Profit First Workshop

1628 Lakewood Drive,Brandon FL 33510

17 March, 2021

Description

Introduction to Profit First ~ Retraining entrepreneurs to pay themselves first! What would you say to a system that guarantees your business will turn a profit, save for taxes, pay your expenses, and pay YOU?! The correct answer is “Uhm, where do I sign up!?” What is the profit first method? Profit First is a system from small business finance expert Mike Michalowicz. Profit First is based on the idea that we need to allocate our income and prioritize our profit before paying any of our expenses. Typically, we take our income, subtract our expenses, and call the leftover profit (if we’re lucky enough to have any). Income - Expenses = Profit Let me show you how we can flip the script. We take our income, prioritize a percentage for profit, and take whatever’s left and use that to pay our expenses. If there’s not enough, we have too many expenses and need to make cuts. With the right commitment, this system guarantees profit. Income - Profit = Expenses