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In this episode, we will be joined by John Stricker, a certified Profit First Professional and the owner of Stricker Co Solutions, a company that offers accounting, bookkeeping, and fractional CFO services. John specializes in working with contractors, particularly in the hardwood flooring industry, to help them manage their businesses and prioritize profit.
John will share insights on the importance of profit in running a successful business. He will discuss how profit should be a first consideration rather than a last one, and how it impacts the financial health of a business. He will highlight the need for contractors to prioritize profit beyond just paying themselves a paycheck and how it affects the long-term sustainability and growth of their business.
John will also share his personal strategies for ensuring profitability in his own business and how he helps his clients implement Profit First principles in their businesses. He will discuss the key components of Profit First, including setting up separate accounts for profit, owner's pay, taxes, and operating expenses, and how this system helps contractors better manage their cash flow and prioritize profit.
Furthermore, John will share his expertise in managing the financial aspects of a contracting business, including budgeting, forecasting, financial reporting, and tax planning. He will discuss the common financial challenges that contractors face and provide practical tips and strategies to overcome them and achieve profitability.
Join us as we learn from John's experience and insights on how to prioritize profit in your contracting business and ensure that you are running a fiscally healthy and successful company. Gain valuable tips on implementing Profit First principles and managing the financial aspects of your business to achieve profitability and long-term sustainability.
Need new headphones for working and listening to Floor Academy? Check out ISOTunes using the link below. Amazing Bluetooth headphones that are OSHA certified. http://bit.ly/2P5A9pR
Check out our sponsors
The International Surfaces Event
Johns Manville
Laticrete
Check out our website and store
Support the show
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By Kyle Hedin - Speaker, Mastermind Facilitator, Writer, Content Creator, Business Therapist, and Contractor
4.7
4444 ratings
Send us a text
In this episode, we will be joined by John Stricker, a certified Profit First Professional and the owner of Stricker Co Solutions, a company that offers accounting, bookkeeping, and fractional CFO services. John specializes in working with contractors, particularly in the hardwood flooring industry, to help them manage their businesses and prioritize profit.
John will share insights on the importance of profit in running a successful business. He will discuss how profit should be a first consideration rather than a last one, and how it impacts the financial health of a business. He will highlight the need for contractors to prioritize profit beyond just paying themselves a paycheck and how it affects the long-term sustainability and growth of their business.
John will also share his personal strategies for ensuring profitability in his own business and how he helps his clients implement Profit First principles in their businesses. He will discuss the key components of Profit First, including setting up separate accounts for profit, owner's pay, taxes, and operating expenses, and how this system helps contractors better manage their cash flow and prioritize profit.
Furthermore, John will share his expertise in managing the financial aspects of a contracting business, including budgeting, forecasting, financial reporting, and tax planning. He will discuss the common financial challenges that contractors face and provide practical tips and strategies to overcome them and achieve profitability.
Join us as we learn from John's experience and insights on how to prioritize profit in your contracting business and ensure that you are running a fiscally healthy and successful company. Gain valuable tips on implementing Profit First principles and managing the financial aspects of your business to achieve profitability and long-term sustainability.
Need new headphones for working and listening to Floor Academy? Check out ISOTunes using the link below. Amazing Bluetooth headphones that are OSHA certified. http://bit.ly/2P5A9pR
Check out our sponsors
The International Surfaces Event
Johns Manville
Laticrete
Check out our website and store
Support the show