Implementing Profit First in your interior design business can feel overwhelming. All of the new information may have you feeling like you’re trying to drink water straight from a fire hydrant. Usually, situations like this merit advice such as “take it one step...
Whether you’re an accountant or not, you probably have a general idea of how to manage your businesses’ money. The method you use may look something like: Make money through salesPay bills, supplies, and misc. expenses Then, if there’s money left, take a...
Restricted cash flow is always a symptom of an issue in your internal money management practices. Similarly to getting a diagnosis at the doctor – it’s often worth it to dig in and see if you can’t find out what’s causing the sickness you’re experiencing....
Maybe you’re a landscape business owner and you’ve heard about Profit First but haven’t committed. You’re curious and interested but not sure if you’re ready to take the plunge. You understand the gist of Profit First – creating a separate bank account for each...
While at times it might seem convenient to use your business account to pay for personal expenses and vice versa, it’s not a wise practice. In order to stay above reproach, keep things clean, and avoid legal issues later, it’s best to maintain a separation of church...
Flying blind never yields positive results. In fact, it leads to disaster – literally, in the case of airplanes, but figuratively as well. A pilot controlling a plane while wearing a blindfold would not be able to see his fuel gauge, navigation system, or even the sky...
