Profit First

Peace of Mind – and Money

 I know I seem pretty happy-go-lucky these days, but once upon a time, I was the poster child for financial stress. After selling a couple of businesses, I thought...

“Profit” Isn’t a Dirty Word – Why You Should Master Profit Distribution vs. Owner’s Compensation

 Since writing Profit First, I’ve heard quite a few comments (and eye rolls) over the word, “profit”, itself. This always makes me curious. What’s so bad about making a...

Mastering Profit First: Master Your Percentage Allocations

   At its core, Profit First is all about flipping the script on traditional accounting and prioritizing profit from day one. One of the key pillars of Profit First...

The Profit First Formula Explained

  Man, do I get hassled about  the Profit First formula.  Let me be clear, I do believe following the GAAP (Generally Accepted Accounting  Principles) is important so that when...

Get Out of the Survival Trap – For Good

How many decisions did you make for your business last year? Decisions to solve a problem, fix a mistake, decide whether or not to take advantage of an opportunity, add...

Organizing Your Cash Flow with Mike Michalowicz

 Summer is coming to a close, and for some, it means a big ramp-up into the old routine and the hustle and bustle that goes along with it. But...

6 Steps to Avoid Business Burnout

 Since April is Stress Awareness Month, it’s a great time to remind each other that we humans are - well, human. So here’s my big question to you: Are...

Relay is becoming the official banking platform for Profit First

Today, I’m thrilled to announce that Relay is becoming the official banking platform for users of Profit First. We’re joining forces because Relay is deeply committed to keeping business owners...

What the Heck is Profit First?

"What the heck is Profit First?" I heard this question a couple of years ago from across the room where I was speaking. An entrepreneur was explaining the system to...

Profit First- Hack to Habit

 Some people find it hard to begin the Profit First system because it requires discipline and dedication. It requires creating a budget and sticking to it, which can be...

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