Profit Answer Man: Scaling with Profit First & Beyond

Living the Profit First Life with Eric Dingler In this episode of The Profit Answer Man, we welcome Eric Dingler, a seasoned digital marketing expert and entrepreneur who has successfully merged his love for travel with business. Eric has been living the dream of many business owners by becoming location-independent. For the past three years, he and his family have been traveling the world while scaling his digital marketing agency. In this inspiring episode, we explore how Eric leveraged the Profit First system to stabilize his business finances and enjoy the freedom many entrepreneurs strive for but rarely achieve. In this episode you will learn: How the Profit First system transformed Eric's cash flow and business discipline. Practical strategies for running a location-independent business. Why having a clear framework and system in place can simplify financial management. The importance of integrating family and business goals for a fulfilling entrepreneurial journey. How automation tools can make managing multiple accounts and financial allocations easier than ever. Key Takeaways: The Power of Profit First: Eric credits Profit First for giving him the financial clarity and discipline he needed to scale his business. He highlights how the system helped him create a consistent cash flow while keeping operational expenses in check. Frameworks Matter: Being a self-proclaimed framework nerd, Eric emphasizes the importance of adopting systems that align with your thinking style. Profit First gave him a structured approach that didn't require constant oversight but ensured results. Automation Makes It Easier: Eric shared how he automated his Profit First allocations using banking tools. This eliminated the friction of manual transfers and ensured consistent adherence to the system. Quarterly Profit Checks Are Motivating: A pivotal moment in Eric's journey was when he brought home the first quarterly profit check—a milestone that motivated both him and his wife to stick with the system. Family Integration: By aligning his personal goals with his business operations, Eric managed to create a lifestyle that balances work, family, and exploration. About Eric Dingler: Eric Dingler has over 25 years of experience in marketing and is passionate about helping businesses develop cohesive strategies. He is the founder of a digital marketing agency and a digital nomad, traveling full-time with his wife and four children. His entrepreneurial journey is a testament to how intentional financial management and strategic planning can lead to the life of your dreams. Conclusion: Eric's story is an inspiring example of how the right financial system can help you achieve both business growth and personal freedom. Whether you're looking to travel more, spend more time with family, or simply reduce the daily stress of managing your business finances, implementing Profit First can be a game-changer. Links: EricDingler.com https://mymarketingscorecard.com https://www.facebook.com/coastalcitycreative https://www.instagram.com/intransitstudios/ https://www.youtube.com/@intransitstudiosteam Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman Sign up to be notified when the next cohort of the Profit First Experience Course is available! Profit First Toolkit: https://lp.profitcomesfirst.com/landing-page-page 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/ 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

The 5 Numbers to Run Your Business Profitability with Edward Patton Welcome to another episode of The Profit Answer Man podcast! Today, we dive into a fascinating conversation with Ed Patton, a finance expert dedicated to helping privately owned businesses gain financial clarity. Ed's unique approach simplifies business financials down to just five critical numbers, empowering leaders to understand their financial health without the overwhelming jargon. Ed's extensive experience, including roles in public accounting and investment banking, gives him a wealth of knowledge in improving financial performance for small and mid-sized businesses. If you've ever felt that understanding your financials is a daunting task, this episode is for you. In this episode you will learn: The Five Key Numbers for Financial Clarity: Ed explains his proprietary method for breaking down complex financial data into five essential numbers that every business owner can easily comprehend. Why GAAP Cash Flow Statements Fall Short: Discover Ed's custom cash flow statement and why it provides a clearer picture of a company's liquidity than traditional methods. How to Gauge Financial Health with a Simple Metric: Ed shares how to assess your company's financial well-being in dollar terms, making it easier for owners to act quickly and confidently. The Importance of Borrowing Capacity and Business Valuation: Learn how understanding your borrowing potential can open doors to growth opportunities and ensure long-term sustainability. Key Takeaways: Simplicity is Power: By reducing financial reports to five key numbers—cash flow, operating earnings, financial health, value, and borrowing capacity—business owners can make informed decisions without getting bogged down in details. Custom Financial Reporting: Ed's approach emphasizes actionable insights rather than traditional financial ratios, ensuring that business leaders can quickly grasp the financial state of their companies. Improving Borrowing Power: Knowing your exact borrowing capacity can give you leverage when negotiating with financial institutions or planning for growth. Focus on Value Creation: Understanding how your business creates value—and how to measure it—is essential for long-term success. About Ed Patton: Ed Patton is a seasoned finance professional with over 30 years of experience in accounting, investment banking, and financial advisory services. He has dedicated his career to helping small and mid-sized businesses improve profitability and increase their value. His firm offers a unique approach to financial management by simplifying complex financial data into easily digestible metrics. Through his tailored services, Ed enables business leaders to gain confidence in their financial decision-making, ensuring that they can scale effectively while maintaining financial health. You can learn more about Ed's work and connect with him via his website, Patton Trender. Conclusion: Understanding your business's financials doesn't have to be intimidating or complex. With experts like Ed Patton offering clear, actionable frameworks, you can gain the confidence needed to drive profitability and growth. Remember, mastering cash flow, profitability, and financial health is key to building a resilient business. Links: https://www.pattontrender.com/ info@pattontrender.com Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman Sign up to be notified when the next cohort of the Profit First Experience Course is available! Profit First Toolkit: https://lp.profitcomesfirst.com/landing-page-page 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/ 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

Increase Profits While Working Less with Kyle Smith This episode features a conversation with Kyle Smith, CPA, co-founder of Strata Cloud Accountants. With a unique journey from professional poker to strategic financial leadership, Kyle brings a wealth of insights into building scalable, profitable businesses. In this episode, you will learn: Decision-Making Through Numbers: Kyle's journey from poker to finance shows the importance of probabilities and financial forecasting in driving business success. Lessons from Onboarding Small Businesses: Insights from Kyle's time at ScaleFactor, where he worked with a high volume of businesses and observed patterns of success and failure. The Evolution of Accounting Services: How Kyle and his partners created Strata Cloud Accountants to prioritize client service and small business empowerment. Profit First Applications: How Kyle integrates Profit First principles to improve financial clarity and profitability for clients. Key Takeaways: Align Goals with Financial Strategy: Understand how personal and company objectives can align to build a sustainable, fulfilling business. Probability-Based Decision Making: Use scenario analysis and financial forecasts to inform strategic decisions. Build Scalable Systems: Invest in systems and processes that grow with your business while keeping operations efficient. Empower Small Business Owners: Tailored accounting and CFO services can unlock new levels of profitability and ease operational burdens. About Kyle Smith: Kyle Smith, CPA, co-founder of Strata Cloud Accountants, transitioned from professional poker to becoming a financial leader. His early career included roles in consumer packaged goods and hospitality, giving him diverse experience. Kyle honed his expertise during his time at ScaleFactor, onboarding dozens of small businesses weekly and learning industry-wide best practices. Since 2020, Kyle has focused on empowering small businesses with high-touch financial services tailored to their unique needs​. Conclusion: In today's episode, Kyle Smith exemplifies how combining innovative strategies with financial principles like Profit First can lead to impactful results. Whether you're refining your business systems, aligning personal and professional goals, or learning how to scale effectively, there's a wealth of actionable insights to implement. Links: https://stratacloudaccountants.com/pam LinkedIn: in/Kyle-Smith-CPA LinkedIn in/Strata-Cloud-Accountants Facebook: /StrataCloudAccountants Instagram @StrataCloudAccountants Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman Sign up to be notified when the next cohort of the Profit First Experience Course is available! Profit First Toolkit: https://lp.profitcomesfirst.com/landing-page-page 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/ 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

Work Less Make More Profit with Eric Williams In this episode of The Profit Answer Man, I had the pleasure of hosting Eric Williams, founder of Willity. Eric's passion lies in helping overworked and overwhelmed business owners regain control over their schedules, delegate effectively, and build businesses that create freedom, impact, and profitability. He shares his experiences and strategies on how entrepreneurs can break free from burnout cycles, focus on what truly matters, and intentionally design a profitable business aligned with their goals. In this episode, you will learn: Why the root cause of many business problems often lies with the entrepreneur and not the business itself. The importance of being intentional about finances and implementing systems like Profit First. How to transition from reactive decision-making to a proactive approach for better financial and time management. Practical steps to systematize, delegate, and automate your business for sustainable growth. Key Takeaways: Business Problems vs. Entrepreneur Problems: Eric highlights that most business issues are straightforward to solve compared to the personal challenges entrepreneurs face. By addressing personal growth and mindset, business owners can unlock the true potential of their companies. The Power of Profit First: Eric shares how the Profit First methodology has transformed his and his clients' businesses. It's not just about understanding revenue and expenses but allocating profit intentionally to align with business and personal goals​​. Intentionality in Business Design: Eric emphasizes designing a business that fits the life you want. This includes deliberate planning for time, finances, and processes to ensure your business serves your life rather than controls it. Delegation and Automation: A recurring theme is the need to step away from the day-to-day grind by delegating effectively and implementing systems to automate routine tasks. This enables entrepreneurs to focus on scaling their businesses without being bogged down by operational details​. Guest Bio: Eric Williams is the founder of Willity, a consulting firm dedicated to helping business owners and leaders streamline their operations and regain control over their time and schedules. Through his work, Eric helps entrepreneurs reduce stress, achieve financial clarity, and create impactful businesses that align with their values. His expertise lies in guiding clients out of burnout and into a space where their businesses work for them—not the other way around. Conclusion: This episode with Eric Williams is packed with actionable insights and practical advice for any entrepreneur striving to build a more profitable and sustainable business. If you've ever felt overwhelmed by the demands of running your business, Eric's strategies will inspire and guide you toward regaining control and focusing on what truly matters. Links: https://willity.com/ Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman Sign up to be notified when the next cohort of the Profit First Experience Course is available! Profit First Toolkit: https://lp.profitcomesfirst.com/landing-page-page 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/ 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

Profit & Process with Michael Straza In the world of business, profitability and efficiency often stand as the ultimate goals. Yet, many business owners struggle to harmonize their operational processes with financial clarity. In this episode of The Profit Answer Man, we dive deep into the strategic insights and transformative approaches offered by Michael Straza, a seasoned Fractional COO/CFO with over 25 years of diverse business experience. Michael's unique ability to bridge the gap between operations and financial management offers a fresh perspective on how business leaders can optimize processes for long-term profitability. In this episode, you will learn: The Intersection of Operations and Finances: Discover why understanding both operational processes and financial numbers is crucial for business growth. Diagnosing Hidden Problems in Financial Statements: Learn how to identify process inefficiencies that impact profitability, often hidden behind the numbers. Labor Efficiency as a Key Metric: Explore strategies to measure and enhance labor efficiency for improved gross profit. Aligning Teams for Financial and Operational Success: Understand how to unify operational and financial goals for cohesive team performance. Key Takeaways: Operational Issues Often Mask Financial Problems: Michael shares how processes directly influence the P&L and why business leaders must dig deeper into their operations when the numbers don't align with expectations. Bridging Communication Gaps: Operations and finance often speak different languages. Michael emphasizes the importance of translating these perspectives for better decision-making and alignment. Labor Efficiency as a Diagnostic Tool: Evaluate whether inefficiencies lie in people, processes, or pricing by calculating labor efficiency ratios and aligning team efforts. Empowering Leadership through Process Awareness: By understanding the operational story behind financial statements, leaders can make more informed and strategic decisions. About Michael Straza: Michael Straza is an accomplished Fractional COO/CFO, entrepreneur, and strategic thinker. Over his 25+ year career, Michael has operated in industries ranging from tech to healthcare, helping businesses streamline processes and achieve financial clarity. His focus lies in bridging the gap between operational systems and financial insights, ensuring businesses achieve sustainable growth and scalability. Learn more about Michael and his work at ConsultStraza.com​. Conclusion: Aligning operational excellence with financial clarity is a game-changer for any business. As Michael Straza demonstrates, the key lies in digging deep into processes, bridging communication gaps between teams, and leveraging metrics like labor efficiency to drive profitability. Whether you're scaling your business or fine-tuning existing systems, integrating these principles can lead to significant, measurable results. Links: Website: https://www.consultstraza.com/ LinkedIn: https://www.linkedin.com/in/michaelstraza/ Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman Sign up to be notified when the next cohort of the Profit First Experience Course is available! Profit First Toolkit: https://lp.profitcomesfirst.com/landing-page-page 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/ 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

Profit Made Simple: The Tools to Work Less and Earn More- Solo Episode Welcome back to The Profit Answer Man! In this episode, we're diving into actionable strategies to improve cash flow, boost profits, and create a sustainable business that supports your life goals. This solo episode by Rocky Lalvani provides insights into the Profit First methodology and the tools that empower business owners to work smarter, not harder. Whether you're new to the podcast or a long-time listener, this episode will help you streamline your financial strategy and get closer to the financial freedom you deserve. In this episode, you will learn: The essential steps to implement the Profit First methodology and make profitability a habit. How to structure your financial systems to support growth while maintaining simplicity. Techniques for setting realistic financial goals and tracking your progress effectively. The importance of managing cash flow and preparing for economic uncertainty. Key Takeaways: The Power of Profit First: Shift your financial approach by making profit your top priority. By allocating profit first and managing expenses from the remainder, you create a healthy cash flow and a more resilient business​​. Simplicity Drives Clarity: Complexity in financial management often leads to confusion and mistakes. Use tools and systems like multiple bank accounts for clearer allocation and tracking of funds​​. Cash Flow is King: Cash flow management is the lifeblood of any business. Develop a consistent habit of forecasting cash flow and identifying potential risks early to avoid pitfalls​​. Break Goals into Manageable Steps: Large financial goals can feel overwhelming. By breaking them into smaller, actionable steps, you'll stay focused and motivated to achieve consistent progress​​. Track, Reflect, Adjust: Regularly review your financial metrics and adjust strategies as needed. This ensures your business remains agile and capable of weathering challenges​​. About Rocky Lalvani: Rocky Lalvani is a certified Profit First Professional dedicated to helping business owners achieve financial clarity and peace of mind. As the host of The Profit Answer Man, Rocky simplifies the journey to profitability with practical advice and proven systems. His mission is to empower entrepreneurs to prioritize profit, create financial stability, and build businesses that support their personal and professional goals. Learn more at profitcomesfirst.com​​. Conclusion: Profitability doesn't happen by accident—it's a deliberate choice and a discipline. By applying the principles discussed in this episode, you can take control of your finances, create a sustainable business, and enjoy the rewards of your hard work. Remember, focusing on the bottom line and prioritizing profit is the key to long-term success. Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman Sign up to be notified when the next cohort of the Profit First Experience Course is available! Profit First Toolkit: https://lp.profitcomesfirst.com/landing-page-page 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/ 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

Cash Flow Mastery with Anthony Nitsos On this episode of The Profit Answer Man, we welcome Anthony Nitsos, the CEO and Founder of SaaS Gurus. Anthony shares his journey from medical school to mastering finance and becoming a trusted advisor to SaaS startups. His unique perspective focuses on addressing the root causes of financial and operational inefficiencies, bringing lessons from medicine and Japanese manufacturing to the business world. In this episode, you will learn: Why Anthony left medical school and how that shaped his approach to problem-solving in business. The importance of preventive measures in finance, akin to healthcare practices. How understanding and applying lean processes can enhance operational efficiency. Insights from Anthony's experiences with Japanese business principles and their application in finance and accounting. Practical steps SaaS startups can take to streamline operations and achieve consistent profitability. Key Takeaways: Preventive Finance is Key: Much like in healthcare, treating symptoms without addressing the underlying cause can lead to recurring problems. Anthony emphasizes identifying and solving root issues in accounting and finance to prevent recurring operational challenges​. Efficiency Through Standardization: Borrowing from Japanese manufacturing, Anthony underscores the value of creating standardized processes in repetitive tasks like invoicing, payroll, and sales order creation. This minimizes errors and saves time and resources​. Cultural Lessons on Frugality and Value: Influenced by his Greek immigrant background and Japanese business culture, Anthony highlights the significance of being resourceful while delivering maximum impact—focusing on quality over quantity​ Understanding SaaS-Specific Challenges: SaaS companies face unique financial hurdles, from managing subscriptions to scaling operations. Addressing these challenges requires a tailored approach that includes proper financial forecasting, expense management, and strategic investment. About Anthony Nitsos: Anthony Nitsos is the founder of SaaS Gurus, a fractional CFO service dedicated to SaaS startups. With a rich background in medical training, lean manufacturing, and financial leadership, Anthony's insights are rooted in finding efficient, value-driven solutions for businesses. He has been instrumental in the success of unicorn exits like Duo Security and LLamasoft, helping SaaS businesses scale with financial clarity​. Conclusion: Anthony Nitsos demonstrates the power of applying lessons from diverse disciplines to business finance. By focusing on prevention, standardization, and cultural efficiency, SaaS startups can navigate complex financial landscapes with confidence. His journey is a testament to the importance of holistic thinking in achieving sustainable profitability. Links: LinkedIn: https://www.linkedin.com/in/anthonynitsos/ Website: https://saasgurus.io/ Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman Sign up to be notified when the next cohort of the Profit First Experience Course is available! 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/ 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

Building the Right Business Model with Wes Barefoot In this episode, we dive into the exciting and often misunderstood world of franchising with Wes Barefoot, entrepreneur, franchise expert, and host of the Path to Freedom podcast. Wes shares his journey from corporate employee to franchise owner and consultant, detailing how franchising can create financial and time freedom for aspiring entrepreneurs. In this episode, you will learn: What Makes Franchising a Unique Pathway: Explore how franchising offers a structured system that accelerates business success for individuals, even those without industry experience. The Blueprint for Franchise Success: Learn the steps to identify the right franchise opportunities based on personal goals, interests, and financial capabilities. Insights on Franchise Operations: Discover the nuances of owning and managing franchise businesses, including lessons from Wes' personal ventures. How to Achieve Freedom Through Business Ownership: Wes shares actionable tips to transition from employee to entrepreneur while achieving financial independence. Key Takeaways: Franchising Benefits: Wes explains how the proven systems and support within franchise models can help entrepreneurs avoid the steep learning curve of starting a business from scratch. Learning from Experience: Through his own journey with two franchise businesses—one he continues to operate—Wes illustrates the potential of franchising to create sustainable and profitable business models. A Tailored Approach: The importance of aligning franchise selection with personal values, skills, and long-term goals is crucial to success. Freedom and Flexibility: Franchising isn't just about business ownership; it's about achieving a lifestyle where your business serves your life, not the other way around. About Wes Barefoot: Wes Barefoot is a seasoned entrepreneur with years of experience in the franchising space. As a franchise owner himself, Wes now uses his expertise to guide aspiring business owners through the process of identifying and securing franchise opportunities that align with their aspirations. He is also the host of the Path to Freedom podcast, where he shares insights on building freedom and success through business ownership. When not working, Wes enjoys life in Wilmington, NC, with his wife and two children. Links: Website: path2freedom.com YouTube: @FRANCHISE2FREEDOM Instagram: @PATH2FRDM Facebook: PATH TO FREEDOM LinkedIn: Wesley Barefoot Conclusion: Franchising might not be the first option that comes to mind for aspiring entrepreneurs, but as Wes Barefoot demonstrates, it can be a powerful tool for creating financial independence and a fulfilling life. By leveraging systems and support, franchise owners can achieve their dreams faster and more effectively than going it alone. Tune in to this episode for a deep dive into the world of franchising and actionable insights to jumpstart your path to freedom. 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

Optimizing Your Business Finances with Miller Bradford Welcome back to The Profit Answer Man Podcast! Today, we dive into the dynamic world of financial management for small businesses with our guest, Miller Bradford, founder of Up Accounting Inc. Miller specializes in providing innovative bookkeeping, payroll, and financial operations solutions for small businesses, with a particular focus on builders and Chick-fil-A franchises. Join us as we explore Miller's journey, his insights into financial systems, and how Profit First helps businesses achieve consistent profitability. In this episode, you will learn: The Challenges of Managing Builders and Franchise Finances: Miller shares how his team works with both builders and franchise owners, identifying similarities and unique challenges in these industries. The Impact of Profit First on Business Success: Discover how Miller's clients leveraging Profit First are among the most profitable, organized, and cash-flow stable businesses. How to Build Scalable Financial Operations: Learn tips for managing financial workflows and scaling operations as a growing small business. Utilizing Technology for Financial Management: Miller highlights tools and practices that streamline financial processes for greater efficiency and accuracy. Key Takeaways: Profit First Drives Success: Miller confirms that his most successful clients embrace Profit First principles, creating disciplined cash management practices that prevent financial shortfalls and promote growth. The Importance of Systems: Having the right systems in place not only simplifies bookkeeping but also creates a foundation for scalability. Partner with Experts: Entrepreneurs excel when they focus on their core strengths and partner with professionals to handle accounting and payroll operations. About Miller Bradford: Miller Bradford is the founder of Up Accounting Inc., based in Birmingham, Alabama. Established in 2022, Up Accounting specializes in bookkeeping, payroll, and financial management services for small businesses. Over the past two years, Miller has grown his firm to serve over 45 clients across 15 states, supported by a team of three employees. With a focus on leveraging technology, Miller helps businesses streamline their financial operations, enabling owners to focus on growth and profitability. Links: LinkedIn:https://www.linkedin.com/in/miller-bradford-172190146/ Instagram: https://www.instagram.com/builderbookkeep/ upaccounting.com Conclusion: Miller Bradford's insights underline the value of embracing systems like Profit First to achieve financial clarity and stability. Whether you're a builder, franchise owner, or small business entrepreneur, his strategies offer actionable steps to streamline operations, optimize cash flow, and drive profitability. 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

The Shatterproof Entrepreneur with Scott Reib In this episode of The Profit Answer Man, Rocky Lalvani dives into the critical topic of protecting and growing your business with Scott Reib, known as "America's Legal Coach." With over two decades of experience in helping business owners secure their ventures, Scott shares strategies that are foundational for sustainable business growth and resilience. As a Zig Ziglar Legacy Certified Trainer and a thought leader in the legal field, Scott introduces practical ways to fortify your business against legal and operational vulnerabilities, ensuring it remains "shatterproof." In this episode, you will learn: Why Every Business Needs a Legal Foundation: Scott explains the importance of establishing legal protections early to avoid costly issues down the line. How to Shift Your Mindset on Legal Services: Discover how treating legal advice as a proactive resource, rather than a reactive one, can save you time and money. Strategies for Scaling with Confidence: Scott provides insights into building structures that support sustainable growth without exposing your business to unnecessary risks. The Power of the Profit First System in Business Stability: Learn how combining the Profit First system with solid legal foundations can improve financial health and longevity. Creating a Legacy Through Mindset and Leadership: With his Zig Ziglar background, Scott discusses how mindset is crucial for business growth and resilience, emphasizing the importance of continuous learning and self-improvement. Key Takeaways: Legal Structure is Essential for Growth: Scott shares why setting up your business with the right legal structures from the beginning protects it as it scales, reducing risks and safeguarding profitability. Proactive Legal Counsel: Scott challenges the typical view of lawyers as "emergency responders," presenting a model where legal advice is more akin to a primary care approach—an essential and ongoing part of your business planning. Mindset Drives Business Success: Embracing Zig Ziglar's principles, Scott highlights the "Be, Do, Have" philosophy, stressing that personal growth and mindset are foundational to achieving business goals. Practical Steps for Business Resilience: Scott's "Shatterproof" approach includes strategies to address potential vulnerabilities in your operations, finances, and employee relationships. Profit First as a Business Backbone: Integrating Profit First principles ensures that businesses remain profitable, regardless of revenue fluctuations, providing a buffer during challenging times. Bio: Scott Reib, known as "America's Legal Coach," is the official Zig Ziglar Small Business Lawyer and a Ziglar Legacy Certified Trainer. For over 20 years, Scott has been instrumental in helping business owners, entrepreneurs, and coaches establish solid legal foundations through his firm, Reib Law, and his consulting platform, Shatterproof Solutions. Scott's Access Plan, a subscription-based legal service, allows business owners to access affordable, proactive legal advice before crises arise. Scott is also the host of The Shatterproof Entrepreneur podcast and author of the upcoming book by the same title, aimed at helping business owners scale safely and sustainably. Links: ReibLaw.com LinkedIn: in/TheScottReib X: @TheScottReib Facebook: /TheScottReib Podcast: TheShatterproofEntrepreneur Conclusion: Creating a shatterproof business is about more than just having a great product or service. Scott Reib emphasizes the importance of building a strong legal foundation, prioritizing personal growth, and embedding financial discipline through the Profit First methodology. His practical advice is a must-listen for any business owner looking to protect their business from unforeseen challenges and scale with confidence. Don't miss this valuable discussion on The Profit Answer Man, where business security, growth, and profitability take center stage. For entrepreneurs who are eager to build not just a profitable, but a resilient business, Scott's insights offer a roadmap to success. Listen in to learn how to fortify your business and set it up for long-term growth. 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! 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/ 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