Profit First Nation
Welcome to Profit First Nation, the podcast that helps you achieve permanent profitability in your business by taking action to implement Profit First right. Hosted by Danielle Mulvey, a Profit First expert, and Mike Michalowicz, the author of Profit First, this podcast is for the top 17% of entrepreneurs who have cash in the bank to correlate with their profitability.
On the podcast, we dive into advanced Profit First strategies by sharing the honest and authentic ups and downs of being a business owner. Each episode provides information for entrepreneurs focused on taking the right steps and seeking appropriate advice from professionals in accounting, legal, tax, or other relevant areas. You’ll also hear transformational stories from business owners who have turned their businesses from cash eating monsters to money making machines with cash in the bank to correlate to their profitability by implementing the Profit First System.
With a focus on intelligent entrepreneurship, Profit First Nation guides you on how to take ownership of your finances and leverage Profit First as a DIY cash management system to make your business permanently profitable.
If you're a fan of Profit First and Mike Michalowicz, this is the podcast for you. Join a in on our community of successful entrepreneurs driven to be permanently profitable, with a grit and growth mindset that lets no obstacle stand in the way in pursuit of the three Ps: passion, profit, and play.
https://www.profitfirstnation.com
ABOUT THE HOSTS
Danielle Mulvey:
Danielle Mulvey is a former flight attendant-turned entrepreneur and the owner of multiple businesses doing $50-million in annual revenue. She is one of the exclusive, select group of Mastery-Certified Profit First Professionals in the world, and the go-to “HOW TO IMPLEMENT” workshop facilitator for Profit First and WSJ Journal Best Selling Author Mike Michalowicz following his keynote speeches. Danielle is currently running multiple businesses from start-ups to mature businesses with 10-year plus track records and revenues ranging from $1M to $40-million in annual revenues and is a certified numbers geek about Profit First, leveraging the DIY cash management system for small business to achieve maximum profitability. She has the ability to personally guide business owners to achieve maximum profitability in their business based on her 25-years experience of being an entrepreneur who has been there and done that.
Additionally, Danielle authored the book The Rapid Read™ Guide to The 5-Star Employee Rating System™ and is currently collaborating with Wall Street Journal best-selling author Mike Michalowicz on his new book, to be released in Q1 2024, titled ALL IN: How Great Leaders Build Unstoppable Teams.
https://www.daniellemulvey.com
linkedin.com/in/danielle-mulvey-66a315
theallincompany.com
profitfirstnation.com
Mike Michalowicz:
Mike Michalowicz is an entrepreneur and New York Times and Wall Strett Journal best-selling author of Profit First, The Pumpkin Plan, SURGE, Toilet Paper Entrepreneur, Clockwork, Fix This Next, and Get Different. BusinessWeek called Toilet Paper Entrepreneur a business cult classic. His books have been translated into 10 languages and Mike has had the privilege to speak on stages all over the world because of his passion to connect with entrepreneurs.
As the founder of Profit First Professionals, he empowers accountants, bookkeepers, and business coaches with the tools and techniques to maximize client profitability, allowing them to uplevel from being one of the 83% of small businesses operating check-to-check and struggling to be profitabably to becoming one of the 17% of thriving and highly valuable businesses with cash in the bank to correlate to profitability. Mike also co-founded the business growth consultancy, Provendus Group, and has successfully founded, built, and sold two technology service-based companies. He is passionate about sharing his experiences and advice with entrepreneurs and sits on formal and informal advisory boards while maintaining relationships with angel and early-stage investors.
linkedin.com/in/mikemichalowicz
MikeMichalowicz.com
ProfitFirstProfessionals.com
mikemichalowicz.com/books/
MikeMichalowicz
Latest episodes
Mar 25, 2021 • 21min
Ep. 50: Answering Your Profit First Questions: Profit Distributions, Tax Distributions, and Reverse Engineering
Join us as we answer three great listener questions about Profit Distributions, Tax Distributions, and Reverse Engineering. Get tips on how to align your Total Revenue Target with your Real Revenue to deliver ideal Quarterly Profit Distributions and Owner’s Pay. Download our bonus resource, the “Reverse Engineer Calculator,” to help you reverse engineer your business goals.
Mar 18, 2021 • 22min
Ep. 49: The Revenue Pipeline Generating Formula for Profitable Business Growth
Want to achieve financial freedom and confidently hit your revenue goals? In this episode, we share the "Revenue Pipeline Generating Formula" to help you work ON your business each week with intentional, proactive action. Learn how to produce profitable results by managing your most precious gift: TIME. Don't waste it, don't get hijacked by it, and limit consuming new content at work to just three hours per week. Join us for practical tips and strategies to achieve ultimate entrepreneurial success with a great return on your time investment.
Mar 11, 2021 • 23min
Ep. 48: The Power of "Take" Over "Make" for Financial Freedom
In this episode, Mike Michalowicz shares his signature "Mike-isms" that will give you more confidence, security, and cash in the bank for profitable business growth and financial freedom. By changing one word in your vocabulary, from "make" to "take," you can shift your focus to what matters most in business - maximizing profitability. Discover simple yet profound insights and strategies that will help you achieve the ultimate entrepreneurial dream with a strong financial foundation. Tune in for expert advice that will provide more runway for your business and make you rich.
Mar 4, 2021 • 29min
Ep. 47: From Struggling Business Owner to Profitable Entrepreneur: One Man's Journey
Join us for a candid conversation with Adam McKee, owner of Contemporary Woods, as he shares his journey from struggling business owner to profitable entrepreneur. Adam shares his personal insights and strategies for increasing profitability by facing problems head-on, just like a buffalo. He also reveals how he now spends a healthy amount of his week working ON his business, and offers tips for building a strong knowledge network. Whether you're just starting out or looking to take your business to the next level, Adam's authentic and transparent advice will inspire you to run towards your challenges and achieve entrepreneurial success. Tune in for practical advice and real-world experience that can help you grow your business and increase profitability.
Feb 25, 2021 • 21min
Ep. 46: Dan Miller's 10 Rich Characteristics for Success in Life and Business
In this episode, we delve into Dan Miller's 10 Rich Characteristics for success in life and business. From creativity to resilience, these characteristics are essential for achieving your goals and living a fulfilling life. Join us as we brainstorm practical ways to develop and strengthen each characteristic, sharing insights and strategies for personal and professional growth. Whether you're an entrepreneur, a creative professional, or simply looking to live your best life, this episode offers valuable advice and inspiration for achieving success on your own terms. Tune in for a countdown of the 10 Rich Characteristics and actionable tips for building them into your daily life.
Feb 18, 2021 • 22min
Ep. 45: Advanced Profit First Strategies for Managing Owner's Pay and Profit Distributions
In this episode, we welcome back Bille Anne Grigg, Chief Guide of Profit First Professionals, to dive deeper into advanced Profit First strategies. Join us as we explore how to manage the Owner's Pay Allocation/Account when using a Payroll Service, as well as handling Profit Distributions and leveraging a Vault Account. With Bille Anne's expert guidance, you'll learn how to take your Profit First system to the next level and achieve even greater profitability and financial success. Whether you're just starting out with Profit First or looking to optimize your existing system, this episode offers invaluable insights and strategies for managing your finances like a pro. Tune in for actionable tips and practical advice that can help you take your business to the next level with Profit First.
Feb 11, 2021 • 24min
Ep. 44: How to Hire and Retain A-Players: The Four WOWs Strategy
Whether you're a business owner, manager, or HR professional, this episode offers practical insights and actionable tips for hiring and retaining top talent. Tune in for the Four WOWs strategy and start building a team of A-players that will take your business to the next level.
Feb 4, 2021 • 24min
Ep. 43: Topgrading: How to Rate Candidates on RED Key Competencies
We share practical tips and strategies for rating candidates on these competencies and offer a downloadable resource - the editable RED Key Competency Questions - to help you hire more profitable A-players instead of profit-sucking B or C-players. Whether you're a business owner, manager, or HR professional, this episode offers valuable insights into the hiring process and how to identify top talent that will drive profitability and success in your organization.
Jan 28, 2021 • 35min
Ep. 42: Topgrading: The Four Pillars to Recruiting and Hiring A-Players
In this episode, we discuss the four pillars of Topgrading - a proven method for recruiting and hiring top talent. From identifying core values to conducting in-depth interviews and reference checks, these pillars can help you build a team of A-players who represent the top 10% of available talent.
Jan 21, 2021 • 20min
Ep. 41: Leveraging Baseline Selling to Hit Your 2021 Sales Goals
Whether you're a sales professional or a business owner, this episode offers practical tips and strategies for leveraging Baseline Selling to achieve your goals and drive growth. Tune in for insights into the sales process and how to use Baseline Selling to close more deals and drive revenue.
