Set Your Business up with Profit First!
I am one of the select few, nationwide, that have achieved certification in Profit First. What does this mean for you? In addition to my coaching services, I will guide you with the methods to greatly increase the profitability of your business. Of course, I will guide you through the business challenges you face and I address the most important factor for any business - maximizing your profits.
This is for women entrepreneurs who are serious about running a profitable business, paying themselves and knowing the ins and outs of their operating expenses…
If you aren’t separating the profits your company is making and paying yourself well then you will continue to just get by with good enough. When we aren’t sure how we can pay ourselves more, how we are going to ride the waves of inconsistent/seasonal income or even what our profit margins are, we lose clarity. And when we lose clarity, we lose confidence.
If you're ready to become CONFIDENT, ORGANIZED and EFFECTIVE WITH YOUR MONEY– keep reading..
What is Profit First:
Originally a book written by Mike Michalowicz
With Profit First, you take a predetermined percentage of profit from every sale first, and only the remainder is available for expenses.
Sales – Profit = Expenses. NOT Sales – Expenses = Profit
Creation of 5 different bank accounts: Income, Profit, Owner’s Pay, Taxes, and Operating Expenses
Based on Parkinson’s law: when we have more of something, we use more it. By taking profit first, the money available for expenses lessens, and we are forced to find ways to get the same things done for less money.
A method of identifying cash flow rhythms
A financial structure for how you operate you business finances
—> This is the perfect fit for you, if… <—
Truthfully, you don’t even really have a budget that’s useful to you.
You have an idea of what you can spend each month, but struggle sticking to the “budget” (which is why it’s useless).
You feel like you aren’t spending your money wisely and have no concrete direction with your money.
You aren’t paying yourself a comparable salary for what you do yet you aren’t sure you can really afford to pay yourself more.
You log on to your bank account just to check balances, but don’t have a plan to hit any target. And when you do try you often feel intimidated, unsure where to start, and quit.
You aren’t setting aside your earned profit margins
You're ready to act like a powerhouse CEO and run a profitable company!
I promise you, Profit First implementation is the solution you need. I use it. My clients use it and we have all increased our profit margins. You have an impact to make and it’s going to take money. Jump in on this, you won’t regret it.