Did You Know About Flat Rate VAT?

As week 3 comes to a close, it’s really got me thinking about numbers a whole lot more πŸ˜†

Numbers literally dictate everything

They can put a smile on your face, or bring your whole world crashing down

It all started with a message from Victoria, one of our FitPro Incubator clients who is now getting ready to go VAT registered

Now if you didn’t know this, then go speak to your financial advisor/accountant ASAP, but there is such a thing as Flat Rate VAT where you don’t have to pay the full 20%

Now according to the Gov website, Sport or Recreation Flat Rate is 8.5%

πŸ‘† now that’s a BIG saving, so best get chatting to your accountant to see if you qualify for it & for what

The next set of numbers that came up was the price of your Front End Offer

When a new ads client now wants to join us, we require them to have a FEO priced at Β£150

Anything less & it doesn’t really make financial sense for the fitness business owner

Granted, your business model will vary this, but if spending money on ads & not charging Β£150+, then your long-term game needs to be solid πŸ’ͺ

Finally, we got the docs to sign for the house from the solicitors 😬

Are they on my side or what?? πŸ˜†

You pay all that money for them to say, we can’t give proper guidance on this as we are your solicitors

But I also need to now get building insurance before the mortgage will get signed & I get the keys

Numbers πŸ€·β€β™‚οΈ

They either put a smile on your face, or can cause you serious headache

This next week now, we head up to Manchester to meet a few clients, so if you’re about in Manchester & want to grab a tea, just reach out πŸ«–

On the client side of things, we actually say goodbye to C.J for now, as he is now full πŸ˜†

πŸ—£οΈ “David Kyle & the fitproleadgen team are incredible. We’re on for our best opening month to date!”

βœ… Studio Owner Josh, opened his newest studio this month with 83 clients & already converted 24 of them to long term

πŸ’· Incubator client Victoria will now be VAT registered as of April

πŸ“² While Incubator client Louise made a simple change to the first text automation, massively increasing response rate & sales

I’ll say it again πŸ˜†

Numbers πŸ€·β€β™‚οΈ they either put a smile on your face, or can cause you serious headache

You got this πŸ’ͺ

David πŸ™‚