Profit First

This talk is based on “Profit First” is a groundbreaking book written by Mike Michalowicz that revolutionises the way entrepreneurs approach their finances and to business growth. The book introduces a unique system that prioritises profit in business operations, rather than treating it as an afterthought. Michalowicz’s core concept is to allocate a predetermined percentage of income as profit before considering any other expenses. By adopting this methodology, business owners gain clarity on their financial health and ensure profitability remains at the forefront of their operations. With practical strategies, insightful anecdotes, and step-by-step instructions, “Profit First” provides a game-changing framework for achieving financial success in any industry.

One of the key strengths of “Profit First” lies in its ability to simplify financial management for business owners. Michalowicz breaks down complex accounting principles and presents them in a clear and accessible manner. By implementing the Profit First system, entrepreneurs gain control over their cash flow, eliminate debt, and establish a sustainable financial model for their businesses. The book emphasizes the importance of regularly assessing financial progress, making necessary adjustments, and holding oneself accountable to ensure continued profitability.

Beyond the financial aspect, “Profit First” also delves into the psychological factors that influence financial decision-making. Michalowicz acknowledges the emotional roller coaster that entrepreneurs often experience, especially when it comes to money. He offers valuable insights into overcoming financial fears and adopting a proactive mindset. By reframing the way entrepreneurs view profit, the book encourages a shift in behaviour and prompts a commitment to building a financially thriving business.

In summary, “Profit First” is a game-changing book that introduces a revolutionary approach to financial management for entrepreneurs. With its simple yet effective system, the book helps business owners prioritize profit and make it an integral part of their operations. By providing practical strategies and addressing psychological barriers, “Profit First” empowers entrepreneurs to achieve financial success while maintaining a healthy and sustainable business.

You can buy the book here.

In this live-streaming session, Steve Mills, a renowned business growth advisor, will share his insights on Profit First, a cash management system designed to help entrepreneurs increase their profitability and financial stability.

During the session, Steve will cover the key principles and practices of Profit First, including:

• • How to allocate your income to different accounts to ensure you always have enough cash for your expenses, taxes, and profits

• • How to adjust your spending habits and pricing strategies to maximise your profits and minimise your expenses

• • How to use Profit First as a tool for financial forecasting, decision-making, and accountability

Steve will also answer your questions and provide personalised advice on how to implement Profit First in your business, regardless of its size or industry.

Whether you’re a startup founder, a small business owner, or a seasoned entrepreneur, this live-streaming session is a must-attend event for anyone who wants to take control of their finances and achieve long-term success.

Don’t miss this opportunity to learn from one of the most respected business advisors in the industry and discover how Profit First can transform your business and your life. Join us live on LinkedIn and get ready to profit like never before