Iron Advisory: Intensive Coaching Program for Health and Fitness Industry

What is the Iron Wheel Program?

New to business or just need some additional support?

Like the goal setting sessions, plans and check-ins you offer your clients, the Iron Wheel Program is a one year, six-step intensive coaching system designed to support business owners in their success and fast-track their future profits.

What do you get?

· Goal setting session with one of our dedicated and experienced tax agents, where you define your growth targets to realistic timelines

· Development of a winning business plan, including profit optimisation and tax minimisation

· Profit forecasting, so you know how much you will likely earn and when

· Implementation of the systems and processes you need to build a team, make money and gain work-life balance

· Quarterly check-in with your personal CFO to ensure your business is on track, and provide the support and accountability you need to grow

Book your free consultation today.

STEP ONE: SUCCESS ROADMAP

Bring your ideas to life in your business planning session.

· Set and review business objectives and align goals amongst the directors

· Identify Gross Revenue Targets and Key Performance Indicators

· Set realistic timeframes for achieving goals

· Establish a robust accountability system

STEP TWO: BUDGET/CASHFLOW

Outline your budget and review your cashflow.

· Understand the difference between profit and cash

· Outline and comprehend your Cash Conversion Cycle – essential to your business’ long-term viability

· Ensure the business can afford tomorrow’s costs

· Understand cash and liquidity for better decision making

· Improve business processes to boost cashflow, profits and business value

· Drive your business to achieving your goals in a managed way

Remember: profitable businesses can experience extreme cashflow problems, just as unprofitable businesses can survive if they’re well-funded.

STEP THREE: AMS - ACTIVE MANAGEMENT SYSTEMS

Ensure you have the foundation systems your business needs:

· Lead management system

· Accounting system

· Project Management

Build a monthly reporting system which will measure:

· Profit and Loss

· Balance Sheet

· Your Key Performance Indicators

· Tracking against your budget

STEP FOUR: ACCOUNTABILITY

Our experienced and compassionate business coach checks in with you every quarter.

• Receive customised reporting templates to measure and review your actual performance against forecast
• Gain understanding of the key drivers of your business and what affects them
• Learn how to identify and solve burning issues
• Utilise an expert sounding board to discuss ideas and their potential impact
• Get help with prioritising tasks and projects
• Gain access to the collective wisdom of our accountants, systems, products and services
• Ongoing phone and email support

STEP FIVE: PROFIT OPTIMISATION

Implement strategies to increase your sales and decrease your costs.

· Understand and implement the ‘seven strategies for growing your business’

· Get introduced to the ‘growth equation’, which indicates how small changes can lead to large increases in profit and the long term value of your business

STEP SIX: TAX MINIMISATION

Tax planning gives you advance notice of your likely tax obligations, so you’re better prepared for the EOFY.

· Better plan your cash flow

· Gain greater surety about the year ahead

· Take advantage of any new or existing government incentives for small businesses or households

· Help manage any potentially negative impact of tax law changes