you and your business can stand out!

Let’s talk about:

Introduction to the topic
The red ocean strategy vs. the blue ocean strategy
What does the current market for boutique healthcare wellness and fitness look like
One reason why boutique healthcare, wellness, and fitness took off this year
Challenges that small businesses in our industry face
#1: They can’t compete with big brands
#2: Financial constraints
#3: Having no solid retention and attraction strategy
Working with micro influencers
#4: Seasonal fluctuations
Actionable and tangible steps we did to help businesses stand out in a crowded market
#1: Know the business’ niche and target audience
#2: Tailor services to meet the needs of the different customer segments you have
#3: Tailor the messaging to the different demographic groups
#4: Create compelling brand strategy
#5: Effectively communicate your brand message to your audience
#6: Create unique offerings
Conclusion

If you are interested in joining the Beyond The Movement Business Summit on November 8 and 9 in Miami, Florida, go to www.christagurka.com/ceosummit2023. We are reserving only 25 spots and the early bird registration is now open! It will be open until the middle of September.

Looking for advice and resources to help you market and grow your clinic or client based business? Visit my website or follow me on Instagram!

Thanks for listening! If you enjoyed this episode, please leave a review for the show to help other female fitness and wellness professionals find our podcast!

Interested in being a guest on a future Female Friday episode? Email me at [email protected]!

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Episode 200: Are you sabotaging your earning potential? I was and didn't even realize it....

Hey guys! Welcome back to another episode of The Female Empowered Podcast. This is a really interesting episode because I truly did not believe that some of the things I did when I started my business was actually sabotaging my earning potential.

I was so oblivious to the things I will be sharing with you in this episode. You might be guilty of doing these too that’s why you should listen to this episode to understand why certain things that you are doing might not actually be great for your business’s earning potential.

I will also be sharing with you some of the amazing mantras I have been personally using, how to get out of the mindset traps and beliefs about money, and so much more!

Let’s get to it:

Introduction to today’s topic
History about women in the workforce in the 20th century: Societal Expectations, Economic Limitations, and Legal Barriers
Expectations and limitations on the roles placed on women and how it’s changing overtime
First mindset trap for women in business: I’ve never seen anyone earn a million dollar, so is that even possible for me?
My personal story on this mindset trap: None of my role models broke through significant financial barriers
It’s important for us women to put ourselves in rooms with people who achieved what we want to achieve
The story of Sara Blakely – The founder of Spanx
Second mindset trap for women in business: Money is finite, and investing in my program or doing class with me makes me greedy.
Money is not finite and money will always come back to you
When people give you their money, you give them something of value in return from your services or products
The story of Brooke Castillo in relation to this second mindset trap
“You are not taking from, you are giving, too”
Money and service, money and helping people can co-exist
Third mindset trap for women in business: I don’t feel worthy of a million dollars.
How we self-sabotage: Avoiding new opportunities, not asking for what you deserve, not paying yourself, not setting appropriate boundaries, not charging appropriately for your services
Ways you can build your self-worth and confidence
Inspiring stories of women who have become successful in their industries
Positive affirmations that I love, say, and use
Conclusion

I want you to remember that your potential isn’t defined by your past experiences or the societal standards today. It’s molded and defined by your actions, belief, and the value you bring to the table – which is immense. Let’s shatter those glass ceilings and keep building empires!

Looking for advice and resources to help you market and grow your clinic or client based business? Visit my website or follow me on Instagram!

Thanks for listening! If you enjoyed this episode, please leave a review for the show to help other female fitness and wellness professionals find our podcast!

Interested in being a guest on a future Female Friday episode? Email me at [email protected]!