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Running a business can be hard. Running a business that makes a profit is even harder.  But this is where implementing a different accounting system in your business can make a huge impact.

Profit First, is a book by Mike Michalowicz if you haven't read it yet.  You definitely should!

He created the Profit First system and now has a team of qualified experts around the world who share his system to help other business owners.

It is not just about setting up your business with multiple bank accounts but also about making sure that you do actual make a profit and you allocate that first! Not last like traditional accounting systems. You mange your cash flow over the peaks and troughs that come with business and generating sales  and you don't end up with unexpected tax bills because you have already got money set aide.  Honestly this is a game changer.

I talk with Amy Bett all about using the Profit First system in your business. S
Amy failed in her first business because of a cash flow problem and when she learnt that "More than 80% of business owners who don't succeed, don't succeed because of a cash flow problem," she set out on a mission to reverse that awful statistic.
Now as a Profit First professional, Amy discovered the only two numbers that matter in business and the formula for actually reaching financial freedom. And since she knows the financial struggles that business owners are facing right now, she's not about to slow down teaching business owners how to effectively manage their money and master their mindset.

You can contact Amy at her website https://amybett.com/ and check out her FREE masterclass there.

We talk about Thriday using Xero in your business.

If you want help building a profitable product business you can grab my free guide on the 8 essentials every product business needs to ensure long term sustainable success.

Join me with special guest Amy Bett, the Lady Without Limits, as she shares the secrets of the Profit First system to help businesses become more profitable. Discover how to build a thriving and successful product business by mastering cash flow management and reaching financial stability. Join the community of entrepreneurs who have transformed their businesses with Amy's guidance and testimonials of success. Say goodbye to financial stress and unlock the path to lasting prosperity!

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I'm Mel Robbins! from @thelotco

Want a Roadmap to Building a Profitable Product Business head here for directions!

Looking for ongoing support to grow your brand and sell more of your product? Join the Product Business Growth Club here.

Find more details at https://www.thelotco.com.au/

Business Coach for product-based businesses. Teaching creative business women how to build a scalable and profitable million-dollar product business whether a physical Retail store or Brand.

Over 25 years as a Retail and Wholesale Strategist (Sales and Marketing for Brands).

Grab my 8 step checklist on building a profitable product business.