How do I implement Profit First in my business? Understanding basic allocation to increase profit.
Part of what makes Profit First simple to understand and relatively easy to implement is how it nods to the envelope system of the past like many of our parents and grandparents used to manage their personal finances. We’ve all had some experience with the envelope system, either personally using it or hearing about it…Read More
The Beginning of Profit First Simplified
It all started with a simple conversation. Well, let me backup and tell you more… It’s not just profit that requires baby steps. Just about everything in life and in business is a process that happens one day at a time. We don’t get there overnight! As I’ve come to understand and accept the phases…Read More
How Do I Implement Profit First in my Business? Utilizing Bank Accounts to Increase Profit.
Have you ever heard of the cash envelope system for family budgeting? You’ve probably heard people like Dave Ramsey and others in the finance space teach a method of managing the family finances by allocating money into different envelopes for different purposes and paying cash for things like food, gas, and tithing, but it’s a…Read More
Why I’ve Built a Business around the Profit First Method and How You Can Use It to Stop the Cash-Eating Monster in Your Own Business
If you’ve been in business over the last several years, you’ve likely heard of one particular system of cash flow management that teaches you how to successfully manage your money so you can experience ultimate business growth, stability and profit in your business possibly for the first time. This method is called Profit First. Profit…Read More