Have you ever bought a book with the intention of reading it? How about knowing the book had a system to transform an aspect of your life and it’s sitting on one of your shelves?

You see where I’m headed, right?

I get a lot of emails and questions when I’m on the road about Profit First. The most common question I get asked about Profit First is how to get started.  Here is a list of five steps to get started with the Profit First system:

1. Read the book: Profit First provides detailed information on how to implement the system.
2. Determine your target allocation percentages: Use the percentages recommended in the book as a starting point, but adjust them as necessary to better fit your business.
3. Open separate bank accounts: Open a separate bank account for each of the categories identified in step 2.
4. Implement the system: Begin allocating funds to each account based on the target allocation percentages. The author suggests doing this on a regular basis, such as twice a month.
5. Monitor and adjust: Continuously monitor your accounts to ensure that you are staying on track with your target allocation percentages. Adjust the percentages as necessary to better meet your business needs.

I am wishing you health and wealth always.

-Mike

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