Quitting a new lucrative job in finance to offer personal fitness training ton executives might just triple your income: But be ready for an immediate backlash from colleagues and friends, claims a former consultant who left the finance market to pursue health and fitness.
Ivan Scannell quit his job as a financial consultant with the Commonwealth Bank-owned financial planning company, “Count Financial”, five years back, to chase a job in fitness.
That evolved right into a fitness and wellbeing blog which has a $9 monthly subscription payment. Scannell, now 31, runs a boutique fitness business which has a gym in Potts Point.
He and his fitness professionals coach clients ranging from high profile CEO’s to university graduates.
He says he tripled his income by heading down the entrepreneurial path but he was not motivated by money whenever he made the cross over. “It wasn’t about the amount of money, the money just found me”, he said.
“I make three situations more now, and work half the hours. ”
Scannell joins a few but growing amount of employees who have left the finance sector beginning in their career to set up their own business.
The Australian Financial Review reported not too long ago Paul Quincey quit his job like a desk assistant at UBS at 28 to operate his own cleaning company, Quintessentially Clean.
Fitness is a $1. 4 billion dollar industry which has a projected annual growth associated with 3. 5 per dollar, according to IBIS World survey.
Fitness Australia chief exec Lauretta Stace said our bodies registers around 5000 brand new fitness instructors a year and many of them are people in their mid-30s who’re making a career cross over.
She said it was quite common for individuals in business such seeing that lawyers, stockbrokers and accountants to show fitness classes on a new freelance basis.
But she said the industry was already competitive and people making the switch should be prepared and keep their day job before they could work as a fitness instructor full time.
“It’s quite difficult, it’s like any business. It does take a while because you need to build a loyal following and there exists a low barrier to accessibility for outdoor fitness training, ” she said.
Scannell said he got months before he resigned and once he told his friends he was leaving the industry, they told him he was making a big mistake.
“I had a lot of hostility from peers about me, saying ‘What will you be doing, you’re getting special offers, you’re gonna go backwards’. I think it could’ve been a new jealousy thing, ” they said. “Friends who have been in finance asked me, ‘when are you going to have a real job? ‘”
He said he enjoyed the collegiality of in a finance planning company but he didn’t like the long hours plus the inflexibility around leave agreements.
“I couldn’t quite get the idea of having the permission to visit and spend a month or more overseas. ”
Scannell had already been on a six amount salary but when they resigned, the company offered him additional money, which made the decision to give up more difficult.
“It seemed to be a sliding door moment. I could accept the extra money and look back twenty years later and regret every little thing, ” he said.
He said while he left his consulting gig, he has gone here we are at training people working from the corporate sector.
“I love to train people who find themselves in the corporate entire world themselves, who are in a rut. They always put the work and their family first and they are usually a bit obese, ” he said.
“I’ve come a full 360 degrees”, he said.