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The GRO Model: How to Build a Business That Pays You First
This Week’s Profit First Accountant Newsletter
Estimated Read Time: 3 minutes
Hi everyone,
It’s Stephen Edwards from Gro Profit First Accountants, and welcome to this week’s Profit First Accountant Newsletter!
Key Topics Covered:
The GROW Model: A Blueprint for Smarter Finances
The Three Pillars: Foundations, Profit, and Wealth
How to Get a Guaranteed £2–5k in Tax Savings
Building a Business That Works for You
Most business owners are putting in the hours, taking on the risk, but not seeing the financial return they deserve. Around 80% of business owners are in this trap—and we want to break that cycle.
That’s why this week’s focus is on what I call the GROW Model—a practical three-step process to building a better finance function and a business that truly pays you back.
1. Finance Foundations
You can’t scale chaos—you have to scale clarity.
Start by getting your financial basics in order. That means using an online bookkeeping system like Xero, QuickBooks, or FreeAgent. We prefer Xero, but the key is: it must be online, up to date, and giving you monthly clarity.
No more chasing receipts or waiting months for your accountant to tell you how you did last year. You need real-time visibility, weekly or fortnightly bookkeeping, and a relationship with your accountant that goes beyond just filing a tax return.
If you’re still stuck in reactive mode, now’s the time to fix that.
2. Profit Improvement
Once your books are in shape, it’s time to turn your business into a profit machine.
This is where the Profit First system shines—by giving you a proactive view of your margins, taxes, and cash flow.
We help clients with monthly finance reviews, almost like having a part-time finance director without the £80k+ salary. Even if you only do a once-a-year forward-looking review, it can be transformational. Set your goals for 2026 now, not when it’s too late.
3. Wealth Maximisation
You’ve built a better engine—now it’s time to take home more of the reward.
We call this the Tax MOT—a deep-dive tax diagnostic based on 33 ways to save tax. We do this with clients annually, and the results speak for themselves: we typically find £2,000–£5,000 in savings, and we guarantee you’ll save something.
This is where you make your business a true wealth-building machine, not just for the business—but for your family’s future too.
Want to Know If You’re Missing Out?
If you’re interested in our Tax Diagnostic service—whether you’re already a client or not—just reply to this email. We’ll help you uncover opportunities and get you on the path to higher profitability.
Here’s to building a business that works for you.
Until next time,
Stephen Edwards
Profit First Accountant & Business Coach
[email protected]
Gro Profit First Accountants
View all episodes
By Gro Profit First AccountantsThis Week’s Profit First Accountant Newsletter
Estimated Read Time: 3 minutes
Hi everyone,
It’s Stephen Edwards from Gro Profit First Accountants, and welcome to this week’s Profit First Accountant Newsletter!
Key Topics Covered:
The GROW Model: A Blueprint for Smarter Finances
The Three Pillars: Foundations, Profit, and Wealth
How to Get a Guaranteed £2–5k in Tax Savings
Building a Business That Works for You
Most business owners are putting in the hours, taking on the risk, but not seeing the financial return they deserve. Around 80% of business owners are in this trap—and we want to break that cycle.
That’s why this week’s focus is on what I call the GROW Model—a practical three-step process to building a better finance function and a business that truly pays you back.
1. Finance Foundations
You can’t scale chaos—you have to scale clarity.
Start by getting your financial basics in order. That means using an online bookkeeping system like Xero, QuickBooks, or FreeAgent. We prefer Xero, but the key is: it must be online, up to date, and giving you monthly clarity.
No more chasing receipts or waiting months for your accountant to tell you how you did last year. You need real-time visibility, weekly or fortnightly bookkeeping, and a relationship with your accountant that goes beyond just filing a tax return.
If you’re still stuck in reactive mode, now’s the time to fix that.
2. Profit Improvement
Once your books are in shape, it’s time to turn your business into a profit machine.
This is where the Profit First system shines—by giving you a proactive view of your margins, taxes, and cash flow.
We help clients with monthly finance reviews, almost like having a part-time finance director without the £80k+ salary. Even if you only do a once-a-year forward-looking review, it can be transformational. Set your goals for 2026 now, not when it’s too late.
3. Wealth Maximisation
You’ve built a better engine—now it’s time to take home more of the reward.
We call this the Tax MOT—a deep-dive tax diagnostic based on 33 ways to save tax. We do this with clients annually, and the results speak for themselves: we typically find £2,000–£5,000 in savings, and we guarantee you’ll save something.
This is where you make your business a true wealth-building machine, not just for the business—but for your family’s future too.
Want to Know If You’re Missing Out?
If you’re interested in our Tax Diagnostic service—whether you’re already a client or not—just reply to this email. We’ll help you uncover opportunities and get you on the path to higher profitability.
Here’s to building a business that works for you.
Until next time,
Stephen Edwards
Profit First Accountant & Business Coach
[email protected]
Gro Profit First Accountants