New Membership Organizations and Parkinson’s Law with Erica Wernick

February 8, 2016

New Membership Organizations and Parkinson’s Law with Erica Wernick

Show Summary

In Episode 66 of the Profit First Podcast, Mike Michalowicz, Chris Curran, and Kristina Bolduc welcome guest Erica Wernick, founder of LA Bound: a business that helps aspiring TV and Movie Actors/Actresses/Experts achieve their goals in Los Angeles. In this episode we learn what a new membership organization is like. We discover the essence of Parkinson’s Law: that every penny made is also spent. We guide Erica through her first step toward Profit First in setting up different allocation accounts, including running a basic profit assessment. In this episode we also explain cost vs. investment. Make sure to tune in for a future episode where we invited Erica back after she implements Profit First!

Our Guest

Erica Wernick is a Graphic Designer for television, and Founder of LA Bound: The Ultimate Guide to Moving to Los Angeles. You may have seen her work on hit TV shows like “Glee”, “The Office”, “Entourage”, or “The Middle”. After working on over 20 TV shows, and developing an obsession with wanting to help anyone struggling to land their own LA dream job, Erica started her business, LA Bound. She probably would love long walks on the beach, but LA traffic makes it impossible to confirm.