Ready to make profit a priority from day one? In this episode, I’ll walk you through the practical steps to implementing the Profit First system in your UK business—no jargon, just straightforward advice you can action right away.

I’m Deb Halliday, certified Profit First Professional, and I’ll show you how setting up five dedicated bank accounts—for Income, Profit, Owner’s Pay, Tax, and Operating Expenses—can bring structure and clarity to your cash flow. We’ll talk about why this simple habit is a game-changer for business owners who want to reduce money stress and build lasting financial health.

You’ll learn how to allocate your income into each account, why it’s so important to adjust your percentages for your unique business needs, and why the Tax account is especially crucial if you’re VAT-registered. I’ll share practical tips for choosing the right banks and setting up your accounts, plus advice on starting small—allocating even just 1% to profit can make a big difference over time.

If you’re ready to take control of your finances, avoid the usual cash flow headaches, and finally make your business work for you, this episode is for you.

Takeaways:

• Why putting profit first is the secret to a healthier, less stressful business
• How to set up and use five key bank accounts for better cash management
• The power of allocating specific percentages to each account, twice a month
• How to handle VAT and tax obligations with confidence
• Why even a small profit allocation is a powerful first step

Links mentioned:

debhalliday.co.uk

Companies and resources featured:

Lloyds, Barclays, Starling, Monzo, Mike Michalowicz, HMRC