Profit Answer Man: Scaling with Profit First & Beyond

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! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com In this podcast episode, financial experts Lauren Colson and Rocky Lavani discuss common financial mistakes made by business owners, including money leaks and inaccurate bookkeeping. They emphasize the importance of reviewing profit and loss statements, keeping track of software costs, and prioritizing business projects. The conversation also touches on cash flow projections, understanding the balance sheet, and the need for a solid financial partner. Colson and Lavani provide tips and advice for managing finances effectively and improving profitability. They stress the importance of focusing on the bottom line and being resourceful rather than seeking more resources. The Key Takeaways for this episode are: Business owners should regularly review profit and loss statements and keep track of expenses to avoid money leaks and inaccurate bookkeeping. It's important to prioritize projects and invest in those that will have the greatest impact on the bottom line, rather than spreading resources too thin. A solid financial partner, such as a bookkeeper or accountant, can provide valuable insights and guidance for managing finances effectively and improving profitability. Bio Lauren Colson is a number geek with people skills! As the owner of Colson Strategies, she runs a small but mighty team. Lauren finds passion in helping business owners make the best, most informed decisions through financial information. Lauren knows you're working hard to grow your business and as a financial expert, she doesn't take that lightly. Lauren, along with her team, take the scary out of your finances so you can focus on what matters most. Her job is to empower entrepreneurs with the tools they need to make the best decisions in their businesses. Lauren is more than a business owner - she is a mother of two, a coffee lover, and a book-reading, beach-loving, mindset enthusiast. Links: https://www.colsonstrategies.com/ 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 This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.

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! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com In today's episode, we speak with serial entrepreneur and small business coaching consultant, Henry Lopez. With over 36 years of diverse business experience, including successful careers in information technology, sales, and business ownership, Henry has been involved in 12 different businesses since buying his first one in 1991. Throughout his entrepreneurial journey, Henry has bought and sold businesses, developed new businesses, and even franchised his successful ventures. His businesses span various industries, including restaurants, real estate, software, travel, shared office space, co-working, car washing, small business coaching, and consulting. In this episode, you will learn the following: ● Challenges with Cash Flow and Profitability ● The importance of having financial visibility and understanding gross margins ● The significance of managing inventory and shifting sales strategies in response to economic changes ● Understanding the financial health of a business Links: Website: https://www.thehowofbusiness.com/ 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 This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.

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! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com Profitably Grow and Scale Your Business with Crista Grasso Are you looking to take your business to the next level, but worried about sacrificing profitability or burning out? In this podcast episode, Crista Grasso discusses how to scale your business in a sustainable and profitable way. Crista emphasizes the importance of being strategic when scaling a business and ensuring that the necessary supporting systems are in place. She advises against trying to scale everything at once and instead focusing on what will make the biggest impact. Crista Grasso is the go-to strategic planning and systems expert for online businesses when they want to scale. Known as the "Business Optimizer", Crista has the ability to quickly cut through noise and provide clarity on the core things that will make the biggest impact to scale a business simply and sustainably. She is the founder of the Lean Out Method, creator of the Lean Business Scaling System, and host of the Lean Out Your Business Podcast. In this episode, you will learn the following: ● Simplify and Build a Support Structure ● Optimize What's Already Working ● Identifies ten core areas of waste that hinder a business's ability to scale ● Have a Clear Long-Term Vision Links: Website: https://www.leanoutmethod.com Free Guide: https://www.leanoutmethod.com/waste Podcast: http://leanoutpodcast.com 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 This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.

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! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com In this episode, you will learn the following: What are the implications of cash basis vs. accrual accounting? How can automating financial operations help elevate the role of the accounting and finance professional? What are the benefits of understanding and utilizing time tracker data? Bio: After growing up in Houston, Jesse Rubenfeld began his career in New York City at the Lime Group of companies doing the books for a variety of companies, gaining experience with non-profit, software industry, hedge fund, and management company accounting. After serving as LimeWire's CFO for his last four years there, he joined the D. E. Shaw Group as the controller of the research division that builds supercomputers to revolutionize drug discovery. From the beginning, Jesse's interest in technology led him to automate financial operations, first with spreadsheets, then Perl, and most recently Python. He founded FinOptimal to help QuickBooks Online-based businesses streamline their financial operations, optimizing value-per-dollar with an outsourced accounting service heavily focused on automation. Jesse has bachelor's degrees from UPENN and Wharton, and an MBA from Columbia, and he lives in Houston with his wife and three children. Links: https://www.finoptimal.com/ 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 This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.

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! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes More about making profitability simple: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com Bio: Giuseppe Grammatico is a franchising advisor who has owned a number of Master Franchise licenses and has enjoyed a successful franchising career, guiding over 200 individuals through business ownership, many for the first time. In addition to 2 decades in franchising, he also has 20 years of sales, marketing, and management experience. He has assisted over 1000 individuals and businesses with their investments and achieved over $1 billion in sales. Not everyone is motivated by money and fame, and Giuseppe knows this. He takes the overwhelming guess work out of the franchising process, listening and teaching along the way. Learning about his candidates specific goals for their business and lives aides in guiding them down their dream path. Those bold enough to take action on their own are the ones that realize the freedom boldness can deliver "Freedom Favors the Bold." Links: https://ggthefranchiseguide.com/ The Real Estate, Wealth Builders Conference is in Phoenix, AZ, on May 4th-6th, 2023. I will be speaking at the conference along with over 35+ other real estate investor influencers teaching how to become a successful real estate investor. Get more info about this terrific community event bringing together hundreds of other investors here: http://www.rewbcon.com. Use the promo code rocky for 10% off 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 This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.

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! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes More about making profitability simple: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com Bio: Pat Miller has been a small business advocate for over 20 years. First through his roles in local radio and now through The Idea Collective— his international membership community of 1200 small business owners that spans four countries. Pat's gift is to create big ideas and solve problems that help small businesses grow, and he is extremely passionate about helping entrepreneurs lean into their passions — professionally and personally — to make it happen. Links: https://ideacollectiveincubator.com/ The Real Estate, Wealth Builders Conference is in Phoenix, AZ, on May 4th-6th, 2023. I will be speaking at the conference along with over 35+ other real estate investor influencers teaching how to become a successful real estate investor. Get more info about this terrific community event bringing together hundreds of other investors here: http://www.rewbcon.com. Use the promo code rocky for 10% off 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 This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.

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! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes More about making profitability simple: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com Bio: Ron Story, Jr., has been a full time entrepreneur for over 20 years and has been instrumental in the creation, development and leadership of over 30 companies. Ron went from a struggling insurance salesman to becoming a self-made entrepreneur, now living in Medellin, Colombia. He is the founder of software company, PitchDB, the world's largest podcast search engine with nearly 3 million hosts. It saves hours of digging for podcast contact details in just a few clicks. He is also the author of a book titled "The First 100 Miles", which challenges business owners to recognize the opportunities in front of them and offers practical ways to grow faster. He is a starter and a fixer at heart who has learned many valuable lessons as an entrepreneur over the past two decades. Born and raised in East St.Louis, IL, Ron started his first business as a kid, collecting and recycling aluminum cans so that he could buy the toys he wanted. That drive to solve problems continues today, just on a larger scale. He has defied the odds and created a life that he could only dream about as a kid. Links: https://ronstoryjr.com/ The Real Estate, Wealth Builders Conference is in Phoenix, AZ, on May 4th-6th, 2023. I will be speaking at the conference along with over 35+ other real estate investor influencers teaching how to become a successful real estate investor. Get more info about this terrific community event bringing together hundreds of other investors here: http://www.rewbcon.com. Use the promo code rocky for 10% off 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 This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.

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! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes More about making profitability simple: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com The Real Estate, Wealth Builders Conference is in Phoenix, AZ, on May 4th-6th, 2023. I will be speaking at the conference along with over 35+ other real estate investor influencers teaching how to become a successful real estate investor. Get more info about this terrific community event bringing together hundreds of other investors here: http://www.rewbcon.com. Use the promo code rocky for 10% off Bio: Jim Bishop has owned a retirement planning practice, a life insurance brokerage, and a real estate development company. He understands the process and struggles of growing a business with a planned exit and can help other owners who want to do the same. He often assists business owners who know their craft inside and out but have reached the limit of what they can do operationally on their own. https://www.jtbishop.com/ 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 This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.

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! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes More about making profitability simple: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com Bio: Tyler Horsley, CEO, Investor, Private Equity, Business Growth Advisor, Board, Speaker, INC 500 Company Creator, philanthropist, AI-builder & investor. Links: https://www.nuclearnetworking.com/ tyler@nuclearnetworking.com The Real Estate, Wealth Builders Conference is in Phoenix, AZ, on May 4th-6th, 2023. I will be speaking at the conference along with over 35+ other real estate investor influencers teaching how to become a successful real estate investor. Get more info about this terrific community event bringing together hundreds of other investors here: http://www.rewbcon.com. Use the promo code rocky for 10% off 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 This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.

Today we are going to dig deep into all the levers that affect your profitability. The reality is small changes in each of these levers over time add up to big profits that you get to keep and remove from your business! This is not an overnight success but a systematic way to achieve results. When will you start? Hopefully after listening to todays episode with a fellow Profit First Professional. 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 The Profit First Live Q&A for March 22 - 1pm eastern https://www.eventbrite.com/e/profit-first-qa-call-tickets-532338939097?keep_tld=1 Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes More about making profitability simple: http://profitcomesfirst.com/ Questions: questions@profitanswerman.com Email: rocky@profitcomesfirst.com Bio: Moshe Amsel is the host of the Profit with Law Podcast and the Law Firm Growth Summit. He helps law firm owners grow their practice with a focus on creating generational wealth. As a married loving husband and father of 6 children ranging from 23 years to a baby he is very familiar with the struggles of running a successful business and still prioritizing his family. Moshe has 20 years experience in the IT industry as a business executive. He has extensive experience in Sales and Marketing, having closed over $30 million in sales in a single year. In addition to Profit with Law, Moshe also owns an accounting practice, DreamBuilder Financial, where he helps clients with business advisory and tax strategy services. Links: Website: https://www.profitwithlaw.com/ https://www.facebook.com/profitwithlaw https://www.linkedin.com/in/mosheamsel/ https://www.linkedin.com/showcase/profitwithlaw/ Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ First 2 chapters of Profit First: https://sendfox.com/rocky This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com 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.