June 29, 2020

It's here! This is my FAVORITE part of the quarter!

If you've been implementing Profit First, it's time to celebrate the hard work you've put into your business the last 3 months.

So how does this work? Do you get all the money? 

The answer depends on the amount of debt y...

June 22, 2020

I was speaking with a friend of mine not long ago about what causes us to fail. I mean, no one sets out to fail (obviously). So where is the breakdown? 

We both started rattling off ideas that we'd experienced, or things we've heard from others. 

"Not enough time."

"Not e...

June 15, 2020

Profit First revolves around rhythms. 

Behavior and habit go hand in hand. We need to create solid rhythms in our business to reinforce our behaviors. 

That's why Profit First developed the 10/25 rule.

What is the 10/25 rule? It simply means allocating your funds and...

June 8, 2020

Are you jumping into Profit First with both feet?

A common question I receive from business owners is, "Which Profit First accounts should be checking accounts and which should be savings accounts?"

It is important to understand the difference between a checking account...

June 1, 2020

When it comes to cash flow planning (that sounds way more pleasant than "budgeting"), there are a few areas that cause a lot of us to stumble. These are the variable expenses. They might include:

  • Restaurants

  • Groceries

  • Clothing

  • Entertainment

  • Pocke...

May 25, 2020

At this point you've probably gone through the spectrum of emotions with what's going on in the world right now.

My inbox has been circulating with questions over the past couple of weeks.

What should we do to prepare?

What if my revenue continues to drop?

Should w...

May 18, 2020

If you haven't heard of Profit First before, it's an incredible system that teaches you how to manage your cash flow in a way that nurtures permanent profitability.

Let’s face it; you likely started a business to improve your lifestyle. Whether it was the freedom of wor...

May 13, 2020

I just finished having coffee with a friend of mine who owns a business. While these meetings are typically informal, we always wind up talking about our businesses and money. 

He's been interested in Profit First, but just hasn't quite jumped in yet. As he took a sip o...

May 11, 2020

If you're focused on following the steps in my roadmap, you've likely created your debt snowball and started making some progress on paying down debt.

I wanted to point out a debt that you have that you might not have considered... 

Your phone. 

Are you part of one of tho...

May 4, 2020

In reaction to COVID-19, many business owners have evaluated their offering and made some adjustments. 

I've seen service based companies use their tools to offer completely different services. Some people have even stumbled on a service that they plan on keeping l...

Please reload

Featured Posts

Is the Financial Coach Master Training Worth It?

January 10, 2020

Please reload

Recent Posts