301: How I use the Profit First system in my podcasting business.
Podcasting Business School
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The Profit First System
The profit first system divides money into four areas: owners, compensation, taxes, operating expenses, and what he calls profit. Each of those accounts should have a separate banking account so that it's really hard for you to just use this money to do this and kind of milk the ice cream together. "This isn't financial advice. I am just telling you what I've done, how I've applied this system and how it has really helped me," says John Defterios.
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