Friend,
This podcast was SO MUCH FUN to do. We were joined by Ernesto Segismundo, LMFT and Laura Long, LMFT to chat about “Profit First” by Mike Michalowicz and how it has transformed our businesses.
This year all of us read the book and started applying it to our businesses and "WOW!!" is all I have to say.
Profit First, although a formula, is first and foremost a mindset shift.
It is a shift in the way we as business owners conceptualize money in our business.
Just to give you a taste of the book, the formula MOST people use (totally guilty of this in the past) for income from their business is:
Profit - Expenses = Income
Profit First suggests THIS instead:
Profit - Income = Expenses
Want to know and learn more?
Make a commitment to change the way you think about money in your business. Join us for this fun, exciting and action packed conversation as we chat on the podcast about Profit First.
Some of the things we cover talking about Profit First on the podcast are:
1. What is Profit First?
2. Core Principles of Profit First
3. The bank accounts...
4. Why is Profit First a Mindset Shift
5. Solo vs. Group Practices
