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 difficult for those who are used to spending more freely. Additionally, it requires that entrepreneurs set aside a portion of their profits for savings, which can be a difficult decision for those who want to reinvest their profits back into their business.

Oh. And five business accounts.

The Profit First system is designed to help small business owners save money. It teaches owners to set aside a portion of their profits into savings and to use the remaining money to pay expenses, pay themselves a salary, and reinvest back into the business. This system helps small business owners prioritize their savings goals and manage their money more effectively.

Still resistant? Start with this hack.

Save a dollar a day.

That’s it – to start. Saving a dollar a day can help you build good money habits. It can help you become more mindful of your spending, and help you prioritize what is important to you. Over time, it can help you become more disciplined and focused on creating a budget that works for you. Additionally, when you save a dollar a day, you are taking advantage of compound interest and can build up a larger nest egg over time.

If you’ve felt resistance to implementing Profit First in your business, start with the small, daily habit of saving a buck a day. Soon your jar will be full and you won’t be able to wait to open those accounts.

You’ve Got This!

-Mike