Profit Answer Man: Scaling with Profit First & Beyond

How to Boost Profits in 30 Days with Marcia Riner Marcia Riner is the CEO of Trajectory Consulting LLC, speaker, author, podcast host, and a powerful visionary.  Business owners come to her when they are looking to increase their revenue, take home more profit, and grow the value of their business. She has proven growth and revenue strategies with step-by-step success models that she guides her clients through to get results fast.  She is even able to show her prospective clients a clear ROI to working with her team before they decide to hire Trajectory Consulting. Marcia and her team bring years of business and financial expertise with an ‘outside the box’ style of creativity to her clients which helps to exponentially grow their company and maximizing the value.  In this episode, you will learn the following: A focus on financial aspects of business, which are critical for growth but often overlooked. Emphasis on growth mindset, along with the importance of building a business rather than just creating a job for oneself. The power of small changes and the concept of business as a math problem that can be solved for increased profitability. Overcoming the fear of raising prices, especially in an inflationary environment, is encouraged as a strategy for profit enhancement. Three impactful strategies for immediate profit increase: cutting costs, raising prices, and focusing on the bottom line. Links: http://www.30dayprofitbooster.com/ https://www.infiniteprofitconsulting.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! 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 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 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. #profitfirst

Red to Black with Roger Knecht Roger Knecht is president of Universal Accounting Center, a post-secondary school for accounting professionals. With over 20 years of marketing, sales, HR & operations experience, Roger Knecht has helped thousands of business owners work ON their businesses to increase revenue, improve profits and build value. His strong work ethic and collaborative style delivers reliable, high-quality results for business owners. Roger’s podcast, Building the Premier Accounting Firm, keeps accounting professionals on the cutting edge of the industry offering quality bookkeeping, accounting and tax services. He hosts discussions with some of the accounting world’s best minds and shares actionable insights for firms. Roger is the author of “Your Strategic Accountant” and “Your Profit & Growth Expert”, each written to help business owners understand what they can expect from the accounting profession. Universal Accounting provides accounting professionals with the training, certifications, coaching, and support they need to become Profit and Growth Experts for their clients. In this episode, you will learn the following: Cash Flow Management: Managing cash flow, balancing accounts payable and receivable and the dangers of neglecting receivables Role of CFO Services: Guiding businesses towards increased profitability and the strategies to bridge the common gap between accounts payable and receivable Employee Incentives: Incentivizing employees and setting clear goals to drive business success Accounting Services: Differentiating between bookkeeping, tax planning, CFO services and advisory services and their respective roles in managing business finances The Importance of Timely Invoicing:  Negative impact of late invoicing on a business’s financial health Strategic Approach to Business Finances: Understanding business finances to make informed decisions and guide the business towards success Financial Success for Entrepreneurs: Strategies and tips on how entrepreneurs can improve their business’s revenue, profits and overall value  If you want to have the premier accounting firm in your area contact Roger and his team at 801-265-3777 or visit them online at www.universalaccounting.com  Links:  www.universalaccounting.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! 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 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 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. #profitfirst

Let's Make 2024 the Profitable and Fun for You! In this episode, join as we examine the strategies you need to achieve success in your business this year! We talked about the significance of defining success and setting goals, underlining the importance of breaking down sales goals into manageable monthly targets and determining net profit by calculating costs of goods, payroll, overhead, and marketing. With emphasis on regular review and update of business strategies, we remind you to prioritize working on your business rather than in it, maintain work-life balance, and make profit a habit. In this episode, you will learn the following: ●      The importance of setting clear business goals for the year 2024, intimidating sales goals into manageable monthly targets. ●      Practical tips on business planning and profit analysis, including how to calculate net profit and align business goals with personal desires. ●      Underscore the importance of regularly checking in on company culture, an aspect often overlooked in business planning. ●      The need for business owners to master money management and build a robust business, which in turn can have a positive impact on the economy. ●      How AI can play a huge role in business, from writing emails to providing feedback on sales calls and aiding business planning. 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 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 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. #profitfirst

Using Other People’s Money to Build a Business Discover the untapped possibilities of cash flow and liquidity and propel your business to unparalleled financial prosperity with Christopher Volk. Christopher, a seasoned executive, entrepreneur, investor and real estate expert, has penned The Value Equation: A Business Guide To Creating Wealth For Entrepreneurs, Investors And Leaders.  With a successful track record of taking three companies public, two of which he co-founded, he has previously served as the inaugural CEO and later the executive chairman of STORE Capital His extensive contributions in the field have earned him the regional EYs’ Entrepreneur of the Year award. Besides his corporate roles, he has produced award-winning content on corporate finance and is a board member of Banner Health and Chairman of Tenet Equity’s Board.  Christopher’s expertise in real estate investment provides crucial insights on wealth generation through strategic business decisions. His years of experience managing multiple companies offer valuable advice on managing cash flow and creating wealth in business. In this episode, you will learn the following: ●      Exploring cash flow management challenges and techniques for financial stability in successful businesses. ●      The impact of strong business models and efficient cash flow management in achieving business success. ●      Maximize business wealth by reinvesting strategically and seizing opportunities, regardless of capital cost. ●      The importance of prioritizing both customers and investors for a profitable business. ●      The investment strategies of Walmart, Berkshire Hathaway, Apple and Google. ●      Build a profitable business by mastering business investment and cash flow. ●      The importance of having a margin for error and an insurance policy in business. ●      Business owners must consider the downside and develop a plan for generating returns. Links: http://www.thevalueequation.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! 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 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 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. #profitfirst

How to Scale Your Business with Strategic Financial Leadership Discover the secrets to improving cash flow and making informed financial decisions in your business with Jody Grunden.  Jo is an accounting visionary with over 20 years of experience. He has helped pioneer innovative changes within the industry, including the introduction of the first subscription-based billing method employed by an accounting firm. He is the author of two books, Digital Dollars and Cents and Building the Virtual CFO Firm in the Cloud. Together with his partner Adam Hale, Jody co-founded Summit CPA Group in 2002. It was the first fully distributed accounting firm in the country. In 2020, Summit merged with Anders CPAs + Advisors, and is now recognized as Summit Virtual CFO by Anders. Jody’s specialties include Virtual CFO Services, Creative Agencies, and Remote Team Management. Through his virtual CFO services, Jody has revolutionized the way businesses approach their finances, providing customized strategies and forecasts to drive success. In this episode, you will learn the following: Streamline your business finances with virtual CFO services for improved cash flow and financial metrics. Optimize your business operations with efficient systems and processes to boost profitability. Gain access to different tiers of support and services tailored to your business needs. Uncover the secrets to maximizing profitability and cash flow for long-term business success. Learn how to manage cash flow effectively and make informed financial decisions that drive growth. Links: https://www.summitcpa.net/   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 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 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. #profitfirst

Improving Cash Flow In this episode, join us as we welcome Julian Rubinstein,  a renowned expert in improving cash flow for entrepreneurs and small business owners. Julian Rubinstein is the Founder, and President of American Asset Management, Inc. – an Investment Advisor Representative with over 20 years of business and investment management experience. Mr. Rubinstein’s career includes the founding of the largest manufacturer of shower stalls and laundry/utility sinks in the United States (American Shower & Bath, Corp.) and then selling the company to Masco Corporation, a Fortune 500 company (MAS; NYSE), five years of executive management and mergers and acquisitions work with MASCO and participation as the operational partner at Sun Capital Partners, one of the largest private equity firms in the United States. Mr. Rubinstein has been advising individuals and corporations on their investments and 401(k) plans since 1998. With his wealth of knowledge and practical advice, Julian Rubinstein is well-equipped to guide small business owners and entrepreneurs in improving their cash flow and driving profitability.  In this episode, you will learn the following: Maximize your business profits with proven strategies for increased cash flow. Unlock the keys to workforce efficiency and boost your productivity to new heights. Discover easy and frugal expense management tips to save money and increase your bottom line. Master the art of negotiation to secure better vendor deals and maximize your savings. Set clear and attainable goals to drive your business towards success with confidence. Social Media Links: https://www.americanasset.com/ https://www.facebook.com/americanassetmgmt/ https://www.linkedin.com/in/julian-rubinstein-125b6312   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 Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: https://bit.ly/PFcall 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 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 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. #profitfirst

Increasing Cashflow In this episode, Rocky sits down with Michael Iverson –  the founder of a financial consulting business focused on the delivery of interim strategic CFO services. Responsible for the operations of a consulting business that provides recurring, part-time or project based assignments to fill vacancies or supplement a business’ staff with the benefits of experienced financial professionals.  Services include the preparation of key financial functions such as budgeting, cash flow forecasting, banking and capital funding, mergers and acquisition activity and general accounting for month end analysis and decision making. The company’s professionals also have extensive experience with other key business issues such as risk management and human resource management.  With a focus on educating and empowering business owners, Mike's expertise lies in equipping them with the tools and knowledge needed to make informed financial decisions. In this episode, you will learn the following: Understand your financial numbers and gain insights that can drive your business forward. Master the art of cash flow management to keep your business running smoothly even in uncertain times. Learn how to navigate through economic downturns and recession-proof your business. Discover the secrets to creating financial reserves that will provide stability and peace of mind. Take control of your financial future by implementing effective financial planning strategies. Learn how to make informed decisions that will improve your business's profitability and success. Gain the confidence to face uncertain times head-on and come out stronger and more resilient. Links: https://trilliumfinancial.com/about/ https://trilliumfinancial.com/about/trillium-story/   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 Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: https://bit.ly/PFcall 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 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 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. #profitfirst

How to Create the Structure for Profitable Growth with Patrick Esposito Patrick Esposito, a seasoned businessman, author of THE STRUCTURE OF SUCCESS, is president of ACME General Corp. and also serves as counsel with Spilman Thomas & Battle law firm. Patrick engages in a conversation with Rocky Lalvani in this episode. He has helped found, lead, and advise businesses in technology, consulting, and other sectors. Esposito was co-founder of Augusta Systems, Inc., which was acquired by Intergraph Corporation and was co-founder of Resilient Technologies LLC, which was acquired by Polaris Inc. Esposito recently launched Initiative Labs LLC to help leaders apply the approaches and tools in this book. We discuss the importance of building a strong foundation for business success, including topics such as team management, strategic planning, infrastructure development, and disaster preparedness. Patrick also shares insights and practical advice on how to navigate these critical areas and ensure long-term profitability. In this episode, you will learn the following:   The significance of corporate governance extends beyond publicly traded companies to small and medium-sized enterprises.  The need to consider multiple management teams' points of view when formulating strategic plans. Learn the eight key categories of governance for business leaders: strategy, infrastructure, relationships, business disputes, transactions, partnerships, succession planning, and disaster preparedness. The value of creating systems and infrastructure to facilitate efficient information sharing and knowledge management among team members. The advantages of making minor infrastructure investments to improve revenue, team performance, and business operations.   Links:  Personal site: www.patrickesposito.com Websites: https://initiativelabs.com/ and https://acmegeneral.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 Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: https://bit.ly/PFcall 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 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 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. #profitfirst

Escape the Daily Grind Strategies to Maximize Profits and Minimize Work In this episode, Rocky Lalvani is joined by business coach Pete Taylor to uncover the secrets to structuring a business for maximum profitability and time freedom. Pete shares his expertise in building both brick and mortar and online businesses, emphasizing the importance of implementing the Profit First system. From picked on to pro athlete to serial entrepreneur. Pete built a 7 figure business, dozens of employees, model wife, rolex watches, cars and homes in the country but left all of this to follow his own hero's journey and second mountain; building a community of guys to help him and them stop playing at level 4 when they know they have level 10 in the bag. Pete is a father, mentors founders from 7-8 figures and coaches to build resilience, discipline and character forging. In this episode, you will learn the following: How balancing reinvestment in the business with personal financial stability is essential for long-term success. Learn to develop financial systems that facilitate the expansion of businesses and the accumulation of personal wealth. Acquiring a structured approach to personal finance management can stop profits from being continuously reinvested in the company. Ensuring that funds are set aside for personal use can be facilitated by keeping a profit account distinct from the business finances. Links: Awakened Man - https://www.awakenedman.org/ Personal site - https://www.petetaylor.co.uk/ Instagram - https://www.instagram.com/pete_taylor/   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 Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: https://bit.ly/PFcall 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 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 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. #profitfirst  

Ep 189 Boost Profits Through Smart Marketing Tactics with Joshua Ramsey Joshua Ramsey, CEO of Strategic Point Marketing, has developed principles and strategies for businesses since 2001. During this time, Joshua has successfully created and executed more than 80,000 successful campaigns across the US. Joshua is a Fractional Chief Marketing Officer, author, and highly regarded speaker. As someone with experience in speaking since 2005, Joshua teaches executives and business owners exactly how to cut costs and improve their current business so they can continue to grow. As a true Fractional Chief Marketing Officer, Joshua gives business owners unique executive experience, along with a fresh perspective, without having to pay the high salary of a full-time employee. He helps them to develop new strategies for growing their brand, increasing customer acquisition, and generating new sales. In this episode, you will learn the following: Identifying the cost per lead and the cost per sale by lead source is crucial in marketing strategy. Modified messaging is necessary for various advertising channels in order to effectively reach and convert target audiences. The significance of precision in marketing tactics and the requirement to customize communication for particular product or service classifications. Maximizing the strategic message and modifying the message to correspond with the tactical placement for the best possible marketing campaign outcomes. The development of successful marketing strategies requires teamwork and open communication between the CEO, CMO, and executive staff. Links:  JRCMO.com https://www.linkedin.com/in/jrcmo/ https://www.facebook.com/JRcmo   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 Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: https://bit.ly/PFcall 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 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 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. #profitfirst