Donna Brazile: Instead of a percentage of revenue going into a profit account, I've actually drawn it out for people a beaker. And when that beaker passes a certain amount of money, I get the money out of that account and put it into profit account. If my operating spends his account is at $100,000, I check it one, you know, Tuesday morning, it's at 220. So I'm always skimming off the top, but at least I know what the top is. It's worked so well for me to grow my business.
Run out of cash and your business will crash! That's why in this final episode of our seven-part series, How Your Business is an Airplane, we explain exactly how to manage your finances, giving you a plan to keep your business fueled with cash.
Don also talks with finance guru, Mike Michalowicz, who shows you how to implement his Profit First method.
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Find out more about Mike Michalowicz or Profit First at ProfitFirstProfessionals.com
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