Ep 234 Creating a Profit Discipline with Chris Papin

Creating a Profit Discipline with Chris Papin

In this episode, Chris Papin, Owner and Advisor at Papin CPA, joins us to share his expertise as a seasoned CPA, attorney and insurance producer. With a strong background in accounting and law, Chris offers invaluable advisory services to help businesses navigate complex financial and legal terrains, ensuring both growth and compliance. His innovative insights and client-centered approach make him a trusted guide for businesses aiming for a prosperous future. 

 

In this episode, you will learn the following:

• The importance of intentionality in business decisions, particularly in strategic planning and financial management.
• Insights from Chris Papin on assisting small business owners with complex financial and legal challenges. 
• Common pitfalls in business entity selection and the significance of choosing the right business structure.
• Real-life examples of the financial repercussions of business decisions, such as the purchase of a luxury pickup truck and the necessity of clear goal-setting and profitability adjustments.
• Balance between flexibility and sacrifice in business ownership.
• Value of maintaining sufficient capital reserves for unexpected disruptions.
• Lessons from sports coaching that can be applied to business management, including understanding boundaries, motivation and effective communication.
• Critical aspects of managing business decisions and their consequences, with a focus on professional guidance and intentionality.
• How to prioritize profit over revenue for achieving ultimate life and business success.

 

Links:

LinkedIn: https://www.linkedin.com/in/chrispapin/

Website: https://www.papincpa.com/

 

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

Sign up to be notified when the next cohort of the Profit First Experience Course is available! Check out our website: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs. #profitfirst