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Are you ready to take control of your business finances in 2024? Then this episode is for you! Today, I want to share a model with you that not only transformed my relationship with money but brought financial stability to my business. It's called the Profit First model and it's based on the book Profit First by Mike Michalowicz. Join me as I share my personal journey with the Profit First model and reveal how it changed my business. Together, we'll explore the benefits of this model, how you can apply it in your own business, and how to divide income into different accounts for profit, taxes, owner's pay, operational expenses, and more.
By the end of this episode, you'll learn how this approach can help you avoid overspending and ensure you always have enough set aside for taxes or business emergencies. Plus, I'll discuss how you can adapt the Profit First model to fit your unique needs and circumstances. So tune in, and let's take control of your business finances in 2024!
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Quote:
"Profit First is a system for approaching your business finances, and it was a total game changer for me." - Felicia
By Felicia Keller Boyle | Business Coach for Therapists4.9
5353 ratings
Are you ready to take control of your business finances in 2024? Then this episode is for you! Today, I want to share a model with you that not only transformed my relationship with money but brought financial stability to my business. It's called the Profit First model and it's based on the book Profit First by Mike Michalowicz. Join me as I share my personal journey with the Profit First model and reveal how it changed my business. Together, we'll explore the benefits of this model, how you can apply it in your own business, and how to divide income into different accounts for profit, taxes, owner's pay, operational expenses, and more.
By the end of this episode, you'll learn how this approach can help you avoid overspending and ensure you always have enough set aside for taxes or business emergencies. Plus, I'll discuss how you can adapt the Profit First model to fit your unique needs and circumstances. So tune in, and let's take control of your business finances in 2024!
Topics covered in this episode:
Connect with Felicia:
Resources from this episode:
Quote:
"Profit First is a system for approaching your business finances, and it was a total game changer for me." - Felicia

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