4.6 • 667 Ratings
🗓️ 12 June 2023
⏱️ 41 minutes
🧾️ Download transcript
We have some very exciting news to share with you and two incredible guests that you'll want to follow immediately if you aren't already. Vince Pitstick and Erica FitLove join us today to discuss the SALE of T4E Systems, now called T4E Health. This has been in the process for awhile but we wanted to officially announce it today, give you some backstory on how we built T4E to be a sellable company, and why we are giving away $50,000 to celebrate!
Time Stamps:
(2:55) Selling T4E Last Year and That Story
(7:58) Vince’s Vision and The Unique Period of Time We’re Living In
(14:40) Erica’s Perspective
(22:10) Destroying the Ego Feels
(27:30) The Next Evolution of Coaching
(33:40) The AI Revolution
(38:00) The Metabolic Network
(41:30) Where to Find Vince and Erica
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0:00.0 | What's up everyone? Welcome back to the FitBiz podcast. Today we are going to share with you a big surprise, |
0:04.7 | big reveal. We actually have the new owners of our health coaching company, T4E Systems, which |
0:11.2 | close to a year ago, Aaron and I actually sold. And it's really exciting for a number of reasons. |
0:16.7 | We go through the whole story about why we sold this business, but more importantly, |
0:25.5 | what it takes to actually sell a fitness business. Okay, you have to, you have to build a business that has real infrastructure. It has lifetime value, retention, systems, and also one |
0:32.1 | that doesn't rely upon the business owner, right? Like what happens if the business owner steps |
0:36.8 | out? Is that business still going to not only survive, |
0:40.1 | but continue to grow? |
0:41.1 | And we were able to create that type of business |
0:43.2 | within T4E systems now known as T4E Health. |
0:46.5 | And within this company that we sold it to, |
0:48.5 | they're just a great organization, nutrition dynamics. |
0:51.5 | They do, I think I remember they're doing like 1.5 million a month total. So they're a large |
0:56.2 | coaching company. They focus on all the way from lifestyle to functional. And the founder, Vince, |
1:02.6 | who we interview on this podcast, along with the new T4E CEO, Erica, are just insanely valuable |
1:09.1 | individuals that there's a ton to learn from. So we go through the whole |
1:11.8 | story about why we sold, how we sold, how we got in contact with them, what the future of online |
1:16.6 | coaching is looking like, future opportunities, risks, things to be aware of, and how to build |
1:21.6 | a sellable company. But before we jump into the interview, I want to let you know that to celebrate |
1:26.1 | this, we're actually doing an insane giveaway. So what we're doing is we're giving away $50,000 worth of scholarships |
1:32.4 | into our academy. Okay, this is going to come with essentially a full ride, one full ride |
1:37.7 | to become, you know, certified to build your business, to get to your first $7,000 to $10,000 |
... |
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