Choose Hard with Cody McBroom
#127 — The $120K Decision: Why I Closed Our HQ
After 4 years running Tailored Coaching Method out of a physical HQ, I'm closing it down — and building a new studio from scratch on my own property. In this episode, I break down the real numbers behind the decision: $10K a month in rent, $11K all-in once you factor in the energy bill and other costs — and why walking away from that saves us $120K this year alone. I also get into the more nuanced number: $99K in net savings even while we're simultaneously funding and building the new facility, which is the number that actually matters once construction starts. I get into the parts most entrepreneurs don't talk about — the actual build cost of a detached garage studio, how the rental agreement between TCM and my wife and I works, and why paying yourself rent can build personal wealth while cutting business overhead. I also talk about what it's like building this with my family (my wife designing it, my father-in-law and brother-in-law building it), moving back home after 7 years away, and the boundaries I'm setting so work doesn't swallow family life. If you're a coach or entrepreneur who thinks a bigger office is the end-game metric of success, or you're staring down a pivot that feels risky on paper, this episode is the unfiltered walkthrough of how I made the call — and what I'd tell you if you're facing one of your own. Topics covered: why we're closing HQ at 7 figures, the true cost of leasing vs. building, tax strategy for renting property to your own business, managing team culture through a remote transition, building a studio with family, and reframing "stepping backward" as strategic growth. ———— 16+ Years Coaching. 3,000+ Real Clients. Apply for 1:1 Coaching: https://tailoredcoachingmethod.com Mentorship for Coaches – https://tailoredcoachingmentorship.com/ ▶️ YouTube: https://www.youtube.com/@CodyMcBroom1 Free Guides: https://tailoredcoachingmethod.com/guides Free Articles: https://tailoredcoachingmethod.com/blog ️ Choose Hard Podcast: https://choosehardpodcast.com/ Follow me on IG: https://www.instagram.com/codymcbroom Inquiries: info@tailoredcoachingmethod.com ⭐ Enjoyed this one? A rating/review on Apple Podcasts helps more than you'd think — takes 15 seconds and puts the show in front of someone who needs it. ALWAYS FULFILLED, NEVER SATISFIED.© CHOOSE HARD.©
