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3min chapter
The Profit First System with Mike Michalowicz
Business Processes Simplified Podcast
How to Allocate Money to Your Business
When it comes to paying your bills, you do it only with the money that's sitting in the account currently. The percentage will always be allocated and when you can't pay your bills, that means something needs to adjust. If I had a hundred dollars come in, the system works,. if I have a dollar come in, it works. And if I have about 10,000 or 100,000. So this works for any size business at any stage because it's percentage based.
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