Make a Profit - on purpose!
What is profit anyway?
It’s the “Bottom line”.
Not important. Can’t control it. Why do we care about it?
In fact...most small business entrepreneurs AVOID having much “profit” at all to avoid tax liability.
Sure, nobody wants to see hard earned dollars flying out the door for a cause you can’t control.
.....So we overspend, inflate expenses and plow back the profits as investments/improvements in the business. So the thing you leave for last is now suddenly a one-man band (without a plan)!
Whoops!
Wait… are you telling me I can make a profit… on purpose? How?! With Profit First!
So what is Profit First?
This system “forces” you to be intentional with your hard earned cash. Are you running your business or is it running you?
Implementing the Profit First system gives you a guidepost to cash flow – what to expect for the ratios of profit, owner’s compensation package, planning for taxes and keeping operating expenses lean – all calculated on your annual revenue bracket. The age and stage of your business matters – but if you are slowly burning through your profits year over year, it is not sustainable. Quickly burning through cash certainly isn’t sustainable!
Our team of Certified Profit First Professionals and Extraordinary Bookkeepers can help you assess where your business profit health stands – and how to make your goals a reality.
This is Reason #1 to Implement Profit First in 2024 — make a profit… on purpose. Take back control of your business!