How This Coach Achieved Financial Fitness
Lifestyle and fitness coach Shaniece Benson made her business healthier from the inside out after joining the Impact Lab
Shaniece Benson knows that a healthy lifestyle doesn’t come easily — it requires strategy and discipline to keep yourself in shape both inside and out.
That’s the spirit behind Bloom Fitness Academy, Shaniece’s full-service fitness and lifestyle coaching business where she works one-on-one with busy professionals to help them look and feel good.
Shaniece loves helping clients overcome limiting beliefs about themselves. But when it came to the financial side of her business, she had some limiting beliefs of her own to overcome.
The Problem
Shaniece started her business because she’s a passionate health and fitness expert. But what few people told her is that as a solopreneur, she’d need to know her way around finances, too.
When she first started working with us, Shaniece needed help with financial management. All of her financial statements lived in PayPal, and she hadn’t yet nailed down a system for organizing her receipts, leaving her feeling overwhelmed and scattered.
She also worked from home and knew her home office was tax deductible, but she wasn’t versed in the tax codes that say what is (and isn’t) eligible for deduction.
Where mission edge came in
We helped Shaniece demystify her finances and get things in order.
First, we connected her bank account with Wave, a one-stop money management tool for small business owners with features for invoicing, accounting, payroll and more.
We also showed her how to export PayPal statements as .csv files so that she could file them on her computer rather than having them live in the system indefinitely.
Finally, our finance experts provided Shaniece with some guidance on tax-related matters so she could set up her home office to support business operations without breaking the bank.
The solution
Now that Shaniece’s current finances are in order, she can start planning for the future. She’s already working on her three-year financial plan.
And in the meantime, her invoices, receipts and other items are organized. Shaniece has peace of mind that her business’ finances are in order so she can keep delivering excellent services to her clients.
You can see results, too
Effective financial management and good accounting habits are crucial to running a small business — but we know there are many hurdles to overcome on your way there.
Mission Edge wants to partner with you to figure out your unique financial challenges and create a plan to remedy them while you keep growing.
Interested? Check out Impact Lab to find out more about how our program could help you grow your business!
Want to keep the inspiration going? Read more success stories.
See how Impact Lab could help you gain financial clarity for your business in 2023
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