If you’re like many business owners, you may be having difficulty being profitable on a continual basis. Especially with seasonal businesses, the ups and downs can be maddening. It’s almost impossible to imagine having consistent money flow. You’re not alone.
One of the best systems you can implement in your business is Profit First®, a process for managing money that addresses cash flow issues.
You might think that it’s a complicated system to set up, and that you’ll wait until the time is right to begin. But, the good news is, you can do something today. Yes, today! It’s easier than you think, and you’ll thank yourself later.
Bring Profit First® Into Your Business
Get started on better habits by doing just this one thing. Open 2 new bank accounts. One will be an account specifically earmarked for saving money to pay taxes. The other is to build profit. Even if times are lean, start by making a habit of transferring 1% of your incoming cash from the previous week into each of these 2 new accounts. Each and every week, transfer 1% into your tax account and 1% into your profit account.
It doesn’t seem like much in the beginning, but this is a powerful way to get off the profitability roller coaster. Drops in a bucket eventually cause that bucket to overflow. It’s painless and effective.
This is the basis of Profit First ®, a system of becoming permanently profitable. Stop “flying by the seat of your pants” and begin consistently earning a profit.
Curious? Schedule a complimentary 30-minute call with me.
Master Certified Profit First Professional
Advanced Certified QuickBooks ProAdvisor
Bill.com Guru Certified
Mentor Plus® Advisor
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