profit

Tight Cash Flow and Rising Inflation? Here’s How to Keep Moving Forward with Fix This Next

As the year draws to a close, I know that inflation and tight cash flow are weighing on the minds of many business owners. It’s completely normal to feel the...

Fix This Next: The Simple Way to Pinpoint What’s Stalling Your Business

There’s a moment every entrepreneur faces. It’s that gut feeling that something isn’t quite right, but you can’t put your finger on it.  You’re working hard, making sales, handling clients,...

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...

Your Money and Emotions – Breaking the Money Shame Cycle with Profit First

Not everyone talks about it, but everyone feels it: managing money is a source of anxiety.  It's easy to feel like your self-worth is tied to your business's bottom line....

“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...

The Prosper Group: Explained

   Running your small business can be tricky. Sometimes you're not quite sure if you're company is living up to its potential. If only you could have accounting, expert...

How to Use AI and Automations in Your Business – and Stay Human at the Same Time

 As much as I love automating systems, AI has me taken aback a bit.  Show of hands - Is anyone else giving AI the side eye? I mean. It...

Does Your Recruiting Strategy Create More Profitability?

 Here’s something to check on: Does your recruiting strategy ultimately provide your small business with profitability?  To get the right talent, you need to ensure that you recruit for...

Listen to Mike’s podcasts on your favorite app: