WHY PROFIT FIRST?
We believe that it’s not about how much you earn; it’s about how much you KEEP.
JMD Business Solutions is one of the select firms nationwide that has received certification in the Profit First method of cash management.
Anyone can provide bookkeeping support, but as a Profit First professional, we are committed to providing our clients the highest level of profit-driven support and using our specialized toolkit and proven methods to bring clarity and confidence to clients. Why? So they can take care of their most important employee first: YOU as the business owner!
What is Profit First?
Profit First is a cash management system that focuses on an effective accounting strategy that will transform your business from a cash-eating monster into a money-making machine. Profit First, written by Mike Michalowicz, explains why traditional accounting is contradictory to human behavior because it traps business owners in a panic driven cycle of operating check-to-check (you relate?).
The Profit First system is what we implement with clients to stop that spinning wheel and start putting PROFIT back into your pocket with your very next deposit.
Time for you to jump off that spinning wheel of chronic bank balance accounting into the support, accountability, peace of mind, and immediate results you’ll get from working with me? Let’s do it!
“Profit is not an event. It's a habit.”
― Mike Michalowicz
We believe that higher profits = more opportunity for impact.
And isn’t that what you’ve been called to as leaders?
Maybe your business is a cash-eating monster, and you don’t know how to make it better. Maybe you want the desire for increased profits to drive your business decisions, but you’re too deep in overwhelm to know how to even start. Maybe your relationships are struggling, and you’re desperate for something to change for the better.
Whatever your specific situation might be (and believe me -- we’ve seen them all), you don’t have to feel alone anymore. There’s hope for any amount of overwhelm, frustration, and strife and opportunity for so much good to happen. You can get back to what you love.
The numbers really do tell the story, and through specific profit strategy, we can get to a better place together.
Profit First Simplified
A mini-course and a spreadsheet automation tool that will fast track your Profit First journey (and Profit WINS!)
Without sifting through endless freebies, complicated math, or questioning whether you’re doing it right.
It's perfect for business owners who are ready to make Profit a habit, and includes everything needed to assess, plan for, and implement the Profit First method.
Jenni Davis is a certified Profit First Professional who loves taming the chaos and planning for Profit.
Kelsy Schmidt is a certified Director of Operations and dashboard designer who loves a sophisticated spreadsheet and making the numbers sing.
Together we created Profit First Simplified, and are beyond excited to support you on your Profit journey!
Profit First Assessment
The Profit First Assessment gives you a real picture of where you profits are (or aren't).
In Phase 1 (Evaluation), we will review the financial history of your business so that we have a baseline for the historical performance of your business. This will reveal opportunities to maximize your profit.
After a 1-5 year historical review, we will categorize historical Profit, owner's compensation, taxes and operating expenses to help us determine TAPs (Target Allocation Percentages), and then CAPs (Current Allocation Percentages).
Phase Two (Your Blueprint) is when we will create a Profit Blueprint mapped specifically for your business to implement Profit First. Our Profit First Allocation Tool will outline your quarterly allocations so that you have everything you need.
Even after all this is in your hands, you'll still get 30 days of support via email while you are rolling out the plan and a 30 day closeout call to answer any questions you have and make sure you will be successful in the implementation.
“You are no longer asking, “How can I make my business bigger?” You are asking, “How can I make my business healthier?”
― Mike Michalowicz
Profit First Coaching
When it comes to your profits, why not choose the ultimate path to success?
Working exclusively with a Profit First Certified coach will provide you everything you need to get your business' financial health in order and profitable.
We'll start with a complete Profit First Assessment, and then rollout your Profit First plan together. No more doing this alone!
Over the course of the year, we will hold a series of virtual meetings to keep you on track, make adjustments and discuss any concerns. The remaining virtual meetings will be scheduled for quarterly financial & strategy reviews & follow-up and a year-end review where we start to plan for the upcoming year. During these meetings is where you and I really connect and dive into this process together, and I will provide a very in-depth analysis of results and recommendations.
Frequently Asked Questions
Have you considered trying Profit First, but have no idea where to start?
Grab my free guide that will give you the first five things you need to do to implement Profit First.