If you think you can’t grow your business because you’re taking profit first, you’re wrong.

I know, I get it. From a mathematical standpoint it may not make sense. Until you do it. 

Hundreds of thousands of businesses have implemented and amassed incredible growth through Profit First. Something is working!

Some small businesses are afraid that if they take their profit first that they may impede their growth trajectory. This is a huge Profit First Myth.

The data doesn’t lie. Small businesses that implement Profit First grow faster than their contemporaries. This is because while it may not make mathematical sense immediately, it does make behavioral sense. 

Profit First is a cash management system, which forces new management of your behaviors, too. Instead of paying your expenses first, you allocate a portion of your money to your profit account. This restricts your spending, and you become more selective in how you spend and what on. You will become more aware of your return in investment and the choices you make.

Conversely, when all of the money in your business is available to spend, you will. And your profit account will sit empty. Ouch. 

Summary? Businesses that implement Profit First grow faster because they are more focused on how they use their money. Be like them!

If you need some guidance on where to start, check out this Profit First One Sheet, which has an awesome outline to get you started. And as always, working with a Profit First Professional can help ensure you’re doing Profit First right!

Wishing you all the profit!

You’ve Got This!

– Mike