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021: Building a Better Kitchen Business: Fisher Kitchens' Journey to Financial Stability with Profit First
In the competitive world of kitchen businesses, achieving financial stability is often daunting. In such a challenging environment, it becomes crucial for businesses to adopt innovative strategies not only to survive but thrive.
In this episode of Profit First For Tradies, Teagan Fisher shares how Fisher Kitchens, her family-owned kitchen business, embarked on a journey to achieve financial stability through the Profit First system.
Teagan dives into the challenges they faced and the steps they took to build a better kitchen business. Recognising the need for a sustainable financial system, Fisher Kitchens turned to the Profit First methodology.
Teagan emphasises that Profit First is not just about managing money—it's a mindset shift transforming how businesses approach their finances. It encourages a proactive approach to profit and creates a solid foundation for financial stability.
In this episode of the Profit First for Tradies, you’ll learn the following:
Running a successful kitchen business is a challenging task. An industry filled with fierce competition and ever-changing customer demands requires a keen eye for detail, innovative strategies, and a solid financial foundation.
If you haven’t listened to our previous episode about From Struggling to Thriving: A Tradie's Journey to Profit First Success with Jack Sedgman, check out Episode 020.
QUOTES
“Let's not kick ourselves about what we could have, should have, and would have done because we cannot change that.” -Katie Crismale-Marshall
“With Profit First, we feel very confident that at the end of each quarter, we can do a profit distribution and that we can pay ourselves a profit.” -Teagan Fisher
“When accumulating funds, accumulate for a purpose.” -Teagan Fisher
Resources
CONNECT WITH TEAGAN FISHER
CONNECT WITH KATIE CRISMALE-MARSHALL
Facebook: https://www.facebook.com/ProfitFirstforTradies/
In this episode of Profit First For Tradies, Teagan Fisher shares how Fisher Kitchens, her family-owned kitchen business, embarked on a journey to achieve financial stability through the Profit First system.
Teagan dives into the challenges they faced and the steps they took to build a better kitchen business. Recognising the need for a sustainable financial system, Fisher Kitchens turned to the Profit First methodology.
Teagan emphasises that Profit First is not just about managing money—it's a mindset shift transforming how businesses approach their finances. It encourages a proactive approach to profit and creates a solid foundation for financial stability.
In this episode of the Profit First for Tradies, you’ll learn the following:
- The importance of putting money aside for staff (02:18)
- Profit First - why Teagan thought they needed it (03:18)
- Benefits of implementing profit first in the business (07:17)
- One thing Teagan didn’t expect to get out of Profit First (12:50)
- How to customise Profit First for your business? (14:42)
- The Expensive Review Module - what is it? (15:20)
- Knowing your cash flow and invoicing (18:35)
- Teagan’s ultimate advice to tradies (22:35)
Running a successful kitchen business is a challenging task. An industry filled with fierce competition and ever-changing customer demands requires a keen eye for detail, innovative strategies, and a solid financial foundation.
If you haven’t listened to our previous episode about From Struggling to Thriving: A Tradie's Journey to Profit First Success with Jack Sedgman, check out Episode 020.
QUOTES
“Let's not kick ourselves about what we could have, should have, and would have done because we cannot change that.” -Katie Crismale-Marshall
“With Profit First, we feel very confident that at the end of each quarter, we can do a profit distribution and that we can pay ourselves a profit.” -Teagan Fisher
“When accumulating funds, accumulate for a purpose.” -Teagan Fisher
Resources
- Profit First for Tradies
- Profit First Professionals
CONNECT WITH TEAGAN FISHER
- Website: https://fisherkitchens.com.au/
- Facebook: https://www.facebook.com/fisherkitchensandcabinets/
- Instagram: https://www.instagram.com/fisherkitchens/
CONNECT WITH KATIE CRISMALE-MARSHALL
- Website: https://www.profitfirstfortradies.com.au/
- YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
Facebook: https://www.facebook.com/ProfitFirstforTradies/
View all episodes
By Katie Crismale-MarshallIn the competitive world of kitchen businesses, achieving financial stability is often daunting. In such a challenging environment, it becomes crucial for businesses to adopt innovative strategies not only to survive but thrive.
In this episode of Profit First For Tradies, Teagan Fisher shares how Fisher Kitchens, her family-owned kitchen business, embarked on a journey to achieve financial stability through the Profit First system.
Teagan dives into the challenges they faced and the steps they took to build a better kitchen business. Recognising the need for a sustainable financial system, Fisher Kitchens turned to the Profit First methodology.
Teagan emphasises that Profit First is not just about managing money—it's a mindset shift transforming how businesses approach their finances. It encourages a proactive approach to profit and creates a solid foundation for financial stability.
In this episode of the Profit First for Tradies, you’ll learn the following:
Running a successful kitchen business is a challenging task. An industry filled with fierce competition and ever-changing customer demands requires a keen eye for detail, innovative strategies, and a solid financial foundation.
If you haven’t listened to our previous episode about From Struggling to Thriving: A Tradie's Journey to Profit First Success with Jack Sedgman, check out Episode 020.
QUOTES
“Let's not kick ourselves about what we could have, should have, and would have done because we cannot change that.” -Katie Crismale-Marshall
“With Profit First, we feel very confident that at the end of each quarter, we can do a profit distribution and that we can pay ourselves a profit.” -Teagan Fisher
“When accumulating funds, accumulate for a purpose.” -Teagan Fisher
Resources
CONNECT WITH TEAGAN FISHER
CONNECT WITH KATIE CRISMALE-MARSHALL
Facebook: https://www.facebook.com/ProfitFirstforTradies/
In this episode of Profit First For Tradies, Teagan Fisher shares how Fisher Kitchens, her family-owned kitchen business, embarked on a journey to achieve financial stability through the Profit First system.
Teagan dives into the challenges they faced and the steps they took to build a better kitchen business. Recognising the need for a sustainable financial system, Fisher Kitchens turned to the Profit First methodology.
Teagan emphasises that Profit First is not just about managing money—it's a mindset shift transforming how businesses approach their finances. It encourages a proactive approach to profit and creates a solid foundation for financial stability.
In this episode of the Profit First for Tradies, you’ll learn the following:
- The importance of putting money aside for staff (02:18)
- Profit First - why Teagan thought they needed it (03:18)
- Benefits of implementing profit first in the business (07:17)
- One thing Teagan didn’t expect to get out of Profit First (12:50)
- How to customise Profit First for your business? (14:42)
- The Expensive Review Module - what is it? (15:20)
- Knowing your cash flow and invoicing (18:35)
- Teagan’s ultimate advice to tradies (22:35)
Running a successful kitchen business is a challenging task. An industry filled with fierce competition and ever-changing customer demands requires a keen eye for detail, innovative strategies, and a solid financial foundation.
If you haven’t listened to our previous episode about From Struggling to Thriving: A Tradie's Journey to Profit First Success with Jack Sedgman, check out Episode 020.
QUOTES
“Let's not kick ourselves about what we could have, should have, and would have done because we cannot change that.” -Katie Crismale-Marshall
“With Profit First, we feel very confident that at the end of each quarter, we can do a profit distribution and that we can pay ourselves a profit.” -Teagan Fisher
“When accumulating funds, accumulate for a purpose.” -Teagan Fisher
Resources
- Profit First for Tradies
- Profit First Professionals
CONNECT WITH TEAGAN FISHER
- Website: https://fisherkitchens.com.au/
- Facebook: https://www.facebook.com/fisherkitchensandcabinets/
- Instagram: https://www.instagram.com/fisherkitchens/
CONNECT WITH KATIE CRISMALE-MARSHALL
- Website: https://www.profitfirstfortradies.com.au/
- YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
Facebook: https://www.facebook.com/ProfitFirstforTradies/
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