EP 04: The Business Side of Training: Set Yourself Up Right

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Elite Trainer Academy

Kyle Pullin

15 episodes

1 week ago

The Elite Trainer Podcast is hosted by Kyle Pullin, a coach mentored by Sal, Adam, and Justin from Mind Pump and now leading the growth of their personal training business. This show is for fitness coaches who want to sharpen their skills, grow a real business, and impact more lives. Whether you're new to training or looking to level up, you'll get proven strategies, honest insights, and the tools to stand out in a crowded industry.

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All content for Elite Trainer Academy is the property of Kyle Pullin and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

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EP 04: The Business Side of Training: Set Yourself Up Right

Elite Trainer Academy

26 minutes 23 seconds

3 months ago

EP 04: The Business Side of Training: Set Yourself Up Right

In this episode of The Elite Trainer Podcast, Kyle is joined by Mind Pump’s Doug Egge to unpack the business and tax essentials every trainer needs to know. Whether you’re a brand-new coach or planning to go independent, you’ll learn how to structure your business, the pros and cons of an LLC, when to consider S-Corp taxation, and how to avoid costly mistakes with the IRS. Doug shares practical advice on write-offs, audits, tracking expenses, and building a long-term financial foundation as a trainer. This episode is packed with value—don’t skip it.

If you got value from this episode, make sure to follow or subscribe to The Elite Trainer Podcast so you never miss an episode. If you know a friend, client, or fellow trainer who could benefit, share it with them — it’s the best way to support the show and help more coaches level up.Thanks for listening — we’re just getting started.

Setting Up Your Training Business (00:00)
LLC vs Sole Proprietor — What Trainers Need to Know (02:56)
When to Start an LLC (05:43)
Why You Need a Separate Bank Account (07:12)
Big Mistakes to Avoid with Taxes (09:19)
LLC vs S-Corp — Save on Taxes (11:12)
Top Tax Deductions for Trainers (15:33)
The Audit Risks You Need to Know (18:00)
Hiring a CPA vs DIY Taxes (20:02)
How to Track Receipts & Stay Organized (22:11)
Using Software to Simplify Finances (24:17)
Final Advice for New Trainers Starting a Business (25:13)

Follow Kyle Pullin - @MindpumpKyle on InstagramFollow Doug Egge- @MindpumpDoug on InstagramFollow Mind Pump Fitness Coaching on Youtube - @EliteTrainerAcademy Follow Mind Pump Media Podcast on Youtube - @MindPumpShow