- “Would I want my kids to model my business behavior?”
- Thoughts about stressors, money, schedules, etc
- If you aren’t evolving and improving, what are you doing?
- Money used to be a stressor, now its not
- Your schedule should evolve as you age. At 50, you shouldn’t be working like you’re 25
- Supporting your family is more than financial
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Hey, Pat Rigsby here. And in this episode, I wanna talk with you about a different way to think about
Welcome to the fitness business school podcast. The show for fitness business owners who want to grow their income, increase their end impact and improve their lifestyle. Be sure to listen to the end of this episode, because we have a brand new special offer exclusive for listeners. So stay tuned.
As you’ve probably figured out listening to some of these podcasts, or if you’re on my newsletter, um, is, is heavily influenced by being, you know, being with my family and that sort of stuff. And right now, as I record this, we are fast approaching back to school time. You know, my younger son will be starting middle school, my older, uh, stepson Tyler will be going back to college.
And, you know, I think a lot of the things that I do professionally have been influenced by, by desire to,
you know, be a good role model, a teacher, a good parent, but in a variety of ways now, um, you know, admittedly, that’s a, that is a, a tough task that I probably fail miserably at on, on some days. But one of the things that I’ve continually thought about literally from the beginning of the time that I’ve owned a business and not to say that I haven’t drifted on this from time to time. But one of the things that I actually considered very early on was is the way that I’m approaching my professional life. Something I would want my kids to model. Not that I care about them following in my exact career footsteps or anything like that, right?
Like I don’t have some aspiration to hand down a family business. I’ve got friends, who’ve had
businesses in their families, literally since the turn of the 20th century. Um, you know, I’ve got, you
know, my, my father has a business that I had no intention of taking over. So that’s not what I’m talking
about. I’m talking about, um, you know, would I want them to model how I approach my professional
life? So, um, you know, when I think about this, it’s what I want my kids to feel about their work, the
way that I feel about mine, um, would I want my kids to have a, a similar stress level associated with
work that I have, would I want my kids to feel about money, the same way that I do would I want my
kids to have the same type of schedule that I do now?
Honestly, I, you know, I want my, my boys to do better than me in every possible way, but when it
comes to those four questions, if they felt about their answers, the same way I feel about mine, frankly,
I’d probably be pretty happy, right. I’ve worked very diligently to create a career that I don’t
dread, that I, that I enjoy who I work with and what I do, and the type of impact that I have. Um, frankly, I’ve been able to over time create a, a job that doesn’t, uh, bring a lot of stress with it. For me, there, there have certainly been times that, uh, you know, I’ve not felt the same about work. That work has been more stressful, but as with many things, right, like we shouldn’t be behaving like a startup throughout our journey, right. So if we’re not evolving and improving, then what are we doing as business owners?
In fact, for the people that, that I serve, right? Like fitness business owners, health, business owners,
sports performance, business owners, we are in the business of helping people improve. So stands to
reason we should be improving ourselves. So what I want my kids to feel about money, the same way
that I do now, what I meant by that was I, I grew up in a household where money was definitely a
stressor. My, my parents had a small business. My dad, uh, you know, you may already have heard me
talk about him having an auto repair business. Um, my, you know, my mom helped out there. Heck I
started helping out there, uh, very early on in my, my teen years. Um, like when I was 13 or 14, started
doing, you know, sweeping the floors and that sort of stuff, and graduated to being, um, a painfully bad
And, you know, I just remember that money was a stressor, right? Like tax time was a stressor slower
times of year were a stressor. Um, and, and, you know, at this point along my journey, money is not like
there are plenty of things that could cause stress in life. For me at this point, money is not one of them.
And I would love to be able to, um, create, you know, see my, my kids be in that type of environment
where, um, you, they can feel that money’s a tool to help them have the security and opportunity and
the impact that they want to have. And it’s not something that’s continually stressful. And then finally,
you know, would I want my kids to have the same type of schedule that I do? You know, I mean, I would want them to have the same ability to create a schedule that I do.
And a as with many of us that, uh, that evolves over time, again, my schedule as a startup business
owner, as a college baseball coach was very different than my schedule now, but, you know, I turned 50
this year. I probably shouldn’t be operating the same way that I operated when I was 23 or 33 or
whatever. And, you know, I would love for, um, my kids to have the ability to, um, be as involved in their family’s lives is, you know, I, I can in mind and, you know, I think that so many people say, well, Hey, I want to build a business that, um, you know, it supports my family and all too often, they think about that purely in a monetary sense, they think about it, Hey, it pays the bills. It puts a roof over our head. It puts food in our mouths. It creates the ability to, you know, help pay for somebody’s tuition when they go to college or something like that. I think about it differently. I think that if I’m going to pour thousands and thousands of hours of my time into my business, I’m going to be setting example good or bad that people are gonna notice that, that my kids are gonna notice. And they’re going to say, I either don’t wanna be that, or I do, frankly, I didn’t want to own a business after watching how stressful it was for my dad and seeing that the couldn’t take vacations. And, um, seeing that it, it, it felt like it kind of owned him.
So it deterred me from being interested in being a business owner for the first decade of my professional life. And only when I figured out that there could be a way that would be more congruent with the way that I wanted to operate in the way that I thought that I become something that I wanted to pursue. So just a different way to look at how you operate your business or how you’re building your business. For me, being able to say, Hey, I’m approaching my professional life in a way that I would be okay with my kids. Modeling is, um, you know, is an important way for me to vet the decisions I’m making and the business that I’m building. It might be something that you would want to consider as well.
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