Profit First
Easy to use system to get control of your cash flow, put more money in your pocket, and realize YOUR dreams
Are you tired of never having enough to pay the bills and losing sleep over your company’s finances?
Book a Profit First 1 on 1 Intro Call
What is Profit First?
The Basics of Profit First
The GAAP (Generally Accepted Accounting Principles) formula for determining a business’s profit is Sales – Expenses = Profit. Unfortunately, in this formula, profit is a left over, a final consideration, something that is hopefully a nice surprise at the end of the year. Alas, profit is rarely there for small business owners. Which is why, in Profit First, we change the formula to:
Sales – Profit = Expenses
Profit First leverages your habits to create more profit in your business. It uses Parkinson’s Law and Bank Balance Accounting principles to manage your cash flow in such a way that controls your spending and sets aside money for profit and other obligations.
Watch this 2-minute video to learn how Profit First works!
The Profit First Song
was co-written by Bill Litster (founder of Better Biz Info!) and other Profit First professionals and included in the new Profit First Audiobook, now available.
Listen to The Profit First Song
Certified Profit First Professionals
Better Biz Info has achieved Mastery-level certification in Profit First coaching. Watch what Mike Michalowicz, author of Profit First, says about us and about Profit First!
Profit First allocates money to different accounts (the profit account first) on a regular schedule. This way you can see the actual portion of income that is available to use for expenses and your profit account is constantly growing.
2022 Profit First Professional of the Year
