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
Nov 5, 2020 • 26min
Ep. 30: Q&A Session: Profit First Guide Danielle Mulvey Answers Insightful Business Questions
As tradition dictates for episodes that end in "ZERO," Danielle shares her candid insights and expertise to help listeners gain a better understanding of key business concepts and strategies.
Oct 29, 2020 • 21min
Ep. 29: Maximizing Profit Through Allocation: Discover the Power of Profit First Allocation Days - Expert Insights
With insights into how Allocation Days can give you a better understanding of your company's fiscal health, this episode is a must-listen for anyone looking to boost their bottom line. Tune in now to discover the power of Profit First Allocation Days and learn how to allocate your profits for maximum impact.
Oct 22, 2020 • 23min
Ep. 28: Mapping Out Your Profit First Journey: Tips for Reaching Target Allocation Percentages - Expert Insights
In this episode, our experts take you on a journey to reach your target allocation percentages (TAPs) based on the Profit First Instant Assessment completed in Episode 27. Discover how to make allocation adjustments for each subsequent quarter to reach your TAPs and gain valuable insights into the true secret of going slow with modest adjustments. With tips for mapping out your Profit First journey and reaching your financial goals, this episode is a must-listen for anyone looking to take their business to the next level. Tune in now to gain valuable insights into Profit First allocation strategies and discover how to reach your target allocation percentages over time.
Oct 15, 2020 • 23min
Ep. 27: Reverse Engineering Your Business: 5 Easy Steps to Calculate Your Real Revenue Needs - Expert Guide
Discover how to determine what you need to make to take care of yourself and your family, and gain valuable insights into the gross sales you need to achieve and how much you need to sell to hit your target owner's pay salary.
Oct 8, 2020 • 28min
Ep. 26: Completing Your Instant Assessment: Step-by-Step Guide to Implementing Profit First - Expert Tips
In this episode, our experts share their step-by-step guide to completing your Instant Assessment - step #5 of implementing Profit First. Discover how to use our Instant Assessment Calculator to make the process simple and easy, and gain valuable insights into the 5th-grade math required to complete it. With a warning that this episode contains some "salty" language, our experts guide you through the Instant Assessment process and provide tips and tricks for making it a success. Tune in now to discover how to complete your Instant Assessment and take the next step towards financial stability for your business.
Oct 1, 2020 • 42min
Ep. 25: Step #4 of Profit First Implementation: Determining Your Allocation Rhythm and Schedule - Expert Tips
In this episode, our experts guide you through Step #4 of implementing Profit First - determining your allocation rhythm and scheduling your first allocation day. Discover how to build your profit habit and gain valuable insights into the importance of setting a regular allocation schedule. Plus, listen to our Profit First Nation Inspiration interview with Rob Hughes of Hughes Integrated and gain inspiration and insights from a successful entrepreneur who has implemented Profit First in his business. Tune in now to discover how to take the next step towards financial stability and build your profit habit with Profit First.
Sep 24, 2020 • 18min
Ep. 24: Step #3 of Profit First Implementation: The Inconvenient Bank - Expert Tips
Learn how to implement Step #3 of Profit First - the inconvenient bank, to transform your business. Hear expert tips on resisting temptation, maintaining disciplined profit management, and the significance of an inconvenient bank for the Profit First system. Explore strategies for cash allocation, tax optimization, and the importance of professional tax guidance for business owners.
Sep 17, 2020 • 20min
Ep. 23: Step #2 of Profit First Implementation: Building Your Profit Habit - Expert Tips
Experts provide tips on building a profit habit by allocating 1% of deposits. Stories of entrepreneurs benefiting from profit-first mindset. Success of a steak business using profit-first during crisis.
Sep 10, 2020 • 21min
Ep. 22: Start Phase of Implementing Profit First: Tips for Getting Your Butt to the Bank - Expert Advice
Experts guide entrepreneurs through the Start Phase of implementing Profit First, emphasizing the crucial step of physically going to the bank. Learn about setting up foundational checking accounts, establishing separate profit accounts, and overcoming resistance to Profit First. Discover strategies for achieving permanent profitability by focusing on financial stability and making small, incremental profit allocations.
Sep 3, 2020 • 23min
Ep. 21: Profit First 101: The Journey of Transformation and 12 Steps to Permanent Profitability
Discover the journey of transformation and 12 steps to permanent profitability through the Profit First cash management system. Explore the challenges and strategies of small businesses in achieving financial stability and increasing profitability. Learn about setting up profit and tax savings accounts, allocation rhythms, profit rollout plans, and the iterative refinement process for long-term success.
