My commitment is to make the entrepreneurial journey simpler for you, week by week.
This week’s focus: How to break free from unexamined spending loops. Check out The Weekly Wake Up here.
The core concept: Profit isn’t a maybe. It’s a must.
Do this: Run the Profit First Instant Assessment to see where your money is actually going. Small shifts in allocation today will change your business forever.
Not that: Don’t assume profit will “just happen” one day. If you’re waiting to be profitable, you’ll never get there. Profit is a habit, not an accident.
Dig Deeper:
- Run the numbers. Assess where your revenue is going.
- Compare to TAPs. See if you’re over- or under-allocating in key areas.
- Start small. Even shifting 1% to profit builds financial discipline.
- Trim expenses. Find and cut unnecessary costs.
- Pay yourself first. Stop sacrificing your income for the business.
My final thought: If you’re not taking profit first, your business is running you and not the other way around. The Profit First Instant Assessment gives you clarity, control, and actual profitability.
Run your numbers. Make adjustments. Start keeping more of what you earn.
I wish you health and wealth.
-Mike
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Upcoming events:
New! Weekly Advisory Hours with Danielle Mulvey (plus, occasional surprise guest hosts!): Got questions? Need insights? Want to connect with fellow entrepreneurs? Join our new weekly advisory hours – a casual drop-in session to discuss this week’s topic hosted by Danielle Mulvey (The ALL IN Company). Stop by, ask anything, and network with like-minded business owners.
When: Weekly, Saturday mornings 9am eastern (6am pacific)
How: Virtually. Sign up here: https://calendly.com/
The Writer’s Lab is coming up! Join me March 10-11 for a two-day event with top publishing pros to master self-publishing, traditional, and hybrid methods, plus learn how to create a winning proposal. Register now for an exclusive discount!
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More resources for you: