Tropical MBA: Entrepreneurship & Founder Lifestyle cover image

#740 The Anti-Agency Agency + High ROI Customer Acquisition

Tropical MBA: Entrepreneurship & Founder Lifestyle

CHAPTER

Profit First: A Different Approach to Business Finances

In this chapter, they discuss the Profit First approach to business finances and how it differs from the traditional method. They explain that most businesses operate by spending money first and considering profit only after expenses are covered, whereas with Profit First, a set percentage of profit is prioritized and allocated to a separate bank account. They also explore the idea of gradually increasing the percentage of profit allocated and discuss the application of the Profit First system for different stages of business growth.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner