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033: Breaking the Myth- Profit First is NOT Just for the Profitable
Many trades business owners believe that implementing Profit First is best utilised when the business is profitable. However, Profit First is highly recommended for struggling businesses since it provides direction on what areas need attention.
In this episode of Profit First For Tradies, we discuss breaking the myth- Profit First is not just for the profitable.
Many entrepreneurs believe that hiring new staff or getting a big job will miraculously improve their situation but not understanding pricing and costs will only lead to worsening finance. Profit First shines a light on what needs fixing before scaling.
Always waiting for the perfect time to implement Profit First will only prevent positive changes. Taking small steps is better than putting it off until next year when circumstances might go downhill.
In this episode of the Profit First for Tradies, you’ll learn the following:
Profit First can stop finances from worsening and highlight problems to fix. Furthermore, it prompts incremental progress that leads to massive improvements over time.
If you haven’t listened to our previous episode about Mending Mistakes - Katie's Revelation on Business Regrets and Profit First for Tradies, check out Episode 032.
QUOTES
"Your situation is not going to miraculously get better and change unless you do something about it." -Katie Crismale-Marshall
"I can't take you back 12 months or 18 months and start that time again. But I can encourage you to find out the best option for you, invest a little bit of time and figure out what's going to work." -Katie Crismale-Marshall
Resources
CONNECT WITH KATIE CRISMALE-MARSHALL
Facebook: https://www.facebook.com/ProfitFirstforTradies/
In this episode of Profit First For Tradies, we discuss breaking the myth- Profit First is not just for the profitable.
Many entrepreneurs believe that hiring new staff or getting a big job will miraculously improve their situation but not understanding pricing and costs will only lead to worsening finance. Profit First shines a light on what needs fixing before scaling.
Always waiting for the perfect time to implement Profit First will only prevent positive changes. Taking small steps is better than putting it off until next year when circumstances might go downhill.
In this episode of the Profit First for Tradies, you’ll learn the following:
- A common myth that hinders tradies from implementing Profit First (01:15)
- How your business can benefit from Profit First (01:50)
- The impact of not utilising Profit First in its entirety (04:00)
- How to get started with Profit First (05:02)
Profit First can stop finances from worsening and highlight problems to fix. Furthermore, it prompts incremental progress that leads to massive improvements over time.
If you haven’t listened to our previous episode about Mending Mistakes - Katie's Revelation on Business Regrets and Profit First for Tradies, check out Episode 032.
QUOTES
"Your situation is not going to miraculously get better and change unless you do something about it." -Katie Crismale-Marshall
"I can't take you back 12 months or 18 months and start that time again. But I can encourage you to find out the best option for you, invest a little bit of time and figure out what's going to work." -Katie Crismale-Marshall
Resources
- Profit First for Tradies
- Profit First for Tradies: Transform your business from a cash eating monster to a money making machine
CONNECT WITH KATIE CRISMALE-MARSHALL
- Email: [email protected]
- 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-MarshallMany trades business owners believe that implementing Profit First is best utilised when the business is profitable. However, Profit First is highly recommended for struggling businesses since it provides direction on what areas need attention.
In this episode of Profit First For Tradies, we discuss breaking the myth- Profit First is not just for the profitable.
Many entrepreneurs believe that hiring new staff or getting a big job will miraculously improve their situation but not understanding pricing and costs will only lead to worsening finance. Profit First shines a light on what needs fixing before scaling.
Always waiting for the perfect time to implement Profit First will only prevent positive changes. Taking small steps is better than putting it off until next year when circumstances might go downhill.
In this episode of the Profit First for Tradies, you’ll learn the following:
Profit First can stop finances from worsening and highlight problems to fix. Furthermore, it prompts incremental progress that leads to massive improvements over time.
If you haven’t listened to our previous episode about Mending Mistakes - Katie's Revelation on Business Regrets and Profit First for Tradies, check out Episode 032.
QUOTES
"Your situation is not going to miraculously get better and change unless you do something about it." -Katie Crismale-Marshall
"I can't take you back 12 months or 18 months and start that time again. But I can encourage you to find out the best option for you, invest a little bit of time and figure out what's going to work." -Katie Crismale-Marshall
Resources
CONNECT WITH KATIE CRISMALE-MARSHALL
Facebook: https://www.facebook.com/ProfitFirstforTradies/
In this episode of Profit First For Tradies, we discuss breaking the myth- Profit First is not just for the profitable.
Many entrepreneurs believe that hiring new staff or getting a big job will miraculously improve their situation but not understanding pricing and costs will only lead to worsening finance. Profit First shines a light on what needs fixing before scaling.
Always waiting for the perfect time to implement Profit First will only prevent positive changes. Taking small steps is better than putting it off until next year when circumstances might go downhill.
In this episode of the Profit First for Tradies, you’ll learn the following:
- A common myth that hinders tradies from implementing Profit First (01:15)
- How your business can benefit from Profit First (01:50)
- The impact of not utilising Profit First in its entirety (04:00)
- How to get started with Profit First (05:02)
Profit First can stop finances from worsening and highlight problems to fix. Furthermore, it prompts incremental progress that leads to massive improvements over time.
If you haven’t listened to our previous episode about Mending Mistakes - Katie's Revelation on Business Regrets and Profit First for Tradies, check out Episode 032.
QUOTES
"Your situation is not going to miraculously get better and change unless you do something about it." -Katie Crismale-Marshall
"I can't take you back 12 months or 18 months and start that time again. But I can encourage you to find out the best option for you, invest a little bit of time and figure out what's going to work." -Katie Crismale-Marshall
Resources
- Profit First for Tradies
- Profit First for Tradies: Transform your business from a cash eating monster to a money making machine
CONNECT WITH KATIE CRISMALE-MARSHALL
- Email: [email protected]
- Website: https://www.profitfirstfortradies.com.au/
- YouTube:https://www.youtube.com/@profitfirstfortradies9503/featured
Facebook: https://www.facebook.com/ProfitFirstforTradies/
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