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
Aug 27, 2020 • 21min
Ep. 20: Profit First FAQs: Answers to Your Burning Questions to Achieve Permanent Profitability
More of your Frequently Asked Questions (FAQs) addressed and answered covering a lot of ground to support you in doing Profit First “right” and keeping you on the path to permanent profitability.
Aug 20, 2020 • 36min
Ep. 19: Exploring Entrepreneurial Trauma and Debunking Common Myths with Profit First Nation's Krystel Stacey
Don't miss out on this insightful conversation!
Aug 13, 2020 • 40min
Ep. 18: Safeguarding Your Company Against Embezzlement: Why You Must Act Now
No business is immune to the risk of embezzlement, and ignoring this possibility can be a costly mistake. In this episode, we discuss the uncomfortable yet crucial topic of safeguarding your company against fraud, and why you must take proactive steps to protect the integrity of your accounting practices. Join us to learn more about how and why you should act now to prevent embezzlement and protect your business.
Aug 6, 2020 • 27min
Ep. 17: Why You Shouldn't Abdicate Your Business Financials: Tips for Working with Bookkeepers and Accountants
As a business owner, it's important to have a clear understanding of your company's financials, even if you have a bookkeeper or accountant managing your books. In this episode, we discuss the risks of completely abdicating your business financials, and share practical tips for working effectively with your financial professionals. Join us to learn why it's important to stay informed about your company's finances, and how to maintain a healthy and productive relationship with your bookkeeper or accountant.
Jul 31, 2020 • 23min
BONUS: Going Deeper into Bookkeeping: Insights from Moxie Bookkeeping's Ean Price Murphy
In this special bonus episode, we are joined by Ean Price Murphy, founder of Moxie Bookkeeping Mentoring and Consulting, for a deeper dive into the world of bookkeeping. As Mastery-Certified Profit First Professionals, Ean and our host share a passion for helping business owners take control of their finances. Join us as we explore important topics like red flags to watch out for, in-house vs. outsourcing bookkeeping, and more. Whether you're new to entrepreneurship or a seasoned pro, you won't want to miss this valuable conversation.
Jul 30, 2020 • 32min
Ep. 16: Beware of Wolves in Sheep's Clothing: How to Hire A-Player Bookkeepers for Your Business
Join us to learn how to identify and hire A-player bookkeepers who can help your business thrive, while avoiding the pitfalls of working with B and C-player candidates.
Jul 23, 2020 • 22min
Ep. 15: Using Profit First with Credit Cards: Best Practices for Managing Cash Flow without Becoming Insidious
In this episode, we explore best practices for using credit cards as part of your Profit First system, while staying on the win-win side and avoiding costly mistakes. From setting clear boundaries to avoiding temptation, we cover everything you need to know to make credit cards work for you, rather than against you.
Jul 16, 2020 • 41min
Ep. 14: Achieving Predictable Cash Flow: Using the Borrower-Lender Matrix and Emotional Intelligence to Improve Your Finances
Whether you're struggling to manage your finances or looking for new ways to improve your cash flow, this episode is packed with valuable insights to help you succeed. Join us for a fascinating conversation about the intersection of psychology and finance.
Jul 9, 2020 • 28min
Ep. 13: Doing Profit First Right: Easy Steps to Achieving Permanent Profitability in Your Business
Learn how to implement Profit First effectively in your business by setting up foundational accounts, allocating profit percentages, and maintaining financial stability. Get tips on managing extra income and starting Profit First with small percentage allocations. Avoid common missteps and aggressive strategies to achieve permanent profitability.
Jul 2, 2020 • 34min
Ep. 12: Crisis Management: Navigating the Five Stages of Business Crisis During COVID
In this episode, we explore the five stages of crisis management and help you identify where your business is in the process. From there, we share practical tips for taking deliberate action to surge past your competition and serve your customers better.
