When you choose to use your life coaching skills as a business, you are committed to making a profit.

While there's a traditional definition of profits from the accounting world, Doreen has her own she'd like to share.

In this episode, she'll walk you through her “10 indicators of profitability”. 

Links:

PROFIT FIRST

Radical Coach Institute

Instagram

Quotes:

• “Understanding what you need to be profitable” – @DoreenRainey
• “How are you going to fund that lifestyle?” – @DoreenRainey
• “it costs something to run your business” – @DoreenRainey
• “What are the things that break your heart?” – @DoreenRainey

Time Stamps:

02:25 – What is the “dictionary” definition of profit?

06:21 – “Profit First” system

07:39 –  The first 5 indicators of profitability

10:20 – “it costs something to run your business” – @DoreenRainey

16:36 – The second 5 indicators of profitability