Profit First Nation

Danielle Mulvey and Mike Michalowicz
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May 7, 2020 • 27min

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.
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6 snips
Apr 30, 2020 • 29min

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.
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Apr 20, 2020 • 27min

Ep. 2: Mastering the First Three Steps of Profit First Implementation

Learn how to implement Profit First in your business with expert insights from creator Mike Michalowicz. Discover the importance of setting up foundational Profit First accounts, challenging traditional banking and accounting methods, and reconciling accounts for successful implementation. Master the first three steps and take your business's financial management to the next level.
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Apr 20, 2020 • 27min

Ep. 1: The Inception Episode

Profit First Nation is brought to you by HighLevel. Fans of the podcast can get an extended 30 Day Free Trial by visiting: https://www.gohighlevel.com/profitfirstnation  To subscribe to the Build Your Dream Team secret podcast, just head over to this link: 5staremployeehiringsystem.com/build-your-dream-team-subscribe and fill out the form to gain exclusive access! 🌟 In this episode, we explore the concept of "owning your financials" and how it can transform your approach to business ownership. Guest Danielle shares her "a-ha" moment when she realized the importance of taking control of her business's finances. We also hear from Profit First creator, Mike Michalowicz, on the "Failure Phenomenon" and how to overcome the fear of failure in business. Join us for an inspiring and informative discussion on the crucial step of owning your financials and taking charge of your business's financial success. Download Show Notes

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