Today we're diving into the concept of Profit First and how it can transform the way you manage your business finances. We'll explore why budgets may not be the most effective approach and introduce you to the idea of crafting a profit plan. Get ready to learn how to prioritize your profit, set spending allocations, and connect your financial goals to tangible results.

What you'll hear in this episode:

[00:54] Prioritize profit over expenses, force budgeting.

[03:34] Allocations and spending habits analyzed for targets.

[08:50] Tough economic times require taking ownership.

[09:58] Creating awareness, taking ownership, and budgeting effectively.

If you like this episode, check out:

The Benefits of Creating a Sellable Business

Ways to Increase Revenue If You Hate Sales

Coaching Alone Can't Resolve Your Cash Flow Problem

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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.