Profit First Book

The Top 10 Problems Profit First Solves In Your Business

Habits, Interview, Profit First

The old conventions of managing financials in your business don’t work. Worse yet, they trap us in a cycle of chasing the “next big client” which leads to a very unhealthy businesses.

Know this: It doesn’t have to be that way!

Profit First is an accounting plug-in that will change how you view and manage the finances in your business…for the better. Profit First will make your business instantly profitable. Even better, when you implement Profit First for the long-term, it will solve so many of the problems that keep us business owners awake at night. I know, because I was one of them for years.

Here are the Top 10 problems that Profit First can solve for you in your business.

  1. Worrying day after day about cash flow
  2. Getting hit with a huge tax bill after a good year and a significant increase in sales
  3. Consumed with burdening debt
  4. Feeling overworked, and feeling like you’ve got nothing to show for it
  5. Questioning if you should sell equipment to free up cash
  6. Not paying yourself enough and resenting your business for eating up all of your resources
  7. Going year after year without taking a vacation
  8. Difficulty meeting payroll as sales fluctuate, and questioning if (or worse, not realizing) you are overstaffed
  9. Putting everything you have back into the business. When does your business take care of you?
  10. The emotional roller coaster that comes from the peaks and valleys in cash flow from month to month

If you find yourself laying awake at night worrying about any of these problems, I encourage you to pick up a copy of Profit First and start reading. You can even grab the first five core chapters right here on this page. The answers are there for you!

When should you start implementing Profit First? Now! As in, RIGHT NOW! It doesn’t matter how good or bad your current cash flow position is, you will benefit from Profit First. Profit First is all about implementing healthy cash management habits in your business. You start slowly. You adjust slowly.

Profit is a habit, not an event. Small steps, taken consistently in the right direction, lead to BIG change.