Struggling with cash management? Learn how the Profit First system can revolutionize the way you handle your business finances. Tune in for a live tutorial & exclusive template!

Time Stamps

01:21 - Episode Intro
03:27 - Setting Up Profit First Accounts
05:26 - Target Allocation Percentages (TAPS)
07:25 - Profit First Analysis Spreadsheet
19:24 - Implementing the System
26:44 - Final Tips and Warnings

Snippets from the Episode

" You're going to be tempted to dip into your profit and your owner's pay and transfer back to your operating expenses, and that's okay, but you have to be very disciplined to say, no, I'm going to make a profit. I'm going to reserve this for profit and I'm not going to shortchange myself.” -Khalil Benalioulhaj

Resources

Profit First Analysis Template
24 Things Construction Business Owners Need to Successfully Hire & Train an Executive Assistant
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243 - Easy Cash Management with Profit First (Live Tutorial + Template)