Profit First Nation
299 episodes - English - Latest episode: 4 months ago -Welcome to Profit First Nation, the podcast that helps you achieve permanent profitability in your business by taking action to implement Profit First right. Hosted by Danielle Mulvey, a Profit First expert, and Mike Michalowicz, the author of Profit First, this podcast is for the top 17% of entrepreneurs who have cash in the bank to correlate with their profitability.
On the podcast, we dive into advanced Profit First strategies by sharing the honest and authentic ups and downs of being a business owner. Each episode provides information for entrepreneurs focused on taking the right steps and seeking appropriate advice from professionals in accounting, legal, tax, or other relevant areas. You’ll also hear transformational stories from business owners who have turned their businesses from cash eating monsters to money making machines with cash in the bank to correlate to their profitability by implementing the Profit First System.
With a focus on intelligent entrepreneurship, Profit First Nation guides you on how to take ownership of your finances and leverage Profit First as a DIY cash management system to make your business permanently profitable.
If you're a fan of Profit First and Mike Michalowicz, this is the podcast for you. Join a in on our community of successful entrepreneurs driven to be permanently profitable, with a grit and growth mindset that lets no obstacle stand in the way in pursuit of the three Ps: passion, profit, and play.
https://www.profitfirstnation.com
ABOUT THE HOSTS
Danielle Mulvey:
Danielle Mulvey is a former flight attendant-turned entrepreneur and the owner of multiple businesses doing $50-million in annual revenue. She is one of the exclusive, select group of Mastery-Certified Profit First Professionals in the world, and the go-to “HOW TO IMPLEMENT” workshop facilitator for Profit First and WSJ Journal Best Selling Author Mike Michalowicz following his keynote speeches. Danielle is currently running multiple businesses from start-ups to mature businesses with 10-year plus track records and revenues ranging from $1M to $40-million in annual revenues and is a certified numbers geek about Profit First, leveraging the DIY cash management system for small business to achieve maximum profitability. She has the ability to personally guide business owners to achieve maximum profitability in their business based on her 25-years experience of being an entrepreneur who has been there and done that.
Additionally, Danielle authored the book The Rapid Read™ Guide to The 5-Star Employee Rating System™ and is currently collaborating with Wall Street Journal best-selling author Mike Michalowicz on his new book, to be released in Q1 2024, titled ALL IN: How Great Leaders Build Unstoppable Teams.
https://www.daniellemulvey.com
linkedin.com/in/danielle-mulvey-66a315
theallincompany.com
profitfirstnation.com
Mike Michalowicz:
Mike Michalowicz is an entrepreneur and New York Times and Wall Strett Journal best-selling author of Profit First, The Pumpkin Plan, SURGE, Toilet Paper Entrepreneur, Clockwork, Fix This Next, and Get Different. BusinessWeek called Toilet Paper Entrepreneur a business cult classic. His books have been translated into 10 languages and Mike has had the privilege to speak on stages all over the world because of his passion to connect with entrepreneurs.
As the founder of Profit First Professionals, he empowers accountants, bookkeepers, and business coaches with the tools and techniques to maximize client profitability, allowing them to uplevel from being one of the 83% of small businesses operating check-to-check and struggling to be profitabably to becoming one of the 17% of thriving and highly valuable businesses with cash in the bank to correlate to profitability. Mike also co-founded the business growth consultancy, Provendus Group, and has successfully founded, built, and sold two technology service-based companies. He is passionate about sharing his experiences and advice with entrepreneurs and sits on formal and informal advisory boards while maintaining relationships with angel and early-stage investors.
linkedin.com/in/mikemichalowicz
MikeMichalowicz.com
ProfitFirstProfessionals.com
mikemichalowicz.com/books/
MikeMichalowicz
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Episodes
Ep. 152- Play for Monopoly Control
December 26, 2023 08:00 - 31 minutes - 43.7 MBIf you ever have the slightest intention to sell your business, understanding its value is crucial. Strategic pre-planning for the sale can enhance your value builder score so you sell at a premium multiple of earnings. In today's discussion, Danielle delves into one of the eight key drivers to improve profitability: monopoly control. Following that, she will explain ten distinct strategies to attain monopoly control. Whether you are contemplating an exit from your business now ...
Ep. 151 - Relish Your Ownership
December 19, 2023 22:17 - 28 minutes - 52.9 MBIn this episode of Profit First Nation, Danielle discusses the importance of relishing your ownership and maintaining a balance between personal and business finances. She emphasizes the need to take ownership of key areas in your business to ensure long-term success. These key areas include owning your day, owning your numbers, owning Profit First, owning leadership, and owning your role in the community. IN THIS EPISODE: [00:20] Danielle introduces the topic of "Relish Your Owners...
Ep 150 - Q&A Quiz Edition
December 12, 2023 21:46 - 27 minutes - 50.6 MBEpisodes ending in 0 are Q & A sessions designed to help entrepreneurs operating their businesses in the zone of permanent profitability continue to thrive. Danielle is excited to host a quiz edition to test your Profit First IQ. There are no scores today, but the correct answers to these questions determine your prowess to do Profit First right to make your business permanently profitable. Don’t miss it! IN THIS EPISODE: [00:57] Danielle has ten quiz questions today. Question o...
Ep. 150 - Q&A Quiz Edition
December 12, 2023 21:46 - 27 minutes - 50.6 MBEpisodes ending in 0 are Q & A sessions designed to help entrepreneurs operating their businesses in the zone of permanent profitability continue to thrive. Danielle is excited to host a quiz edition to test your Profit First IQ. There are no scores today, but the correct answers to these questions determine your prowess to do Profit First right to make your business permanently profitable. Don’t miss it! IN THIS EPISODE: [00:57] Danielle has ten quiz questions today. Question o...
Ep 149 - ALL IN: Power Skills with Kelly Ruta
December 05, 2023 08:00 - 27 minutes - 49.8 MBIn this ALL IN edition of Profit First Nation, Danielle welcomes Kelly Sullivan Ruta, a clinical psychotherapist turned coach, focused on building an unstoppable team by cultivating emotional agility. Kelly shares insights into the concept of the Ultimate Inner Operating System, emphasizing the importance of skills like emotional agility and emotional intelligence in scaling a business via power skills. If you want to learn how to enhance your own emotional intelligence and empower your...
Ep. 149 - ALL IN: Power Skills with Kelly Ruta
December 05, 2023 08:00 - 27 minutes - 49.8 MBIn this ALL IN edition of Profit First Nation, Danielle welcomes Kelly Sullivan Ruta, a clinical psychotherapist turned coach, focused on building an unstoppable team by cultivating emotional agility. Kelly shares insights into the concept of the Ultimate Inner Operating System, emphasizing the importance of skills like emotional agility and emotional intelligence in scaling a business via power skills. If you want to learn how to enhance your own emotional intelligence and empower your...
Ep. 148- Q&A: Instant Assessments with Mike Michalowicz
November 28, 2023 08:00 - 24 minutes - 45.6 MBIn this episode, Danielle is joined by Mike Michalowicz, the author of Profit First, as they tackle questions from Mike's email inbox regarding doing your Instant Assessment. In addition to highlighting the importance of adhering to established profit percentages as a business grows, they provide additional guidance to another business owner to use the Profit First Target Allocation Percentages Chart for financial clarity, and help yet another entrepreneur on how to simplify income and exp...
Ep 148- Q&A: Instant Assessments with Mike Michalowicz
November 28, 2023 08:00 - 24 minutes - 45.6 MBIn this episode, Danielle is joined by Mike Michalowicz, the author of Profit First, as they tackle questions from Mike's email inbox regarding doing your Instant Assessment. In addition to highlighting the importance of adhering to established profit percentages as a business grows, they provide additional guidance to another business owner to use the Profit First Target Allocation Percentages Chart for financial clarity, and help yet another entrepreneur on how to simplify income and exp...
Ep 147- Switzerland Structure
November 21, 2023 08:00 - 23 minutes - 43.1 MBIn this episode of Profit First Nation, Danielle discusses the importance of the "Switzerland Structure" in your business. The Switzerland Structure is about avoiding over-dependence on a single customer, employee, or vendor to ensure the long-term success and profitability of your business. Danielle emphasizes the need for diversification, customer value analysis, employee cross-training, and vendor audits. IN THIS EPISODE: [00:27] Introduction to the podcast and the topic of t...
Ep. 147- Switzerland Structure
November 21, 2023 08:00 - 23 minutes - 43.1 MBIn this episode of Profit First Nation, Danielle discusses the importance of the "Switzerland Structure" in your business. The Switzerland Structure is about avoiding over-dependence on a single customer, employee, or vendor to ensure the long-term success and profitability of your business. Danielle emphasizes the need for diversification, customer value analysis, employee cross-training, and vendor audits. IN THIS EPISODE: [00:27] Introduction to the podcast and the topic of t...
Ep 146- Danielle’s Modus Operandi
November 14, 2023 08:00 - 28 minutes - 51.9 MBIn this episode of Profit First Nation, host Danielle Mulvey reveals her seven key principles that she consistently applies to her business operations. She shares personal anecdotes and practical examples to illustrate her modus operandi. Danielle underscores the value of these principles in her own journey as an entrepreneur and how they have contributed to her success, providing valuable insights for entrepreneurs seeking sustained profitability. IN THIS EPISODE: [00:53] ...
Ep. 146- Danielle’s Modus Operandi
November 14, 2023 08:00 - 28 minutes - 51.9 MBIn this episode of Profit First Nation, host Danielle Mulvey reveals her seven key principles that she consistently applies to her business operations. She shares personal anecdotes and practical examples to illustrate her modus operandi. Danielle underscores the value of these principles in her own journey as an entrepreneur and how they have contributed to her success, providing valuable insights for entrepreneurs seeking sustained profitability. IN THIS EPISODE: [00:53] ...
Ep. 145- Total Revenue Minus Materials, Subs & More
November 07, 2023 08:00 - 17 minutes - 32.5 MBWe welcome back the ever-popular Billie Anne Grigg, Profit First Professional’s Chief Profit Guide. Together, Danielle and Billie Anne dive into the intriguing world of "above the line" expenses within the Profit First framework. The episode covers above-the-line expenses, such as materials, subcontractor costs, pass-through expenses, franchise fees, and more. They also emphasize the importance of understanding your financial numbers and owning allocation day to achieve permanent profit...
Ep. 144- Fixing the Errors of Mishires
October 31, 2023 07:00 - 33 minutes - 61.7 MBHow often have you hired someone only to discover they were a “Mis-Hire.” Today’s episode of Profit First Nation is about hiring mistakes that could have been avoided. Danielle gives examples of failed hirings and the points the interviewer overlooked on the candidate’s resume or in the interview. Don’t miss these red flags when you conduct your next job interview. They will save you time and money. IN THIS EPISODE: [00:20] Danielle explains how to go “all-in” on building a stab...
Ep. 143- Your Price Controls Your Profit
October 24, 2023 07:00 - 35 minutes - 64.6 MBJoin Danielle in this episode as she unlocks the secrets of pricing for business success! From pricing's impact to the pitfalls of arbitrary pricing, this episode is your golden ticket to wealth-building, with the five principles for pricing triumph. Ensure you seize the opportunity to connect with Profit First Nation for continuous support, as your business success is the ultimate gem on this journey! TIMESTAMPS: [05:26] Discussion on the impact of pricing on business success...
Ep. 142- Don’t Be the Hub
October 17, 2023 18:18 - 25 minutes - 45.8 MBHow can you significantly increase your business’ value? In the latest Profit First Nation episode, Danielle shines a spotlight on the pivotal strategy of steering clear of the central hub role. Exploring the adverse effects on business valuation when entrepreneurs find themselves at the epicenter for their employees, customers, and suppliers. Danielle encourages entrepreneurs to proactively declare a future four-week vacation, setting the wheels in motion to diminish dependency...
Ep. 141 -Seas the Day and Take Your Vitamin See
October 10, 2023 20:08 - 25 minutes - 46.5 MBA well-structured schedule is essential to achieve permanent profitability in your business. In this episode, Danielle gives a picture-perfect, ideal schedule of successfully managing her time across her multiple companies, and her team members. Once you have mastered the ideal schedule, she unveils eight sure-fire tips to enhance the Vitamin SEE within your organization. If you are still trying to figure out what Vitamin SEE entails, this podcast will help you seas the day and keeping...
Ep. 140- Doing Profit First Right vs Ish: Question & Answers
October 03, 2023 23:58 - 29 minutes - 54.1 MBDanielle delves into dissecting 10 misconceptions or fallacies surrounding Profit First. This cash management strategy isn't intended to function autonomously; instead, it's meant to be applied meticulously, adhering to its principles. Fragmented utilization is not its intended approach. In this episode, Danielle outlines ten instances of business owners misapplying or misconstruing Profit First. Be sure to revisit this episode for a great “how-to” reference. IN TH...
Ep. 139- Resume Red Flags Too Costly to Ignore
September 26, 2023 14:40 - 26 minutes - 48.2 MBDanielle may hit a nerve or two in this episode when she highlights the RED FLAGS you cannot ignore when it comes to making 5-Star Employee Hires. For most businesses, PAYROLL is your biggest expense and can be a significant drain on your profitability when you make a hiring mistake. When your payroll is full of average, ho-hum, or worse employees – you need more labor at more expense to do the work that just one 5-Star Employee can accomplish. Remember: If 5-Star Employ...
Ep. 138- Profitable Insights with Mike Michalowicz
September 19, 2023 07:00 - 23 minutes - 31.8 MBMike Michalowicz shares the microphone with Danielle and responds to questions from listeners just like yourself. Listen in to understand his innovative, time-tested approaches to successfully managing a business in the zone of permanent profitability. Furthermore, Mike delves into the importance of enlisting a Profit First-Certified Accountant, Bookkeeper or Coach.. Stay tuned until the end of this episode for an exciting announcement Mike will share. IN THIS EPISODE: [00:39] Ques...
Ep. 137- The 8 Steps to Productize Your Service to Create a New Revenue Stream
September 12, 2023 07:00 - 27 minutes - 50.4 MBDanielle delves into a comprehensive process comprising eight steps for transforming your service or product into a marketable offering. These steps are universally applicable to a wide array of services or products. By implementing these steps in your business, you'll gain clarity and direction and, most importantly, establish a fresh source of revenue. Through illustrative examples and explanations, she presents the information in an easily understandable way. Get ready to take notes...
Ep. 136- Renee’s Profit First Journey
September 05, 2023 07:00 - 30 minutes - 27.7 MBIn this episode, we dive into Renee Moore's Profit First journey at Canine Craze Performance Center. Discover how she revamped her business by restructuring classes, introducing a membership model, and doubling consulting fees. Renee's story highlights the power of embracing change, pushing boundaries, and committing to Profit First principles for remarkable improvements in profitability and efficiency. Join us for an inspiring journey of transformation and growth. IN THIS EPISODE: ...
Ep. 135- Unlocking Cash Flow Secrets: AI's Impact on Bookkeeping and the Power of Sharing the Pie
August 29, 2023 04:00 - 26 minutes - 36.3 MBBillie Anne Grigg, the Chief Strategic Guide for Profit First Professionals and Danielle delve into cash flow and explore the role of AI in the context of bookkeeping.. Lastly, they shift their focus to the concept of a "piece of the pie." This seemingly unrelated notion is profoundly relevant to businesses. The discussion underscores how companies often diversify beyond their core focus when they should engage complementary business professionals to serve the client. Metaphorically, the pie...
Ep. 134 - How and Why to Let Employees Go
August 22, 2023 00:23 - 27 minutes - 49.6 MBHost Danielle Mulvey shares critical information on your bottom line! How do we increase profitability? In one or both of two ways because the only two ways are to increase margin and / or decrease expenses. Payroll often represents the largest expense in many businesses. Your average, ho-hum or worse employees who are collecting a paycheck and doing little to nothing to earn that paycheck are killing your profitability!!! In this episode, Danielle outlines four reasons why some em...
Ep. 133 Bonus - Motherhood, Apple Pie and All That Happy Horseshit
August 10, 2023 04:00 - 33 minutes - 45.9 MBDanielle and Cyndi Thomason, an expert certified in Profit First at the mastery level and the author of Profit First for E-commerce Sellers, explore the critical role of inventory in determining the success of your business. Cyndi shares valuable techniques for managing inventory levels and emphasizes the importance of maintaining distinct accounts. They will also investigate the advertising budget, highlighting the recommended percentage allocation for this aspect. This episode offers valua...
Ep. 133 - Mastering Inventory for E-Commerce Success: Expert Tips from Certified Profit First Professional Cyndi Thomason,
August 08, 2023 18:31 - 34 minutes - 47.1 MBDanielle and Cyndi Thomason, an expert certified in Profit First at the mastery level and the author of Profit First for E-commerce Sellers, explore the critical role of inventory in determining the success of your business. Cyndi shares valuable techniques for managing inventory levels and emphasizes the importance of maintaining distinct accounts. They will also investigate the advertising budget, highlighting the recommended percentage allocation for this aspect. This episode offers valua...
Ep. 132 - Boost Your Business's Value and Maximize Profit: 4 Strategies to Amplify Profitability
August 01, 2023 04:00 - 30 minutes - 41.4 MBDanielle presents a significant subject today, which holds importance regardless of the duration of your business. How can you increase the value of your business, ensuring a premium price/offer upon its sale? Business owners typically exit their business for one of three reasons. Begin strategizing for your exit today so your motivations align with your intended plans. In this episode, Danielle will outline four strategies that will amplify your business's profitability. IN THIS EPISO...
Ep. 131 - Unlocking Intentional Growth: 6 Steps for Increased Profitability and Deliberate Expansion
July 25, 2023 15:27 - 30 minutes - 42.1 MBWhat does intentional growth mean? We're not referring to the physical size of your premises or the number of employees you have. We're focusing on profitability scaling your business! In this episode, Danielle leads us through six steps for intentional growth. If you want deliberate expansion and increased profitability, you need to be purposeful in following these six steps.! IN THIS EPISODE: [00:00] The topic of the day is intentional profitability growth [00:49] No....
Ep. 130 - Mastering Profit First: A Comprehensive Guide to Allocating Funds for Financial Success
July 18, 2023 14:54 - 30 minutes - 42.1 MBIn today's episode, Danielle Mulvey guides us through the fundamental process of allocating funds in the Profit First system. Additionally, she highlights the contrast between Profit First and Advanced Profit First. Danielle provides an extensive overview of the three phases and the twelve steps that lead to financial success. It's important to note that Profit First is not a "set-it-and-forget-it" approach. The podcast also includes answers to viewers' questions. Make sure to have a pen and...
Ep. 129 - How to Leverage Indeed Job posts to Attract THE BEST Applicants
July 11, 2023 04:00 - 32 minutes - 45.4 MBToday, Danielle explores a significant cost for your business: payroll. Making the right hiring decisions can benefit your financial results or lead to major errors. Where can you locate 5-Star employees? Danielle provides statistics on where you will find candidates. She also provides a comprehensive overview of the Indeed Job Posts website, offering valuable insights on effectively recruiting through this job posts platform. IN THIS EPISODE: [00:00] Payroll is one of your business'...
Ep. 128 - Profit First Secrets Revealed: Mastering Initial Expenses and Achieving Profitability from Day One with Mike Michalowicz
July 04, 2023 04:00 - 17 minutes - 24.7 MBMike Michalowicz, the author of Profit First, addresses inquiries from the audience. He will delve into the initial expenses for budding enterprises and emphasize the importance of achieving profitability right from the beginning. He cautions against squandering funds on trivial items during the early stages of business establishment. Danielle invites you to a workshop on July 12th on Reverse Engineering, enabling you to ascertain your financial figures. This episode holds valuable informati...
Bonus Episode - Transform Your Restaurant into a Profitable Venture: Insights from Kasey Anton, Author of Profit First for Restaurants
June 29, 2023 04:00 - 16 minutes - 23.2 MBKasey Anton, the author of Profit First for Restaurants and founder of Spark Business Consulting, shares her thoughts with Mike shedding light on why some restaurants fail. Kasey has valuable advice on transforming your restaurant into a lucrative venture. Kasey will discuss the cost of a menu item, labor costs and the vital role culture plays in business success. Her book is available now, and the workbook is coming out shortly. Get a copy and see how profitable your restaurant can be. ...
Ep. 127 - Profitability Unleashed: Unveiling Kasey Anton's Insights on Analyzing Your Business and Igniting Marketing Ingenuity
June 27, 2023 04:00 - 30 minutes - 42.6 MBKasey Anton, the author of Profit First for Restaurants and founder of Spark Business Consulting, shares her thoughts with Danielle about analyzing your business's profitability. Her bottom line is to return to the basics. Reviewing your original business plan or bank statements can be an eye-opener on why your business thrives or is in trouble. Kasey will talk about her book, which is out today, and she also has some ingenious marketing ideas you won’t want to miss. IN THIS EPISODE: ...
Ep. 126 - Boost Your Profits: The Power of Done For You Services Unveiled by Danielle
June 20, 2023 04:01 - 23 minutes - 31.9 MBDanielle reveals her brilliant insight that has the potential to enhance your bottom line. Many clients desire a comprehensive project solution. Have you considered expanding your services to simplify the process for your client? Try integrating "Done For You Services" into your offerings. Clients are willing to pay more for a job fully complete. Danielle gives you an example of just how easy this can be. IN THIS EPISODE: [00:25] Danielle talks about designing the programming around ...
Ep. 125: Mastering Profit First: Expert Advice on Expense Categorization, Price Increases, and Inflation Preparedness
June 19, 2023 04:02 - 21 minutes - 19.7 MBIn today's episode, Billie Anne Grigg, a distinguished Chief Profit First Profession Guide, joins Danielle as they address listeners' questions about Profit First. Together, they delve into properly categorizing expenses and ensuring they are allocated to the appropriate accounts. Additionally, they tackle the often daunting prospect of raising prices. While this may seem intimidating for small business owners, they emphasize that it presents a unique opportunity to emulate the strategies em...
Ep 124 : Recruiting Five-Star Employees: A Guide to Error-Free Payroll Management and Effective Hiring Strategies
June 17, 2023 04:00 - 26 minutes - 49.4 MBDanielle will be presenting an episode on the effective recruitment of five-star employees. Managing payroll is a significant expenditure, making it crucial to avoid errors in this vital aspect of your business. Hiring the right employee doesn't have to be a guessing game. There are established structures and principles that can assist you in selecting the ideal candidate for any position. Additionally, Danielle offers a complimentary download for a brief four-minute exercise that serves as ...
Ep. 123: Unleashing the Power of Profit First: Jeff Wickersham's Journey to Financial Transformation and Mindset Mastery
June 16, 2023 04:02 - 29 minutes - 26.7 MBJoin us as we hear from Jeff Wickersham, an accomplished author, coach, and podcast host, who generously shares his firsthand encounter with the Profit First system. Jeff enthusiastically describes it as a "Game Changer" for his businesses, highlighting a surprising realization that a venture he believed profitable was experiencing financial losses. Additionally, Jeff introduces us to his podcast, the Morning Fire for Entrepreneurs, where he dives into the power of mindset and the transforma...
Ep. 122: The Impact Level Unveiled: Exploring the Essential Pillars of Business Success
June 15, 2023 04:02 - 21 minutes - 19.4 MBIn today's discussion, our primary focus is on the Business Hierarchy of Needs, specifically highlighting the Impact Level. Previous podcasts have already explored the Sales Level, Profit Level, and Order Level, all of which are accessible for you to listen to. Now, we focus on the Impact Level, where Danielle will delve into five distinct sub-topics within this domain. These areas are essential and directly influence your business, employees, and the community. Don’t overlook this crucial a...
Ep. 121: Supercharge Your Business with Profit First: Insights from Jake A. Carlson's Modern Leadership Journey!
June 14, 2023 04:02 - 30 minutes - 27.7 MBIn today's episode, Danielle is joined by Jake A. Carlson, who shares his journey with Profit First and provides information about his Modern Leadership podcast. Jake delves into the practical implementation of the Profit First account system in his businesses, even going beyond the standard required accounts. He presents fascinating examples of the system for profitability and cautions against common pitfalls. Additionally, Jake reveals his five leadership superpowers and offers a complimen...
Ep. 120: Profit First Q&A Extravaganza: Essential Accounts, Revenue Breakdowns, and Business Evaluations Unveiled
June 13, 2023 04:02 - 24 minutes - 22.1 MBToday is a dedicated episode for questions and answers, where Danielle addresses the most commonly asked questions in depth. Profit First's guiding principle is "When in doubt, add an account." Therefore, we will discuss essential accounts that every business should have and additional accounts for specific scenarios. We will also tackle inquiries related to actual revenue, compensation for owners, distributions, and how to allocate these funds. Moreover, you will gain insights into evaluati...
Ep. 119: Unlocking Employee Loyalty: The Five-Star Retention Strategy Revealed!
June 12, 2023 04:02 - 29 minutes - 27.1 MBIn the latest episode of Profit First Nation, Danielle unveils the Five-Star Retention Strategy and emphasizes the importance of wholeheartedly adopting this approach for any thriving entrepreneur. Throughout the episode, she will provide a comprehensive breakdown of each strategy, revealing the top three desires of employees. As a business owner who has effectively established your company, it is crucial to shift your attention towards nurturing your workforce. Get ready with a pen and be p...
Ep 118: Maximizing Business Profitability: Expert Tips from Mike Michalowicz on the Power of the Pareto Principle and Transformations in Banking
July 29, 2022 23:11 - 29 minutes - 40.6 MBIn this episode, we welcome back renowned business author and speaker Mike Michalowicz as we discuss crucial financial strategies for businesses. We explore how to make a transformation like moving from one business bank account to five, we also delve into the power of the Pareto Principle when it comes to managing your customer roster and maximizing profitability. Plus, we offer expert advice on how much to keep in your financial vault account for OpEx, and where and how to open you...
Ep 118 Another Great “8” Episode with Mike
July 29, 2022 23:11 - 29 minutes - 40.6 MBMike Michalowicz is back because it’s an episode ending in “8.” We talk getting comfortable with the uncomfortable when it comes to making a transformation like moving from one business bank account to five. We also talk about how to apply the Pareto Principle to your customer roster and how your customers impact your profitability. Additionally, we provide recommendations on what and how much to keep in your vault account for OpEx. Don’t forget that we have your back on where and how to ope...
Ep. 117: Maximizing Profitability: A Checklist for an Abundant Mindset and Infinite Opportunities
July 26, 2022 20:00 - 20 minutes - 47.5 MBIn this episode, we explore the powerful concept of abundance mindset and how it can help you unlock infinite opportunities for profitability. Our expert guest breaks down a checklist to help you get the right framework in place to achieve your financial goals. Plus, don't miss our special bonus resource - the Reverse Engineer Calculator Based on Owner’s Pay, available exclusively at www.ReverseEngineerCalculator.com. Tune in now and learn how to cultivate a mindset of abundance to m...
Ep. 117: Abundance
July 26, 2022 20:00 - 20 minutes - 47.5 MBWith a mindset of abundance there is peace and infinite opportunity. We break down a checklist and discuss how to get the right framework in place to maximize your profitability. SPECIAL BONUS RESOURCE: Reverse Engineer Calculator Based on Owner’s Pay available at www.ReverseEngineerCalculator.com
Ep. 116: Joe Wellbourn's Authentic Profit First Journey: From False Start to Permanently Profitable Business Owner with Carbon Marine
July 02, 2022 19:36 - 27 minutes - 51.8 MBJoin us for an inspiring conversation with Joe Wellbourn, founder of Carbon Marine, as he shares his authentic Profit First journey. Joe takes us through his false start and the challenges of driving blindly and by the seat of his pants before implementing the Profit First system. He discusses how he transformed his business from one that was struggling to make ends meet to a permanently profitable one. By following the Profit First framework, Joe is now able to work on his business ...
Ep. 116: Joe’s Profit First Journey
July 02, 2022 19:36 - 27 minutes - 51.8 MBJoe Wellbourn of Carbon Marine shares his authentic Profit First Journey, from a false start, driving blindly and by the seat of his pants to a permanently profitable business owner who is no longer a slave to the grind, and has cold, hard cash in the bank to correlate to his profitability.
Ep. 115: Mastering Credit Leverage with Profit First: Tips and Strategies
July 01, 2022 00:34 - 22 minutes - 41.6 MBIn this episode, Danielle Mulvey and Chief Profit First Professional Guide, Billie Anne Grigg, dive into the world of credit leverage and how it can be used to earn points and rewards while staying financially responsible. They also discuss the pitfalls of going credit crazy and offer tips and strategies for mastering credit leverage with Profit First. Make sure to check out www.SecondHalfStrong.com for exclusive live programming to boost your profitability with 1:1 Coaching, Strate...
Ep. 115: Leveraging Credit with Profit First
July 01, 2022 00:34 - 22 minutes - 41.6 MBYes, Virginia, you can leverage credit with Profit First to earn points and rewards! Join Danielle Mulvey and Chief Profit First Professional Guide, Billie Anne Grigg, to learn how to responsibly leverage credit while avoiding the pitfalls of going credit crazy. P.S. Check out www.SecondHalfStrong.com for exclusive live programming to make the next six months your most profitable with 1:1 Coaching, Strategic Advisory Sessions, Sprints, and Weekly Live Q&A.
Ep. 114: Unlocking the Secret to Building Your Dream Team with a 90% Hiring Success Rate
June 16, 2022 07:00 - 20 minutes - 37.7 MBLearn how to consistently build your dream team using The 5-Star Employee Rating System(TM), a powerful talent evaluation system. With a 90% hiring success rate, this system is essential for attracting and retaining 5-Star Employees. In addition to The 5-Star Employee Rating System(TM), discover four other secrets that are simple to implement with the right intention. Unlock the secret to building a winning team today!