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
Jun 25, 2020 • 21min
Ep. 11: Recession Response: Strategies for Thriving in Challenging Times
In the face of economic uncertainty, many entrepreneurs are struggling to figure out how to survive and thrive. In this episode, we explore Mike Michalowicz's concept of "Recession Response" and share practical exercises and strategies for navigating challenging times. From focusing on your core offerings to pivoting your business model, we cover a range of tactics for staying competitive and resilient in the face of adversity. Whether you're a seasoned entrepreneur or just starting out, this episode is packed with valuable insights and actionable advice for building a recession-proof business. Join us for a fascinating conversation about how to thrive in challenging times.
Jun 18, 2020 • 30min
Ep. 10:Top 17% or 83%: Which Type of Entrepreneur Are You?
Whether you're just getting started with Profit First or looking for ways to improve your financial management, this episode is packed with valuable insights and practical advice. Join us for a fascinating conversation about the mindset and strategies of top-performing entrepreneurs.
Jun 11, 2020 • 23min
Ep. 9: Turning Operating Expenses into Profit Opportunities: Recap of the Expense Challenge
Whether you've been following along with the Expense Challenge or just looking for ways to improve your profitability, this episode is packed with valuable insights and practical advice. Join us for a fascinating conversation about how to turn your expenses into profits and achieve sustainable business growth.
Jun 4, 2020 • 27min
Ep. 8: Finding Profit Opportunities in Your Marketing Spend: Expense Challenge Week 3
In this episode, we dive into week three of the Expense Challenge, which reveals more profit opportunities in your business expenses. Specifically, we look at how to benchmark your marketing spend to ensure you're getting a minimum ROI. We also recognize our first Profit First Nation ROCK STAR Award recipient, Aaron Hendon, a realtor who shares a valuable tip for entrepreneurs. If you're looking for ways to optimize your marketing spend and increase your profits, this episode is a must-listen. Join us for an informative and inspiring conversation about how to make the most of your business expenses.
May 28, 2020 • 28min
Ep. 7: Unlocking Profit Opportunities: Expense Challenge Continues with Profit First Nation Inspiration
Plus, we feature a Profit First Nation Inspiration segment with Rob Hughes from Hughes Integrated, who shares his journey with Profit First and how it has transformed his business. If you're ready to unlock more profit opportunities in your business and hear inspiring success stories from fellow entrepreneurs, this episode is for you.
May 21, 2020 • 32min
Ep. 6: Cutting 10% of Your Operating Expenses: The Profit First Challenge
Join the Profit First Nation challenge to cut operating expenses by 10% and boost profitability. Learn about strategies for reducing costs, embracing financial accountability, and building genuine cash wealth. Hear a success story in service-based business and get ready for a special bonus episode on Profit First strategies for microgems!
May 20, 2020 • 24min
BONUS: Profit First for Microgyms: A Conversation with Author John Briggs
In this special bonus episode, we dive into Profit First for Microgyms with author John Briggs. As a CPA, CEO of Incite Tax, and owner of a microgym himself, John shares his insights and real-life experiences implementing Profit First in the microgym industry.
May 14, 2020 • 30min
Ep. 5: Exploring Rhythm Alternatives and Staying on Track with Profit First ft. Dr. Leslie Cisar
Explore the significance of timing in Profit First allocations, with emphasis on the 10th and 25th of the month. Learn about the benefits of consistent income allocations and adhering to set percentages for long-term stability. Hear about real-life examples of implementing Profit First strategies and the positive impact on financial management.
May 7, 2020 • 24min
Ep. 4: Mastering the Critical Step in Implementing Profit First for Business Owners
Learn how to calculate real revenue and effectively manage accounts receivables and payables in implementing Profit First. Get advice on managing finances and understanding the cost of goods sold for a struggling retail sporting goods store. Discover how to navigate slower months in a business using a drip account, and get tips on managing credit and financing expenses for tech firms.
6 snips
Apr 30, 2020 • 27min
Ep. 3: The Power of Going Slow in Implementing Profit First
Delve into the concept of going slow in implementing Profit First, with a focus on the power of momentum and small continuous actions. Explore the significance of prioritizing profit and learn how to allocate profits towards debt repayment, savings, and business growth. Discover the emotional side of wealth and business success and the importance of mindset. Get started by easing into the profit first system with small allocations and provided resources and support.
