David Waymann worked 30 years in the health-care industry in a career that spanned from running a stress test lab to being the U.S. sales manager for a rehab exercise equipment supplier. A few downsizings after the age of 50 changed his perspective on what he needed to support his family and maintain his lifestyle.
"The picture wasn't as rosy as it once was," Waymann says.
He changed course and became more entrepreneurial, taking a stake in a AdviCoach
franchise in Dexter a year ago. The goal was to replace his previous salary and help provide economic opportunity in his community by improving local businesses. Today he is on pace to surpass his previous income and plans to hire a couple of associates this year.
Waymann likes to say his company fixes sixes, which is the average number his client businesses give their own performance out of a scale of 1-10. AdviCoach helps these clients better manage their time, team and money, improving their bottom line.
"I continuously saw that health and wealth are the things that impact us the most," he says. "They make us lose sleep and cause stress. And we often sacrifice health to create wealth."
Waymann expects to increase his revenue by a multiple of 8-10 over the next year. He hopes to hire 2-3 more people to manage a steady stable of 25-35 small businesses in need of his firm's help.Source: David Waymann, business coach and president of the AdviCoach franchise for southeast MichiganWriter: Jon Zemke