Profit Answer Man: Scaling with Profit First & Beyond

Your Why Is a Profit Driver with Jacob Baadsgaard Navigate the intricacies of entrepreneurship and the delicate balance between professional commitments and personal life with Jacob Baadsgaard – founder and CEO of Disruptive Advertising. An entrepreneur at heart, Jacob is a relationship-first kinda guy that loves learning from other people's life experiences. He actively works to create an environment where people feel seen, heard, and challenged to take that next big step on their life journey. When he's not juggling his many roles within Disruptive, you'll find him putting in a lot of miles on the bike or running and spending time with his wife, Teresa, and their four children. In this episode, you will learn the following: The critical relationship between belief in business and profitability, as well as the dangers of passionless marketing and its effect on business differentiation. Underscoring self-awareness and letting go has transformative effects on both personal and professional life. The strategic framework for attracting the right clients and building a successful business culture aligned with personal values. The power of delegation, focusing on passions and tasks that ignite the entrepreneurial spirit. Links: https://disruptiveadvertising.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

Profitable Tax Planning with Gary Massey Gary Massey is founder of Massey and Company CPA, based in Atlanta. He has over 30 years of experience in tax preparation, tax planning, and IRS and state tax problem resolution. He holds a CPA, a Master's degree in Accounting and Master's degree in Business Administration with a specialization in taxation. Gary is also a Certified Tax Representation Consultant. In this episode, you will learn the following: Importance of proper documentation and compliance for taxes. Differences between tax preparation and proactive tax planning. Making quarterly tax payments to avoid year-end liabilities, and fulfilling 1099 obligations and bank reconciliations. Synergy between bookkeepers, tax planners, and preparers in driving profitability. Encouragement for entrepreneurs to engage in strategic tax and bookkeeping practices. Tips for managing IRS audits and tax liabilities effectively. Links: https://masseyandcompanycpa.com/ gary.massey@masseyandcompanycpa.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

Growing Profitably Using Virtual Staff with Justin Nelson Cut through the business jargon and get down to the meat of what it truly takes to construct a team that propels your company forward with Justin Nelson — a Real Estate Agent who is grateful to have had the opportunity to speak live in over 35 states to tens of thousands of people and coached some of the top agents in his industry. Today he owns Sphere Rocket VA which exemplifies the transformative power of strategic delegation and is dedicated to helping all industries learn and harness the power of virtual assistants, from start to finish. In this episode, you will learn the following: How businesses can scale up by leveraging virtual assistants with minimal hands-on effort. The advantages of hiring virtual assistants include cost savings and strategic value. Effective communication with virtual assistants including matching VA skills to business needs and working in the same time zone. The use of open Zoom rooms and other digital tools to foster real-time collaboration among remote teams. Insights into the hiring process with emphasis on having a large applicant pool and a thorough recruitment strategy to secure the best talent. Links: Website: www.SphereRocketVA.com hireleverage.com Facebook: https://www.facebook.com/justinnelson76/ Instagram: https://www.instagram.com/therealjustinnelson/ YouTube: https://www.youtube.com/channel/UCwkZWN-FOtSRYPFpS4gtdrQ LinkedIn: https://www.linkedin.com/in/justin-nelson-82b98412a 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

Systems, Scaling, and Peer Advisory Boards: The Keys to Explosive Growth with Dominic Rubino In this second part episode, join us for another transformative discussion where we dive deep into the pivotal leadership and strategic shifts necessary for entrepreneurs to build a thriving and self-sustaining business with our second time guest, Dominic Rubino. We talk about the significance of implementing systems to free business owners from the daily grind, allowing them to focus on growth and enjoy their enterprise. Learn insights from business gurus like Brian Tracy, Verne Harnish and references to influential works such as Gino Wickman's "Traction." Discover the essence of Scaling Up, the value of robust networking and the courage required for accountability. In this episode, you will learn the following: ● The importance of transitioning from a technician to a visionary leader to enhance business profitability and sustainability. ● How creating systems and processes can liberate business owners from day to day operations, allowing for a more enjoyable and self sustaining business model. ● The value of peer support and shared learning within networks like the Entrepreneurs' Organization (EO) for business owners with revenues of over a million dollars. ● The impact of mentorship, training and the importance of having a supportive network and accountability in professional development. ● How the EOS (Entrepreneurial Operating System) and Scaling Up frameworks can aid in business growth and management for different sizes of businesses. ● The mindset shift required for exponential growth and the significance of thinking bigger for business scaling. Links: Text profit leaks to 315-903-7853 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

8 Profit Leaks in Business with Dominic Rubino In this two-part episode, we have Dominic Rubino – a mentor revered for transforming ordinary contractors into system-savvy entrepreneurs, imparts wisdom on how to identify and rectify the profit killers that are often overlooked yet steadily drain business resources. He breaks down the life-changing magic of the Profit First system and the unparalleled benefits of coaching to elevate your business prowess, ensuring your management efforts are sustainable and effective. From the impact of gross profit margins on your net income to the significance of company values and team expectations, he covers ground on various aspects that contribute to business efficiency and profitability. Dominic Rubino is a construction business coach who has also built and sold 2 of his own multi-million dollar companies. He is a Businessman, Podcast Host, and terrible fly-fisherman. In this episode, you will learn the following: Debunking the myth that higher revenue equates to greater profit. Business owners are encouraged to shift focus from top-line revenue to bottom-line profitability. Identifying the eight common profit leaks in businesses, such as sales inefficiencies, high operational costs, and servicing the wrong customer. Fixing these leaks can significantly improve a company's profitability. Efficient systems and processes are vital for business growth. Simple strategies, such as end-of-day check-ins and checklists, enhance efficiency and prevent profit erosion. Strategies for managing collections and budgets more effectively, such as using personal touches to foster positive client relationships and ensure timely payments. Implementing financial discipline, such as strategic spending and proactive tax management, helps in transitioning from an operator mindset to that of a strategic entrepreneur. Links: Text profit leaks to 315-903-7853 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

Profitable Marketing with Ross McDaniel Discover the power of the Profit First system as we discuss with our guest, growth strategist Ross McDaniel. With a decade of experience in helping brands excel, Ross presents his four key principles to help home services businesses thrive: visibility, competency, social proof, and referral. Ross isn't just a growth strategist; he's spent a decade helping brands excel and grow. Passionate about community development, he's the brains behind Fencepost and the Local Growth Formula. These resources are all about connecting first-rate home service businesses with awesome potential customers. According to Ross, all it takes is four simple ingredients for any local business to witness predictable, profitable growth. His mission? Quite simple – to help local businesses flourish and, in the process, develop thriving communities. In this episode, you will learn the following: ●The importance of targeting the correct audience in marketing efforts. ● Approach to aligning marketing strategies with customer needs and desires. ● Smart reinvestment strategies in your business to foster growth and financial health. ●The four principles: visibility, competency, social proof, and referral, and how they contribute to a business's success. ● Operational strategies like efficient call handling and the potential benefits of hiring a receptionist. Links: https://www.fencepost.co/assessment 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 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