Profit First Nation artwork

Profit First Nation

299 episodes - English - Latest episode: 7 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

Management Business Entrepreneurship business entrepreneur entrepreneurs money profit profitfirst
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Episodes

Ep. 114 Five Secrets to Building a Team of 5-Star Employees

June 16, 2022 07:00 - 20 minutes - 37.7 MB

With a solid employee and candidate talent evaluation system, like The 5-Star Employee Rating System(TM), you can start to consistently and repeatedly build your dream team with a 90% hiring success rate. The four other secrets are key to attracting and retaining 5-Star Employees and are super simple once you apply some basic intention around them.

Ep. 113: From Radiology Tech to Luxury Photographer: Felicia Reed's Profit First Journey to Success

June 11, 2022 01:55 - 30 minutes - 57 MB

Join Felicia Reed as she shares her incredible journey from radiology tech to luxury portrait photographer charging over $6,000 per client in just five years. Learn how Felicia implemented Profit First and made money-making moves that led her to purchase her first commercial building.   Plus, listen closely and count how many times Felicia mentions her amazing Mastery-Certified Profit First Professional, Venus Michael! Don't miss this inspiring episode on achieving financial success in...

Ep. 113 Felicia Reed’s Profit First Journey

June 11, 2022 01:55 - 30 minutes - 57 MB

From radiology tech to luxury portrait photographer charging over $6,000 per client in five years, Felicia Reed, shares her money making moves and her Profit First journey that has led her to purchasing her first commercial building. Bonus to whoever can count how many times we mention Felicia’s AMAZING Mastery-Certified  Profit First Professional, VENUS MICHAEL, in this episode!

Ep. 112: Mastering the Power of Planning for a Strong Second Half of 2022

June 02, 2022 07:00 - 25 minutes - 46.6 MB

Discover the power of planning and how it can transform your life, family, business, week, and day. In this episode, learn how to layer your plans to set powerful intentions that become your reality. With the second half of 2022 approaching, now is the time to get planning and make it your strongest yet.   Join us as we explore the secrets to mastering the power of planning and achieving your goals. Don't miss this episode on taking control of your life and achieving success.

Ep. 112: An Idiot with a Plan Can Beat a Genius without a Plan

June 02, 2022 07:00 - 25 minutes - 46.6 MB

The power of a single plan is is mighty, but when you layer the plans for your life, your family, your business, you week, and your day the intentions you are setting become your results and reality. It’s time to get planning to make your second half of 2022 STRONG.

Ep. 111: Automate Your Profit First Allocations with NorthOne - The Bank that Embraces Profit First!

May 27, 2022 16:12 - 26 minutes - 37.7 MB

Rejoice! NorthOne, the bank that embraces Profit First, is here to automate your Profit First allocations. Join co-founder and CEO, Eytan Bensoussan, as he walks us through how to use NorthOne's sub-account envelopes to streamline your Profit First system. With NorthOne, you can open your account from the comfort of your own home in no time at all.   And as a bonus, Profit First Nation listeners can get a $50 bonus when they open their NorthOne account using the link provided. Don't mi...

Ep. 111: Automate Allocations with NorthOne

May 27, 2022 16:12 - 26 minutes - 37.7 MB

Cue the confetti!!!! FINALLY, a bank that embraces Profit First!!!! NorthOne’s co-founder and CEO, Eytan Bensoussan, walks us through how to automate your allocations using their sub-account envelopes. With NorthOne you can open your account from your comfy couch in no time at all! BONUS: Profit First Nation listeners get a $50 BONUS when they open their NorthOne account using the link: https://apply.northone.com/profitfirst CHECK OUT our visual recap that walks you through how easy it is ...

Ep. 110: COGS + Subs: Answers to FAQs

May 20, 2022 17:04 - 21 minutes - 51.5 MB

Today we dive into the finer details of Advance Profit First applications - including how to calculate Real Revenue when COGS (Materials) and/or Subcontractor costs account for 25% or more of your total sales.  Additionally, we remind you and include as a BONUS RESOURCE to complete the Reverse Engineer Calculator based on Owner’s Pay to get your business on an accelerated path to profitability while also answering more of your questions. Visit www.ProfitFirstNation.com/contact in order to ...

Ep. 110: Mastering Advance Profit First Applications: Calculating Real Revenue and Reverse Engineering for Accelerated Profitability

May 20, 2022 17:04 - 21 minutes - 51.5 MB

Join us as we dive into the finer details of Advance Profit First applications. Discover how to calculate Real Revenue when COGS (Materials) and/or Subcontractor costs account for 25% or more of your total sales.   Plus, as a bonus resource, learn how to complete the Reverse Engineer Calculator based on Owner's Pay to get your business on an accelerated path to profitability. We also answer more of your burning questions about Profit First.    Don't miss this episode on taking you...

Ep. 109: Six Strategies for Recruiting

May 19, 2022 07:00 - 25 minutes - 60.1 MB

Get more candidates by going ALL IN on your recruitment to attract 5-Star Candidates while repelling 1, 2, and 3-Star Duds. From tweaking the title in your job posting to wooing candidates we cover six game-changing strategies to improve your candidate pool. REMEMBER: 1, 2, and 3-Star Employees KILL your profitability so never settle for less than 5-Star Employees.

Ep. 109: Attracting 5-Star Candidates: Game-Changing Recruitment Strategies for Your Business

May 19, 2022 07:00 - 25 minutes - 60.1 MB

Are you struggling to attract 5-Star Candidates to your business? In this episode, we reveal six game-changing strategies to improve your recruitment process and attract the best talent.   Learn how to tweak your job postings, woo candidates, and go all in on your recruitment efforts to repel 1, 2, and 3-Star Duds. Remember, settling for less than 5-Star Employees can kill your profitability.    Don't miss this episode on mastering your recruitment strategy and building your dream...

Ep. 108: From Struggling to Successful: Entrepreneurs Share Their Journeys with Mike Michalowicz

May 10, 2022 19:11 - 25 minutes - 59 MB

Join us for another great episode ending in the number eight as Mike Michalowicz shares emails from his inbox. Hear inspiring stories from entrepreneurs who have gone from poor, struggling, and not paying themselves to achieving financial success and greater presence and peace in their lives.    Discover the secrets to their success and learn how you can apply their strategies to your own business. Don't miss this episode filled with real-life stories of triumph and inspiration.

Ep. 108: From Poor Entrepreneurs to Quite Well-to-Do

May 10, 2022 19:11 - 25 minutes - 59 MB

Another GREAT episode ending in the number eight, so Mike Michalowicz is in the studio to share emails from his inbox. Nothing beats hearing from entrepreneurs who have gone from poor, struggling, and not paying themselves to quite well-to-do with more presence and peace.

Ep. 107: Wendisms

May 09, 2022 16:30 - 28 minutes - 54.3 MB

Wendi Hall, CPA and Mastery-Certified Profit First Professional, joins us to share some of her signature “Wendisms” for practical and thoughtful principles around money and mindset.

Ep. 107: Money Mindset and Practical Principles with CPA and Mastery-Certified Profit First Professional, Wendi Hall

May 09, 2022 16:30 - 28 minutes - 54.3 MB

In this episode, we are joined by Wendi Hall, CPA and Mastery-Certified Profit First Professional, as she shares her signature "Wendisms" for practical and thoughtful principles around money and mindset.   Discover the secrets to developing a healthy money mindset and learn how to apply practical principles to your financial planning. From managing your cash flow to cultivating a mindset of abundance, Wendi shares her expert insights and strategies for success.   Don't miss this e...

Ep. 106: The Order Fixes

April 21, 2022 07:00 - 24 minutes - 46.2 MB

If the area of biggest need to FIX in your business is in the ORDER level - then this is the episode for you. We walk through the five ORDER fixes from Minimum Wasted Effort to Role Alignment to Linchpin Redundancy and more. Plus, we challenge you with 17 very specific opportunities to get your ORDER level dialed in just right so you can ideally move up to the next level in the Business Hierarchy of Needs.

Ep. 106: Fixing Your Business at the Order Level: 5 Key Strategies for Success

April 21, 2022 07:00 - 24 minutes - 46.2 MB

Are you struggling to improve the efficiency and effectiveness of your business at the Order level? Look no further than this episode, where we walk you through five key strategies for success.   From Minimum Wasted Effort to Role Alignment to Linchpin Redundancy and more, discover the secrets to optimizing your Order level and moving up the Business Hierarchy of Needs. Plus, we challenge you with 17 specific opportunities to fine-tune your Order level and achieve optimal performance. ...

Ep. 105: Both + And

April 15, 2022 20:41 - 24 minutes - 45.6 MB

Billie Anne Grigg, Profit First Professional’s CHIEF PROFIT GUIDE, joins us to talk ADVANCED PROFIT FIRST STRATEGIES, covering credit cards, QuickBooks, and why you may need to do “Both + And” when it comes to adjusting allocations during this period of insane inflation.

Ep. 105: Advanced Profit First Strategies: Expert Insights from Billie Anne Grigg, Profit First Professional’s Chief Profit Guide

April 15, 2022 20:41 - 24 minutes - 45.6 MB

Are you ready to take your Profit First strategy to the next level? Join us for this episode featuring Billie Anne Grigg, Profit First Professional's Chief Profit Guide, as she shares her expert insights on advanced Profit First strategies.   Discover how to leverage credit cards and QuickBooks to maximize your profitability, and learn why it's important to do "Both + And" when adjusting allocations during periods of inflation. With Billie Anne's guidance, you'll be equipped to take yo...

Ep. 104: From Accountant to Part-Time Mermaid: Tracy Jepson's Journey to Building Her Dream Team and Opening a Scuba Shop

April 08, 2022 16:08 - 29 minutes - 42.1 MB

Join us for this inspiring episode as Mastery Certified Profit First Professional, Tracy Jepson, shares her journey from accountant to part-time mermaid and successful entrepreneur. Tracy shares how she built her dream team and empowered them to go all in on their roles, giving her the freedom to pursue her passion for scuba diving and open her own scuba shop, Flying Fish, in Topeka, Kansas.   Learn how Tracy applied Profit First principles to achieve financial success and create a bus...

Ep. 104: Dream Team Made Her A Mermaid

April 08, 2022 13:50

How does one go from being an accountant to adding a side gig as a part-time mermaid??? Mastery Certified Profit First Professional, Tracy Jepson maps out how she went from solo-preneuer to building her dream team who go ALL IN on their roles so she gained the freedom to open a scuba shop, Flying Fish, in Topeka, Kansas.

Ep. 104: Dream Team Made Her A Mermaid

April 08, 2022 13:50

How does one go from being an accountant to adding a side gig as a part-time mermaid??? Mastery Certified Profit First Professional, Tracy Jepson maps out how she went from solo-preneuer to building her dream team who go ALL IN on their roles so she gained the freedom to open a scuba shop, Flying Fish, in Topeka, Kansas.

Ep. 103: Discover the Power of AI and an Irresistible Offer for Business Growth with Mark Coudray

March 31, 2022 12:04 - 20 minutes - 28.7 MB

Mark Coudray joins the show once again to share his insights on how artificial intelligence can help businesses determine their competitive advantage and identify areas for growth. He also dives into the concept of an "Irresistible Offer" and how crafting one can boost your business's profitability and cash flow.   This episode is a must-listen for any business owner looking to leverage technology and strategic thinking to take their business to the next level.

Ep. 103: Competitively Unique

March 31, 2022 12:04 - 20 minutes - 28.7 MB

Mark Coudray, the 2019 Profit First Professional of the Year, is back with some more of his brilliance and insight. This time we talk about leveraging AI to determine what makes your business competitively unique and what impact having an “Irresistible Offer” can make on your growth, profitability, and cash flow.

Ep. 102: Taylor & Hastin’s MAGIC Profit First Journey

March 25, 2022 00:50 - 28 minutes - 40.7 MB

They acquired a laundromat thinking they were fulfilling Hastin’s childhood dream of owning a laundromat, but the struggle was more the tale of a nightmare. They were bleeding cash, and expenses just seemed to increase month over month. After reading Fix This Next and Profit First, Taylor and Hastin took the Fix This Next Assessment and connected with Danielle. Taylor attributes their turnaround in less than a year to MAGIC, but it really was just their commitment to doing Profit First RIGHT.

Ep. 102: How Fix This Next and Profit First Saved a Failing Laundromat

March 25, 2022 00:50 - 28 minutes - 40.7 MB

They acquired a laundromat thinking they were fulfilling Hastin’s childhood dream of owning a laundromat, but the struggle was more the tale of a nightmare. They were bleeding cash, and expenses just seemed to increase month over month.   After reading Fix This Next and Profit First, Taylor and Hastin took the Fix This Next Assessment and connected with Danielle. Taylor attributes their turnaround in less than a year to MAGIC, but it really was just their commitment to doing Profit Fir...

Ep. 101: Unlocking Business Success: The Five Stages That Drive Profit

March 17, 2022 21:07 - 22 minutes - 32.3 MB

Join us on this episode as we explore the five stages that drive profit and discover the key strategies that can help you increase your leverage and effectiveness in each stage. From creating a solid foundation to scaling your business, we'll cover it all and help you unlock the path to success.

Ep. 101: The Sum of All Things

March 17, 2022 21:07 - 22 minutes - 32.3 MB

Of course it is never one thing, but the sum of all things that drives your success. On this episode we review the five stages that drive profit and cover the strategies that can increase your leverage and effectiveness in each of these critical stages.

Ep. 100: An FAQ Buffet

March 10, 2022 14:37 - 23 minutes - 33.8 MB

Another episode ending in “0” means it is time to answer your questions, so we are serving up an “FAQ Buffet” covering topics ranging from handling “reservation deposits” to paying personal liabilities like child support, getting a partner onboard with Profit First, podcasts that tie into Mike Michalowicz’s other books, pricing strategy, and more! Our 100th episode serves up a feast for all entrepreneurs including a special invite to a LIVE WEBINAR event on Thursday, March 24th @ 1pm PT / 4p...

Ep. 100: Profit First FAQ Buffet: Answering Common Questions for Entrepreneurs

March 10, 2022 14:37 - 23 minutes - 33.8 MB

Celebrate our 100th episode with us as we serve up an "FAQ Buffet" covering a wide range of topics important to entrepreneurs. From handling reservation deposits to paying personal liabilities like child support, we'll answer your burning questions and offer insights and strategies for success.   Plus, don't miss our special invitation to a live webinar event on Thursday, March 24th at 1pm PT / 4pm ET. Tune in and join the feast!

Ep. 99: Building Your Dream Team: How to Avoid the Seven Most Common Hiring Mistakes

March 03, 2022 06:00 - 27 minutes - 39.2 MB

Your employees can make or break your business, so why settle for average or worse? Join us as we show you how to go ALL IN on recruiting, hiring, and retaining 5-Star Employees and build your Dream Team.   We'll guide you through the process of avoiding the seven most common hiring mistakes and give you the tools you need to succeed.    Don't miss out on this essential episode for any entrepreneur looking to take their business to the next level.

Ep. 99: Going ALL IN on Hiring

March 03, 2022 06:00 - 27 minutes - 39.2 MB

Employees will ultimately make or break you and your business. Why settle for average, ho-hum, or worse employees. When you go ALL IN on recruiting, hiring and retaining 5-Star Employees you can build your Dream Team. We’ll get you started on building your Dream Team of 5-Star Employees by walking you through exactly “How to Avoid the Seven Most Common Hiring Mistakes.”

Ep. 98: “It’s Always ‘No,’ Unless You Ask

February 25, 2022 18:33 - 20 minutes - 29.5 MB

Another episode ending in “8” means Mike Michalowicz is joining us to share his inbox. Yes, Mike Michalowicz reads your emails because we are here to support you on your Profit First journey! On today’s episode, we cover your Tax Account from a few angles and how Profit First works for non-profits. Plus, we cover how and why it’s important to treat a “hobby business” like a real business. (Hint: Stop calling it a “hobby business.“)

Ep. 98: Ask Mike Anything: Tax Accounts, Non-Profits, and Hobby Businesses

February 25, 2022 18:33 - 20 minutes - 29.5 MB

It's time for another Ask Mike Anything episode, where Mike Michalowicz reads and answers your emails to support you on your Profit First journey.   Join us as we cover tax accounts from different angles, discuss how Profit First can work for non-profits, and explore the importance of treating a "hobby business" like a real business (and why you should stop calling it a "hobby business").   Don't miss this opportunity to get your questions answered by the Profit First master himse...

Ep. 97: The Business Multiplier: Coudray’s Law for Profitable Growth

February 18, 2022 00:21 - 30 minutes - 43.7 MB

Join us as we sit down with Mastery-certified Profit First Professional Coach, Mark Coudray, to learn about his business multiplier theory, Coudray's Law.   With his no-nonsense and direct approach, Mark has positively impacted thousands of businesses, and he's here to share practical opportunities for improving the efficiency and profitability of your own business.    Don't miss this jam-packed episode full of insights and strategies for profitable growth!

Ep. 97: Coudray’s Law

February 18, 2022 00:21 - 30 minutes - 43.7 MB

Mastery-certified Profit First Professional Coach, Mark Coudray, has positively impacted thousands of businesses with his no nonsense and direct brilliance when it comes to profitably growing one’s business. In addition to sharing his business multiplier theory, aptly titled Coudray’s Law, Mark jam-packs this episode with practical opportunities to improve the efficiency and profitability of our businesses.

Ep. 96: Profit First Done Right: Clearing Up Misconceptions and Naysayers

February 10, 2022 17:31 - 23 minutes - 34.7 MB

Don't let naysayers and misconceptions about Profit First hold you back from achieving permanent profitability in your business.   Join us as we set the record straight and show you how to do Profit First "RIGHT." We'll debunk common myths and offer practical insights and strategies for implementing Profit First effectively and efficiently.    Don't miss out on this essential episode for any entrepreneur looking to take their business to the next level!

Ep. 96: The Top 8 Myths of Profit First

February 10, 2022 17:31 - 23 minutes - 34.7 MB

Don't be fooled or mislead by naysayers and those who have failed to implement Profit First right. We set the record straight so that you can progress efficiently down the path to permanent profitability by doing Profit First “RIGHT.”

Ep. 95: Profit First for Larger Businesses

February 03, 2022 22:05 - 19 minutes - 29 MB

It’s an episode ending in “-5” so Billie Anne Grigg, our Chief Profit Guide at Profit First Professionals HQ is back and we are talking about how Profit First is even more critical for larger businesses and the expenses grow and become much larger chunks that could adversely affect your profitability.

Ep. 95: Profit First for Larger Businesses: Managing Expenses for Permanent Profitability

February 03, 2022 22:05 - 19 minutes - 29 MB

Join us as we welcome back Billie Anne Grigg, Chief Profit Guide at Profit First Professionals HQ, to discuss how Profit First is even more critical for larger businesses. As expenses grow and become larger chunks that could adversely affect your profitability, it's important to have a solid system in place for managing your finances.   We'll explore practical strategies and insights for implementing Profit First effectively in larger businesses and achieving permanent profitability. D...

Ep. 94: The PROFIT Fixes

January 30, 2022 22:15 - 26 minutes - 38.3 MB

It’s time to revisit the PROFIT Level fixes from Mike’s book, “Fix This Next.” We knock out five topics including Debt Eradication, Margin Health, Profitable Leverage, and more with 17 very specific fixes you can apply to effectively fix your businesses’ biggest need on the Profit Level. 

Ep. 94: 17 Fixes for Achieving Profit Level Permanently: Lessons from "Fix This Next

January 30, 2022 22:15 - 26 minutes - 38.3 MB

Join us as we revisit the PROFIT Level fixes from Mike Michalowicz's book, "Fix This Next." We'll cover five key topics, including Debt Eradication, Margin Health, and Profitable Leverage, and share 17 very specific fixes you can apply to achieve permanent profitability in your business.   Whether you're just starting out or looking to take your business to the next level, this episode is packed with insights and strategies for achieving long-term financial success. Don't miss out!

Ep. 93: Never Budget Again

January 20, 2022 20:07 - 22 minutes - 33.1 MB

If the “B” word makes you cringe or want to throw up then “Budgets” are not for you! Mastery-certified Profit First Professional and CPA, Wendy Barlin, talks us through the radically brilliant notion of Never Budgeting Again and the amazing impact it can actually have on your business and your savings.

Ep. 93: Never Budget Again: A Radical Approach to Business Finance with Wendy Barlin

January 20, 2022 20:07 - 22 minutes - 33.1 MB

Are budgets the bane of your existence? Mastery-certified Profit First Professional and CPA, Wendy Barlin, is here to share a radically brilliant notion: Never Budgeting Again. In this episode, we'll explore how this approach can have an amazing impact on your business and savings.   You'll learn practical strategies and insights for managing your finances without traditional budgeting, and discover a new way to approach your business finances that will help you achieve permanent profi...

Ep. 92: Back From the Abyss: Steve’s Profit First Journey

January 14, 2022 21:41 - 27 minutes - 39.4 MB

Just over one year ago, Steve provided an answer on our resource page opt-in’s optional question, “How can your Profit First Guide, Danielle Mulvey, better serve you?” His reply was, “Use this program to come back from the edge of the abyss of debt, no profit and no owner’s comp.” SPOILER ALERT: He is a Profit First ROCK STAR and he is on the episode to share his journey back from the abyss.

Ep. 92: From Debt to Profit: One Entrepreneur's Journey with Profit First

January 14, 2022 21:41 - 27 minutes - 39.4 MB

Join us as we speak with Steve, a Profit First ROCK STAR, about his journey back from the abyss of debt, no profit, and no owner's compensation.   Discover how Steve used the Profit First system to transform his business and achieve permanent profitability. We'll explore practical strategies and insights for implementing Profit First, overcoming common challenges, and building a more successful business.   Whether you're struggling with debt or just looking to improve your financi...

Ep. 91: Don’t Get Stymied

January 07, 2022 21:55 - 27 minutes - 40 MB

Sometimes the best of intentions lead us down the right path. It’s all too easy to get “stymied” in our business - especially when it comes to our financials and doing Profit First “right.” Profit First Professional’s “Wonder Woman,” Kasey Anton, from SPARK Business Consulting, walks us through the six common stymies to stop doing and how to fix them STAT. <> Complete Kasey’s FIX THIS NEXT Assessment Tool @ https://spark.fixthisnext.com/

Ep. 91: Overcoming Stymies: 6 Common Obstacles to Doing Profit First Right

January 07, 2022 21:55 - 27 minutes - 40 MB

In this episode, Kasey Anton, a Mastery-certified Profit First Professional, shares the six common stymies that can hinder your progress in doing Profit First right. She also offers practical tips and strategies to overcome these obstacles and achieve financial success in your business.   Plus, she invites listeners to take her Fix This Next Assessment Tool to identify the critical needs of their business.

Ep. 90: Banking and Payroll for Profit First Businesses: Your Burning Questions Answered

December 30, 2021 19:40 - 18 minutes - 27.4 MB

In this episode, we dive into some burning questions related to banking and payroll for Profit First businesses.   We cover a range of topics, including the best types of bank accounts to use, how to choose the right bank for your business, and how to handle allocation day when paying employees with variable compensation such as commissions or percentage-based pay.    Whether you're just starting out or you're a seasoned business owner, this episode is full of valuable insights to...

Ep. 90: Banking FAQs + Variable Employee Pay

December 30, 2021 19:40 - 18 minutes - 27.4 MB

Answers to your burning banking questions plus how to handle allocation day with variable employee pay such as commissions and percentage-based compensation.